Toro Corp. Completes Handysize Tanker Spin-Off Amidst Decreased Earnings

The latest announcement is out from Toro Corp. ( (TORO) ).

Toro Corp. reported its financial results for the fourth quarter and full year ending December 31, 2024, showing a significant decrease in net income and vessel revenues compared to the previous year. The company completed the spin-off of its Handysize tanker segment to Robin Energy Ltd. on April 14, 2025, aiming to focus on its core operations and enhance shareholder value. Despite a challenging market environment, Toro maintained a strong balance sheet with significant cash reserves and no outstanding debt, positioning itself for future growth opportunities.

Spark’s Take on TORO Stock

According to Spark, TipRanks’ AI Analyst, TORO is a Neutral.

Toro Corp. has a strong balance sheet with no debt, which is a significant strength. However, challenges in maintaining consistent revenue growth and historical volatility in cash flow generation are notable risks. The technical indicators suggest weak market momentum, weighing down the score. Despite these concerns, the low P/E ratio indicates potential undervaluation.

To see Spark’s full report on TORO stock, click here.

More about Toro Corp.

Toro Corp. is an international energy transportation services company based in Limassol, Cyprus. The company focuses on providing maritime transportation services for energy products, operating a fleet that includes LPG carriers and Handysize tankers.

YTD Price Performance: -18.90%

Average Trading Volume: 35,011

Technical Sentiment Signal: Buy

For an in-depth examination of TORO stock, go to TipRanks’ Stock Analysis page.