Toro Corp Stock Price, News & Analysis

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.

Toro Corp. (NASDAQ: TORO) reported Q1 2025 financial results with net income of $1.6 million, down 92.8% from $22.1 million in Q1 2024. Total vessel revenues decreased 14.1% to $5.5 million, while EBITDA from continuing operations was $1.0 million.

The company's cash position strengthened to $92.7 million as of March 31, 2025, up from $37.2 million in December 2024. Key developments include the full repayment of a $100 million loan from Castor Maritime, acquisition of a 2021-built MR tanker for $36.25 million, and announcement of a share repurchase tender offer for 4.5 million shares at $2.75 per share.

The company also agreed to sell its LPG Dream Syrax vessel for $18.0 million and completed the spin-off of its Handysize tanker segment to Robin Energy Ltd. The fleet earned an average Daily TCE Rate of $11,480 during Q1 2025, compared to $13,048 in Q1 2024.

Toro Corp. (NASDAQ: TORO), a global energy transportation services provider, has announced a self tender offer to purchase up to 4,500,000 shares at $2.75 per share using available cash and cash equivalents. The tender offer will expire on August 7, 2025, unless extended or withdrawn.

The Company's Board of Directors initiated this share repurchase program based on Toro's current cash position and stock price. The tender offer is not contingent on a minimum number of shares being tendered. Toro has appointed Broadridge Corporate Issuer Solutions LLC as the depositary and Georgeson LLC as the information agent for the tender offer.

Currently, Toro operates a fleet of four LPG carriers (with M/T Dream Syrax scheduled for sale) and has an agreement to acquire one MR tanker.

Toro Corp. (NASDAQ: TORO), a global energy transportation services provider, has announced the sale of its LPG carrier vessel Dream Syrax to a subsidiary of Robin Energy Ltd. for $18 million. The 2015-built 5,000 cbm vessel sale was approved by independent board members, as Robin Energy is controlled by Toro's Chairman and CEO.

Following this transaction, Toro's fleet will consist of three LPG carriers and one MR tanker (pending acquisition announced on June 11, 2025). The vessel delivery is expected during Q3 2025, subject to customary closing conditions.