SFL - Second Quarter 2026 Results
Rhea-AI Summary
SFL (NYSE:SFL) reported preliminary Q2 2026 results with total operating revenues of $201 million, adjusted EBITDA of $130 million including $8 million from associated companies, and reported net income of $34 million, or $0.25 per share. The Board declared SFL’s 90th consecutive quarterly cash dividend of $0.22 per share, payable on or around September 22, 2026, with record and ex-dividend date on September 9, 2026.
According to SFL, the quarter benefited from a strong contribution from two Suezmax tankers trading in the spot market, new long-term charters for PCTC vessels SFL Composer and SFL Conductor, and a newbuild order for four PCTC vessels tied to long-term time charters. The company also successfully raised $100 million in new equity and will host a Q2 2026 webcast on the results.
Positive
- Total operating revenues $201 million in Q2 2026
- Adjusted EBITDA $130 million in Q2 2026, including $8 million from associated companies
- Net income $34 million, or $0.25 per share, in Q2 2026
- Quarterly dividend $0.22 per share, 90th consecutive quarterly dividend
- $100 million in new equity capital raised
- New long-term charters for PCTC vessels SFL Composer and SFL Conductor
- Newbuild order for four PCTC vessels combined with long-term time charters
- Strong earnings contribution from two Suezmax tankers in the spot market
Negative
- Raising $100 million in new equity implies share issuance and potential dilution for existing shareholders
Key Figures
Previous Earnings Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Aug 14 | Q2 results invitation | Neutral | +2.0% | Scheduled preliminary Q2 results release and conference call for August 26 |
| May 12 | Q1 results presentation | Neutral | +6.7% | Presentation materials related to the Q1 2026 results event |
| May 12 | Q1 earnings results | Positive | +6.7% | Higher dividend, operating results, drilling contract, refinancing and bond tap |
| May 06 | Q1 results invitation | Neutral | -0.4% | Scheduled preliminary Q1 results release and conference call for May 12 |
| Feb 11 | Q4 results presentation | Neutral | +9.5% | Presentation covering preliminary fourth-quarter 2025 results and highlights |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Earnings-tagged events produced positive 24-hour reactions in four of five historical instances, with an average move of 4.89%.
Key Terms
adjusted ebitda financial
ex-dividend date financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
Preliminary Q2 2026 results and quarterly cash dividend of
SFL Corporation Ltd. (“SFL” or the “Company”) today announced preliminary financial results for the quarter ended June 30, 2026.
Highlights
- 90th consecutive quarterly dividend declared,
$0.22 per share - Total operating revenues of
$201 million - Adjusted EBITDA1 of
$130 million , including$8 million from associated companies - Reported net income of
$34 million or$0.25 per share - Strong contribution from two Suezmax tankers in the spot market
- New long term charters for PCTC vessels SFL Composer and SFL Conductor
- Newbuild order for four PCTC vessels, in combination with long term time charters
- Successfully raised
$100 million in new equity
Quarterly Dividend
The Board of Directors has declared a quarterly cash dividend of
The full report can be found in the link below and at the Company’s website www.sflcorp.com.
Webcast and Presentation
In connection with earnings release, a webcast will be held today at 10:00 AM (EST) / 4:00 PM (CET)
In order to listen to the webcast and see the presentation, you may do one of the following:
A: Join Conference Call Webcast in Listen Only Mode:
Visit the Investor Relations section of the Company’s website at www.sflcorp.com and click on the link to "Webcast", or access directly via the webcast link below. The webcast with slideshow will be played live from this platform:
SFL Corporation Ltd. Q2 2026 Webcast
B: Join Conference Call and Participate in Live Q&A through Zoom:
Join through the Zoom link below to ask a question:
SFL Q2 2026 Q&A
Meeting ID: 941 0132 7798
Passcode: 932371
The presentation material used in the webcast may be downloaded at www.sflcorp.com and replay details are also available at the Company website.
Questions may be directed to SFL Management AS:
Investor and Analyst Contacts:
Espen Nilsen Gjøsund, Vice President - Investor Relations, +47 47 50 05 00
André Reppen, Chief Treasurer & Senior Vice President, +47 23 11 40 55
Aksel Olesen, Chief Financial Officer, +47 23 11 40 36
Media Contact:
Ole B. Hjertaker, Chief Executive Officer, SFL Management AS
+47 23 11 40 11
About SFL
SFL has a unique track record in the maritime industry and has paid dividends every quarter since its initial listing on the New York Stock Exchange in 2004. The Company’s fleet of vessels is comprised of tanker vessels, bulkers, container vessels, car carriers and offshore drilling rigs. SFL’s long term distribution capacity is supported by a portfolio of long term charters and significant growth in the asset base over time. More information can be found on the Company's website: www.sflcorp.com.
Cautionary Statement Regarding Forward Looking Statements
This press release may contain forward looking statements. These statements are based upon various assumptions, many of which are based, in turn, upon further assumptions, including SFL management’s examination of historical operating trends, data contained in the Company’s records and other data available from third parties. Although SFL believes that these assumptions were reasonable when made, because assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond its control, SFL cannot give assurance that it will achieve or accomplish these expectations, beliefs or intentions.
Important factors that, in the Company’s view, could cause actual results to differ materially from those discussed in the forward looking statements include the strength of world economies, fluctuations in currencies and interest rates, general market conditions in the seaborne transportation industry, which is cyclical and volatile, including fluctuations in charter hire rates and vessel values, changes in demand in the markets in which the Company operates, including shifts in consumer demand from oil towards other energy sources or changes to trade patterns for refined oil products, changes in market demand in countries which import commodities and finished goods and changes in the amount and location of the production of those commodities and finished goods, technological innovation in the sectors in which we operate and quality and efficiency requirements from customers, increased inspection procedures and more restrictive import and export controls, changes in the Company’s operating expenses, including bunker prices, dry-docking and insurance costs, performance of the Company’s charterers and other counterparties with whom the Company deals, the impact of any restructuring of the counterparties with whom the Company deals, and timely delivery of vessels under construction within the contracted price, governmental laws and regulations, including environmental regulations, that add to our costs or the costs of our customers, potential liability from pending or future litigation, potential disruption of shipping routes due to accidents, political instability, terrorist attacks, piracy or international hostilities, the length and severity of the ongoing coronavirus outbreak and governmental responses thereto and the impact on the demand for commercial seaborne transportation and the condition of the financial markets, and other important factors described from time to time in the reports filed by the Company with the United States Securities and Exchange Commission. SFL disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
1 ‘Adjusted EBITDA’ is a non-U.S. GAAP measure. It represents cash receipts from operating activities before net interest and capital payments.
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