SFL (NYSE:SFL) Issues Quarterly Earnings Results, Beats Expectations By $0.05 EPS

SFL (NYSE:SFL) issued its quarterly earnings results on Wednesday. The shipping company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.05, FiscalAI reports. The firm had revenue of $201.58 million for the quarter, compared to analyst estimates of $187.80 million. SFL had a return on equity of 3.41% and a net margin of 8.76%. The company’s revenue was up 13.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.07 earnings per share.

Here are the key takeaways from SFL’s conference call:

• Charter backlog reached approximately $5 billion, up more than $1.6 billion this year; management said about 58% is with investment-grade counterparties, with a substantial additional share tied to a customer one notch below investment grade.
• New long-term agreements added significant future revenue visibility, including a seven-year extension for six Hapag-Lloyd container ships that adds about $750 million to backlog, plus charters for new container and ammonia vessels.
• Third-quarter revenue was $202 million and net income was $37 million, or $0.26 per share; adjusted EBITDA fell to $122 million from $130 million in the prior quarter, while the company declared its 91st consecutive quarterly dividend of $0.22 per share.
• The agreed sale of seven tankers is expected to generate about $275 million in net cash proceeds and a roughly $175 million book gain as the vessels are delivered. One Suezmax remains in the spot market, offering potential upside but exposing results to volatile rates and voyage-revenue timing.
• Remaining newbuilding commitments total approximately $1.7 billion, while quarter-end cash and undrawn facilities provided more than $270 million of liquidity; management expects to fund the commitments mainly with credit facilities, and Hercules preparation is also contributing to elevated expenses.

SFL Stock Performance

Shares of NYSE SFL traded down $0.58 during mid-day trading on Thursday, hitting $11.13. The company had a trading volume of 889,825 shares, compared to its average volume of 1,472,641. SFL has a 1 year low of $7.41 and a 1 year high of $13.98. The stock’s 50-day moving average price is $12.85 and its 200-day moving average price is $11.44. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 1.75. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of 23.20 and a beta of 0.48.

SFL Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 28th. Stockholders of record on Tuesday, December 15th will be given a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a $0.88 annualized dividend and a dividend yield of 7.9%. SFL’s payout ratio is 183.33%.

SFL News Roundup

Here are the key news stories impacting SFL this week:

• Positive Sentiment: Q3 results topped analyst estimates: SFL reported adjusted earnings of $0.26 per share versus the $0.21 consensus, while revenue of $201.58 million exceeded estimates of $187.80 million and rose 13.4% year over year. The earnings beat and revenue growth could support investor confidence. SFL Q3 results
• Positive Sentiment: Dividend declared: The company announced a quarterly dividend of $0.22 per share, equivalent to $0.88 annually and a stated yield of about 7.5%. The dividend is payable December 28 to shareholders of record December 15. SFL Q3 results and dividend
• Positive Sentiment: New tanker charter and profit boost: TradeWinds reported that SFL secured a Suezmax charter and booked a profit boost, potentially adding to contracted business and earnings. The article listing does not provide further financial details. SFL Suezmax charter report
• Neutral Sentiment: Results-call coverage and a transcript were published, but the supplied article details do not specify additional guidance or risks that would clarify the weaker share performance. SFL Q3 2026 earnings call summary

Analyst Upgrades and Downgrades

A number of analysts recently commented on SFL shares. BTIG Research reaffirmed a “buy” rating and issued a $14.00 target price on shares of SFL in a research report on Wednesday, August 26th. Weiss Ratings raised SFL from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, August 27th. Benchmark restated a “buy” rating on shares of SFL in a report on Wednesday, August 26th. Finally, Wall Street Zen upgraded SFL from a “hold” rating to a “buy” rating in a report on Saturday, August 22nd. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $14.00.

SFL Company Profile

SFL Corporation Ltd. is a maritime and offshore asset-owning company headquartered in Hamilton, Bermuda, and listed on the New York Stock Exchange under the symbol SFL. Formerly known as Ship Finance International Limited, the company was established in 2003 and has developed a diversified portfolio of vessels and offshore assets.

The company primarily acquires, owns and leases assets under long-term charter and lease agreements. Its portfolio has included crude oil and product tankers, dry bulk carriers, container ships, car carriers, offshore drilling units and other specialized maritime assets.