Borr drilling preliminary q2 adjusted ebitda loss $1.9 million

Borr drilling q2 operating revenue $84.0 million.borr drilling q2 adjusted ebitda loss $1.9 million.borr drilling q2 net loss $109.6 million.we estimate that covid-19 impacted our mexican jvs directly by $5.5 million in lost revenue and additional expenses combined.operations of our mexican jvs have suffered from irregular payments and difficulties with factoring of receivables, which in turn has put further strain on company's liquidity position.main focus for 2020 and 2021 will be to improve cash flow and strengthen the balance sheet.is of the opinion that the international oil and gas activity will increase in the next years, driven by low cost onshore and shallow water developments.as oil prices continue to improve, and years of under investment needs to be caught up, co expects a solid demand for its units going forward.
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