Highlights
- Whole working revenues of
$234.0 million , a rise of$13.4 million or 6% in comparison with the fourth quarter of 2023. - Web earnings of
$14.4 million , a lower of$14.0 million in comparison with the fourth quarter of 2023. - Adjusted EBITDA of
$116.8 million , a rise of$5.3 million or 5% in comparison with the fourth quarter of 2023. - Raised
$200 million of further principal quantity of debt beneath the 2028 Senior Secured Notes. - 12 months thus far of report, the Firm has been awarded eleven new contract commitments, representing 1,743 days and
$318 million of potential contract income, together with 5 new contract commitments signed after the tip of the primary quarter of 2024. - On
Might 22, 2024 , the Board declared a rise in money dividend to$0.10 per share for the primary quarter of 2024 to be paid on or aboutJune 17, 2024 .
CEO,
“The primary quarter outcomes have been sturdy, pushed by strong operational efficiency with technical utilization coming in at 99.0% and financial utilization at 98.6%, holding us proper on monitor to fulfill our annual plan. We completed the quarter with all 22 delivered rigs working, nonetheless after the shut of the quarter, the contract for one in all our rigs, “Arabia I” in
On the contracting entrance, we proceed to ship sturdy outcomes, securing
Given the excessive utilization of our rigs and restricted close to time period availability, we’re working carefully with our clients to optimize the deployment of our fleet to finest serve their necessities. As such, it’s our expectation that the newbuild rig “Vali”, to be delivered from the shipyard by the tip of 2024, will instantly be a part of the operational fleet to cowl this work scope.
On the again of the sturdy operational efficiency and the constructive market outlook, the board has authorized a rise of the quarterly dividend to
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https://information.cision.com/borr-drilling-limited/r/borr-drilling-limited-announces-first-quarter-2024-results,c3986507
The next information can be found for obtain:
https://mb.cision.com/Public/16983/3986507/a91a2415120c28cb.pdf |
Borr Drilling Restricted Fleet Standing Report Q1-24 |
https://mb.cision.com/Public/16983/3986507/8a7f0660804b7c58.pdf |
Borr Drilling Restricted Q1-24 Earnings Launch |