BORRNYSEDrilling Oil & Gas WellsUS GAAP · USD

Borr Drilling Ltd

Borr Drilling Ltd is an offshore drilling contractor incorporated in Bermuda and listed in the United States and Norway. The company owns and operates modern jack-up rigs used to drill oil and gas wells and perform workover operations in shallow-water offshore markets worldwide.

Kysy yhtiöstä
Liikevaihto1 021milj. USD
+1,0 %v/v
Liikevoitto (EBIT)322milj. USD
−13,9 %v/v
EBIT-marginaali31,6%
−5,5 %-yks.v/v
Nettotulos45,0milj. USD
−45,2 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

−25002505007501 0001 250milj. USD2020: 308 milj. USD2020: EBIT −188 milj. USD20202021: 245 milj. USD2021: EBIT −88 milj. USD20212022: 444 milj. USD2022: EBIT −102 milj. USD20222023: 772 milj. USD2023: EBIT 250 milj. USD20232024: 1 011 milj. USD2024: EBIT 374 milj. USD20242025: 1 021 milj. USD2025: EBIT 322 milj. USD20251 021322
LiikevaihtoLiikevoitto (EBIT)
Kysy Clarifolta: Borr Drilling Ltd

Liiketoiminta

Osuus liikevaihdosta
Jack-up rig operations70 %

Operation of modern jack-up rigs in shallow-water offshore drilling markets.

Rig chartering15 %

Bareboat charter and related contractual use of rigs under customer arrangements.

Integrated well services10 %

Local operating and well-service structures supporting offshore drilling contracts.

Workover services5 %

Services performed on existing wells to maintain or improve production.

Asiakkaat

Borr Drilling serves oil and gas exploration and production customers that need shallow-water offshore rigs to drill new wells or work over existing wells. The customer base includes national oil companies, international oil companies, and regional operators that contract rigs for multi-month or multi-year campaigns. In some markets, the company also participates through local partnerships or bareboat charter structures that align rig ownership with local operating requirements.

National oil companies

They contract rigs for state-backed offshore drilling campaigns and long-duration field programs.

International oil companies

They buy rig capacity for offshore exploration, development, and workover drilling.

Regional E&P operators

They use jack-up rigs for shallow-water wells where modern fleet availability matters.

Joint venture and local partners

They participate in market entry and operational structures in countries such as Mexico.

Strategia

Borr Drilling’s strategy centers on owning and operating a modern jack-up fleet that can be deployed in shallow-water offshore markets where premium rig capability is valued. The company also uses local partnerships and contractual structures to simplify market access and support growth in selected regions such as Mexico.

Maintain a modern premium jack-up fleetPitkä aikaväli

Fleet quality and specification are central to winning offshore contracts.

Deepen presence in Mexico and similar shallow-water marketsKeskipitkä aikaväli

These markets offer recurring offshore drilling demand and long contract visibility.

Simplify operating structure in-countryLyhyt aikaväli

Simpler structures can improve execution and align local responsibility with operations.

Maantiede

2025

Borr Drilling operates internationally with a fleet deployed across offshore oil and gas markets rather than a single domestic basin. The reports specifically highlight Mexico as an important operating market, while the company states that its rigs are marketed and deployed worldwide in shallow-water regions. Geography matters because rig utilization, contract duration, and local operating structures depend on country-specific offshore regulation, partner relationships, and customer activity.

Americas84 %
Europe16 %

Osuus liikevaihdosta, jonka yhtiö raportoi maantieteellisesti.

Riskit

Borr Drilling is exposed to offshore drilling demand cycles, contract renewal risk, and customer spending decisions tied to oil and gas prices. Its business also depends on asset utilization, rig availability, and safe execution across multiple jurisdictions, while local partnership structures can create operational and counterparty complexity.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Offshore drilling cycle exposure1Contract renewal and redeployment risk2Operational safety and downtime risk3Country and partner execution risk4
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Offshore drilling cycle exposureVaikutus: KorkeaTodennäköisyys: Korkea

    Customer demand for jack-up rigs depends on oil and gas investment activity.

    Kohdistuu: Fleet utilization and dayrate visibility

  2. Contract renewal and redeployment riskVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Rigs must roll from one contract to another without long idle periods.

    Kohdistuu: Contracted revenue and utilization

  3. Operational safety and downtime riskVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Rig accidents, maintenance issues, or technical failures can interrupt operations.

    KohdistuuRig uptimeRepair costsCustomer relationships
  4. Country and partner execution riskVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Operating through joint ventures and local structures can complicate control and economics.

    Kohdistuu: Mexico and similar market structures

Kysy Clarifolta: Borr Drilling Ltd

Kirjanpito

Harkinnanvaraiset erät
Impairment of long-lived assets

Rig values depend on offshore market conditions and future utilization assumptions.

Vaikutus: Can create large non-cash charges if expected cash flows weaken

Fair value of acquired rigs

The company discloses estimates for the fair market value of acquired rigs.

Vaikutus: Affects asset basis, depreciation, and future impairment testing

Collectability of receivables

Customer payment risk must be estimated for drilling and charter contracts.

Vaikutus: Can affect bad debt provisions and reported earnings

Deferred revenue

Contract billings and service timing can create timing differences in revenue recognition.

Vaikutus: Can shift revenue and liability balances between periods

Debt accounting

Long-term notes and related financing structures are significant on the balance sheet.

Vaikutus: Affects interest expense, covenant monitoring, and liquidity presentation

Samankaltaisia listattuja yhtiöitä

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

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Päivitetty: 28.9.2026

Borr Drilling Ltd (BORR) liikevaihto, tulos ja tunnusluvut 2025 – Clarifo