Borr Drilling Ltd
No SEC Form 4 filings for $BORR in the last 30 days.
See all $BORR insider activity →Borr Drilling shares fell about 7.1% in pre-open trading after the company reported Q2 2026 results that missed Wall Street targets. Revenue was $232.3 million, down 13.2% y/y and below $252.5 million estimates. Net loss widened to $241.4 million, diluted EPS -$0.79 vs -$0.10 expected, with a $176.3 million debt extinguishment charge.
Borr Drilling Limited reported unaudited results for the three and six months ended June 30. Q2 operating revenues were $232.3 million, down 6% from Q1. Net loss widened to $241.4 million, mainly from a $176.3 million debt extinguishment charge. Adjusted EBITDA fell to $43.8 million. After quarter end, it acquired five jack-up rigs via a 50/50 JV for $287 million.
Borr Drilling said Q2 2026 revenue fell to $232.3 million, down 6% from Q1, and adjusted EBITDA dropped 51% to $43.8 million due to rig transitions, higher costs, and delays getting the Odin rig operating. The company reported a $241.4 million net loss, including a $176.3 million refinancing charge. It expects improved Q3 operations and forecasts about 23 active rigs on average.
Over the past 7 days, alphai's AI scored 8 news stories mentioning BORR (Borr Drilling Ltd). Coverage has skewed bearish: 1 bullish, 5 neutral, and 2 bearish.
Recent BORR coverage spans earnings, financial news and corporate actions.
The earnings miss and large debt-related charge likely pressure near-term sentiment, while Q3 EBITDA and rig-commitment guidance may partially offset.
Near-term earnings quality is pressured by refinancing-related charges, but operating utilization and Q3 EBITDA are expected to improve as rig transitions normalize.
Refinancing-related charges and rig transition delays pressured Q2 results, but management expects utilization and active-rig count to improve in Q3.
Borr Drilling, backed by Tor Olav Trøim, secured new contracts and extensions for seven jackup rigs. Awards include Vietnam work for Idun and Gunnlod, Malaysia for Mist with Shell, Ivory Coast for Gerd with Foxtrot, Netherlands for Prospector 1 with ONE-Dyas, and Mexico two-year extensions for Galar and Gersemi with Pemex. Borr says the additions add 2,100+ rig days and about $267m backlog.
Near-term equity risk is dominated by the large refinancing-related loss, while upside hinges on improved Q3 EBITDA from reduced rig transitions and new contract coverage.
alphai scores every news story that mentions BORR with an AI model for sentiment and relevance, and aggregates insider trades from Borr Drilling Ltd's SEC EDGAR Form 4 filings. Figures refresh continuously.
Borr Drilling shares fell about 7.1% in pre-open trading after the company reported Q2 2026 results that missed Wall Street targets. Revenue was $232.3 million, down 13.2% y/y and below $252.5 million estimates. Net loss widened to $241.4 million, diluted EPS -$0.79 vs -$0.10 expected, with a $176.3 million debt extinguishment charge.
4 min readBorr Drilling Limited reported unaudited results for the three and six months ended June 30. Q2 operating revenues were $232.3 million, down 6% from Q1. Net loss widened to $241.4 million, mainly from a $176.3 million debt extinguishment charge. Adjusted EBITDA fell to $43.8 million. After quarter end, it acquired five jack-up rigs via a 50/50 JV for $287 million.
6 min readBorr Drilling said Q2 2026 revenue fell to $232.3 million, down 6% from Q1, and adjusted EBITDA dropped 51% to $43.8 million due to rig transitions, higher costs, and delays getting the Odin rig operating. The company reported a $241.4 million net loss, including a $176.3 million refinancing charge. It expects improved Q3 operations and forecasts about 23 active rigs on average.
4 min readBorr Drilling, backed by Tor Olav Trøim, secured new contracts and extensions for seven jackup rigs. Awards include Vietnam work for Idun and Gunnlod, Malaysia for Mist with Shell, Ivory Coast for Gerd with Foxtrot, Netherlands for Prospector 1 with ONE-Dyas, and Mexico two-year extensions for Galar and Gersemi with Pemex. Borr says the additions add 2,100+ rig days and about $267m backlog.
3 min readBorr Drilling Limited (NYSE: BORR, OSE: BORR) reported unaudited Q2 2026 results. Total operating revenues were $232.3 million, down 6% from Q1. Net loss was $241.4 million, including a $176.3 million debt extinguishment charge. Adjusted EBITDA was $43.8 million. The company refinanced debt, upsized its super senior RCF to $250 million, and bought five jack-up rigs for $287 million.
7 min readBorr Drilling reported unaudited Q2 2026 operating revenues of $232.3M (down 6% sequentially) and a net loss of $241.4M, mainly from a $176.3M debt extinguishment charge tied to refinancing. Adjusted EBITDA fell 51% QoQ to $43.8M. The company said a 50/50 JV completed a $287M purchase of five jack-up rigs and it has $541M backlog.
7 min readBorr Drilling reported unaudited Q2 2026 results. Total operating revenues were $232.3 million, down 6% from Q1. Net loss widened to $241.4 million, mainly due to a $176.3 million debt extinguishment charge from refinancing. Adjusted EBITDA fell to $43.8 million. The company refinanced debt, amended its $250 million RCF, and bought five jack-up rigs for $287 million.
4 min readMorning trading saw oil-linked stocks rise as Brent rebounded from below $80 to the mid-$80s amid Strait of Hormuz risk. Kpler data cited a ~33% drop in tanker traffic, while Iran’s Parliament reviewed a bill to permanently bar hostile vessels. Shares of Calumet (CLMT), Atlas Energy Solutions (AESI), HighPeak Energy (HPK), Borr Drilling (BORR) and ProFrac (ACDC) jumped; CLMT rose 11.5% to about $43.83.
7 min readBorr Drilling (NYSE: BORR) is set to report earnings Tuesday after the bell. The company previously reported $247 million revenue, up 14% YoY, but missed analysts’ EBITDA and EPS estimates. For the upcoming quarter, analysts expect revenue to fall 7.5% YoY. BORR shares are down 13% over the past month; average analyst price target is $5.01 versus $3.89.
3 min readBorr Drilling’s 50:50 JV BC Ventures completed the $287 million purchase of five jackup rigs in Mexico from Fontis Finance, raising Borr’s owned and jointly owned fleet to 34 and expanding its shallow-water Mexico presence. Separately, Keppel plans to monetize up to 10 legacy rigs via Keppel Offshore Fund, selling six rigs for about $1.2 billion and potentially four more for up to $998 million, subject to approvals.
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