Borr Drilling Limited Announces Third Quarter 2024 Results [Yahoo! Finance]
Borr Drilling Limited Common Shares (BORR)
Company Research
Source: Yahoo! Finance
Highlights Total operating revenues of $241.6 million , a decrease of $30.3 million or 11% compared to the second quarter of 2024 Net income of $9.7 million , a decrease of $22.0 million or 69% compared to the second quarter of 2024 Adjusted EBITDA of $115.5 million , a decrease of $20.9 million or 15% compared to the second quarter of 2024 Year to date of report, the Company has been awarded seventeen new contract commitments, representing 4,129 days and $731 million of potential contract revenue On November 6, 2024 , the Board declared a cash distribution of 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 line with previous quarters CEO, Patrick Schorn commented: "The operational performance in the third quarter was solid, with a technical utilization rate of 98.7% and an econ
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News
- Borr Drilling Limited - Update on Share Repurchase Program [Yahoo! Finance]Yahoo! Finance
- Borr Drilling Limited - Update on Share Repurchase ProgramPR Newswire
- Borr Drilling Limited - Notification of PDMR transactionPR Newswire
- Borr Drilling Ltd (BORR) Q3 2024 Earnings Call Highlights: Navigating Market Challenges with ... [Yahoo! Finance]Yahoo! Finance
- Borr Drilling Limited - Q3 2024 Presentation [Yahoo! Finance]Yahoo! Finance
BORR
Sec Filings
- 11/14/24 - Form SC
- 11/13/24 - Form SC
- 11/13/24 - Form SC
- BORR's page on the SEC website