NYSE$SFL
SFL Corporation Ltd · Q1 2026 earnings
Q1 2026 earnings · · Before market open · Investor relations
Briefing
SFL Q1 2026: $174.5M revenue, $26.1M net income as vessel sales boost results
SFL Corporation Ltd. filed unaudited Q1 2026 financial statements on May 13, 2026, for the three months ended March 31, 2026. Total operating revenues were $174.5 million versus $186.7 million in Q1 2025, comprising time charter revenues of $133.8 million, voyage charter and pool revenues of $14.7 million, and drilling contract revenues of $23.0 million. The company recorded an $11.5 million gain on vessel sales. Operating income was $56.4 million compared with $10.7 million a year ago, when results were weighed down by a $34.1 million vessel impairment. Net income was $26.1 million ($0.20 basic and diluted EPS) versus a $31.9 million net loss in Q1 2025. Comprehensive income was $28.8 million. Cash and cash equivalents were $127.6 million at March 31, 2026; total assets $3.56 billion. Interest expense was $38.1 million, down from $46.2 million in Q1 2025.
- Total operating revenues $174.5 million; operating income $56.4 million; net income $26.1 million ($0.20 EPS).
- Gain on sale of vessels $11.5 million; prior-year Q1 included $34.1 million vessel impairment charge.
- Time charter revenues $133.8 million; drilling contract revenues $23.0 million; voyage/pool revenues $14.7 million.
- Cash $127.6 million at quarter end; net cash from operating activities $34.1 million.
- Comprehensive income $28.8 million including $2.7 million of other comprehensive income from hedging.
Headline financials
Revenue & EPS history
SFL · Revenue · Quarterly
$174M
Revenue by segment
SFL · $172M total across 3 segments · Q1 2026
- Time charter revenues$134M—78.0%
- Drilling contract revenues$23M—13.4%
- Voyage charter and pool$14.7M—8.6%
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports · overlaid with Q1 2026
+0.8%
Avg return
Earnings day
+0.2%
Avg return
5 days after
-2.6%
Avg return
30 days after
54%
34 / 63 earnings
Positive
+12.9%
Q4 2021
Best reaction
-16.7%
Q2 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.9% | -2.2% | -10.2% | |
| Q4 2026 | +6.6% | +3.7% | -6.7% | |
| Q2 2025 | -16.7% | -9.2% | -11.7% | |
| Q1 2025 | -0.6% | -0.2% | -1.5% | |
| Q4 2024 | -5.6% | -14.1% | -24.2% | |
| Q3 2024 | -1.4% | -5.0% | -2.2% | |
| Q1 2024 | -2.4% | -2.0% | -6.2% | |
| Q3 2023 | -1.8% | -0.2% | +1.7% | |
| Q2 2023 | +2.7% | +2.0% | +2.0% | |
| Q1 2023 | -2.6% | +0.1% | +9.0% | |
| Q4 2022 | -2.7% | -1.9% | -12.0% | |
| Q2 2022 | +7.2% | +2.9% | -2.3% | |
| Q1 2022 | +8.5% | +11.8% | +8.0% | |
| Q4 2021 | +12.9% | +12.6% | +14.1% | |
| Q3 2021 | -5.0% | -8.4% | -10.7% | |
| Q2 2021 | +7.2% | +10.1% | +13.5% | |
| Q1 2021 | +10.6% | +11.1% | +8.3% | |
| Q4 2020 | -8.5% | -0.7% | +3.1% | |
| Q3 2020 | -10.9% | -6.0% | -13.0% | |
| Q2 2020 | -4.6% | -6.8% | -6.7% | |
| Q1 2020 | +0.8% | -1.7% | -0.8% | |
| Q4 2019 | -0.6% | -1.8% | -41.1% | |
| Q3 2019 | -2.4% | -2.1% | +0.7% | |
| Q2 2019 | +9.8% | +7.0% | +10.1% | |
| Q1 2019 | +3.6% | -1.2% | -4.4% | |
| Q4 2018 | -0.4% | -1.5% | -2.2% | |
| Q3 2018 | +6.4% | +3.3% | -9.2% | |
| Q2 2018 | -0.3% | -0.3% | -6.4% | |
| Q1 2018 | +4.2% | +7.6% | +3.8% | |
| Q4 2017 | -4.6% | -4.6% | -5.6% | |
| Q3 2017 | +5.0% | +4.7% | +2.0% | |
| Q2 2017 | -4.7% | -4.7% | +5.8% | |
| Q1 2017 | +3.4% | +5.4% | +1.9% | |
| Q4 2016 | +3.4% | +0.3% | +0.7% | |
| Q3 2016 | +3.6% | +4.0% | +6.5% | |
| Q2 2016 | -2.1% | -1.0% | -2.8% | |
| Q1 2016 | -2.1% | -2.0% | -6.1% | |
| Q4 2015 | +7.6% | — | — | |
| Q3 2015 | +3.5% | — | — | |
| Q2 2015 | +10.4% | — | — | |
| Q1 2015 | +10.0% | — | — | |
| Q4 2014 | +4.4% | — | — | |
| Q3 2014 | +2.8% | — | — | |
| Q2 2014 | +1.2% | — | — | |
| Q1 2014 | +0.2% | — | — | |
| Q4 2013 | +6.4% | — | — | |
| Q3 2013 | +0.4% | — | — | |
| Q2 2013 | +0.5% | — | — | |
| Q1 2012 | -4.1% | — | — | |
| Q1 2013 | -4.4% | — | — | |
| Q2 2012 | -3.8% | — | — | |
| Q4 2012 | +0.5% | — | — | |
| Q3 2011 | -8.2% | — | — | |
| Q3 2012 | +4.9% | — | — | |
| Q4 2011 | -0.3% | — | — | |
| Q2 2011 | -0.3% | — | — | |
| Q1 2011 | +0.3% | — | — | |
| Q4 2009 | +0.2% | — | — | |
| Q4 2010 | +0.2% | — | — | |
| Q4 2008 | +0.2% | — | — | |
| Q3 2010 | -0.8% | — | — | |
| Q2 2010 | -0.6% | — | — | |
| Q1 2010 | +5.5% | — | — |
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