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Borr Drilling ( (BORR) ) has shared an update.
Borr Drilling reported fourth-quarter 2025 operating revenues of $259.4 million and a small net loss of $1.0 million, with adjusted EBITDA of $105.2 million, reflecting lower day rates and sanctions-related contract terminations. For full-year 2025, net income fell to $45.0 million and adjusted EBITDA to $470.1 million, but utilization remained high and the company secured 24 new contract commitments worth $649 million in backlog.
To strengthen its fleet and capture a recovering jack-up market, Borr acquired five premium rigs from Noble Corporation for $360 million, funded through new senior secured notes and an $84 million equity offering. Management said contract coverage is rising into 2026, industry tendering is at multi-year highs—particularly in the Middle East and Mexico—and the expanded premium fleet is expected to enhance earnings visibility and support long-term shareholder value as market fundamentals improve into 2027.
The most recent analyst rating on (BORR) stock is a Hold with a $6.00 price target. To see the full list of analyst forecasts on Borr Drilling stock, see the BORR Stock Forecast page.
More about Borr Drilling
Borr Drilling Limited is an offshore drilling contractor specializing in premium jack-up rigs used primarily for shallow-water oil and gas exploration and production. The company focuses on international markets, with significant exposure to regions such as the Middle East and Mexico, where demand for high-specification jack-up rigs and long-term contracts is gradually improving.
Average Trading Volume: 5,562,625
Technical Sentiment Signal: Buy
Current Market Cap: $1.73B
For a thorough assessment of BORR stock, go to TipRanks’ Stock Analysis page.