SFL (NYSE:SFL) Announces Quarterly Earnings Results

SFL (NYSE:SFL) announced its quarterly earnings data on Wednesday, August 26th. The shipping company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.11, FiscalAI reports. SFL had a net margin of 8.76% and a return on equity of 3.41%. The company had revenue of $200.77 million for the quarter, compared to analysts’ expectations of $179.65 million. During the same period in the previous year, the company posted $0.01 EPS. SFL’s revenue was up 4.1% compared to the same quarter last year.

Here are the key takeaways from SFL’s conference call:

• Positive Sentiment: SFL reported strong second-quarter results, with revenue of $201 million, adjusted EBITDA of $130 million—up 20% sequentially—and net income of $34 million, or $0.25 per share.
• Positive Sentiment: The company declared its 90th consecutive quarterly dividend of $0.22 per share and ended the quarter with a $3.8 billion charter backlog; approximately 65% is tied to investment-grade customers.
• Positive Sentiment: SFL expanded its car-carrier portfolio by ordering four 7,000-CEU LNG dual-fuel vessels and securing charters for two, adding approximately $233 million of firm backlog. Management cited growing Chinese vehicle exports and expected supply-demand tightening from 2029–2030 onward.
• Positive Sentiment: Two Suezmax tankers benefited substantially from the strong spot market, earning average TCE of approximately $133,000 per day in the quarter versus $54,000 in Q1; 63% of third-quarter vessel days were covered at roughly $93,000 per day.
• Negative Sentiment: The Suezmax earnings surge is market-dependent and may not persist, while the Hercules drilling rig remains warm-stacked until its expected contract start in the first half of 2027. SFL also has approximately $1.2 billion of remaining newbuilding capital expenditures and recently issued $100 million of equity, creating potential execution and dilution considerations.

SFL Stock Performance

NYSE SFL opened at $13.59 on Wednesday. The business has a 50 day moving average price of $12.76 and a 200 day moving average price of $11.83. The company has a market capitalization of $1.96 billion, a P/E ratio of 28.30 and a beta of 0.43. SFL has a 1-year low of $6.73 and a 1-year high of $13.98. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.38 and a quick ratio of 0.38.

SFL Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 22nd. Investors of record on Wednesday, September 9th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 6.5%. The ex-dividend date of this dividend was Wednesday, September 9th. SFL’s dividend payout ratio (DPR) is presently 183.33%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Wall Street Zen raised SFL from a “hold” rating to a “buy” rating in a report on Saturday, August 22nd. BTIG Research reaffirmed a “buy” rating and set a $14.00 price target on shares of SFL in a research note on Wednesday, August 26th. Weiss Ratings upgraded shares of SFL from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, August 27th. Finally, Benchmark reiterated a “buy” rating on shares of SFL in a report on Wednesday, August 26th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, SFL presently has an average rating of “Moderate Buy” and an average price target of $14.00.

SFL Company Profile

SFL Corporation Ltd. is a Bermuda-based maritime asset-owning and chartering company listed on the New York Stock Exchange under the symbol SFL. The company owns and leases a diversified fleet of vessels and offshore assets to customers under a combination of long-term charters and other commercial arrangements.

SFL’s fleet and activities have included crude oil and product tankers, container ships, dry bulk carriers, car carriers, offshore support and drilling units, and other specialized maritime assets.