SFL's preliminary Q3 net income climbs 10.5% sequentially
SFL•SFL's preliminary Q3 net income rose 10.5% quarter over quarter to $37.4 million, while adjusted EBITDA was $122 million. The company declared a $0.22 dividend and expects a $175 million book gain from seven tanker sales scheduled for delivery in Q4 2026 and Q1 2027.
1. Quarterly results
SFL's preliminary Q3 net income rose 10.5% sequentially to $37.4 million, and adjusted EBITDA was $122 million. Net income included about $13 million in positive hedge derivative mark-to-market effects and $1 million from equity investments. Container charter hire rose to $85 million from $83 million, while tanker charter hire fell to $56 million from $62 million.
2. Dividend and vessel sales
SFL declared its 91st consecutive quarterly dividend of $0.22 per share. The company announced newbuild orders, charter extensions and vessel sales, and expects a $175 million book gain from seven tanker sales upon deliveries in Q4 2026 and Q1 2027.
