NYSE$BORR

Borr Drilling Ltd · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

BORR Q4 2023 — $62.0M revenue

Numerous factors could cause our actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or impli. Borr Drilling Ltd reported Q4 2023 results. Net income of $21.8M. Headline numbers extracted from the Form 6-K press release; narrative is light because this row was processed without an LLM call.

  • Revenue: $62.0M.
  • Net income: $21.8M.
  • Operating income: $85.

Headline financials

Total Revenue

$221M

Previous: $149M+48.5%
EPS (adj)

$0.11

Previous: -$0.09+222.2%
Capital Expenditures

-$33.2M

No prior period
Net Income

$28.4M

Previous: -$21.3M+233.3%
Operating Income

$80.5M

Previous: $15.4M+422.7%
Gross Profit

$91.3M

Previous: $120M-24.1%
Stock-Based Comp

$5.6M

Previous: $2.6M+115.4%

Revenue & EPS history

Borr Drilling · Revenue · Quarterly

$221M

Q4 2023+48.5%vs Q4 2022
Beat estimate in 9 of 12 quarters(75%)
ActualEstimate

Revenue by segment

Borr Drilling · $217M total across 3 segments · Q1 2025

  • Dayrate revenue
    $202M
  • Bareboat charter revenue
    $7.6M
  • Management contract revenue
    $6.8M

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q4 2023

Historical avgQ4 2023

+1.7%

Avg return

Earnings day

+0.4%

Avg return

5 days after

-0.3%

Avg return

30 days after

44%

14 / 32 earnings

Positive

+21.8%

Q1 2022

Best reaction

-27.9%

Q4 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.0%-10.5%-25.0%
Q4 2025+3.5%+0.7%-21.5%
Q3 2025+5.9%+6.2%+26.2%
Q1 2025+0.6%+8.7%+29.2%
Q4 2024+2.3%-7.0%-21.8%
Q2 2024+2.8%-5.7%-15.6%
Q4 2023-4.2%-4.3%+5.3%
Q3 2023-0.7%+2.1%+12.5%
Q2 2023-8.7%-9.7%-4.7%
Q1 2023+2.5%-1.8%-8.9%
Q4 2022+2.4%-3.5%-4.1%
Q3 2022-4.9%-3.9%-14.5%
Q2 2022-8.3%-3.4%-9.2%
Q1 2022+21.8%+28.2%-8.3%
Q4 2021-4.1%-8.7%+38.5%
Q3 2021+20.2%+22.9%-12.7%
Q2 2021+15.6%+13.3%+18.5%
Q1 2021-0.9%+6.2%-11.6%
Q4 2020-3.0%-5.8%-14.0%
Q3 2020-7.9%+0.3%-2.7%
Q2 2020-6.0%-12.0%-27.3%
Q4 2018+17.7%+10.9%-27.0%
Q4 2017+17.7%+10.9%-27.0%
Q1 2020+17.9%+24.2%+166.2%
Q4 2019-27.9%-43.3%-82.8%
Q3 2019-3.9%-3.5%+30.5%
Q2 2019+11.7%-0.4%+4.4%
Q1 2019-0.4%
Q3 2018-0.5%
Q2 2018-1.5%
Q1 2018-1.6%
Q3 2017+0.0%
Q2 2017
Q1 2017

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