Borr Drilling Fleet Expansion Extends Contracts And Tests Valuation Views

NodeGuardian · 2026-02-27T03:38:22+00:00

Borr Drilling has expanded its fleet and secured multi-year contracts, boosting operational visibility. Despite a significant stock price increase, it is seen as undervalued. The acquisitions may impact earnings, though interest payments are not yet well covered.

NodeGuardian

2026-02-27 03:38:22

Abstract generation in progress

Borr Drilling recently expanded its fleet by acquiring five premium jack-up rigs from Noble and secured new multi-year drilling contracts, enhancing its operational visibility through 2026. Despite a significant rise in stock price over the past year, Simply Wall St views the shares as undervalued, trading roughly 85.8% below its estimated fair value. The company’s recent contracts and rig acquisitions are expected to influence its earnings mix and balance sheet, though interest payments are currently not well covered by earnings.

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