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Borr Drilling Limited Q4 2025 Earnings Call Summary
Yahoo Finance· 2026-02-19 21:30
Strategic focus has shifted to filling 2026 'white space' while positioning the fleet to capture a projected dayrate recovery in 2027.Operational efficiency remained high with 98.8% technical utilization, though revenue saw a 6.4% sequential decline due to rigs transitioning to lower-rate contracts.Performance in Mexico is stabilizing due to improved government financial measures and Pemex's 34% planned increase in upstream capital expenditure.Acquired five premium rigs from Noble to opportunistically incre ...