What SFL (SFL) Said on Its Q3 Earnings Call

Impact · against what's priced in

SFL's outlook is bolstered by a significant $175 million book gain from tanker sales and a growing $5 billion fixed-rate backlog, which enhances long-term revenue visibility. While short-term operating expenses are elevated due to the Hercules rig's preparation, the strong spot market performance for Suezmax tankers provides a meaningful Q4 upside.

SFL+0.40

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In context

The company provides new visibility into a $175 million book gain from tanker sales and a $5 billion fixed-rate backlog, while Suezmax spot rates jumped from $80,000 to over $200,000 per day in Q4.

Read from the article alone

• offshore drilling▲300%
• earnings▲7%
• dividends
• SFL
• charter rates
• container ships
• maritime
• oil tankers