Borr Drilling Limited ( BORR ) Q3 2025 Earnings Call November 6, 2025 10:00 AM EST Company Participants Bruno Morand - Chief Executive Officer Magnus Vaaler - Chief Financial Officer Conference Call Participants Scott Gruber - Citigroup Inc., Research Division Eddie Kim Fredrik Stene - Clarksons Platou Securities, Inc., Research Division Doug Becker - Capital One Securities, Inc., Research Division Benjamin Sommers Greg Brody Joshua Jain Presentation Operator Good day and thank you for standing by. Welcome to the Borr Drilling Limited Q3 2025 Results Presentation Webcast and Conference Call.
Borr Drilling Limited (NYSE:BORR ) Q2 2025 Earnings Conference Call August 14, 2025 9:00 AM ET Company Participants Bruno Morand - Chief Commercial Officer Magnus Vaaler - Chief Financial Officer Patrick Arnold Henk Schorn - CEO & Director Conference Call Participants Daniel Robert Kutz - Morgan Stanley, Research Division Douglas Lee Becker - Capital One Securities, Inc., Research Division Eddie Kim - Unidentified Company Fredrik Stene - Clarksons Platou Securities, Inc., Research Division Gregg William Brody - BofA Securities, Research Division Operator Good day, and thank you for standing by. Welcome to the Borr Drilling Limited Second Quarter 2025 Results Presentation, webcast, and Conference Call.
Borr Drilling's Q1 report was weak, with revenue and EBITDA down, but the business remains stable and the balance sheet is healthy. Market headwinds, short-term contracts, and suspended dividends reflect macro uncertainty, not company-specific issues, creating a transitional year for Borr. Management is considering share buybacks due to the low share price, and expects improved EBITDA and higher dayrate coverage in coming quarters.
| Oil, Gas & Consumable Fuels Industry | Energy Sector | Bruno Morand CEO | XMUN Exchange | BMG1466R1732 ISIN |
| BM Country | 2,087 Employees | 16 Dec 2024 Last Dividend | 14 Dec 2021 Last Split | 22 May 2018 IPO Date |
Borr Drilling Limited is a prominent entity in the global offshore drilling sector, offering its services primarily in the shallow-water environments conducive to oil and gas extraction processes. With its operations spreading worldwide, the company has carved a niche for itself as a reliable contractor for the oil and gas industry. Its operations revolve around owning, contracting, and operating jack-up drilling rigs, which are essential for executing operations in shallow water areas. Established initially as Magni Drilling Limited, the firm underwent a rebranding phase to become Borr Drilling Limited in December 2016. Since its incorporation in 2016 and being based in Hamilton, Bermuda, Borr Drilling has committed itself to support the exploratory and productive activities of various clients, including integrated oil companies, state-owned national oil companies, and independent oil and gas companies.
Borr Drilling Limited specializes in the provision of jack-up drilling rigs. These rigs are crucial for operations in shallow-water areas and are designed to offer stability and efficiency during drilling operations. They enable the company to conduct oil and gas drilling and workover operations, ensuring that exploration and production activities are carried out effectively and safely.
In addition to drilling rigs, Borr Drilling provides the necessary equipment and qualified work crews needed for successful drilling operations. This comprehensive service package allows the company to cater to the specific requirements of its clients, ensuring that all aspects of the drilling process, from equipment to manpower, are of the highest quality and meet industry standards.