Sfl Corporation Limited (SFL)
NYSE:SFL
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Earnings Data
Report Date
Aug 19, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.06Last Year’s EPS
0.01Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed multiple strong positives: stable adjusted EBITDA (~$108M), return to GAAP profitability (~$26M), a high-quality $3.7B backlog with two-thirds investment-grade counterparties, opportunistic capture of elevated tanker spot rates (very high TCEs and Q2 coverage), successful opportunistic bond tap at improved implied yield, and ongoing deleveraging and liquidity coverage. Key challenges highlighted include GAAP revenue timing/recognition volatility, lower energy utilization while Hercules is warm-stacked, remaining newbuilding capex (~$850M) to finance, and near-term bond redemption considerations. On balance, the favorable operational results, high-quality backlog and financial actions outweigh the medium-term financing and timing risks.Company Guidance
Dividend Increase and Long Dividend Track Record
Declared 89th consecutive quarterly cash dividend of $0.22 per share, a 10% increase from prior quarter; annualized dividend yield ~7.5% at current prices; total dividends returned since 2004 exceed $3.0 billion (over $30 per share).
Solid Top-Line and Adjusted EBITDA
Charter revenue of approximately $174 million (gross charter hire ~ $177 million) and adjusted EBITDA-equivalent cash flow of ~$108 million for the quarter; adjusted EBITDA was broadly consistent with Q4 2025, indicating stability in contracted cash flows.
Return to GAAP Profitability
Reported GAAP net income of ~$26 million ($0.20 per share) in Q1 versus a GAAP net loss of ~$4.6 million ($0.04 per share) in Q4 2025 — a meaningful swing to profitability driven by operational improvement and certain nonrecurring gains.
Strong Charter Backlog and Counterparty Quality
Charter backlog stands at approximately $3.7 billion, with more than two-thirds of backlog tied to investment-grade counterparties, enhancing revenue visibility and credit quality of future cash flows.
Fleet Utilization and Composition
Fleet totals 57 maritime assets (2 dry bulk, 30 container ships, 16 large tankers, 2 chemical tankers, 7 car carriers, 2 drilling rigs); utilization strong across most segments — containers 100%, car carriers 100%, tankers & dry bulk ~99%.
Opportunistic Spot Market Gains on Tankers
Two 2020-build Suezmax tankers placed in spot market after charter releases, producing TCE nearly $54k/day in Q1 (cash breakeven below ~$20k/day after debt service); into Q2 covered 53% of vessel days at an average charter rate of ~ $185k/day so far, driving materially higher near-term cash flow.
Successful Opportunistic Bond Tap and Improved Implied Yield
Executed $75 million tap issuance of 2030 senior unsecured bonds at 103.5% of par, implying a yield to maturity of ~6.8% versus the original bond rate of 7.75% (implied reduction in financing cost), raising liquidity on short notice due to strong investor demand.
Balance Sheet Progress and Deleveraging
Cash and cash equivalents ~$128 million plus ~$160 million undrawn facilities (total liquidity >$280 million); made ~$56 million in scheduled loan amortization during the quarter (annualized >$220 million); book equity ratio ~27%.
Energy Contract Win for Hercules Rig
Secured a new ~400-day contract for ultra-deepwater semisubmersible 'Hercules' commencing 2027, adding ~ $170 million to backlog; rig holds a valid Canadian safety case and is positioned for harsh-environment campaigns.
Segment-Level Revenue Improvements
Tankers generated ~ $46 million in gross charter hire, up from ~$42 million in prior quarter (~+9.5% sequential); container fleet contributed ~ $81 million (including profit share fuel-savings income); energy revenue ~ $23 million primarily from Linus on long-term contract.
SFL 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
SFL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 12, 2026 | $12.00 | $12.80 | +6.67% |
Feb 11, 2026 | $8.96 | $9.81 | +9.52% |
Nov 12, 2025 | $7.99 | $7.89 | -1.20% |
Aug 19, 2025 | $8.52 | $7.11 | -16.65% |
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 Sfl Corporation Limited (SFL) report earnings?
Sfl Corporation Limited (SFL) is schdueled to report earning on Aug 19, 2026, TBA (Confirmed).
What is Sfl Corporation Limited (SFL) earnings time?
Sfl Corporation Limited (SFL) earnings time is at Aug 19, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is SFL EPS forecast?
SFL EPS forecast for the fiscal quarter 2026 (Q2) is 0.06.