Borr Drilling Limited (BORR) Q2 2024 Earnings Call Transcript Summary
Borr Drilling Limited (BORR) Q2 2024 Earnings Call Transcript Summary
The following is a summary of the Borr Drilling Limited (BORR) Q2 2024 Earnings Call Transcript:
以下是Borr Drilling Limited (BORR) 2024年第二季度業績會記錄摘要:
Financial Performance:
金融業績:
Q2 total operating revenues were $271.9 million, a 16% increase from Q1.
Adjusted EBITDA for Q2 was $136.4 million, reflecting a 17% increase from the previous quarter.
Net income for Q2 was $31.7 million, more than doubling from Q1 by $17.3 million.
The company reported substantial liquidity with nearly $200 million in cash and an undrawn $150 million RCF.
第二季度總營業收入爲271.9百萬美元,較第一季度增長16%。
第二季度調整後的EBITDA爲136.4百萬美元,反映了上一季度的17%增長。
第二季度淨利潤爲317百萬美元,比第一季度增長了1,730萬美元以上。
該公司現金充裕,可用現金近2億美元和未使用的1.5億美元RIF。
Business Progress:
業務進展:
All 22 delivered rigs are contracted and committed.
The company has successfully secured several new long-term contracts for its rigs.
Borr Drilling is set to complete its CapEx program on newbuild rigs in 2024, which allows future increases in shareholder returns.
Projected strong demand for jackups will likely lead to sustained higher day rates, attributed to the aging global fleet and limited newbuild activity.
22座交付的鑽機均已簽約和保證。
該公司已成功獲得了幾份長期的新合同。
Borr Drilling計劃於2024年完成其新建鑽機的CapEx計劃,這將爲股東利潤的未來增長鋪平道路。
預計大型水陸鑽塔的強勁需求將導致持續較高的日租金,這歸因於全球船隊老化和有限的新建活動。
Opportunities:
機會:
Expectation of strong market demand continues, with about 73% of the capacity contracted for 2025.
New contracts have been secured at accretive day rates, showing strong revenue visibility for 2025.
預計市場需求將繼續強勁,2025年約73%的產能已簽約。
已簽訂的新合同日租金增長,表明2025年營收可預見性強。
Risks:
風險:
The contract suspension in Saudi Arabia led to the need to obtain replacement contracts, though successfully done so at higher day rates and longer contract duration.
No new rigs have been ordered in nearly a decade, which couples current market conditions with both an opportunity and a risk tied to the aging fleet.
沙特阿拉伯的合同暫停導致需要獲得替代合同,但成功以更高的日租金和更長的合同期限實現。
近十年來未曾訂單打造新鑽機,這將隨着市場狀況和與老化船隊有關的機會和風險而影響。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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譯文內容由第三人軟體翻譯。