---
title: "BORR: Q2 loss driven by rig transitions and refinancing, but strong contract coverage and liquidity support outlook"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/295682572.md"
description: "Q2 2026 saw lower revenues and a net loss due to rig transitions, Odin startup costs, and refinancing losses. Contract coverage for 2026 is strong at 73%, with improved EBITDA expected in Q3 as operational disruptions subside. Liquidity remains robust after major refinancing.Based on DisclaimerThis is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source."
datetime: "2026-08-12T15:00:36.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/295682572.md)
  - [en](https://longbridge.com/en/news/295682572.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/295682572.md)
generator: "portal-rs"
---

# BORR: Q2 loss driven by rig transitions and refinancing, but strong contract coverage and liquidity support outlook

Q2 2026 saw lower revenues and a net loss due to rig transitions, Odin startup costs, and refinancing losses. Contract coverage for 2026 is strong at 73%, with improved EBITDA expected in Q3 as operational disruptions subside. Liquidity remains robust after major refinancing.

Based on 

**Disclaimer**

This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**