Borr Drilling ( (BORR) ) has released its Q3 earnings. Here is a breakdown of the information Borr Drilling presented to its investors.
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Borr Drilling Limited is an international drilling contractor specializing in modern jack-up rigs for the offshore oil and gas industry, with operations worldwide. In the third quarter of 2025, Borr Drilling reported a 4% increase in total operating revenues to $277.1 million, though net income decreased by 21% to $27.8 million compared to the previous quarter. The company achieved an adjusted EBITDA of $135.6 million, reflecting a 2% rise, and secured 22 new contract commitments, adding over 4,820 days and $625 million in potential revenue. Borr Drilling’s strategic moves included contract extensions in Mexico and new commitments in the Gulf of America and Angola, expanding its market presence. Looking ahead, the company anticipates fewer operating days in the fourth quarter due to contract transitions but expects full-year adjusted EBITDA to range between $455 million and $470 million. Management remains optimistic about market conditions improving, driven by increased demand in key regions like Saudi Arabia and Mexico.