SFL Corporation reported a significant beat on both top and bottom lines for the third quarter of 2026, driven by robust chartering activity and strategic fleet expansion. The company declared its 91st consecutive quarterly dividend of $0.22 per share and significantly expanded its fixed-rate charter backlog to approximately $5.0 billion, providing high visibility into future cash flows.
Key Highlights
- Total operating revenue reached $201.6 million, exceeding the analyst estimate of $177.14 million due to strong performance in the container and car carrier segments.
- Reported net income of $37.4 million resulted in EPS of $0.26, more than double the consensus estimate of $0.124.
- Fixed-rate charter backlog grew to $5.0 billion with a weighted remaining term of 7.1 years, bolstered by a seven-year charter extension for six container vessels.
- The company agreed to sell seven older tankers for approximately $275 million in net proceeds, which is expected to result in a $175 million book gain over the next two quarters.