Borr Drilling Limited Announces Preliminary Results for the Second Quarter of 2021
Hamilton, Bermuda, August 31, 2021: Borr Drilling Limited (“Borr”, “Borr Drilling” or the “Company”) announces preliminary unaudited results for the three and six months ended June 30, 2021. Highlights second quarter of 2021 · Total operating revenues of $54.8 million, an increase of 13% compared to the first quarter of 2021 · Net loss of $59.9 million, an increase of $5.5 million compared the first quarter of 2021, impacted by a $21.7 million decrease in income from equity method investments, mainly related to the IWS JVs in Mexico · Adjusted EBITDA of $3.7 million, an