Welcome to our dedicated page for Sfl Corporation news (Ticker: SFL), a resource for investors and traders seeking the latest updates and insights on Sfl Corporation stock.
SFL Corporation Ltd. reports developments for an international ship-owning and chartering business with a fleet that includes tanker vessels, bulkers, container vessels, car carriers and offshore drilling rigs. Company updates center on preliminary quarterly results, cash dividends, long-term charter activity, vessel sales and investments, and contract activity tied to offshore drilling assets such as the semi-submersible rig Hercules.
SFL news also includes annual general meeting notices, Form 20-F annual report announcements and presentation materials for earnings calls. The company’s disclosures frequently connect operating revenue, charter hire, fleet employment and asset transactions to its maritime and energy-related asset base.
SFL Corporation Ltd. reported preliminary Q4 2020 results, declaring a quarterly cash dividend of $0.15 per share, marking the 68th consecutive dividend. The company recorded operating revenue of approximately $115 million but faced a net loss of $165 million due to a $187 million negative impact from a drilling rig. Charter hire for the quarter was around $144 million, with an adjusted EBITDA of $96.1 million. The dividend will be paid on or around March 30, 2021.
SFL Corporation Ltd. (SFL) will announce its preliminary financial results for Q4 2020 on February 17, 2021. A conference call and webcast will be held at 10:00 AM EST that same day, accessible via the company's website. Participants can join the call through a US toll-free number +1 877 870 9135 or an international number +47 21 56 30 15, using conference ID 8577693. A Q&A session will follow the presentation, and a replay will be available for seven days.
SFL has maintained a consistent dividend distribution since 2004, operating a diverse fleet exceeding 80 vessels.
SFL Corporation Ltd. (NYSE: SFL) announced that Seadrill Ltd. has filed for Chapter 11 bankruptcy in Texas. In response, SFL secured agreements for two drilling rigs it leases to Seadrill to ensure continued operation. SFL will receive about 75% of leasing revenues sufficient to cover debt service for these rigs. However, the rig West Taurus is expected to be returned to SFL, resulting in a projected $187 million negative book adjustment in Q4 2020. The situation remains uncertain, but SFL is in talks with Seadrill and banks for a resolution.