BORR Stock - Borr Drilling Limited
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $1.01B | $771.60M | $443.80M | $245.30M | $307.50M |
| Gross Profit | $879.40M | $654.20M | $327.30M | $125.70M | $189.60M |
| Gross Margin | 87.0% | 84.8% | 73.7% | 51.2% | 61.7% |
| Operating Income | $374.20M | $250.40M | $-101,900,000 | $-88,300,000 | $-188,000,000 |
| Net Income | $82.10M | $22.10M | $-292,800,000 | $-193,000,000 | $-317,600,000 |
| Net Margin | 8.1% | 2.9% | -66.0% | -78.7% | -103.3% |
| EPS | $0.33 | $0.09 | $-1.64 | $-1.43 | $-4.06 |
Borr Drilling Limited operates as an offshore drilling contractor to the oil and gas industry worldwide. It owns, contracts, and operates jack-up rigs for operations in shallow-water areas, including the provision of related equipment and work crews to conduct oil and gas drilling and workover operations for exploration and production. The company serves oil and gas exploration and production companies, such as integrated oil companies, state-owned national oil companies, and independent oil and gas companies. As of December 31, 2021, it operated a fleet of 23 jack-up drilling rigs. The company was formerly known as Magni Drilling Limited and changed its name to Borr Drilling Limited in December 2016. Borr Drilling Limited was incorporated in 2016 and is based in Hamilton, Bermuda.
Visit WebsiteRating Distribution
Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| September 11th 2025 | Citigroup | Initiation | Neutral | $3.25 |
| July 14th 2025 | BTIG Research | Downgrade | Neutral | - |
| September 13th 2024 | Evercore ISI | Upgrade | Outperform | $9 |
| January 6th 2023 | BTIG Research | Upgrade | Buy | - |
Earnings History & Surprises
BORREPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 19, 2026 | — | — | — | — |
Q1 2026 | Feb 17, 2026 | — | — | — | — |
Q4 2025 | Nov 5, 2025 | $-0.02 | $0.10 | +512.5% | ✓ BEAT |
Q3 2025 | Aug 13, 2025 | $0.10 | $0.14 | +46.5% | ✓ BEAT |
Q2 2025 | May 21, 2025 | $-0.06 | $-0.07 | -16.7% | ✗ MISS |
Q1 2025 | Feb 19, 2025 | $0.11 | $0.10 | -9.1% | ✗ MISS |
Q4 2024 | Nov 6, 2024 | $0.09 | $0.04 | -55.6% | ✗ MISS |
Q3 2024 | Aug 14, 2024 | $0.19 | $0.12 | -36.8% | ✗ MISS |
Q2 2024 | May 23, 2024 | $0.15 | $0.06 | -60.0% | ✗ MISS |
Q1 2024 | Feb 22, 2024 | $0.11 | $0.11 | 0.0% | = MET |
Q4 2023 | Nov 16, 2023 | $0.07 | $0.00 | -98.3% | ✗ MISS |
Q3 2023 | Aug 17, 2023 | $0.08 | $0.00 | -96.0% | ✗ MISS |
Q2 2023 | May 23, 2023 | $-0.01 | $-0.03 | -400.0% | ✗ MISS |
Q1 2023 | Feb 16, 2023 | $-0.09 | $-0.09 | 0.0% | = MET |
Q4 2022 | Nov 17, 2022 | $-0.23 | $-0.26 | -13.0% | ✗ MISS |
Q3 2022 | Aug 9, 2022 | $-0.26 | $-0.27 | -3.8% | ✗ MISS |
Q2 2022 | May 31, 2022 | $-0.28 | $-0.35 | -25.0% | ✗ MISS |
Q1 2022 | Feb 16, 2022 | $-0.24 | $-0.34 | -41.7% | ✗ MISS |
Q4 2021 | Nov 9, 2021 | — | $-0.24 | — | — |
Q3 2021 | Aug 31, 2021 | $-0.19 | $-0.44 | -131.6% | ✗ MISS |
Latest News
Borr Drilling shares are trading higher after the company announced an agreement to acquire five premium jack-up rigs from Noble Corp. for $360 million. The company also announced the pricing of its $84 million public offering of 21 million shares at $4.00 per share.
📈 PositiveBorr Drilling Prices $84M Public Offering Of 21M Common Shares At $4.00/Share
📉 NegativeBorr Drilling sinks after launching stock offering to pay for $360M Noble jack-up purchase
📉 NegativeBorr Drilling Limited Announces $85M Public Offering Of 21M Shares Of Common Stock
📉 NegativeNoble Corp To Sell Six Jackups For $424M, Including $360M Deal With Borr Drilling And A Separate Transaction For The Sale Of One Rig To Ocean Oilfield Drilling For $64M In Cash
📈 PositiveCitigroup Maintains Neutral on Borr Drilling, Raises Price Target to $3.75
➖ NeutralBorr Drilling Q3 EPS $0.10 Beats $0.08 Estimate, Sales $277.100M Beat $261.486M Estimate
📈 PositiveBorr Drilling Gets $213M Contract Extensions For Three Rigs In Mexico
📈 PositiveBorr Drilling Announces Contract Terminations; Co Has Terminated Two Of Its Drilling Contracts Following Recent Implementation Of International Sanctions Affecting A Counterparty; Terminations Relate To Contracts For Rigs Odin And Hild In Mexico That Had Firm Commitments Until November 2025 And March 2026
📉 NegativeBorr Drilling Grows Liquidity in Q2 2025
📈 PositiveBorr Drilling unveils plans for $100M stock offering; taps Morand to become new CEO
➖ NeutralFrequently Asked Questions about BORR
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