SFL SFL Corporation
Price Chart
Executive Summary
SFL reported Q1 2026 preliminary results with net income of $26 million ($0.20 per share), well above the $0.02 consensus estimate, and total operating revenues of $174 million versus $171.6M consensus. The company increased its quarterly dividend to $0.22 per share, secured a $170 million drilling contract for the Hercules rig, and refinanced two rigs with $250 million in new credit facilities, signaling strong operational momentum and capital returns.
Actionable Insight
The massive EPS beat, dividend increase, and new $170M drilling contract are strong catalysts. Monitor the webcast for guidance on charter rates and fleet utilization. The $250M refinancing and $75M bond tap improve liquidity—watch for further capital allocation updates.
Key Facts
- Q1 2026 net income of $26 million ($0.20 per share) vs consensus $0.02 EPS
- Total operating revenues of $174 million vs consensus $171.6 million
- Adjusted EBITDA of $108 million, including $8 million from associated companies
- Quarterly dividend increased to $0.22 per share (89th consecutive quarterly dividend)
- Secured $170 million drilling contract for semi-submersible rig Hercules
- Refinanced Linus and Hercules rigs with $250 million in new credit facilities
- Closed $75 million bond tap issue subsequent to quarter end
- Approximately 87% of operating revenues from shipping, 13% from energy
Financial Impact
EPS of $0.20 vs $0.02 consensus (900% beat); revenue $174M vs $171.6M consensus (1.4% beat); dividend increased to $0.22/share; $170M contract win; $250M refinancing; $75M bond tap
Risk Factors
- Cyclical shipping and offshore drilling markets could reverse if global trade or oil demand weakens
- Spot market exposure on two Suezmax tankers introduces volatility
- Forward-looking statements subject to macroeconomic and geopolitical uncertainties
Market Snapshot
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3292596 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
May 13, 2026
4w ago
|
6-K
| $12.35 $12.41 | ▲ +0.48% | ▲ +1.19% | $11.49 (−6.97%) |
|
May 12, 2026
4w ago
|
Press Release
| $12.80 $12.51 | ▼ −2.27% | ▼ −2.34% | $11.49 (−10.23%) |
|
May 12, 2026
4w ago
|
6-K
| $12.80 $12.51 | ▼ −2.27% | ▼ −2.34% | $11.49 (−10.23%) |
|
May 12, 2026
4w ago
|
6-K
| $12.80 $12.51 | ▼ −2.27% | ▼ −2.34% | $11.49 (−10.23%) |
|
May 12, 2026
4w ago
|
Press Release
| $12.80 $12.51 | ▼ −2.27% | ▼ −2.34% | $11.49 (−10.23%) |
|
May 11, 2026
4w ago
|
Press Release
| $12.80 $12.51 | ▼ −2.27% | ▼ −2.34% | $11.49 (−10.23%) |
|
May 6, 2026
5w ago
|
Press Release
| $11.78 $12.80 | ▲ +8.66% | ▲ +7.53% | $11.49 (−2.46%) |
|
Apr 30, 2026
6w ago
|
6-K
| $11.32 $11.69 | ▲ +3.30% | ▲ +1.57% | $11.49 (+1.50%) |
|
Apr 8, 2026
9w ago
|
6-K
| $11.07 $10.89 | ▼ −1.63% | ▼ −5.14% | $11.49 (+3.79%) |
|
Apr 7, 2026
9w ago
|
Press Release
| $11.07 $10.89 | ▼ −1.63% | ▼ −5.14% | $11.49 (+3.79%) |
US Market Status
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