Ship Finance

SFL Corp. Ltd. engages in the ownership and operation of vessels and offshore related assets. It is also involved in the charter, purchase, and sale of assets. The firm operates through subsidiaries located in Bermuda, Cyprus, Malta, Liberia, Norway, the United Kingdom, and the Marshall Islands. The company was founded on October 10, 2003 and is headquartered in Hamilton, Bermuda.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Ship Finance (SFL) posts strong Q4 earnings, eyes offshore market

Ship Finance (SFL) delivered robust financial results in Q4 2022, showcasing revenue growth, profitability, and a commitment to shareholder returns.
With a strong balance sheet, diversified fleet, and focus on sustainability, the company is well-positioned to navigate industry challenges and capitalize on growth opportunities.
Investors can find confidence in Ship Finance's performance, strategic initiatives, and positive market outlook, underlining its resilience and potential for long-term value creation.

Ship Finance (SFL) posts strong Q1 results, eyes sustainable growth

Ship Finance (SFL) delivered a strong performance in Q1 2023, with solid charter revenues, strategic investments, and a focus on operational efficiency. The company's financial stability, dividend policy, and fleet optimization efforts underscore its resilience and long-term growth potential.
While facing challenges related to market uncertainties and sustainability requirements, Ship Finance remains proactive in addressing operational risks and optimizing its capital structure. The company's commitment to shareholder value, market opportunities, and sustainable growth positions it well for future success.
With a robust backlog, new contract wins, and a prudent financial strategy, Ship Finance is poised to navigate industry challenges and capitalize on emerging opportunities. By leveraging its strengths in asset management and market insights, the company can drive sustainable growth and value creation for stakeholders.

Ship Finance (SFL) reports solid Q2 earnings, eyes growth opportunities

Ship Finance (SFL) delivered strong financial results in Q2 2023, supported by a robust charter backlog and strategic fleet enhancements.
While facing short-term challenges like cost carryovers and regulatory uncertainties, the company remains focused on growth opportunities in new contracts and vessel operations.
Investors can expect improved performance in Q3, driven by the drilling rig's operations and the container segment's efficiency and high utilization rates.

Ship Finance (SFL) reports robust Q3 performance and strategic growth

Ship Finance's Q3 earnings call highlighted solid financial performance, strategic initiatives, and a positive outlook supported by a strong charter backlog and dividend increase.
While facing operational challenges and complexities, the company showcased resilience and adaptability, positioning itself for sustainable growth and value creation.
By focusing on ESG initiatives, managing operational expenses, and exploring new opportunities, Ship Finance aims to navigate challenges and capitalize on growth prospects in the maritime industry.

Ship Finance (SFL) posts strong Q4 results, eyes growth opportunities

Ship Finance (SFL) delivered robust financials, maintained dividend streak, and focused on long-term charters for stability.
Strategic fleet composition, ESG initiatives, and financial strength position the company well for future growth.
Challenges in the dry bulk segment and market uncertainties require prudent capital deployment and operational efficiency.

Ship Finance (SFL) posts strong Q1 earnings, eyes growth opportunities

Ship Finance (SFL) delivered robust financial results, showcasing resilience and strategic growth initiatives in a dynamic market environment.
While facing industry challenges and uncertainties, the company's transparent financial reporting and proactive management approach position it well to capitalize on opportunities and navigate potential risks.
Investors can find confidence in Ship Finance (SFL)'s strong performance, diversified asset base, and strategic focus on long-term value creation, supported by a clear dividend strategy and growth-oriented acquisitions.

Ship Finance (SFL) reports strong Q2 earnings, eyes growth opportunities

Ship Finance (SFL) delivered a robust performance in Q2 2024, driven by strong revenues, EBITDA equivalent cash flow, and net income. With a significant fixed rate backlog and diversified fleet, SFL remains well-positioned to navigate market challenges and capitalize on growth opportunities.

Ship Finance (SFL) reports strong Q3 earnings and growth opportunities

Ship Finance (SFL) delivered a robust performance in Q3 2024, demonstrating financial strength, operational efficiency, and strategic investments in fleet expansion.
While facing challenges related to revenue recognition complexities and managing older vessels, the company remains well-positioned to capitalize on growth opportunities in the maritime industry.
By focusing on financial stability, operational excellence, and strategic growth initiatives, Ship Finance aims to sustain its competitive edge and drive long-term value for shareholders.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

SFL Corporation Ltd. (NYSE: SFL) (“SFL” or the “Company”) today announced that 480,000 options were awarded to employees and board members as part of the management incentive program. The options have been issued pursuant to the Company's Share Option Scheme and will have a five-year term with a three-year vesting period. The initial strike price is $8.79 and the first options will be exercisable from May 2022.

SFL - Options awarded to employees and board members

SFL Corporation Ltd (SFL) CEO Ole Hjertaker on Q1 2021 Results - Earnings Call Transcript

Please find enclosed the presentation of the preliminary first quarter results to be held May 12, 2021, in the link below.

SFL - First Quarter 2021 Results Presentation

P reliminary Q 1 20 2 1 results and quarterly cash dividend of $ 0. 1 5 per share

SFL - Preliminary Q1 2021 results and quarterly cash dividend of $0.15 per share

SFL Corporation Ltd. today successfully placed USD 150 million in senior unsecured sustainability-linked bonds due 12 May 2026. The bonds will pay a coupon of 7.25% per annum, and net proceeds will be used to refinance existing bonds and for general corporate purposes. An application will be made for the bonds to be listed on Oslo Stock Exchange.

SFL - Successful placement of 5-year inaugural sustainability-linked bonds

SFL Corporation Ltd. (NYSE: SFL) (“SFL” or the “Company”) announced today that it has entered into an agreement with a major European-based automobile manufacturer to charter two newbuild dual-fuel 7,000 CEU car carriers for a 10-year period from delivery in 2023. The contract is on a time-charter basis, and until the new vessels are delivered they will charter our two existing car carriers SFL Composer and SFL Conductor. Concurrently, SFL has agreed to construct the two newbuild vessels at a leading shipyard in China, subject to final documentation. The transaction is estimated to add more than $200 million in fixed-rate charter backlog, and we are adding state-of-the-art vessels designed to use liquefied natural gas (LNG) to our fleet. In addition, we intend to cooperate with our customer to use eco-friendly bio-fuel for the propulsion of the two existing vessels. Ole B. Hjertaker, CEO of SFL Management, said in a comment: «We are extremely honoured to be selected by an industry leading automobile manufacturer with clear environmental ambitions. This transaction shows our commitment to invest in assets with lower carbon footprint and also how we can improve performance of existing vessels through the use of alternative fuels, in line with our ESG strategy. Over the last 10 years, SFL's fleet has transitioned from predominately oil production and transportation assets, to mainly consisting of containerships and dry bulk vessels today. Including this new transaction, our fixed-rate charter backlog from shipping assets will be more than $2.4 billion.» April 28, 2021

SFL - Newbuild order for two LNG-fuelled car carriers and long-time charters

SFL Corporation Ltd. (the “Company” or "SFL") has mandated DNB Markets as Joint Bookrunner and Sustainability Structuring Advisor and Arctic Securities and Pareto Securities as Joint Bookrunners to arrange a series of fixed income investor calls commencing on Tuesday, April 27. A USD denominated 5-year senior unsecured sustainability-linked bond issue may follow, subject to, inter alia, market conditions. Net proceeds from the bond issue will be used to refinance existing bonds and for general corporate purposes.

SFL - Fixed income investor calls and contemplated sustainability-linked bond issue

SFL Corporation Ltd. (NYSE: SFL) (“SFL” or the “Company”) advises that the 2021 Annual General Meeting of the Company will be held on May 26, 2021. A copy of the Notice of Annual General Meeting and associated information including the Company's Annual Report on Form 20-F can be found on the Company's website at www.sflcorp.com and in the attached links below.

SFL - Notice of Annual General Meeting 2021

SFL Corporation Ltd. (NYSE: SFL) (“SFL” or the “Company”) announces that its annual report on Form 20-F for the financial year ended December 31, 2020 (the “Annual Report”) has been filed with the U.S. Securities and Exchange Commission (the “Commission”). The Annual Report may be accessed through SFL's website, www.sflcorp.com, or directly in the link below. The Annual Report is also available on the website of the Commission at www.sec.gov.

SFL - Filing of 2020 Annual Report on Form 20-F

SFL Corporation Ltd. (SFL) CEO Ole Hjertaker on Q4 2020 Results - Earnings Call Transcript

Shares at multi-year lows after the company's material exposure to ailing offshore driller Seadrill required the second dividend cut in 2020. Discussing potential impact from the upcoming Seadrill restructuring.

SFL Corporation: Speculative Buy Despite Material Near-Term Impact From The Upcoming Seadrill Restructuring

SFL Corporation Ltd. (NYSE: SFL) (“SFL” or the “Company”) announced today that it has entered into an agreement with Seadrill Limited (“Seadrill”) in respect of funds in certain bank accounts pledged to SFL. Pursuant to the terms of this agreement, Seadrill agrees to continue to pay SFL approximately 71% of the existing contracted lease hire relating to the West Hercules and the West Linus in exchange for Seadrill's ability to withdraw funds to pay operating expenses relating to the two rigs. Any hire received by Seadrill relating to the sub-charters on these two rigs in excess of the withdrawn amounts will remain in Seadrill's earnings accounts pledged to SFL.

SFL - Seadrill Update and Reduction in Ownership Interest in Four Container Leases

AP Moller - Maersk A/S

Danaos

International Seaways

Matson

Nordic American Tankers

Star Bulk Carriers

These are the shipping stocks with the best value, fastest growth, and most momentum for Q1 2021.

Top Shipping Stocks for Q1 2021

DHT Holdings

Euronav

Teekay Tankers

These are the oil tanker stocks with the best value, fastest growth, and best performance for Q1 2021.

Top Oil Tanker Stocks for Q1 2021

SFL Corporation (SFL) delivered earnings and revenue surprises of 16.67% and 0.03%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

SFL Corporation (SFL) Q3 Earnings and Revenues Surpass Estimates

The company's 84 maritime vessels are all back operating, but a dividend cut scared investors.

Why SFL Shares Sank 15% Today

SFL Corporation Ltd. (SFL) CEO Ole Hjertaker on Q3 2020 Results - Earnings Call Transcript

Frontline

Teekay LNG Partners

These are the oil tanker stocks with the best value, growth, and most momentum for Q4 2020.

Top Oil Tanker Stocks for Q4 2020

SFL Corporation Ltd. (SFL) CEO Ole Hjertaker on Q2 2020 Results - Earnings Call Transcript

SFL Corporation (SFL) delivered earnings and revenue surprises of 52.94% and 1.99%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

SFL Corporation (SFL) Surpasses Q2 Earnings and Revenue Estimates

SFL Corporation (SFL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate SFL Corporation (SFL) to Report a Decline in Earnings: What to Look Out for

SFL Corporation Ltd. (SFL) CEO Ole Hjertaker on Q1 2020 Results - Earnings Call Transcript

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Should Value Investors Buy SFL Corporation (SFL) Stock?

With rising charter rates, consider these three shipping stocks screaming buys for both high dividend yield and price appreciation.

3 High-Dividend Shipping Stocks to Buy as Oil Remains in Contango

American States Water

eXp World Holdings Inc

ICU Medical

Universal Technical Institute

Increased analyst coverage over the last few weeks might lead to solid price appreciation for these stocks.

News for Ship Finance Stock (SFL)