Borr Drilling Limited Announces Preliminary Results for the First Quarter of 2022
Hamilton, Bermuda, May 31, 2022: Borr Drilling Limited (“Borr”, “Borr Drilling” or the “Company”) announces preliminary unaudited results for the three months ended March 31, 2022. Highlights First Quarter of 2022 · Total operating revenues of $82.0 million, an increase of $12.9 million or 19% compared to the fourth quarter of 2021 · Net loss of $51.3 million, an increase of $5.2 million compared to the loss in the fourth quarter of 2021 · Cash and cash equivalents of $50.1 million and restricted cash of $8.2 million at the end of the first quarter of 2022, an increase of $12.