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Toro Corp. - $TORO STOCK NEWS

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.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Toro's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Toro's position in the market.

News
Toro Corp. Announces Availability of its 2023 Annual Report on Form 20-F
Rhea-AI Summary
Toro Corp. (NASDAQ: TORO) has filed its annual report on Form 20-F with the SEC, showcasing audited financial statements for the fiscal year ending December 31, 2023. Shareholders can access the report on the SEC and company websites, with the option to request a free hard copy.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.78%
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none
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News
Toro Corp. Reports Net Income of $28.2 Million for the Three Months Ended December 31, 2023 and $140.6 Million for the Year Ended December 31, 2023
Rhea-AI Summary
Toro Corp. (TORO) announces financial results for Q4 2023 and full year 2023, showcasing a significant decrease in total vessel revenues but a substantial increase in net income. The company reported a net capital gain from vessel sales and a successful share repurchase program. Despite revenue decline, Toro's strong balance sheet and debt-free status indicate financial stability and growth potential.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.16%
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none
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News
Toro Corp. Announces the Completion of the Sale of the M/T Wonder Sirius
Rhea-AI Summary
Toro Corp. completed the sale of the M/T Wonder Sirius, an Aframax/LR2 tanker, for $33.8 million, expecting a net gain of $20.9 million, excluding transaction costs, in the first quarter of 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.88%
Tags
none
News
Toro Corp. Announces the Sale of the M/T Wonder Sirius for $33.8 Million with an Expected Net Gain of $20.9 Million
Rhea-AI Summary
Toro Corp. announces the sale of M/T Wonder Sirius, an Aframax/LR2 tanker, for $33.8 million, expected to result in a net gain of approximately $20.9 million for the company. The vessel is set to be delivered to its new owner in the first quarter of 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
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News
Toro Corp. Announces the Completion of the Sale of the M/T Wonder Vega
Rhea-AI Summary
Toro Corp. (NASDAQ: TORO) completed the sale of the M/T Wonder Vega, a 2005-built Aframax tanker, at a price of $31.5 million, expecting to record a net gain of approximately $17.7 million, excluding any transaction-related costs during the fourth quarter of 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.03%
Tags
none
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News
Toro Corp. Announces the Completion of the Sale of the M/T Wonder Formosa
Rhea-AI Summary
Toro Corp. (NASDAQ: TORO) Announces Completion of M/T Wonder Formosa Sale, Expects $9.0 Million Net Gain. The international energy transportation services company, Toro Corp., completed the sale of the 2006-built Handysize tanker, M/T Wonder Formosa, at a price of $18.0 million. The Company anticipates recording a net gain of approximately $9.0 million from the sale, excluding transaction-related costs, in the fourth quarter of 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.23%
Tags
none
News
Toro Corp. Reports Net Income of $35.1 Million for the Three Months Ended September 30, 2023 and $112.4 Million for the Nine Months Ended September 30, 2023
Rhea-AI Summary
TORO: Toro Corp. Announces Q3 and 9-Month Results, 2023. Total vessel revenues decreased by 66.5% for Q3, 2023 compared to 2022. Net income increased by 92.9% for Q3, 2023 compared to 2022. EBITDA increased by 71.8% for Q3, 2023 compared to 2022. The Company announced a share repurchase program of up to $5.0 million. Management aims to return value to shareholders and seeks opportunities for profitable growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.4%
Tags
none
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News
Toro Corp. Announces the Sale of the M/T Wonder Formosa and the M/T Wonder Vega for an Aggregate $49.5 Million and Aggregate Expected Net Gain of $26.7 Million
Rhea-AI Summary
Toro Corp. announces agreements for the sale of two tankers, expecting net gains of $9.0 million and $17.7 million respectively.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.24%
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none
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News
Toro Corp. Reports Net Income of $55.4 Million for the Three Months Ended June 30, 2023 and $77.3 Million for the Six Months Ended June 30, 2023
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.36%
Tags
none
News
Toro Corp. Announces the Delivery of its third LPG Carrier Dream Syrax and the Completion of the Sale of M/T Wonder Avior
Rhea-AI Summary
Toro Corp. completes sale of M/T Wonder Avior for $30.1 million and expects net gain of $18.6 million. Acquires 5,000 cbm LPG carrier Dream Syrax for $16.95 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.93%
Tags
none
Stock TORO logo
Toro Corp.

Nasdaq:TORO

TORO Rankings

#4466 Ranked by Market Cap
#5070 Ranked by Stock Gains
N/A Ranked by Dividends

TORO Stock Data

79.37M
7.65M
51.95%
1.78%
0.44%
Deep Sea Freight Transportation
Transportation and Warehousing
Link
United States of America
Limassol