SFL reports Q3 2026 net income, $5 bn charter backlog and major fleet transactions
SFL Corporation posted third‑quarter net income of roughly $37 million and earnings of $0.26 per share. The company declared a $0.22 dividend and confirmed a $5 billion fixed‑rate charter backlog, 58 % of which is with investment‑grade customers. It sold seven tankers to Trafigura, expecting about $175 million of gain and $275 million of net cash proceeds, and added a $750 million charter extension with Hapag‑Lloyd. New orders include three ammonia carriers and two container ships, while 14 vessels remain under construction.
Why it matters
The company says the tanker sales and charter extension will generate a $175 million gain and $275 million of cash, bolstering liquidity. Management expects the Hercules drilling rig to start delivering significant cash flow from March 2027.
Key facts
- 1Net income was $37 million, or $0.26 per share. finance.yahoo.com
- 2The dividend declared is $0.22 per share. finance.yahoo.com
- 3Fixed‑rate charter backlog is approximately $5 billion. royalgazette.com
- 4A seven‑year charter extension with Hapag‑Lloyd added about $750 million to contracted revenue. royalgazette.com
- 5Sale of four LR2 and three Suezmax tankers is expected to generate roughly $275 million in net cash proceeds. royalgazette.com
- 6The same tanker sales are expected to produce a $175 million gain. royalgazette.com
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.