Borr Drilling Limited
boothcheck covers Borr Drilling Limited (BORR) but does not put one priced-in number on it: here the defensible answer is the evidence rather than a point estimate. boothcheck publishes no house fair value, target price, or buy/sell rating. Narrative composed July 29, 2026.
• Borr runs a single-purpose fleet of premium jack-up rigs contracted on a dayrate basis, and the FY2025 20-F describes the whole company as ⟦a single operating segment, our dayrate segment⟧, so nothing in the business diversifies away a shallow-water spending pause. • Contract backlog fell to 962.9 million dollars covering 20 rig years, from 1,330.6 million and 26 rig years a year earlier, while technical utilization slipped from 90.8 percent to 80.0 percent. • Interest coverage of 1.4 times op
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182 institutional managers reported holding BORR in 13F filings for the quarter ended 2026-03-31. Together they hold about 42% of the company; the top 10 hold 21%. 35 opened new positions that quarter. Held by BlackRock, Goldman Sachs, D. E. Shaw, among others. On the short side, 27.8M shares were sold short as of the 2026-06-15 count, about 11% of shares outstanding (3.1 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
BORR's share count grew 94.7% over the past five years even with $21.10M spent on repurchases. It pays a dividend, and has for 2 years running; the current rate is $0.02 a share annually. Cash returned over the past three years: $133.40M in dividends and $21.10M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at BORR over the trailing three years: 2026: 5 buys totaling $11.37M. 13 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 29, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.