Sfl Corporation Ltd Stock Price, News & Analysis

SFL Corporation Ltd. (NYSE: SFL) has announced changes to the management structure of its jack-up drilling rig, West Linus, initially delivered in 2014. Currently operated by Seadrill, the contract with ConocoPhillips Skandinavia AS in the North Sea, valid until late 2028, will be assigned to an SFL subsidiary as Seadrill emerges from Chapter 11 bankruptcy. Operational management will transition to Odfjell Drilling Ltd., contingent on regulatory approval. The rig's contract ensures a backlog of approximately $500 million, with a current charter rate of about $55,000 per day during the transition.

SFL announced the presentation of its preliminary fourth quarter results, scheduled for February 16, 2022. The results will offer insights into the company's financial performance and operational highlights for the period. Investors and stakeholders are encouraged to track the upcoming presentation for detailed analysis and figures.

SFL Corporation Ltd. reported its preliminary Q4 2021 results, declaring a quarterly cash dividend of $0.20 per share, marking the 72nd consecutive dividend. The company generated approximately $152.1 million in operating revenue with a net profit of $80.1 million. Charter hire revenues totaled $165.8 million for the quarter, including profit shares. Adjusted EBITDA reached $121.3 million, driven by its strategic acquisitions and sales, including the acquisition of four LR2 product tankers and the sale of seven Handysize dry bulk vessels for $98 million. The company maintains a strong charter backlog of $2.8 billion.

SFL Corporation Ltd. (NYSE: SFL) will release its preliminary financial results for Q4 2021 on February 16, 2022. A conference call and webcast will be available the same day at 10:00 AM (EST) / 4:00 PM (CET). Interested parties can access the presentation through the Investor Relations section of the company’s website at www.sflcorp.com. Participants can join via a webcast or dial-in, with details provided in the release. A Q&A session will follow the presentation, and a replay will also be available online.

SFL Corporation Ltd. (NYSE: SFL) announced the acquisition of four Aframax LR2 product tankers for $160 million alongside long-term charters to a Trafigura subsidiary. The vessels, built in 2014-2015 with eco-design features, are set for delivery between December 2021 and February 2022. The charter period is a minimum of five years, contributing an additional $160 million to SFL's fixed-rate backlog. This deal demonstrates SFL's commitment to growth in the tanker market, adding over $1 billion to its charter backlog this year.

SFL is set to present its preliminary third quarter results on November 10, 2021. The presentation will provide insights into the company's financial performance during the period, reflecting key metrics and developments. Stakeholders are encouraged to review the linked presentation for detailed information on revenue, operational status, and future expectations.

For more information, the Third Quarter 2021 Results Presentation can be accessed via the provided link.

SFL Corporation Ltd. reported its preliminary Q3 2021 results, declaring a quarterly dividend of $0.18 per share, marking the 71st consecutive dividend payment. The company achieved an operating revenue of approximately $135.4 million and a net profit of $33.2 million. Charter hire amounted to $155.9 million, and adjusted EBITDA reached $100.7 million. Additionally, SFL agreed to acquire three modern Suezmax tankers and sold seven Handysize dry bulk vessels for $98 million. The dividend will be distributed on or around December 29, 2021.

SFL Corporation Ltd. (SFL) will announce its preliminary financial results for Q3 2021 on November 10, 2021. A conference call and webcast for stakeholders is scheduled for 10:00 AM EST / 4:00 PM CET on the same day. Interested parties can access materials from the Investor Relations section of SFL's website, www.sflcorp.com. The presentation will include a Q&A session afterwards. A replay of the conference call will be available for seven days post-event.

SFL Corporation Ltd. (NYSE: SFL) announced the sale of seven handysize dry bulk vessels to an Asian buyer for approximately $100 million. Expected net cash proceeds after debt repayment are over $50 million, with anticipated book gains exceeding $40 million. The vessels, each with cargo capacity between 32-34,000 dwt, have been in the spot market for five years due to limited long-term chartering opportunities. The sale, which will not affect the company’s charter backlog, is part of a strategy to reinvest in new assets.