Brief: Borr Drilling Q3 Net Loss At $54.9 Mln

Borr Drilling

17/11/2022 06:39

Nov 17 (Reuters) - Borr Drilling Ltd  BORR.N :
    * Q3 TOTAL OPERATING REVENUES OF $107.9 MILLION, AN INCREASE
OF
$2.6 MILLION OR 2% COMPARED TO Q2 OF 2022
    * Q3 NET LOSS OF $54.9 MILLION, A DECREASE IN LOSS OF $110.4
MILLION COMPARED TO Q2 OF 2022
    * Q3 ADJUSTED EBITDA OF $43.9 MILLION, AN INCREASE OF $6.9
MILLION
OR 19% COMPARED TO Q2 OF 2022
    * WE EXPECT Q4 REVENUE TO BE WELL OVER 25% HIGHER IN
COMPARISON
WITH Q3.
    * WE CURRENTLY ESTIMATE FY 2022 ADJUSTED EBITDA IN EXCESS OF
THE
HIGHER END OF RANGE OF BETWEEN $115 MILLION AND $140 MILLION

Source text for Eikon:  ID:nWkr52y4RG 
Further company coverage:  BORR.N 
 (Gdansk Newsroom)
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