Borr Drilling Reports Q1 2025 Results Amid Rig Activity Resumption

Borr Drilling ( (BORR) ) just unveiled an announcement.

Borr Drilling Limited reported its first-quarter 2025 financial results, revealing a decrease in total operating revenues to $216.6 million and a net loss of $16.9 million compared to the previous quarter. The company faced temporary rig suspensions but maintained high operational efficiency with a technical utilization rate of 99.2%. The company resumed operations for several rigs and secured new contracts, increasing its operating rig count to 22, which is expected to enhance financial performance in upcoming quarters. Despite uncertain market conditions, Borr Drilling decided not to pay a dividend to strengthen its balance sheet, while focusing on future opportunities and private investment projects in Mexico.

The most recent analyst rating on (BORR) stock is a Buy with a $9.00 price target. To see the full list of analyst forecasts on Borr Drilling stock, see the BORR Stock Forecast page.

Spark’s Take on BORR Stock

According to Spark, TipRanks’ AI Analyst, BORR is a Neutral.

Borr Drilling’s overall stock score is influenced by strong revenue growth and profitability improvements, yet offset by concerns over high leverage and negative free cash flow. While technical indicators suggest caution, the stock’s valuation is attractive with a low P/E ratio and high dividend yield. The recent earnings call highlighted significant achievements but also pointed out market uncertainties and increased financial expenses.

To see Spark’s full report on BORR stock, click here.

More about Borr Drilling

Borr Drilling Limited is a company operating in the offshore drilling industry, focusing on providing drilling services with a fleet of jack-up rigs. The company is involved in securing contracts for its rigs and has a significant market presence in regions such as Mexico and the North Sea.

Average Trading Volume: 5,604,670

Technical Sentiment Signal: Sell

Current Market Cap: $404.4M

For a thorough assessment of BORR stock, go to TipRanks’ Stock Analysis page.