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Borr Drilling reports a 271% net income jump to $82.1M in 2024, securing $795M in new contracts.
Borr Drilling reported strong financial results for 2024, with a 271% increase in net income to $82.1 million and a 37% rise in adjusted EBITDA to $505.4 million.
The company secured 19 new contracts worth $795 million and agreed on a $125 million payment from a major Mexican client.
Despite market challenges, Borr Drilling is optimistic about 2025, expecting improved cash flow and lower capital expenditures.
A cash distribution of $0.02 per share is set for March 19, 2025.
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Borr Drilling reporta un salto de ingresos netos del 271% a $82,1 millones en 2024, asegurando $795 millones en nuevos contratos.