Borr Drilling Limited Announces First Quarter 2024 Results [Yahoo! Finance]
Borr Drilling Limited Common Shares (BORR)
Company Research
Source: Yahoo! Finance
Highlights Total operating revenues of $234.0 million , an increase of $13.4 million or 6% compared to the fourth quarter of 2023. Net income of $14.4 million , a decrease of $14.0 million compared to the fourth quarter of 2023. Adjusted EBITDA of $116.8 million , an increase of $5.3 million or 5% compared to the fourth quarter of 2023. Raised $200 million of additional principal amount of debt under the 2028 Senior Secured Notes. Year to date of report, the Company has been awarded eleven new contract commitments, representing 1,743 days and $318 million of potential contract revenue, including five new contract commitments signed after the end of the first quarter of 2024. On May 22, 2024 , the Board declared an increase in cash dividend to per share for the first quarter of 2024 to be paid on or about June 17, 2024 CEO, Patrick Schorn commented: "The first quarter results have been strong, driven by solid operational performance with technical utilization coming in
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News
- Borr Drilling: Generous Dividend Increase Is A Strong Sign Of Confidence - Hold [Seeking Alpha]Seeking Alpha
- Borr Drilling Limited - Notice of Annual General Meeting 2024PR Newswire
- Borr Drilling Limited - 2024 Annual General Meeting date [Yahoo! Finance]Yahoo! Finance
- Borr Drilling Limited - 2024 Annual General Meeting datePR Newswire
- Why Borr Drilling Rallied Today [Yahoo! Finance]Yahoo! Finance
BORR
Sec Filings
- 6/7/24 - Form 6-K
- 6/3/24 - Form 6-K
- 5/28/24 - Form 6-K
- BORR's page on the SEC website