Hafnia Reports Q1 NAV per Share of $8.09
Reports Q1 NAV per share $8.09. Mikael Skov, CEO of Hafnia, commented: "The first quarter of 2026 was defined by a geopolitical disruption to global oil markets without modern precedent. The closure of the Strait of Hormuz fundamentally reshaped global crude and refined product trade flows. At the same time, attacks on Middle East refineries, refinery run cuts, and export restrictions in Asia further disrupted supply chains and trade volumes across multiple regions. The loss of an estimated 12.8 million barrels per day in global oil supply triggered a rapid rerouting of crude and refined product supply chains. This was partially offset by increased production from Atlantic Basin and the International Energy Agency's coordinated release of up to 400 mb from strategic reserves to help fill the supply gap."
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- Dividend Announcement: Hafnia Limited announced key information regarding its Q1 2026 dividend on May 27, 2026, indicating a commitment to shareholder returns amid stable financial performance.
- Ex-Dividend Dates: The company's shares will trade ex-dividend on the Oslo Stock Exchange starting June 3, 2026, and on the New York Stock Exchange from June 4, 2026, highlighting its active presence in global markets.
- Company Overview: Hafnia is one of the world's leading tanker operators, managing around 200 vessels and offering a fully integrated shipping platform, including technical management and commercial chartering services, underscoring its significant role in the industry.
- Employee Base: With offices in Singapore, Copenhagen, Houston, and Dubai, Hafnia employs over 4,000 people, reflecting its extensive influence in the global shipping market.
- Earnings Announcement: Hafnia (HAFN) is set to announce its Q1 earnings on May 27 before market open, with a consensus EPS estimate of $0.78, reflecting a substantial year-over-year increase of 500%, indicating strong performance in a volatile market.
- Revenue Growth Expectations: Analysts project Hafnia's Q1 revenue to reach $400 million, representing a 17.5% year-over-year growth, which suggests a sustained momentum in revenue growth that could further bolster investor confidence.
- Performance Beat Record: Over the past year, Hafnia has exceeded EPS estimates 75% of the time and revenue estimates 100% of the time, showcasing a consistent performance that may attract more investor interest.
- Forecast Revision Trends: In the last three months, both EPS and revenue estimates for Hafnia have seen one upward revision each with no downward adjustments, reflecting a positive market outlook on the company's future performance, which could have a favorable impact on its stock price.
- Quarterly Dividend Announcement: Hafnia has declared a quarterly dividend of $0.2877 per share, payable on June 16, which reflects the company's financial stability in a volatile market and boosts investor confidence.
- Shareholder Record Date: The record date for the dividend is June 4, with the ex-dividend date also on June 4, ensuring that eligible shareholders can receive their dividends promptly, thereby enhancing shareholder return expectations.
- Financial Performance Highlights: Hafnia reported a GAAP EPS of $0.36 and revenue of $412.9 million in its latest earnings report, indicating sustained growth in both revenue and profitability, which strengthens market confidence in its future performance.
- Market Outlook: Despite market volatility, the rationale for Hafnia's stock price upside remains logical, as investors maintain an optimistic outlook on future earnings, reflecting the company's competitiveness and growth potential within the industry.
- Financial Highlights: Hafnia's Q1 2026 GAAP EPS stands at $0.36 with revenue reaching $412.9 million, reflecting a robust 21.3% year-over-year growth, indicating strong market performance and growth potential.
- Fee-Based Business Performance: Although earnings from fee-based businesses slightly decreased to $7.8 million, the overall revenue growth demonstrates Hafnia's ongoing efforts to diversify its income sources.
- Time Charter Earnings: Time Charter Equivalent earnings surged to $282.5 million from $218.8 million in Q1 2025, with an average daily rate of $30,327, showcasing the company's competitiveness in the charter market.
- Dividend Distribution Plan: Hafnia plans to distribute a total of $143.8 million in dividends, or $0.2877 per share, with a payout ratio of 80%, reflecting the company's commitment to shareholder returns and its solid financial health.
- Strong Financial Performance: Hafnia reported a net profit of $179.7 million for Q1 2026, a remarkable 184% increase from $63.2 million in Q1 2025, with earnings per share rising from $0.13 to $0.36, showcasing the company's enhanced profitability amid market turmoil.
- Time Charter Revenue Growth: The Time Charter Equivalent (TCE) earnings reached $282.5 million in Q1, up 29.2% from $218.8 million in the same quarter last year, with an average daily rate of $30,327, reflecting the company's successful operational optimization during global oil market disruptions.
- Asset Value Increase: By the end of Q1 2026, Hafnia's net asset value stood at approximately $4 billion, or $8.09 per share, a $500 million increase from Q4 2025, primarily driven by higher vessel valuations, which bolstered the company's financial stability.
- Commitment to Shareholder Returns: Hafnia announced a total dividend distribution of $143.8 million, or $0.2877 per share, with an 80% payout ratio, demonstrating the company's ongoing commitment to shareholder returns, as shareholders have achieved over 100% total return in the past 12 months.








