A director acquired 1.06M shares of BORR on June 9, signaling confidence amid recent earnings miss and operational challenges.
Borr Drilling Limited (NYSE:BORR) director Tor Troim bought 1.06M shares for $5.0M on June 9, according to a regulatory filing. The transaction follows a first-quarter revenue miss of $247 million against a $260.61 million consensus forecast.
The company reported 99.4% technical utilization and 97.0% economic utilization but faced a $8.4 million credit loss provision and delayed contract start-up for the Odin rig. Adjusted EBITDA reached $88.5 million for the quarter.
Shares rose 4% in pre-market trading after the filing was disclosed on June 10, 2026.