Stock Track | SFL Corp Soars 5.31% Intraday on Strong Q1 Earnings Beat and Dividend Hike

Stock Track

05/12

SFL Corporation's stock soared 5.31% during intraday trading on Tuesday, following the release of its first-quarter 2026 financial results.

The shipping and energy lessor reported preliminary earnings of $0.20 per share, significantly surpassing analyst estimates. Revenue for the quarter reached approximately $174 million, also beating expectations. The company announced an increase in its quarterly cash dividend to $0.22 per share, marking its 89th consecutive quarterly payout.

Positive operational updates contributed to the bullish sentiment, including strong spot-market performance from two Suezmax tankers and the securing of a $170 million drilling contract for the semi-submersible rig Hercules. The company also completed significant financial maneuvers, refinancing assets with $250 million in new credit facilities.

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