Borr Drilling is an offshore drilling contractor that owns and operates a modern fleet of jack-up rigs used for shallow-water oil and gas drilling. Customers are primarily international and national oil companies that charter rigs under day-rate contracts. The business is capital-intensive and cyclical, with utilization and day rates driven by offshore exploration and production activity.
| Quarter | Revenue | YoY % | Earnings | YoY % |
|---|---|---|---|---|
| Q1 2025 | 216.6 | — | -16.9 | — |
| Q2 2025 | 267.7 | — | 35.1 | — |
| Q3 2025 | 277.1 | — | 27.8 | — |
| Q4 2025 | 259.4 | — | -1 | — |
| Q1 2026 | 247 | 14% | -29 | — |
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