Borr Drilling shareholders can vote at its May 20 annual meeting
Borr Drilling (NYSE/Euronext Growth Oslo: BORR) has scheduled its Annual General Meeting (AGM) for Wednesday, May 20, 2026. The record date for shareholders entitled to vote has been set for April 7, 2026. Documents for the meeting, including the 2025 Annual Report on Form 20-F, are available on the company's website, with options to request hard copies.
Borr Drilling Sets May 20, 2026, Date for Annual General Meeting
Borr Drilling has scheduled its 2026 Annual General Meeting of Shareholders for May 20, 2026, with April 7, 2026, set as the record date for shareholder notices and voting rights. The company will distribute AGM materials and make its 2025 annual report available online and via hard-copy request to ensure transparency and shareholder engagement. This announcement is a routine yet crucial step in Borr Drilling’s corporate governance and compliance.
Borr Drilling Limited - Notice of Annual General Meeting
Borr Drilling Limited announced that its Annual General Meeting of Shareholders will take place on Wednesday, May 20, 2026. The record date for shareholder eligibility to vote was fixed as the close of business on April 7, 2026. Shareholders can access the Notice of the Annual General Meeting, Form of Proxy, and the company's annual report on Form 20-F for 2025 via their website or by requesting a hard copy.
Borr Drilling secures offshore contracts for 2026
Borr Drilling has secured new contracts and extensions for four of its jackup rigs — Prospector 5, Ran, Joro, and Thor — consolidating its presence in key offshore markets. These agreements secure operational activity through 2026 in Africa, the Americas, Europe, and Asia, signaling sustained demand for shallow-water jackup rigs. This move strengthens Borr Drilling's global strategy of high asset utilization and geographic diversification, providing greater operational visibility and a robust contract portfolio.
A Look At Borr Drilling (BORR) Valuation After New Global Jack Up Contract Wins
Borr Drilling (BORR) has secured new contract commitments and extensions for four jack-up rigs across various regions, expanding its backlog. Despite a significant 1-year total shareholder return and the share price aligning with analyst targets, the market's valuation narrative suggests Borr Drilling is only modestly undervalued at $5.84, cautiously pricing in growth while acknowledging risks from jack-up oversupply and short-duration contracts. The company's high P/E ratio of 39.9x, compared to an industry average of 26x, raises questions about its valuation.
Borr Drilling (NYSE:BORR) Upgraded to Hold at Wall Street Zen
Wall Street Zen has upgraded Borr Drilling (NYSE:BORR) from a "sell" to a "hold" rating, though overall analyst sentiment remains mixed with a consensus of "Reduce". The company recently surpassed Q4 earnings estimates, reporting $0.00 EPS against a ($0.03) consensus and $259.4 million in revenue. Institutional investors hold a significant stake of 83.12%, with several firms increasing or initiating positions.
How New Multi-Region Rig Awards and Extensions Will Impact Borr Drilling (BORR) Investors
Borr Drilling recently secured new contract commitments and extensions for four premium jack-up rigs across various regions, extending their utilization into 2026. This boosts the company's backlog visibility and reinforces the demand for its modern shallow-water fleet. Investors should consider these developments in light of existing risks such as debt, day rate sensitivity, and potential working capital strain in certain markets like Mexico.
Borr Drilling Discloses Executive Chairman’s Share Transaction Under MAR Rules
Borr Drilling has announced a share transaction involving its Executive Chairman, Patrick Schorn, in compliance with Norwegian and EU market abuse regulations. This disclosure emphasizes the company's commitment to transparency regarding insider dealings for the benefit of shareholders and market participants. The company, which is dual-listed on the NYSE and Euronext Growth Oslo, maintains investor confidence through stringent regulatory compliance.
How New Multi-Region Rig Awards and Extensions Will Impact Borr Drilling (BORR) Investors
Borr Drilling recently secured new contract commitments and extensions for four jack-up rigs across various global regions, enhancing its future workload visibility into 2026. These awards, including a significant multi-well award in Gabon and an extension in Mexico, reinforce the demand for Borr Drilling's modern shallow-water fleet. Investors should consider how these developments interact with existing concerns regarding the company's leverage, day rate sensitivity, and potential working capital strain.
Borr Drilling Announces New Rig Contracts for 2026 in West Africa, Americas, Europe & Asia - News and Statistics
Borr Drilling has secured new contracts and extensions for four of its jackup rigs in West Africa, the Americas, Europe, and Southeast Asia, with all commitments beginning in 2026. The Prospector 5 will work for BW Energy in Gabon, the Ran received an extension with Eni in Mexico, the Joro had its contract extended by its current operator in Europe, and the Thor secured a new contract with an undisclosed operator in Vietnam. These agreements ensure the rigs remain operational throughout much of 2026, building on their existing commitments.
Borr Drilling Discloses Executive Chairman’s Share Transaction Under MAR Rules
Borr Drilling announced a share transaction by its Executive Chairman, Patrick Schorn, ensuring compliance with Norwegian and EU market abuse and securities trading regulations. This disclosure emphasizes the company's commitment to transparency for insider dealings affecting shareholders and market participants. The announcement highlights Borr Drilling's adherence to stringent regulatory requirements as a dual-listed company on the NYSE and Euronext Growth Oslo.
Borr Drilling’s rig quartet lines up work in four corners of the world
Borr Drilling has secured new contract commitments for four of its premium jack-up rigs across Africa, Asia, Europe, and the Americas. The Prospector 5 rig will work for BW Energy in Gabon, the Ran rig received an extension with Eni in Mexico, the Joro rig has extensions with Siemens in Germany, and the Thor rig will begin a campaign in Vietnam. These new assignments and extensions solidify Borr Drilling's expanding global footprint.
Borr Drilling adds fresh backlog with four rig deals
Borr Drilling secured new contracts for four of its jackup rigs across West Africa, the Americas, Europe, and Southeast Asia, adding significant backlog. The deals include a binding letter of award for the Prospector 5 in Gabon, an extension for the Ran in Mexico, contract extensions for the Joro, and a binding letter of award for the Thor in Vietnam. These agreements ensure continued deployment for the rigs into late 2026 and beyond, with options for further extensions.
Borr Drilling (BORR) secures new jack-up rig work and extensions into 2026
Borr Drilling Limited announced new contract commitments and extensions for four of its jack-up rigs across various regions for 2026. These include the Prospector 5 in West Africa, the Ran in Mexico, the Joro in Europe, and the Thor in Southeast Asia, extending their operational backlogs. While specific financial terms like dayrates were not disclosed, these agreements enhance fleet utilization and geographic diversification.
Borr Drilling’s Southeast Asia Push Signals Offshore Rebound as Gulf Coast Struggles
Borr Drilling is strategically shifting its operations away from the struggling US Gulf Coast, securing new drilling contracts primarily in Southeast Asia, the Middle East, and Africa. This move has significantly boosted its fleet utilization to 25 out of 29 rigs and increased its backlog to $1.2 billion, leading to a substantial 52.4% jump in share price over 90 days. The company recently acquired five premium jack-up rigs for $287 million, a long-term bet on expanding demand despite immediate financial costs and the need to efficiently deploy these currently inactive assets to service new debt and maintain profitability.
Borr locks in four offshore rigs, extending work into late 2026
Borr Drilling announced new contract commitments and extensions for four of its premium jack-up rigs across West Africa, the Americas, Europe, and Southeast Asia. These agreements, which include both binding letters of award and extensions, secure work for rigs like Prospector 5, Ran, Joro, and Thor, extending their operations into late 2026. The new commitments improve short-term utilization for Borr Drilling's fleet and follow recent positive financial results and an acquisition.
Borr Drilling (BORR) to acquire five premium jack-up rigs in $287M JV deal
Borr Drilling has announced a joint venture agreement to acquire five premium jack-up rigs for $287 million, significantly expanding its fleet. This strategic acquisition is set to enhance Borr Drilling's market position and operational capabilities in the offshore drilling sector.
Borr Drilling (BORR) to Acquire Five Premium Jack-Up Rigs in $287M JV Deal
Borr Drilling (NYSE:BORR) announced an agreement to acquire five premium jack-up rigs for $287 million through a 50/50 joint venture with its Mexican partner. The deal, expected to close in Q3 2026, involves rigs currently in Mexico and will be financed through a seller's credit and cash contributions from both partners. An analyst recently downgraded BORR to "Hold" due to valuation, while the company also provided an operational update following hostilities in the Arabian Gulf.
Borr Drilling Limited (NYSE:BORR) Short Interest Up 23.2% in March
Short interest in Borr Drilling Limited (NYSE:BORR) increased by 23.2% in March, reaching 16,876,256 shares, representing 5.8% of the stock. Analysts currently hold a "Reduce" consensus rating with a target price of $4.33, although Citigroup recently raised its target to $6.25. Institutional ownership is substantial at 83.12%, with significant activity from firms like Millennium Management.
Borr Drilling (BORR) to Acquire Five Premium Jack-Up Rigs in $287M JV Deal
Borr Drilling Limited (NYSE:BORR) announced an agreement to acquire five premium jack-up rigs for $287 million through a 50/50 joint venture with its well construction partner in Mexico. The deal involves two Friede & Goldman JU-2000E units and three LeTourneau Super 116-C units, currently located in Mexico. The acquisition will be financed through a $237 million non-recourse seller's credit and $25 million cash contributions from each partner, with closing expected in Q3 2026.
COLUMN | Loose ends? Suspensions update: Paratus and Borr Drilling; what could be next in Venezuela; DP World's latest mess [Offshore Accounts]
This column discusses three main "loose ends" in the offshore and geopolitical landscapes. It first examines the ongoing rig suspensions in the Arabian Gulf due to regional conflicts, specifically noting ADES' announcement and potential risks to Saudi Aramco contractors. Secondly, it details Borr Drilling's strategic move to acquire five jackup rigs from Fontis in Mexico, consolidating its position in the region despite Pemex's payment issues. Lastly, the article critiques DP World's controversial joint venture with Rosatom in Russia, highlighting the poor optics and risks associated with engaging with a Russian state-owned entity during the ongoing war in Ukraine.
Borr Drilling (NYSE:BORR) Q4 Margin Squeeze Tests Bullish Rig Demand Narrative
Borr Drilling (NYSE:BORR) reported Q4 FY 2025 revenue of US$259.4 million and a net loss of US$1 million, with trailing 12-month revenue of US$1.0 billion and net income of US$45 million. The company's trailing net profit margin has decreased from 8.1% to 4.4%, challenging bullish narratives around strong rig demand and a young fleet supporting higher margins. Despite a high P/E ratio of 41.4x and weak interest coverage, analysts forecast significant earnings growth, though current margins and leverage raise concerns about the sustainability of this valuation.
Borr Drilling Limited $BORR Stake Boosted by Tudor Investment Corp ET AL
Tudor Investment Corp ET AL significantly increased its stake in Borr Drilling (NYSE:BORR) by 77.7% in Q3, now owning 657,411 shares worth $1.77 million. Despite institutional investors holding 83.12% of the company, analyst sentiment is cautious with a "Reduce" consensus rating and an average price target of $4.33, following several downgrades to "Sell," though Citigroup raised its target to $6.25 with a "Neutral" rating. Borr Drilling recently surpassed earnings expectations, reporting flat EPS against a -$0.03 estimate and $259.4 million in revenue against a $238.65 million estimate, with the stock trading near its 52-week high at $6.04.
Borr Drilling (NYSE:BORR) Q4 Margin Squeeze Tests Bullish Rig Demand Narrative
Borr Drilling (NYSE:BORR) reported mixed Q4 FY 2025 results with US$259.4 million revenue and a small net loss of US$1 million, bringing annual revenue to US$1 billion and net income to US$45 million. The article highlights a significant dip in trailing net profit margin from 8.1% to 4.4%, challenging the bullish narrative of strong rig demand and margin strength. Despite growth forecasts, weak interest coverage and a high P/E ratio of 41.4x raise concerns about the company's financial footing and future profitability for shareholders.
Borr Drilling Expands Mexican Presence With Joint Venture Rig Acquisition
Borr Drilling has expanded its presence in Mexico by acquiring five premium jack-up rigs through a new 50/50 joint venture with a long-term partner. The $287 million deal is largely funded by a non-recourse seller's credit, with each partner contributing $25 million in cash. This strategic move aims to diversify Borr Drilling's geographic exposure and fleet profile while leveraging a structured financing approach.
Borr Drilling (NYSE:BORR) Lowered to Sell Rating by Wall Street Zen
Borr Drilling (NYSE:BORR) was downgraded from a "hold" to a "sell" rating by Wall Street Zen, despite beating Q4 EPS estimates and exceeding revenue expectations. The stock is currently trading near its one-year high, with a market capitalization of $1.9 billion. Institutional ownership of Borr Drilling is notably high at 83.12%, reflecting significant hedge fund and institutional investor interest.
BORR SEC Filings - BORR DRILLING LTD 10-K, 10-Q, 8-K Forms
This page serves as a comprehensive resource for investors and traders to access official regulatory documents for Borr Drilling Ltd. (NYSE: BORR), including 10-K, 10-Q, 8-K, and 6-K filings. It highlights the company's business as an offshore shallow-water drilling contractor and provides details on its financial reports, capital markets transactions, and operational disclosures, complemented by AI-powered summaries of key filing points.
Borr Drilling Expands Mexican Presence With Joint Venture Rig Acquisition
Borr Drilling (NYSE:BORR) has announced a new 50/50 joint venture to acquire five premium jack-up rigs in Mexico, significantly expanding its presence in the region's offshore drilling market. The US$287 million deal is largely funded by a non-recourse seller’s credit, with Borr and its partner each contributing US$25 million in cash. This strategic move aims to diversify their fleet, but also introduces considerations around potential debt impact and exposure to Mexican market risks.
Borr Drilling Limited - Filing of 2025 Annual Report on Form 20-F
Borr Drilling Limited announced the filing of its 2025 Annual Report on Form 20-F with the U.S. Securities and Exchange Commission (SEC). The Annual Report covers the financial year ending December 31, 2025, and is accessible on both the SEC's website and the investor section of Borr Drilling's company website. Borr Drilling is an international drilling contractor specializing in shallow-water segments for the offshore oil and gas industry.
Borr Drilling Limited - Filing of 2025 Annual Report on Form 20-F
Borr Drilling Limited announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2025, with the U.S. Securities and Exchange Commission (SEC). The report is available on the SEC's website and the company's investor section. Borr Drilling is an international drilling contractor specializing in shallow-water segments for the offshore oil and gas industry.
Borr Drilling posts its 2025 annual report on SEC, company sites
Borr Drilling (NYSE: BORR) filed its 2025 Annual Report on Form 20-F with the U.S. Securities and Exchange Commission on March 26, 2026, covering the year ended December 31, 2025. The report, which is also available on the company's website, includes key financial figures such as 307.2 million shares outstanding, a contract backlog of $962.9 million, and a fleet size of 29 rigs. This filing provides comprehensive financial data, backlog information, and risk disclosures for investors.
Borr Drilling (BORR) director buys 500K shares at $5.1958
Borr Drilling Ltd director Tor Olav Trøim indirectly purchased 500,000 common shares at $5.1958 per share through Drew Holding Ltd., a trust where he is the beneficiary. This transaction increased Drew Holding Ltd.'s holdings to 25,622,941 common shares for his benefit, while Trøim also directly holds 81,867 shares, including restricted stock units vesting in September 2026. The purchase was reported via an SEC Form 4 and is considered a positive indicator for the company.
[Form 3/A] Borr Drilling Ltd Amended In...
Borr Drilling Ltd director Rabun Daniel Wayne has reported an amended beneficial ownership of 104,423 common shares, including 54,545 restricted stock units (RSUs). These RSUs are set to vest on September 30, 2026, contingent on his continued service as a director. The amendment solely presents holding information and does not indicate any new share transactions.
[Form 3/A] Borr Drilling Ltd Amended Initial Statement of Beneficial Ownership
Borr Drilling Ltd director Jeffrey Currie filed an amended initial statement of beneficial ownership (Form 3/A), reporting ownership of 104,423 common shares. This total includes 54,545 restricted stock units (RSUs) that are set to fully vest on September 30, 2026, contingent on his continued directorship. The amendment clarifies his equity stake and vesting terms rather than reporting new transactions.
Borr Drilling (NYSE: BORR) director discloses 269,547 shares including RSUs
Borr Drilling Ltd director Neil James Glass has filed an amended ownership report, revealing beneficial ownership of 269,547 common shares. This total includes 54,545 restricted stock units (RSUs) that are set to vest on September 30, 2026, provided he continues his service as a director. The filing is categorized as neutral in impact and sentiment, primarily detailing existing holdings rather than new transactions.
Borr Drilling (NYSE: BORR) director reports 25.1M indirect shares and RSUs
Borr Drilling Ltd director Tor Olav Trøim has reported his shareholdings in the company, including 81,867 direct common shares and 54,545 restricted stock units (RSUs) that vest on September 30, 2026. Additionally, he indirectly holds 25,122,941 common shares through Drew Holding Ltd., which is wholly owned by Drew Trust, where he is the beneficiary. This disclosure outlines his total direct and indirect economic exposure to Borr Drilling.
Borr Drilling (NYSE: BORR) SVP updates 79,038-share stake and RSU awards
Borr Drilling's SVP and General Counsel, Lee Charles (Chuck), filed an amended initial ownership report (Form 3/A) detailing his equity in the company. He beneficially owns 79,038 common shares, which include 26,346 restricted stock units (RSUs) vesting on September 1, 2026, 26,346 RSUs vesting on September 1, 2027, and 26,346 RSUs vesting on September 1, 2028, all contingent on continuous employment. This filing clarifies his current holdings rather than reporting a new transaction.
Borr Drilling (NYSE: BORR) director adds 250,000 shares in open-market buy
Borr Drilling director Jeffrey Currie purchased 250,000 common shares in an open-market transaction at $5.31 per share. This transaction increases his direct holdings to 354,423 common shares, which includes 54,545 restricted stock units set to vest in September 2026. The purchase signals positive sentiment with high impact for Borr Drilling (NYSE: BORR).
Borr Drilling (NYSE: BORR) schedules 2026 Annual General Meeting for May 20
Borr Drilling Limited has announced its Annual General Meeting of Shareholders will be held on Wednesday, May 20, 2026. The record date for voting has been set for April 7, 2026, entitling shareholders recorded on this date to vote. Proxy materials and the latest annual report (Form 20-F) will be distributed and made available on the company's website.
Borr Drilling Limited - Notice of Annual General Meeting
Borr Drilling Limited has announced that its Annual General Meeting of Shareholders will take place on Wednesday, May 20, 2026. The record date for voting at this meeting is set for April 7, 2026. Shareholders will receive the Notice of Annual General Meeting and Proxy Form through standard distribution methods, with additional information available on the company's website.
Borr Drilling Sets Date and Record Date for 2026 Annual General Meeting
Borr Drilling (BORR) has announced its Annual General Meeting of Shareholders for May 20, 2026, with April 7, 2026, set as the record date for voting eligibility. This procedural step highlights an important governance event for shareholders to engage in corporate oversight. The company, an offshore drilling contractor, has a recent analyst rating of Buy with a $6.00 price target.
Borr Drilling stock edges up after acquisition of 5 jack-up rigs in Mexico for $287M
Borr Drilling announced the acquisition of five jack-up rigs in Mexico for $287 million, comprising $147 million in cash and $140 million in assumed financial leases. This move is expected to add approximately $600 million to Borr's backlog once the rigs are reactivated and contracted. The acquisition is from a joint venture between Pemex and Grupo R, with financial closing anticipated in the third quarter of 2024.
Borr Drilling Directors Boost Holdings With Significant Share Purchases
Directors of Borr Drilling (BORR) recently acquired a significant number of company shares, signaling strong insider confidence in the company's future. Drew Holding Ltd., associated with director Tor Olav Trøim, bought 500,000 shares, and director Jeffrey Currie purchased 250,000 shares, at average prices of $5.1958 and $5.31 respectively. These transactions, compliant with market abuse regulations, are viewed as a positive indicator for investors regarding the company's prospects and governance.
Borr Drilling Acquires 5 Jackup Rigs in Joint Venture with Mexican Partner - News and Statistics
Borr Drilling is set to acquire five jackup rigs from Fontis Finance for $287 million through a joint venture, BC Ventures Limited, with its Mexican partner. The rigs, currently in Mexico, will be purchased with a financing structure involving a non-recourse sellers credit and cash contributions from both partners. Borr Drilling's CEO anticipates increased demand for jackup rigs and views this acquisition as strategically advantageous due to attractive valuation and lower debt levels.
A Look At Borr Drilling (NYSE:BORR) Valuation After Recent Share Price Swings
Borr Drilling (NYSE:BORR) has seen a 3.6% share price gain recently but a 12.4% decline over the past month, despite strong year-to-date and one-year returns. Currently trading at $5.21, analysts suggest a fair value of $5.84, indicating moderate undervaluation based on expectations of high day rates and utilization from contract momentum. However, concerns regarding jack-up oversupply and short-duration contracts could impact future revenues and margins, and its P/E ratio is higher than industry averages, suggesting less room for error.
BORR SEC Filings - BORR DRILLING LTD 10-K, 10-Q, 8-K Forms
This page provides a comprehensive resource for Borr Drilling Limited (NYSE: BORR) SEC filings, including annual reports (20-F), quarterly reports (6-K), and other material event documents. It highlights the company's business as an offshore shallow-water drilling contractor and details how the filings inform investors about financial performance, operational updates, and capital market transactions. The platform integrates real-time EDGAR updates with AI-powered summaries to help users quickly understand key information.
Borr Drilling Stock Edges Up After Acquisition Of 5 Jack-Up Rigs In Mexico For $287M
Borr Drilling announced the acquisition of five premium jack-up rigs in Mexico from Fontis Finance Ltd. for $287 million, with the deal expected to close in Q3 2026. The acquisition will be financed through a $237 million non-recourse seller's credit and cash contributions from Borr Drilling and its local partner. The company's CEO, Bruno Morand, stated that the rigs were acquired at an attractive valuation and are strategically important given the expected increase in demand for jack-up rigs.
Borr Drilling to acquire five jack-up rigs from Paratus for $287m
Borr Drilling, in a 50:50 joint venture (JV) with Proyectos Globales de Energía y Servicios CME (CME), will acquire five jack-up rigs from Fontis Finance, a subsidiary of Paratus Energy Services, for $287m. The deal involves two Friede & Goldman JU-2000E rigs and three LeTourneau Super 116-C rigs, currently located in Mexico. The acquisition will be financed through a $237m non-recourse seller’s credit and a $25m cash contribution from both partners, with completion expected in Q3 2026.
As Paratus closes its jack-up shop, Borr Drilling’s Mexican JV welcoming five rigs
Paratus Energy Services is divesting its drilling operations and jack-up fleet to Proyectos Globales de Energía y Servicios CME and a new 50/50 joint venture between Borr Drilling and CME. This transaction will see Borr Drilling's JV acquire five jack-up rigs for an attractive valuation, strengthening its position in the Mexican and global shallow-water drilling market. Paratus aims to become a pure-play PLSV company with enhanced strategic and financial flexibility.
Borr Drilling to acquire five jack-up rigs from Paratus for $287m
Borr Drilling, in a joint venture with Proyectos Globales de Energía y Servicios CME (CME), is set to acquire five jack-up rigs from Paratus Energy Services for $287 million. The deal, which involves two Friede & Goldman JU-2000E rigs and three LeTourneau Super 116-C rigs currently located in Mexico, will be financed through a $237 million non-recourse seller's credit and a $25 million cash contribution from both partners. This strategic acquisition aims to strengthen Borr Drilling's position in the shallow-water rig market, anticipating increased demand in Mexico and globally, following a similar purchase from Noble in January 2026.
