Borr Drilling Limited Q2 2025 Earnings Recap

BORR Q2 2025 August 14, 2025

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Borr Drilling reported robust second quarter results, marked by a 24% increase in revenues to $267.7 million and an impressive EBITDA growth of 39% to $133 million, driven by high rig utilization and strong demand.

Earnings Per Share Beat

$0.14 vs $0.10 est.

+46.5% surprise

Revenue Beat

267700000 vs 263816330 est.

+1.5% surprise

Market Reaction

1-Day -4.94%

5-Day +2.06%

30-Day +30.45%

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Key Takeaways

Technical utilization reached 99.6%, with 22 out of 24 rigs active during the quarter.
Secured significant contract wins, enhancing contract coverage to 84% for 2025 at an average day rate of $145,000.
Successfully increased liquidity by $200 million through a comprehensive financing package, including a $102.5 million equity raise.
Generated $106.5 million in free cash flow year-to-date, reflecting continued operational strength and financial discipline.
Positive outlook for third quarter performance, aligning with current market conditions and government-backed initiatives in Mexico.

This summary was generated by AI from the official earnings call transcript and is provided for informational purposes only. It does not constitute financial advice. For the complete transcript and financial data, visit BORR on AllInvestView.

Next Q3 2025