Borr Drilling Limited Announces Certain Preliminary Results for the Quarter Ended September 30, 2024
Borr Drilling Limited Common Shares (BORR)
Company Research
Source: PR Newswire
HAMILTON, Bermuda, Oct. 25, 2024 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE: BORR) (OSE: BORR) today announced certain preliminary unaudited results for the quarter ended September 30, 2024.For the three months ended September 30, 2024, the Company expects: (i) total operating revenues of approximately $242 million, (ii) operating income of approximately $84 million, and (iii) Adjusted EBITDA of approximately $116 million. The Company expects approximately $186 million in cash and cash equivalents and $150.0 million undrawn under our revolving credit facility as of September 30, 2024.The decrease in operating income of approximately $21 million compared to the second quarter of 2024 is primarily comprised of the following: (i) $13 million decrease associated with a one-off net impact in Q2 2024 from the amortization of deferred revenue and deferred costs related to the termination of a contract for "Arabia I"; and (ii) $11 million decrease in related party revenue ass
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BORR
Sec Filings
- 11/20/24 - Form 6-K
- 11/19/24 - Form 6-K
- 11/14/24 - Form SC
- BORR's page on the SEC website