Borr (BORR)
Contracts modern jack-up rigs for shallow-water oil and gas drilling.
Something off on this page? Send us feedback.
Owns and operates premium jack-up rigs for shallow-water drilling customers, with crews and related equipment contracted mainly to oil and gas producers. Revenue spans Southeast Asia, West Africa, the Americas, the Middle East and North Africa, and Europe, while the business reports as a single fleet-managed segment.
Owns, contracts, and operates premium jack-up rigs for shallow-water drilling work. The service layer includes rig contracting, drilling and workover support with crews and equipment, bareboat-charter arrangements, and integration of acquired rigs into a single reportable segment.
Operations are international, with revenue spread across Southeast Asia, West Africa, the Americas, the Middle East and North Africa, and Europe. Customers include integrated oil companies, national oil companies, and independent exploration and production companies.
Execution depends on rig availability, location, technical capability, pricing, workforce experience, operating efficiency, and customer relationships. Demand is shaped by shallow-water activity, dayrates, utilization, customer credit, regional conditions, and competing jack-up supply.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 17, 2026 | SEB Enskilda | Target | Target: $2.40 | Target: $3.55 |
| Jun 30, 2026 | Capital One Financial | Target | Target: — | Target: $6 |
| Jul 14, 2025 | BTIG | Downgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $224.6M · Total debt $2.49B · Total assets $3.70B · Shareholders' equity $961.6M
- Revenue
- $232.3M
- Operating income
- $300.0K
- Net income
- −$241.4M
HistoryDividendAnnual yield
| Institutions | ≈ 36.92% | 113.43M ADS | |
|---|---|---|---|
| 202 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 22.99% | 70.63M ADS | |
| 11 holders · as of Sep 18, 2026 | |||
| Strategic holders | 8.18% | 25.12M ADS | |
| 1 holder · as of Feb 17, 2026 | |||
| Other | ≈ 31.91% | 98.03M ADS | |
| remainder | |||
307.22M ADS as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Thiago MordehachviliInsiderdirector | 12.43% | 38.20M ordinary | filed Jun 10, 2026 |
cobas asset management, sgiic, s.a.Institution | 10.20% | 31.33M | filed Aug 17, 2026 |
Tor Olav TroimInsiderdirector | 9.97% | 30.62M ordinary | filed Sep 18, 2026 |
Azvalor Asset Management Sgiic SAInstitution | 9.31% | 28.61M | filed Nov 25, 2025 |
Drew Holdings Ltd.Strategic | 8.18% | 25.12M | filed Feb 17, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 18, 2026 | De Oliveira Bruno Morand | officer: Chief Executive Officer | +45,500 | $4.40 |
| Sep 17, 2026 | Tor Olav Troim | director | +150,000 | $4.38 |
| Sep 16, 2026 | Tor Olav Troim | director | +1,000,000 | $4.30 |
| Sep 3, 2026 | Harvey Edward Snowling | officer: Chief Operating Officer | −25,877 | $4.80 |
| Sep 3, 2026 | Jehan Mawjee | officer: Chief Accounting Officer | −10,903 | $4.80 |
