Hafnia Ltd. (HAFN)
NYSE:HAFN
Earnings Data
Report Date
Aug 28, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.5Last Year’s EPS
0.15Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a strongly positive near-term operating and financial performance — triple-year-on-year net profit, robust TCE/EBITDA growth, improved NAV and balance sheet metrics, strong dividend policy and high forward coverage. These positives are set against significant macro and operational headwinds driven by unprecedented geopolitical disruption (Strait of Hormuz closure), regional refinery outages, temporary demand uncertainty, and meaningful CapEx/newbuild timing risk. On balance, company-specific strengths (earnings, liquidity, fleet renewal plans and shareholder returns) outweigh the external lowlights, though the outlook retains elevated uncertainty tied to geopolitics and market rebalancing.Company Guidance
Strong Profitability and Income Growth
Net profit of $179.7M in Q1 2026, nearly 3x Q1 2025; TCE income $282.5M (up from $218.8M, +~29%); Adjusted EBITDA $198.6M (up from $125.1M, +~59%).
High Returns on Capital
Annualized return on equity of 29.5% and return on invested capital of 22.7% for Q1 — highest levels in the trailing five quarters.
Improved Balance Sheet and Liquidity
Net debt reduced from $932M to $797M (reduction of $135M, ~14.5%); net LTV improved to 20.2% from 24.9% (improvement of 4.7 percentage points); total liquidity ~ $660M ($146M cash + $550M undrawn facilities).
Shareholder Returns and Dividend
Declared 80% payout ratio translating to $143.8M ($0.2877/share) for the quarter; annualized yield ~14%; cumulative dividends over last 4 quarters $365.3M; 12-month total shareholder return >100%.
Strong Forward Coverage and Dayrates
73% of Q2 earning days covered at $46,600/day; Q2–Q4 (as of May 13) 39% of earning days covered at $38,281/day; fleet-wide average TCE $30,327/day and average spot $31,543/day — well above operational breakeven.
Fleet Renewal and Modernization
Owned and chartered fleet of 118 vessels with average age 9.6 years; signed contracts for 8 MR newbuilds with Hyundai and exercised 2 additional options (total 10 MRs) for delivery 2028–2029 — supporting lower average age and long-term earnings capacity.
Asset Sales and One-off Gains
Realized $32.5M in gains on vessel sales in the quarter and have continued divestment of older tonnage as part of fleet renewal strategy.
Resilient Market Exposure and Structural Support
Company benefits from structural tanker tightness: LR2→Aframax migration (72 LR2s migrated, ~28% decline in clean LR2 availability) and elevated tonne-miles, supporting multi-quarter inventory rebuild narratives and freight resilience.
HAFN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
HAFN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 27, 2026 | $8.35 | $8.05 | -3.59% |
Feb 26, 2026 | $7.09 | $7.26 | +2.48% |
Aug 27, 2025 | $5.45 | $5.64 | +3.41% |
May 15, 2025 | $4.77 | $4.71 | -1.34% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Hafnia Ltd. (HAFN) report earnings?
Hafnia Ltd. (HAFN) is schdueled to report earning on Aug 28, 2026, TBA (Confirmed).
What is Hafnia Ltd. (HAFN) earnings time?
Hafnia Ltd. (HAFN) earnings time is at Aug 28, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HAFN EPS forecast?
HAFN EPS forecast for the fiscal quarter 2026 (Q2) is 0.5.