The earnings call highlighted strong financial performance with significant revenue and EBITDA growth, high utilization rates, and successful contract acquisitions. However, challenges remain with delayed collections in Mexico, increased operating expenses, and uncertainty in Saudi operations. Overall, the company shows a positive outlook with strengthened financial positions and strategic leadership transitions.

Company Guidance -

Q3 2025

During the Borr Drilling Limited Second Quarter 2025 Earnings Call, CEO Patrick Schorn highlighted the company's robust performance and future outlook. The second quarter saw technical utilization at 99.6% and economic utilization at 97.8%, with 22 out of 24 rigs active, resulting in a $51.1 million revenue increase and a 39% rise in EBITDA to $133 million compared to the first quarter. The company generated $106.5 million in free cash flow in the first half of the year. New contract awards improved 2025 contract coverage to 84% at an average day rate of $145,000, and 47% coverage at $139,000 for 2026. A $102.5 million equity raise and credit facility amendments boosted liquidity by $200 million. Borr Drilling is on track with the Bloomberg consensus for 2025 adjusted EBITDA of $470 million. The Mexican government's efforts to strengthen Pemex's liquidity should benefit Borr, positioning it to capitalize on increased drilling activity. Looking ahead, the company expects consistent third-quarter performance and remains optimistic about its strategic initiatives under new CEO Bruno Morand.

Strong Revenue and EBITDA Growth

Revenue increased by $51.1 million or 24% to $267.7 million compared to the first quarter. EBITDA rose by $37 million to $133 million, up by 39% versus the first quarter.

High Utilization Rates

Technical utilization was 99.6% and economic utilization was 97.8%, with 22 out of 24 rigs active.

Significant Free Cash Flow Generation

$106.5 million free cash flow was generated in the first 6 months of the year.

New Contracts and Future Coverage

Secured 14 new contract commitments adding $318 million to backlog, with 84% fleet coverage at an average day rate of $145,000 for 2025.

Financial Position Strengthened

Liquidity increased by $200 million through a $102.5 million equity raise and revolving credit facilities, with a pro forma liquidity of approximately $425 million.

CEO Succession Plan

Bruno Morand to succeed Patrick Schorn as CEO effective September 1, with Schorn transitioning to Executive Chairman.

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

Daily Earnings Calendar >

BORR Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 27, 2025	2025 (Q3)	0.08 / -	0.04	―	―	―
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	―
Aug 17, 2023	2023 (Q2)	0.06 / 0.00	-1.085	―

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
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%
Nov 06, 2024	$4.35	$4.02	-7.59%

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 Nov 27, 2025, TBA (Confirmed).

What is Borr Drilling Limited (BORR) earnings time?

Borr Drilling Limited (BORR) earnings time is at Nov 27, 2025, 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 (Q3) is 0.08.

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