Stock Track | Borr Drilling Plunges 5.34% in Pre-Market After Weak Q1 Earnings Miss Estimates

Stock Track05-21

Borr Drilling Ltd's stock experienced a 5.34% plunge in pre-market trading on Thursday, following the release of its first-quarter 2026 financial results.

The offshore drilling contractor reported quarterly results that fell short of analyst expectations, with an EPS loss of $(0.09) missing the $(0.03) consensus estimate by 200%. Revenue of $247 million also came in below the $252.387 million estimate. The company's net loss widened significantly to $29 million from a $1 million loss in the prior quarter, while Adjusted EBITDA dropped 16% to $88.5 million.

Management attributed the weaker performance to the delayed contract start-up of the Odin rig and an $8.4 million credit loss provision. The company also announced that its shares will commence trading on Euronext Oslo Børs, adding corporate event uncertainty that may have contributed to the pre-market volatility.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1113416025?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-05-21 17:24","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1113416025","market":"nz","top_or_hot":-1,"title":"Stock Track | Borr Drilling Plunges 5.34% in Pre-Market After Weak Q1 Earnings Miss Estimates","media":"Stock Track","content":"<p>Borr Drilling Ltd's stock experienced a 5.34% plunge in pre-market trading on Thursday, following the release of its first-quarter 2026 financial results.</p><p>The offshore drilling contractor reported quarterly results that fell short of analyst expectations, with an EPS loss of $(0.09) missing the $(0.03) consensus estimate by 200%. Revenue of $247 million also came in below the $252.387 million estimate. The company's net loss widened significantly to $29 million from a $1 million loss in the prior quarter, while Adjusted EBITDA dropped 16% to $88.5 million.</p><p>Management attributed the weaker performance to the delayed contract start-up of the Odin rig and an $8.4 million credit loss provision. The company also announced that its shares will commence trading on Euronext Oslo Børs, adding corporate event uncertainty that may have contributed to the pre-market volatility.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Borr Drilling Plunges 5.34% in Pre-Market After Weak Q1 Earnings Miss Estimates</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Borr Drilling Plunges 5.34% in Pre-Market After Weak Q1 Earnings Miss Estimates\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2026-05-21 17:24</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Borr Drilling Ltd's stock experienced a 5.34% plunge in pre-market trading on Thursday, following the release of its first-quarter 2026 financial results.</p><p>The offshore drilling contractor reported quarterly results that fell short of analyst expectations, with an EPS loss of $(0.09) missing the $(0.03) consensus estimate by 200%. Revenue of $247 million also came in below the $252.387 million estimate. The company's net loss widened significantly to $29 million from a $1 million loss in the prior quarter, while Adjusted EBITDA dropped 16% to $88.5 million.</p><p>Management attributed the weaker performance to the delayed contract start-up of the Odin rig and an $8.4 million credit loss provision. The company also announced that its shares will commence trading on Euronext Oslo Børs, adding corporate event uncertainty that may have contributed to the pre-market volatility.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BORR","symbol_name":"Borr Drilling Ltd","start_time":0,"source_url":"","article_id":"1113416025","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1113416025","pubTimestamp":1779355487,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Borr Drilling Ltd's stock experienced a 5.34% plunge in pre-market trading on Thursday, following the release of its first-quarter 2026 financial results.The offshore drilling contractor reported...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BORR":"Borr Drilling Ltd"},"translate_title":"个股追踪|Borr Drilling盘前暴跌5.34%因Q1盈利疲弱未达预期","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BORR":1},"content_text":"Borr Drilling Ltd's stock experienced a 5.34% plunge in pre-market trading on Thursday, following the release of its first-quarter 2026 financial results.The offshore drilling contractor reported quarterly results that fell short of analyst expectations, with an EPS loss of $(0.09) missing the $(0.03) consensus estimate by 200%. Revenue of $247 million also came in below the $252.387 million estimate. The company's net loss widened significantly to $29 million from a $1 million loss in the prior quarter, while Adjusted EBITDA dropped 16% to $88.5 million.Management attributed the weaker performance to the delayed contract start-up of the Odin rig and an $8.4 million credit loss provision. The company also announced that its shares will commence trading on Euronext Oslo Børs, adding corporate event uncertainty that may have contributed to the pre-market volatility.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.2","shortVersion":"4.42.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1113416025","isCrawlerRequest":true}