SFL Corporation reported a strong second quarter for 2026, with total operating revenues reaching $200.8 million and net income climbing to $34 million. The company declared its 90th consecutive quarterly dividend at $0.22 per share, supported by robust performance in the Suezmax tanker spot market and strategic fleet expansions. With a fixed-rate charter backlog now standing at approximately $3.8 billion, SFL continues to demonstrate strong cash flow visibility from its diversified maritime portfolio.
Key Highlights
- Total operating revenue of $200.8 million exceeded analyst expectations of $175.3 million, driven by high utilization and spot market exposure.
- Charter backlog increased to $3.8 billion with a weighted remaining term of 6.2 years, following new long-term charters for PCTC vessels.
- The company successfully raised $100 million in equity through its ATM and DRIP programs to strengthen its liquidity position to $273 million.