Quarterly ResultMay 12, 2026, 06:02 AM
SFL Corp Q1 2026 Results: Dividend Increased to $0.22; Net Income $26M
AI Summary
SFL Corp Ltd. announced preliminary financial results for Q1 2026, reporting total operating revenues of $174 million and a net income of $26 million, or $0.20 per share. The company declared its 89th consecutive quarterly cash dividend, increasing it to $0.22 per share. Key business updates include securing a $170 million drilling contract for the Hercules rig and refinancing two rigs with $250 million in new credit facilities.
Key Highlights
- Quarterly cash dividend increased to $0.22 per share, marking the 89th consecutive dividend.
- Total operating revenues reached $174 million, with 87% from shipping and 13% from energy.
- Adjusted EBITDA was $108 million, including $8 million from associated companies.
- Reported net income was $26 million, or $0.20 per share.
- Secured a $170 million drilling contract for the semi-submersible rig Hercules.
- Refinanced the Linus and Hercules rigs with $250 million in new credit facilities.
- Successfully closed a $75 million bond tap issue subsequent to quarter end.