Earnings Feed

FLNC

Energy & Utilities

Adjusted EBITDA was approximately $27 million, supported by higher margins from international projects.
Adjusted gross profit margin for Q3 was 15.4%, exceeding the company’s target for the quarter, driven by strong execution and supply chain optimization.
Annual recurring revenue increased to $124 million.
Backlog stood at approximately $4.9 billion at quarter-end, with $1.1 billion added post-quarter, including $700 million from Australia contracts.
Fluence Energy reported Q3 2025 revenue of $603 million, which was approximately 15% below plan due to slower ramp-up at U.S. manufacturing facilities, particularly the enclosure facility in Arizona.
The company ended Q3 with over $900 million in liquidity, including $460 million in cash, and executed a new $150 million unsecured supply chain facility.

BORR

Energy & Utilities

Adjusted EBITDA rose by $37.1 million (39%) to $133.2 million in Q2.
Cash decreased by $77.8 million in Q2 mainly due to $98.3 million semiannual interest payments and $20.8 million income taxes.
Cash position at end of Q2 was $92.4 million with $150 million undrawn credit facility, total liquidity $242.4 million.
Free cash flow generated in the first half of 2025 was $106.5 million.
Net income was $35.1 million, up $52 million from the previous quarter.
Operating income increased by $36.3 million (60%) to $96.5 million.
Q2 2025 revenue increased by $51.1 million (24%) to $267.7 million compared to Q1.
Total operating expenses increased by $14.4 million (9%) due to higher rig operating costs.