SFL Corp Ltd. Files Q3 2024 Earnings Report

TL;DR

SFL Corp dropped their Q3 earnings report, check it for the latest numbers.

AI Summary

SFL Corporation Ltd. (SFL) filed a 6-K report on November 6, 2024, for the period ending September 30, 2024. The filing includes a press release regarding their third-quarter 2024 earnings. The company is based in Hamilton, Bermuda, and operates in the deep-sea foreign transportation of freight industry.

Why It Matters

This filing provides investors with the latest financial performance data for SFL Corporation Ltd., crucial for assessing the company's operational health and future prospects in the shipping industry.

Risk Assessment

Risk Level: low — This is a routine earnings report filing with no immediate negative or positive news that would significantly alter risk.

Key Players & Entities

• SFL Corporation Ltd. (company) — Filer of the report
• 001-32199 (company) — SEC File Number
• 20240930 (date) — Conformed period of report
• 20241106 (date) — Filing date

FAQ

Key Financial Figures

• $0.27 — results and quarterly cash dividend of $0.27 per share Hamilton, Bermuda, November
• $44.5 m — eclared, $0.27 per share Net profit of $44.5 million, or $0.34 per share in the third
• $0.34 — share Net profit of $44.5 million, or $0.34 per share in the third quarter Receive
• $263.2 million — ird quarter Received charter hire 1 of $263.2 million in the quarter, including $4.2 million
• $4.2 million — 263.2 million in the quarter, including $4.2 million of profit share Adjusted EBITDA 2 of $
• $158.8 million — n of profit share Adjusted EBITDA 2 of $158.8 million from consolidated subsidiaries, plus $7
• $7.9 million — on from consolidated subsidiaries, plus $7.9 million adjusted EBITDA 2 from associated compa
• $1 billion — ba and SFL Bonaire in August More than $1 billion of financing amounts raised Issuance o
• $2 billion — terparties, and we have added more than $2 billion to our backlog so far this year. Our fi
• $4.7 b — ter backlog now stands at approximately $4.7 billion, of which two thirds is to custom
• $255.3 million — n a consolidated basis of approximately $255.3 million in the third quarter of 2024, compared
• $190.9 million — the third quarter of 2024, compared to $190.9 million in the previous quarter. This figure is
• $9.8 million — h received as it excludes approximately $9.8 million of charter hire which is not classified
• $4.3 m — ve mark-to-market effects from swaps of $4.3 million, negative mark-to-market effects
• $0.1 m — rket effects from equity investments of $0.1 million, loss from redemption and buyback

Filing Documents

• sfl-q32024earningsreleasef.htm (6-K) — 195KB
• image_0.jpg (GRAPHIC) — 5KB
• image_1.jpg (GRAPHIC) — 4KB
• image_5.jpg (GRAPHIC) — 0KB
• 0001289877-24-000050.txt ( ) — 208KB

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. SFL Corporation Ltd. Date November 6, 2024 By s Ole B. Hjertaker Name Ole B. Hjertaker Title SFL Management AS (Principal Executive Officer) Preliminary Earnings Release Q3 2024 SFL Corporation Ltd. Preliminary Q3 2024 results and quarterly cash dividend of $0.27 per share Hamilton, Bermuda, November 6, 2024. SFL Corporation Ltd. ("SFL" or the "Company") today announced its preliminary financial results for the quarter ended September 30, 2024. Highlights 83 rd consecutive quarterly dividend declared, $0.27 per share Net profit of $44.5 million, or $0.34 per share in the third quarter Received charter hire 1 of $263.2 million in the quarter, including $4.2 million of profit share Adjusted EBITDA 2 of $158.8 million from consolidated subsidiaries, plus $7.9 million adjusted EBITDA 2 from associated companies Delivery of the newbuild LR2 product tankers SFL Taurus in August and SFL Tigris in October Delivery of the LNG dual-fuel 33,000 dwt chemical tankers SFL Aruba and SFL Bonaire in August More than $1 billion of financing amounts raised Issuance of a new NOK 750 million bond due 2029 Agreed sale of an older 1,700 teu feeder container vessel subsequent to quarter end Ole B. Hjertaker, CEO of SFL Management AS, said in a comment Over the last decade SFL has transformed from a vessel financing provider to a maritime infrastructure company, with the vast majority of assets on long term time charters to end users. As part of this transformation, SFL has taken major steps to renew the fleet with modern high efficiency vessels, including multiple vessels with dual-fuel propulsion on the water and further newbuilds on order. The strength of our operating platform is illustrated by our ability to execute multiple repeat transactions with industry

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View this 6-K filing on SEC EDGAR