Borr Drilling Limited – Updated 2022 and 2023 guidance
Hamilton, Bermuda, 24 January 2023 Borr Drilling Limited (the “Company”) (NYSE and OSE: “BORR”) is pleased to announce updates to its preliminary Revenue and EBITDA guidance for 2022 and 2023. For 2022, Borr Drilling expects to record revenues of $435-$450 million and adjusted EBITDA of $152-$162 million* (previous guidance was revenue between $375-$400 million and Adjusted EBITDA of $115-140 million). This implies estimated Q4 2022 Revenues between $140 – $155 million, and Q4 2022 Adjusted EBITDA of between $50-$60 million. For 2023, based on current contracts and projections for