Borr Drilling Reports Q1 Loss of $29M on $247M Revenue; Shares Up 53%
Borr Drilling reported a first-quarter net loss of $29 million, or nine cents per share, on revenue of $247 million. The company’s shares have gained 53% year-to-date and more than tripled over the past 12 months.
1. Q1 Financial Results
Borr Drilling posted a net loss of $29 million in the first quarter of 2026, equating to a loss of $0.09 per share, on revenue of $247 million.
2. Stock Performance
The company’s shares have climbed 53% since the beginning of the year and have more than tripled over the past 12 months, reflecting increased investor confidence in its drilling services.
3. Investor Presentation Details
A live webcast and conference call is scheduled for 09:00 New York time (15:00 CEST) on May 21, 2026, with a replay to be made available afterwards; questions can be directed to CFO Magnus Vaaler.
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Sources
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