Adj. EBITDA of USD -10.6m below consensus at USD -3.2m
Deviation due to retroactive standby rates in the JV
17 fixtures YTD at an average dayrate of USD ~85,600
Soft Q1, but offset by backlog additions and high cash collection in the JV
31 May 2021
Arctic Credit FLASH: Borr Drilling - Q1 negatively impacted by the JV
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Arctic Credit FLASH: Borr Drilling - Q1 negatively impacted by the JV
Borr Drilling Limited (B2W:FRA) | 0 0 0.0%
- Published:
31 May 2021 -
Author:
Sebastian Grindheim -
Pages:
7 -
Adj. EBITDA of USD -10.6m below consensus at USD -3.2m
Deviation due to retroactive standby rates in the JV
17 fixtures YTD at an average dayrate of USD ~85,600
Soft Q1, but offset by backlog additions and high cash collection in the JV