Overview
Norway-based combination carrier's Q4 EBITDA fell 6% due to dry-dockings and higher costs
CABU TCE earnings outperformed MR index by 40% in Q4 2025
Company secured record-high caustic soda solution contract for 2026
Outlook
Klaveness sees CABU fleet TCE at $28,500-29,500/day for Q1 2026
Company expects CLEANBU fleet TCE at $34,500-36,500/day in Q1 2026
Klaveness reports 20% higher caustic soda bookings for 2026
Result Drivers
OFF-HIRE IMPACT - Q4 EBITDA and profit after tax declined due to increased off-hire days related to dry-dockings and higher costs
STRONG TCE EARNINGS - CABU TCE earnings outperformed MR index by approximately 40% in Q4 2025
CAUSTIC SODA CONTRACT - Secured record-high caustic soda solution contract for 2026
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Dividend
$0.08
Q4 EBITDA
$22.60 mln
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the marine freight & logistics peer group is "buy"
Wall Street's median 12-month price target for Klaveness Combination Carriers ASA is NOK99.00, about 11.5% above its February 12 closing price of NOK88.80
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago
Press Release: ID:nMFN2HhTyL
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
