Borr Drilling Limited Announces Third Quarter 2024 Results
Borr Drilling Limited Common Shares (BORR)
Company Research
Source: PR Newswire
HAMILTON, Bermuda, Nov. 6, 2024 /PRNewswire/ -- Borr Drilling Limited ("Borr", "Borr Drilling" or the "Company") announces unaudited results for the three and nine months ended September 30, 2024.Highlights Total operating revenues of $241.6 million, a decrease of $30.3 million or 11% compared to the second quarter of 2024Net income of $9.7 million, a decrease of $22.0 million or 69% compared to the second quarter of 2024Adjusted EBITDA of $115.5 million, a decrease of $20.9 million or 15% compared to the second quarter of 2024Year to date of report, the Company has been awarded seventeen new contract commitments, representing 4,129 days and $731 million of potential contract revenueOn November 6, 2024, the Board declared a cash distribution of $0.02 per share ($4.8 million) for the third quarter of 2024 to be paid on or about December 16, 2024, and committed to buy back $20 million worth of shares before year end 2024, equalling a total shareholder return of $25 million, an amount in
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News
- Borr Drilling - Update on Share Repurchase Program [Yahoo! Finance]Yahoo! Finance
- Borr Drilling - Update on Share Repurchase ProgramPR Newswire
- Borr Drilling Limited - Temporary Suspension Notice [Yahoo! Finance]Yahoo! Finance
- Borr Drilling Limited - Temporary Suspension NoticePR Newswire
- Borr Drilling Limited - Update on Share Repurchase Program [Yahoo! Finance]Yahoo! Finance
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