Borr Drilling (BORR) has released an update.
Borr Drilling Limited reported a decrease in operating revenues and net income for the third quarter of 2024 but maintained a strong operational performance with high utilization rates. The company anticipates contract opportunities with higher day rates and has continued its shareholder returns through dividends and share buybacks. Despite market uncertainties, Borr is well-positioned with a young fleet and a high percentage of its rigs contracted through 2025.
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