Revenues of USD 247m (+4% vs. ARCe, -3% vs. cons)Adj. EBITDA of USD 88.5m (-14% vs. ARCe, -3% vs. cons)Announced two new awardsContinues to reiterate favourable market prospectsSlightly negative report - we expect the share to underperform peers today
21 May 2026
Arctic FLASH: Borr Drilling - Softer Q1, but not entirely unexpected
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Arctic FLASH: Borr Drilling - Softer Q1, but not entirely unexpected
Revenues of USD 247m (+4% vs. ARCe, -3% vs. cons)Adj. EBITDA of USD 88.5m (-14% vs. ARCe, -3% vs. cons)Announced two new awardsContinues to reiterate favourable market prospectsSlightly negative report - we expect the share to underperform peers today