Borr Drilling Limited Announces Preliminary Results for the Third Quarter of 2020
Hamilton, Bermuda, November 30, 2020: Borr Drilling Limited (“Borr”, “Borr Drilling” or the “Company”) announces unaudited results for the three and nine months ended September 30, 2020. Highlights in the Third Quarter of 2020• Total operating revenues of $59.2 million, net loss of $61.9 million and Adjusted EBITDA of $(10.1) million for the third quarter of 2020. • The combined Adjusted EBITDA of the four separate Mexican JVs that the Company has ownership in was $45.2 million in the third quarter of 2020, compared to Adjusted EBITDA in the second quarter of 2020 of $30.1