Earnings Feed

PLUG

Energy & Utilities

1mo

Electrolyzer sales more than tripled year-over-year, reaching approximately $45 million in the quarter.
Gross margins improved significantly from negative 92% in Q2 2024 to negative 31% in Q2 2025 due to operational efficiencies, pricing discipline, and cost reductions.
Net cash from operating and investing activities declined over 40% year-over-year, ending the quarter with over $140 million in cash and access to more than $300 million in additional debt capacity.
Plug Power reported Q2 2025 revenue of $174 million, a 21% increase year-over-year, driven by strong demand across GenDrive, GenFuel, and GenEco platforms.

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.