Borr Drilling Limited (BORR) Announces Fourth Quarter 2025 Results

Borr Drilling Limited (NYSE:BORR) is among the 10 Best Oil & Gas Drilling Stocks to Buy.

On February 18, 2026, Borr Drilling Limited (NYSE:BORR) announced $259.4 million in fourth-quarter operating revenue, with a net loss of $1.0 million and adjusted EBITDA of $105.2 million. The corporation saw 98.8% technical utilization and 97.8% economic utilization during the quarter. The firm’s net income for the full year 2025 was $45.0 million, with adjusted EBITDA of $470.1 million. In 2025, the company secured 24 new contract commitments, totaling over 5,000 days and $649 million in dayrate-equivalent backlog.

Borr Drilling Limited (NYSE:BORR) agreed to pay $360 million to Noble Corporation for five premium jack-up rigs, finalized in January 2026. Recent wins brought 2026 fleet coverage to 80% in the first half and 48% in the second half.

On February 25, 2026, Citi analyst Scott Gruber increased Borr Drilling Limited (NYSE:BORR)'s price objective to $6.25 from $6 while maintaining a Neutral rating on the stock.

Borr Drilling Limited (NYSE:BORR) provides offshore drilling services to the oil and gas industry. It works through two segments: Dayrate and Integrated Well Services.

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