Borr Drilling (BORR) has released an update.
Borr Drilling Limited reported preliminary results for Q3 2024, highlighting expected operating revenues of $242 million and an adjusted EBITDA of $116 million. The company anticipates a decrease in operating income due to factors like contract terminations and changes in related party revenues. Despite challenges, future earnings could benefit from higher dayrates and new contracts anticipated to start by early 2025.
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