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SFL Corporation (SFL)
NYSE:SFL
Earnings Data
Report Date
May 08, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.02Last Year’s EPS
0.35Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 12, 2025
|% Change Since: -13.19%
|Next Earnings Date:May 08, 2025
Earnings Call Sentiment|Neutral
The earnings call reveals strong financial metrics and strategic investments in vessel deliveries and backlog growth, offset by challenges with rig utilization and a decline in operating revenue. The successful financing efforts and positive legal rulings contribute positively, but the operational challenges create a balanced outlook.Company Guidance
In the recent conference call, SFL provided guidance highlighting several key metrics. The company's EBITDA equivalent for the last 12 months was reported at $581 million, with a net income of approximately $20 million, translating to $0.15 per share. The fixed rate backlog stands at around $4.3 billion, with two-thirds attributed to investment-grade customers. SFL declared a quarterly dividend of $0.27 per share, representing a 10% yield. The company raised $1.3 billion in financing in 2024, including $220 million in senior unsecured bonds, and recently issued a $150 million senior unsecured bond in the Nordic market. The fleet reported a charter revenue of about $232 million in Q4, with a 98.3% overall utilization rate. The Hercules rig generated $34 million in revenue, but faced a 67% availability due to idle periods. The company also noted a court ruling ordering Seadrill to pay $48 million in compensation, which has yet to be included as an asset on the balance sheet.Increased EBITDA and Strong Backlog
EBITDA equivalent for the last 12 months was $581 million, with a fourth quarter net income of $20 million. The fixed-rate backlog stands at approximately $4.3 billion, with 2/3 of this from investment-grade customers.
Dividend Yield and Vessel Deliveries
A quarterly dividend of $0.27 per share was declared, representing around a 10% dividend yield. The company took delivery of 9 new vessels in 2024, including dual-fuel chemical carriers.
Successful Financing Efforts
SFL raised $1.3 billion in financing, including $220 million in senior unsecured bonds. Subsequent to year-end, a $150 million senior unsecured bond loan was raised in the Nordic market.
Seadrill Dispute Ruling
Seadrill was ordered to pay SFL approximately $48 million in a compensation ruling, though this is subject to appeal.
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SFL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SFL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 12, 2025 | $10.99 | $10.37 | -5.64% |
| Nov 06, 2024 | $10.43 | $10.16 | -2.59% |
| Aug 14, 2024 | $10.89 | $11.01 | +1.10% |
| May 14, 2024 | $13.36 | $13.22 | -1.05% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does SFL Corporation (SFL) report earnings?
SFL Corporation (SFL) is schdueled to report earning on May 08, 2025, TBA Not Confirmed.
What is SFL Corporation (SFL) earnings time?
SFL Corporation (SFL) earnings time is at May 08, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SFL EPS forecast?
SFL EPS forecast for the fiscal quarter 2025 (Q1) is -0.02.
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