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Borr Drilling Limited (DE:B2W)
FRANKFURT:B2W
Earnings Data
Report Date
Aug 28, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.08Last Year’s EPS
0.11Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 21, 2025
|% Change Since: 4.83%
|Next Earnings Date:Aug 28, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with notable operational achievements and liquidity improvements. However, there were significant financial challenges, including revenue declines and a net loss, which led to the suspension of the dividend. While the company is securing new contracts and expanding operations, the financial setbacks and market uncertainties present considerable challenges.Company Guidance
During the Q1 2025 results call, Power Tools Limited provided guidance on several key financial metrics. The company reported a decrease in total operating revenue by $46.5 million quarter-over-quarter, resulting in an adjusted EBITDA of $96.1 million. Despite challenges such as temporary rig suspensions, the operational performance remained strong with technical utilization at 99.2% and economic utilization at 97.9% for active rigs. The company highlighted several safety achievements, including awards for outstanding safety performance. Looking forward, Power Tools Limited expects a ramp-up in activity with the operating rig count increasing to twenty-two, laying a foundation for improved financial performance. Liquidity improved with the collection of $120 million in outstanding receivables and $10 million in mobilization fees, with an additional $35 million received post-quarter. The company is comfortable with the Bloomberg consensus estimate of approximately $460 million for adjusted EBITDA in 2025. However, due to uncertain market conditions, the Board has decided to suspend the dividend to reinforce the balance sheet and focus on long-term value creation.High Technical and Economic Utilization
The company's operational performance remained strong with technical utilization at 99.2% and economic utilization at 97.9% for active rigs.
Safety Awards and Recognition
Several rigs received industry and customer recognition for outstanding safety performance, including awards from Qatar Energies, IADC NORC chapter, and PTT EPs.
Liquidity Improvement
The liquidity position improved with approximately $120 million collected in outstanding receivables from Mexico and additional mobilization fees.
Contract Extensions and New Contracts
Borr Drilling secured nine new contract commitments, adding $221 million to the backlog with an average rate of $141,000 per day.
Increased Operating Rig Count
The operating rig count increased to twenty-two, up from sixteen in the first quarter, indicating a ramp-up in activity.
DE:B2W Earnings History
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
DE:B2W Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 21, 2025 | €1.45 | €1.42 | -2.07% |
Feb 19, 2025 | €2.84 | €2.89 | +1.90% |
Nov 06, 2024 | €4.03 | €3.62 | -10.03% |
Aug 14, 2024 | €5.64 | €5.90 | +4.50% |
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 (DE:B2W) report earnings?
Borr Drilling Limited (DE:B2W) is schdueled to report earning on Aug 28, 2025, TBA Not Confirmed.
What is Borr Drilling Limited (DE:B2W) earnings time?
Borr Drilling Limited (DE:B2W) earnings time is at Aug 28, 2025, TBA Not 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 the P/E ratio of Borr Drilling Limited stock?
The P/E ratio of Borr Drilling is N/A.
What is DE:B2W EPS forecast?
DE:B2W EPS forecast for the fiscal quarter 2025 (Q2) is 0.08.