Borr Drilling Limited Announces Fourth Quarter and Full Year 2022 Preliminary Results
Hamilton, Bermuda, February 16, 2023: Borr Drilling Limited (“Borr”, “Borr Drilling” or the “Company”) announces preliminary unaudited results for the three and twelve months ended December 31, 2022. Highlights Fourth Quarter of 2022 · Total operating revenues of $148.6 million, an increase of $40.7 million or 38% compared to the third quarter of 2022. · Net loss of $21.3 million, a decrease in loss of $33.6 million compared to the third quarter of 2022. · Cash and cash equivalents of $108.0 million at the end of the fourth quarter of 2022. · Adjusted EBITDA of $55.1