SFL Reports GAAP EPS of $0.01, Exceeding Estimates by $0.06; Revenue of $192.59M Surpasses Expectations by $7.16M
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 19 2025
0mins
Source: SeekingAlpha
Earnings Performance: SFL reported a Q2 GAAP EPS of $0.01, exceeding expectations by $0.06, with revenue of $192.59 million, a 3.1% increase quarter-over-quarter, surpassing estimates by $7.16 million.
Dividends and Charter Hire: The company declared its 86th consecutive quarterly dividend of $0.20 per share and received charter hire totaling $194 million, primarily from shipping (87%) and energy (13%).
Fleet and Financials: SFL operates a container fleet of 30 vessels, generating approximately $82.3 million in charter hire during the quarter, with an adjusted EBITDA of $104 million from consolidated subsidiaries.
Future Plans: A five-year time charter extension for three container vessels with Maersk adds about $225 million to the backlog, while five new vessels are under construction with expected delivery in 2028, requiring around $850 million in capital expenditures.
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Analyst Views on SFL
Wall Street analysts forecast SFL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SFL is 11.00 USD with a low forecast of 11.00 USD and a high forecast of 11.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 8.770
Low
11.00
Averages
11.00
High
11.00
Current: 8.770
Low
11.00
Averages
11.00
High
11.00
About SFL
SFL Corporation Ltd. is a Bermuda-based company, which is primarily engaged in the ownership and operation of vessels and offshore related assets, and involved in the charter, purchase, and sale of assets. The Company is involved in ship ownership and chartering, with a diversified asset base across maritime, shipping, and offshore sectors. Its assets include approximately 18 tankers, 15 dry bulk carriers, 29 container vessels, two drilling rigs, and seven car carriers. Its vessels include SFL Yangtze, SFL Yukon, SFL Sara, SFL Kate, SFL Humber, SFL Hudson, Arabian Sea, Thor Highway, Odin Highway, Maersk Pelepas, Maersk Phuket Maersk, Linus, SFL Puma, SFL Panther, Semi-submersible, SFL Albany, SFL Fraser, among others. It also holds partial ownership in approximately four leased-in container vessels. Its subsidiaries include SFL Management AS, SFL UK Management Ltd, SFL Management (Bermuda) Limited, SFL Management (Singapore) Pte. Ltd., among others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
SFL Corporation Sells Two Suezmax Tankers for $57 Million Each
- Asset Monetization: SFL Corporation has agreed to sell two 2015-built Suezmax tankers for approximately $57 million each, with net proceeds estimated at around $26 million per vessel, demonstrating effective asset management by the company.
- Financial Gains: The transaction is expected to yield an aggregate book gain of about $23 million, further strengthening SFL's financial position and providing capital for future investments.
- Market Strategy: SFL has also mutually agreed to terminate charters for two 2020-built tankers with the same charterer, indicating the company's flexibility in optimizing fleet configuration and responding to market changes.
- Reinvestment Plans: A portion of the proceeds will be reinvested in younger, more fuel-efficient vessels to capitalize on the current strong charter market, reflecting the company's proactive approach to future market opportunities.
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SFL Sells Two Suezmax Tankers for $57 Million Each
- Transaction Overview: SFL Corporation has agreed to sell two 2015-built Suezmax tankers for approximately $57 million each, with expected net proceeds of about $26 million per vessel, demonstrating effective asset management by the company.
- Financial Impact: The transaction is anticipated to yield an aggregate book gain of around $23 million, further strengthening SFL's financial position and providing capital for future investments.
- Market Strategy: SFL has also agreed to terminate charters for two 2020-built tankers with Koch, indicating a strategic decision to optimize fleet structure and enhance operational efficiency.
- Future Outlook: The company plans to employ the retained vessels in the spot market and may seek longer-term charters, aiming to capitalize on the current strong charter market to enhance overall revenue generation.
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