The earnings call highlighted Borr Drilling's strong operational performance, successful contract extensions, and positive financial position. However, challenges related to sanctions and collections in Mexico were noted, along with an expected decrease in operating days for Q4 2025. The overall market outlook remains optimistic, with signs of demand inflection in key regions.

Company Guidance

During the Borr Drilling Limited Q3 2025 earnings call, CEO Bruno Morand highlighted the company's strong performance with 23 out of 24 rigs active, leading to a $9.4 million increase in revenue quarter-over-quarter and a 2% rise in adjusted EBITDA to $135.6 million, achieving a margin of 48.9%. Operational metrics were strong, with technical utilization at 97.9% and economic utilization at 97.4%. Following the quarter's end, the company announced three contract extensions in Mexico and received $19 million in collections during September and October. The company expanded its footprint into the Gulf of America and Angola, while predicting a full-year 2025 adjusted EBITDA between $455 million and $470 million. Despite anticipated fewer operating days in Q4 2025 due to rig transitions and sanction-induced contract terminations, Borr Drilling remains optimistic about tightening market conditions and increasing jack-up demand in key regions like Saudi Arabia and Mexico.

Strong Operational Performance

23 of 24 rigs active, with technical utilization of 97.9% and economic utilization of 97.4%. Revenue increased by $9.4 million quarter-over-quarter, and adjusted EBITDA rose 2% to $135.6 million with a margin of 48.9%.

Successful Contract Extensions and New Commitments

Announced 3 contract extensions in Mexico, expanding Borr Drilling's footprint into the Gulf of America and Angola. Secured 22 new commitments, adding $625 million to the backlog.

Improved Financial Position

Free cash position at the end of Q3 was $227.8 million, with total available liquidity of $461.8 million. Net cash provided by financing activities was $97.2 million due to net proceeds from a July 2025 equity offering.

Positive Market Outlook

Increased jack-up demand across international markets, with signs of demand inflection in Saudi Arabia and Mexico. Full year 2025 adjusted EBITDA expected in the range of $455 million to $470 million.

Borr Drilling (BORR) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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BORR Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 27, 2026	2025 (Q4)	-0.02 / -	0.1	―	―	―
Nov 05, 2025	2025 (Q3)	0.08 / 0.10	0.04	150.00% (+0.06)
Aug 13, 2025	2025 (Q2)	0.10 / 0.14	0.12	16.67% (+0.02)
May 21, 2025	2025 (Q1)	-0.07 / -0.07	0.06	-216.67% (-0.13)
Feb 19, 2025	2024 (Q4)	0.10 / 0.10	0.11	-9.09% (>-0.01)
Nov 06, 2024	2024 (Q3)	0.09 / 0.04	0	―
Aug 14, 2024	2024 (Q2)	0.17 / 0.12	0	―
May 23, 2024	2024 (Q1)	0.14 / 0.06	-0.03	300.00% (+0.09)
Feb 22, 2024	2023 (Q4)	0.06 / 0.11	-0.09	222.22% (+0.20)
Nov 16, 2023	2023 (Q3)	0.08 / 0.00	-0.3	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

BORR Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 05, 2025	$3.03	$3.21	+5.94%
Aug 13, 2025	$2.61	$2.43	-6.90%
May 21, 2025	$1.61	$1.62	+0.62%
Feb 19, 2025	$2.96	$3.02	+2.03%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Borr Drilling Limited (BORR) report earnings?

Borr Drilling Limited (BORR) is schdueled to report earning on Feb 27, 2026, TBA (Confirmed).

What is Borr Drilling Limited (BORR) earnings time?

Borr Drilling Limited (BORR) earnings time is at Feb 27, 2026, TBA (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is BORR EPS forecast?

BORR EPS forecast for the fiscal quarter 2025 (Q4) is -0.02.

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