Borr stock forecast indicates potential momentum in

Borr stock forecast indicates potential momentum in offshore drilling, with current trading near $6.10 as of early July "I don't know that will be enough, sufficient" for the Fed to lower rates in 2024. "I don't know that it won't." In Q4 ending December 31, 2024, Borr Drilling Limited (NYSE:BORR) posted adjusted EBITDA of $136.7 million, an increase of 18% from the previous quarter. Net income reached $26.3 million ($0.11 per share) as its quarterly revenue grew by $21.5 million, thanks to better day rates. The company finished the year within its $500-550 million adjusted EBITDA guidance. Moreover, it also announced a $0.02 per share cash payout, ending the quarter with $61.6 million in cash plus access to an unused $150 million credit line.