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Torm A/S (TRMD)
NASDAQ:TRMD
Earnings Data
Report Date
May 13, 2026TBA (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
1.21Last Year’s EPS
0.64Same Quarter Last Year
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a predominantly positive picture: strong quarterly and full-year financial results, disciplined capital returns, successful fleet investments with immediate valuation uplift, improved broker valuations and a solid balance sheet with attractive Q1 coverage and a confident 2026 guidance range. However, notable challenges remain, including moderation from 2024’s exceptional levels, material sanctions-driven distortions reducing clean-product capacity, trade-route disruptions (Red Sea and Middle East–Asia to Europe volumes), and rapidly rising asset prices that constrain further accretive acquisitions. On balance, the positives (robust results, shareholder returns, asset appreciation and strong forward coverage) outweigh the headwinds tied to geopolitical and supply distortions.Company Guidance
Strong Q4 and Full-Year Financial Performance
Q4 TCE of USD 251M, EBITDA of USD 156M and net profit of USD 87M; full-year TCE USD 910M (near the high end of prior guidance USD 650M–950M), full-year EBITDA USD 571M and net profit USD 286M.
Robust Shareholder Returns
Declared Q4 dividend of USD 0.70 per share; full-year dividends USD 2.12 per share and USD 212M returned to shareholders; Q4 payout ratio of 82% and cumulative cash dividends of USD 1.6B returned over the past four years.
Outperformance vs Peers and Premium Earnings
Fleet-wide average TCE of USD 28,703/day for the year and USD 30,658/day in Q4; MR, LR1 and LR2 segments outperformed peer averages—premium TCE (first 3 quarters of 2025) of USD 49M represented ~23% of 2025 dividend; premium earnings from MR fleet accounted for ~15% of total dividends over the past four years.
Successful Fleet Acquisitions and Asset Appreciation
Acquired 8 vessels in Q4 (2 LR2s and 6 MRs) and divested 1 older LR2; fleet increased to 93 vessels at year-end and 95 after early-2026 deliveries. Acquired vessels have already appreciated by a double-digit U.S. dollar amount (one asset up ~20%).
Improved Broker Valuations and NAV
Broker valuations for the fleet rose to USD 3.2B at year-end, lifting NAV to USD 2.6B; average broker valuations increased 4.2% during the quarter, driven primarily by LR2 appreciation.
Solid Balance Sheet and Forward Coverage
Net interest-bearing debt USD 848M with net LTV of 29.4% (within historical 25%–30% range); only USD 135M of borrowings maturing in the next 12 months; Q1 2026 coverage of 70% of earnings days at average TCE of USD 34,926/day; 2026 guidance TCE USD 850M–1.25B and EBITDA USD 500M–900M.
TRMD 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
TRMD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 26, 2026 | $27.74 | $29.18 | +5.19% |
Nov 06, 2025 | $20.78 | $21.71 | +4.49% |
Aug 14, 2025 | $18.20 | $19.56 | +7.45% |
May 08, 2025 | $15.41 | $15.13 | -1.82% |
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 Torm A/S (TRMD) report earnings?
Torm A/S (TRMD) is schdueled to report earning on May 13, 2026, TBA (Confirmed).
What is Torm A/S (TRMD) earnings time?
Torm A/S (TRMD) earnings time is at May 13, 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 TRMD EPS forecast?
TRMD EPS forecast for the fiscal quarter 2026 (Q1) is 1.21.