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Hafnia (HAFN)
NYSE:HAFN
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Earnings Data
Report Date
Feb 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.18Last Year’s EPS
0.34Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Aug 28, 2019
|% Change Since: 15.06%
|Next Earnings Date:May 20, 2019
Earnings Call Sentiment|Positive
Hafnia's earnings call reflected a strong overall performance in Q3 2024, with record net profits and a significant dividend payout. Despite some challenges such as seasonal market softness and earnings decline, the company is well-positioned with a strong financial outlook and strategic initiatives like share buybacks.Company Guidance
During Hafnia's third quarter 2024 earnings call, the company provided robust financial guidance, highlighting a net profit of $215.6 million for the quarter, contributing to a cumulative net profit of $694.4 million for the first nine months of the year. The company announced a dividend payout of USD 0.379 per share, totaling $194.1 million, marking the highest dividend payout ratio in its history at 90% of net profit. Hafnia also revealed plans for a $100 million share buyback program, scheduled from December 2, 2024, to January 27, 2025, with the intention of maintaining strategic flexibility while enhancing shareholder value. The company's net loan-to-value (LTV) ratio improved to 19.1% from 21.3% in the previous quarter, underscoring its solid capital structure and financial health. Additionally, Hafnia's fleet was valued at approximately $4.6 billion, with a net asset value per share exceeding NOK 100, reflecting its strong position in the product and chemical tanker market.Record Net Profit
Hafnia achieved a net profit of $215.6 million in Q3 2024, bringing the total net profit for the first nine months of 2024 to $694.4 million, marking the best nine months performance in the company's history.
Redomiciliation to Singapore
Hafnia successfully completed its redomiciliation from Bermuda to Singapore, with no impact on dividend treatment due to Singapore's favorable tax policies.
Strong Dividend Payout
Hafnia declared a dividend of USD 0.379 per share for Q3, equivalent to NOK 4.15, totaling $194.1 million, marking the highest dividend payout ratio in the company's history.
Share Buyback Program
Hafnia's Board authorized a share buyback program of up to $100 million, set to run from December 2, 2024, to January 27, 2025.
Strong Financial Performance
Hafnia generated TCE income of $361.6 million in Q3, with a year-to-date TCE income exceeding $1.15 billion. The adjusted EBITDA for Q3 was $257 million.
Improved Net LTV Ratio
Hafnia's net LTV ratio decreased to 19.1% at the end of Q3 2024, down from 21.3% in Q2.
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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
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HAFN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 27, 2024 | $4.98 | $5.27 | +5.82% |
| Aug 23, 2024 | $6.82 | $7.10 | +4.11% |
| May 15, 2024 | $7.29 | $7.22 | -0.96% |
| Mar 05, 2024 | $6.08 | $5.91 | -2.80% |
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.
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FAQ
When does Hafnia (HAFN) report earnings?
Hafnia (HAFN) is schdueled to report earning on Feb 27, 2025, TBA Not Confirmed.
What is Hafnia (HAFN) earnings time?
Hafnia (HAFN) earnings time is at Feb 27, 2025, TBA Not 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 2024 (Q4) is 0.18.
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