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Tor Olav Troim acquired ~200,000 shares at $4.37 per share, representing a total investment of $874,000. The purchase involved shares equal to 0.68% of the total position held before the filing.
Borr Drilling saw sizable insider purchases suggesting the current share price is low. While the Q2 results were mixed, successful refinancing and resilience in the Middle East were among the positives. At replacement cost of $300 million per unit, Borr Drilling offers considerable upside.
Acquisition of ~500,000 shares at $4.39 per share resulted in a total investment of ~$2.2 million as of August 14, 2026. The purchase increased the director's total equity position by 2% relative to previous holdings.
While this was largely due to an accounting charge, it resulted in a significant miss on analyst estimates. That said, the company remains busy amid elevated activity in the energy industry.
Borr Drilling Limited (BORR) Q2 2026 Earnings Call Transcript
Borr Drilling NYSE: BORR reported lower second-quarter adjusted EBITDA and a wider net loss as rig transitions, startup costs for the Odin rig, higher fuel and insurance expenses, and a credit-loss provision weighed on results. Management said it expects a significant sequential improvement in the third quarter as transitioned rigs return to work and the Odin begins its U.S. Gulf campaign.
/PRNewswire/ -- Please find enclosed the presentation of Borr Drilling Limited's financial results for the three and six months ended June 30, 2026 to be held
HAMILTON, Bermuda, August 12, 2026 /PRNewswire/ -- Borr Drilling Limited (NYSE: BORR) (OSE: BORR) (the "Company") today filed its unaudited interim financial report on Form 6-K for the three and six months ended June 30, 2026 with the U.S. Securities and Exchange Commission ("SEC"). The report is enclosed with this release.