Vessel operator SFL reports prelim Q3 revenue at $178 mln, announces dividend

Reuters
Nov 11
Vessel operator SFL reports prelim Q3 revenue at $178 mln, announces dividend

Overview

  • SFL preliminary Q3 operating revenue at $178 mln, driven by charter hires

  • Net income for Q3 2025 was $8.6 mln

  • Adjusted EBITDA for Q3 at $113 mln

Outlook

  • SFL sees fixed rate charter backlog at approximately $4 bln

  • Company optimistic about securing new employment for Hercules rig next year

  • SFL invests nearly $100 mln in fuel efficiency upgrades

Result Drivers

  • FLEET OPTIMIZATION - Co sold older vessels and upgraded modern ones, enhancing operational performance

  • STRATEGIC INVESTMENTS - Co invested nearly $100 mln in fuel efficiency and cargo optimization, boosting charter backlog

  • LONG-TERM CHARTERS - Majority of vessels on long-term charters, providing earnings visibility

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Net Income

$8.60 mln

Q3 Adjusted EBITDA

$113 mln

Q3 Dividend

$0.20

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "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 $10.00, about 23.7% above its November 10 closing price of $7.63

Press Release: ID:nGNEn0l94

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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.)

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