Borr Drilling Ltd
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Energy : Energy Equipment & Services | Small Cap Value
Based in Bermuda
Company profile

Borr Drilling Limited is an offshore shallow-water drilling contractor. The Company’s primary business is the ownership, contracting and operation of jack-up rigs for operations in shallow-water areas, providing drilling services to the oil and gas exploration and production industry. Its jack-up rigs are capable of drilling to a maximum well depth of approximately 35,000 feet while operating in water depths ranging from 30 to 400 feet. It operates in oil-producing geographies throughout the world, including the North Sea, Mexico, West Africa, Southeast Asia and the Middle East. It owns approximately 23 jack-up rigs, which include Skald, Groa, Idun, Thor, Norve, Gerd, Natt, Ran, Odin, Gersemi, Grid, Galar, Njord, Prospector 1, Saga, Prospector 5, Mist, Gunnlod, Frigg, Gyme, Hermod, Heimdal and Hild. The Company contract its jack-up rigs primarily on a day rate basis to drill wells for its customers, including state-owned national oil companies and independent oil and gas companies.

Premarket

Last Trade
Delayed
$3.80
-0.02 (-0.52%)
Bid
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Ask
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B/A Size
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Market Hours

Closing Price
$3.82
Day's Change
0.00 (0.00%)
Bid
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Ask
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B/A Size
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Day's High
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Day's Low
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Volume
(Light)
Volume:
11,462

10-day average volume:
1,616,965
11,462

Dollar Tree profit climbs 43%, shares jump

7:56 am ET May 26, 2022 (MarketWatch)
Print

Dollar Tree Inc. (DLTR) shares jumped 13% in premarket trades Thursday after the retailer said its first-quarter profit rose to $536.4 million, or $2.37 a share, from $374.5 million, or $1.60 a share in the year-ago quarter. Sales rose 6.5% to $6.9 billion from $6.48 billion in the year-ago quarter. Wall Street analysts expected Dollar Tree to earn $2 a share on revenue of $6.76 billion, according to FactSet data. "During the quarter, the Dollar Tree team successfully completed its conversion to the $1.25 price point, contributing to both sales and margin improvements," CEO Michael Witynski said. Looking ahead, Dollar Tree expects second-quarter sales of $6.65 billion to $6.78 billion and earnings of $1.45 a share to $1.55 a share, including costs of 24 cents a share for items. Wall Street analysts expect second-quarter sales of $6.76 billion and earnings of $1.71 a share. Dollar Tree now expects 2022 earnings of $7.80 to $8.20 a share, compared to the analyst estimate of $7.93 a share.

-Steve Gelsi

	

(END) Dow Jones Newswires

May 26, 2022 07:56 ET (11:56 GMT)

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