Borr Drilling (BORR) Reports Q1 Revenue of $82M

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Go back to Borr Drilling (BORR) Reports Q1 Revenue of $82M

Borr Drilling Limited Announces Preliminary Results for the First Quarter of 2022

May 31, 2022 1:38 AM EDT

HAMILTON, Bermuda, May 31, 2022 /PRNewswire/ -- Borr Drilling Limited ("Borr", "Borr Drilling" or the "Company") announces preliminary unaudited results for the three months ended March 31, 2022.

Highlights First Quarter of 2022

Total operating revenues of $82.0 million, an increase of $12.9 million or 19% compared to the fourth quarter of 2021Net loss of $51.3 million, an increase of $5.2 million compared to the loss in the fourth quarter of 2021Cash and cash equivalents of $50.1 million and restricted cash of $8.2 million at the end of... More