Borr Drilling (BORR) Construction in Progress (2018 - 2024)
Borr Drilling (BORR) posted quarterly Construction in Progress of $169.2 million for Q3 2024, up 4734.29% year-over-year from $3.5 million in Q4 2023, and up 623.08% quarter-over-quarter from $23.4 million in Q2 2024.
Borr Drilling (BORR) Construction in Progress (2018 - 2024) Analysis & Trends
Borr Drilling (BORR) has reported Construction in Progress for 7 consecutive years, with $169.2 million the latest figure, recorded in Q3 2024.
- In Q3 2024, Construction in Progress rose 4734.29% year-over-year to $169.2 million; the TTM figure through Sep 2024 stood at $169.2 million (up 4734.29% YoY), while the FY2023 annual figure was $5.4 million, up 54.29% from the prior year.
- Construction in Progress improved to $169.2 million in Q3 2024 per BORR's latest filing, from $23.4 million in the prior quarter.
- Across five years, Construction in Progress topped out at $201.4 million in Q1 2020 and bottomed at $3.5 million in Q3 2022.
- Historically, Construction in Progress has averaged $80.3 million across 5 years, with a median of $135.5 million in 2020.
- Annual changes were most pronounced in 2022 — Construction in Progress plunged 97.42% — and 2024, when it jumped 4734.29%.
- Borr Drilling's Construction in Progress stood at $135.5 million in 2020, then changed by 0.0% to $135.5 million in 2021, then slumped by 97.42% to $3.5 million in 2022, then jumped by 54.29% to $5.4 million in 2023, then surged by 3033.33% to $169.2 million in 2024.
- Business Quant data shows BORR's Construction in Progress at $169.2 million in Q3 2024, $23.4 million in Q2 2024, and $12.9 million in Q1 2024.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Construction in Progress (Qtr) |
|---|---|---|---|---|---|
| 1 | Noble | 7.49 Bn | 7.03 Bn | 273.38 Mn | - |
| 2 | Transocean | 6.68 Bn | 5.89 Bn | 358.00 Mn | - |
| 3 | Patterson Uti Energy | 4.68 Bn | 4.48 Bn | 597.25 Mn | - |
| 4 | Helmerich & Payne | 4.35 Bn | 4.12 Bn | 349.94 Mn | - |
| 5 | Seadrill | 2.95 Bn | 2.59 Bn | 234.00 Mn | - |
| 6 | Borr Drilling | 1.40 Bn | 1.17 Bn | - | - |
| 7 | Nabors Industries | 1.30 Bn | 790.29 Mn | 309.38 Mn | - |
| 8 | Precision Drilling | 1.18 Bn | 1.13 Bn | 89.29 Mn | - |
| 9 | Valaris | 827.45 Mn | 286.25 Mn | 123.70 Mn | - |
| 10 | Sable Offshore | 762.75 Mn | 741.15 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2024 | 169.20 Mn |
| Jun 30, 2024 | 23.40 Mn |
| Mar 31, 2024 | 12.90 Mn |
| Dec 31, 2023 | 5.40 Mn |
| Sep 30, 2023 | 3.50 Mn |
| Jun 30, 2023 | 3.50 Mn |
| Mar 31, 2023 | 3.50 Mn |
| Dec 31, 2022 | 3.50 Mn |
| Sep 30, 2022 | 3.50 Mn |
| Jun 30, 2022 | 11.10 Mn |
| Mar 31, 2022 | 135.50 Mn |
| Dec 31, 2021 | 135.50 Mn |
| Sep 30, 2021 | 135.50 Mn |
| Jun 30, 2021 | 135.50 Mn |
| Mar 31, 2021 | 135.50 Mn |
| Dec 31, 2020 | 135.50 Mn |
| Sep 30, 2020 | 136.20 Mn |
| Jun 30, 2020 | 135.60 Mn |
| Mar 31, 2020 | 201.40 Mn |
| Dec 31, 2019 | 261.40 Mn |