Maritime lessor SFL posts preliminary Q2 profit; declares dividend

SFL

26/08/2026 11:07

Overview
Bermuda-based maritime lessor's preliminary Q2 net income was $34 mln
Company declared 90th consecutive quarterly dividend of $0.22 per share
Strong Suezmax tanker spot market and new PCTC charters supported results

Outlook
Company did not provide specific guidance for current or future quarters

Result Drivers
SUEZMAX TANKERS - Co said strong contribution from two Suezmax tankers in the spot market supported Q2 results
NEW PCTC CHARTERS - Co secured new long term charters for PCTC vessels SFL Composer and SFL Conductor
FLEET EXPANSION - Co placed newbuild order for four PCTC vessels with long term charters

Company press release: ID:nGNE8LMGfx

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Net Income
 
$34 mln
 
Q2 Adjusted EBITDA
 
$130 mln
 
Q2 Dividend
 
$0.22
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the oil & gas transportation services peer group is "buy"
Wall Street's median 12-month price target for SFL Corporation Ltd. is $13.20, about 8% above its August 25 closing price of $12.22
The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 59 three months ago

Reuters Recommended Reads
Aug 26 - Denmark's Torm Q2 profit hits record on higher freight rates; raises 2026 outlook
Aug 26 - Norway's 2020 Bulkers Q2 profit helped by vessel sales
Aug 25 - Norway's Klaveness combination carriers Q2 EBITDA rises on stronger markets

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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.)