Welcome to our dedicated page for Toro news (Ticker: TORO), a resource for investors and traders seeking the latest updates and insights on Toro stock.
Toro Corp. (NASDAQ: TORO) is described in its public communications as a global and international energy transportation services provider, acquiring, owning, chartering and operating oceangoing tanker vessels and LPG carriers for the seaborne transportation of crude oil and refined petroleum products. The TORO news feed on Stock Titan aggregates company-issued press releases and other coverage that reflect Toro’s operating performance, fleet changes, capital allocation and corporate actions.
Investors following TORO news can see regular earnings announcements detailing vessel revenues from continuing operations, net income, non-GAAP measures such as EBITDA and Daily TCE Rate, and commentary on how fleet composition and charter rates affect results. Toro’s news also highlights vessel acquisitions and sales, including MR (MR2 class) tankers like M/T Wonder Altair and M/T Wonder Maia and LPG carriers such as Dream Terrax, Dream Arrax, Dream Syrax and Dream Vermax, along with associated time charter contracts and charter rates.
Beyond operating updates, Toro’s releases cover capital and financing developments, such as the spin-off of its Handysize tanker segment to Robin Energy Ltd., the provision and repayment of a senior term loan facility to Castor Maritime Inc., investments in Castor’s preferred shares, and the subsequent full redemption of those preferred shares. News items also describe corporate actions including a tender offer for Toro common shares, the declaration of a one-time special dividend payable in cash or shares, and the establishment of an at-the-market (ATM) equity offering program.
Governance and regulatory disclosures appear in TORO news as well, including notices and results of annual general meetings of shareholders, auditor appointments and the role of independent and disinterested directors and special committees in reviewing related-party transactions. For readers tracking Toro’s energy transportation business, this news page provides a consolidated view of the company’s reported financial performance, fleet strategy and key board-level decisions over time.
Toro Corp (NASDAQ: TORO) announced shareholder election results and payment of a $1.75 per share special dividend declared Dec 5, 2025 and paid Jan 16, 2026 to holders of record as of Dec 16, 2025. Shareholders chose cash or common shares; the dividend was settled as approximately $9.3 million in cash and 7,378,575 common shares. The share-conversion ratio used a 20-day VWAP through Dec 4, 2025 of $3.8386 per share. Nasdaq advised shares traded with due bills from the record date through the close on Jan 16, 2026, the dividend payment date and last trading day before the Jan 20, 2026 ex-dividend date.
Toro Corp. (NASDAQ: TORO) announced a one-time special dividend of $1.75 per common share, payable in cash or in common shares. Shareholders of record at the close of business on Dec 16, 2025 will receive the dividend expected to be paid on Jan 16, 2026. The share election will use the 20-day VWAP of $3.8386 through Dec 4, 2025 to determine share issuance. Nasdaq advised shares will trade with due bills during the due bill period because the dividend exceeds 25% of trading price. Elections must be received by Broadridge by 5:00 p.m. ET on Jan 5, 2026.
Toro Corp. (NASDAQ: TORO) reported Q3 2025 net income of $1.3M (30% higher YoY) and EBITDA from continuing operations of $1.6M versus $(0.1M) in Q3 2024. Total vessel revenues for Q3 were $5.4M (+1.9% YoY); nine‑month vessel revenues were $15.0M (‑12.8% YoY). Cash declined to $25.1M as of Sept 30, 2025 from $37.2M year‑end 2024. Key transactions: purchased 60,000 Castor Series E preferred shares for $60.0M (redeemed Oct 13, 2025), completed the Robin Energy spin‑off on Apr 14, 2025, repaid a $100.0M senior term loan from Castor, acquired two MR tankers for $36.25M and $30.3M, and entered an ATM facility for up to $12.5M.
Toro Corp. (NASDAQ: TORO) and Castor Maritime agreed on October 13, 2025 to fully redeem 60,000 shares of Castor’s 8.75% Series E Cumulative Perpetual Convertible Preferred Shares issued in September 2025.
The redemption consideration equals the stated amount of the Series E Preferred Shares plus 0.523%, and includes accrued and unpaid distributions. The redemption and its terms were approved by both companies’ boards following recommendations from special committees of disinterested and independent directors.
Castor is listed on the Nasdaq Capital Market. Toro operates a fleet of two LPG carriers and two MR tanker vessels and trades on Nasdaq under TORO.
Toro Corp. (NASDAQ: TORO) reported Q2 2025 financial results with net income of $1.4 million, a 27.3% increase from Q2 2024. Total vessel revenues decreased by 24.1% to $4.1 million, while EBITDA from continuing operations reached $1.3 million.
The company completed several strategic moves, including the spin-off of its Handysize tanker segment to Robin Energy Ltd., acquisition of two MR tanker vessels (M/T Wonder Altair for $36.25M and M/T Wonder Maia for $30.3M), and a $60 million investment in Castor Maritime through Series E Preferred shares. The company maintains a strong liquidity position with $114.7 million in cash as of June 30, 2025.
The fleet earned an average Daily TCE Rate of $11,492 during Q2 2025, operating an average of 4.1 vessels compared to 5.0 vessels in Q2 2024. The company also sold two LPG carriers to Robin for a combined $38 million.
Toro Corp. (NASDAQ: TORO), a global energy transportation services provider, has announced the sale of its LPG carrier vessel Dream Terrax to a subsidiary of Robin Energy Ltd. for $20 million. The 2020-built 5,000 cbm vessel sale was approved by independent board members of both companies.
The transaction, expected to complete in 2025, is notable as Robin Energy is controlled by Toro's Chairman and CEO. Following the sale, Toro's fleet will be reduced to three vessels, comprising two LPG carriers and one MR tanker vessel that transport petrochemical gases and refined petroleum products worldwide.
Toro Corp. (NASDAQ: TORO), a global energy transportation services provider, held its 2025 Annual General Meeting of Shareholders on September 12, 2025, in Limassol, Cyprus. The shareholders approved two key proposals: the re-election of Mr. Angelos Rounick Platanias as Class B Director until 2028, and the appointment of Deloitte Certified Public Accountants S.A. as the company's independent auditors for fiscal year 2025.
Toro Corp. operates a fleet of three LPG carriers and one MR tanker vessel, providing transportation services for petrochemical gases and refined petroleum products worldwide.
Toro Corp. (NASDAQ: TORO), a global energy transportation services provider, has completed the sale of its LPG carrier vessel Dream Syrax on September 3, 2025. The 2015-built vessel, with a capacity of 5,000 cbm, has been successfully delivered to its new owner.
Following this transaction, Toro's fleet now consists of three LPG carrier vessels and one MR tanker vessel that transport petrochemical gases and refined petroleum products worldwide. The company continues to operate as a Marshall Islands-incorporated entity with its shares trading on the Nasdaq Capital Market.
Toro Corp. (NASDAQ: TORO), a global energy transportation services provider, has announced the final results of its tender offer that expired on August 7, 2025. The company will purchase 20,344 common shares at $2.75 per share, resulting in an aggregate cost of approximately $55,946.00 excluding fees.
Following a previously announced sale of one LPG carrier, Toro's fleet will consist of three LPG carriers and one MR tanker vessel that transport petrochemical gases and refined petroleum products worldwide.
Toro Corp. (NASDAQ: TORO), a global energy transportation services provider, has announced its 2025 Annual General Meeting of Shareholders scheduled for September 12, 2025 at 5:00 p.m. local time in Limassol, Cyprus. The company has set July 14, 2025 as the record date for determining shareholders eligible to vote.
Toro operates a fleet of oceangoing vessels, which will include three LPG carriers and one MR tanker vessel following the completion of a previously announced sale of one LPG carrier. These vessels transport petrochemical gases and refined petroleum products worldwide.
FAQ
What is the current stock price of Toro (TORO)?
What is the market cap of Toro (TORO)?
