SFL Corporation Ltd. filed a Form 6-K with the U.S. Securities and Exchange Commission on November 4, 2026, announcing preliminary financial results for the quarter ended September 30, 2026, along with its 91st consecutive quarterly cash dividend declaration.

Key Highlights

  • 91st consecutive quarterly dividend declared at $0.22 per share, payable on or around December 28, 2026, with a record and ex-dividend date of December 15, 2026 on the New York Stock Exchange.
  • Total operating revenues of $202 million for Q3 2026, with gross charter hire of $195 million generated by the fleet.
  • Reported net income of $37 million, or $0.26 per share, including approximately $13 million in net positive mark-to-market effects from hedging derivatives and approximately $1 million from equity investments.
  • Adjusted EBITDA of $122 million, including $8 million from associated companies, according to the filing.
  • Fixed-rate charter backlog of approximately $5.0 billion as of September 30, 2026, with a weighted remaining charter term of 7.1 years.
  • Seven-year charter extension with Hapag-Lloyd AG for six 15,400 TEU container vessels, adding approximately $750 million to SFL's fixed-rate charter backlog.
  • Sale of four LR2 and three Suezmax tankers expected to generate net cash proceeds of approximately $275 million and an aggregate book gain of approximately $175 million.

SFL Corporation Q3 2026 Fleet Activity, Financials, and Backlog Details

According to the filing, SFL Corporation Ltd. (NYSE:SFL) reported U.S. GAAP operating revenues of approximately $202 million for the third quarter of 2026, noting that this figure excludes approximately $8 million of charter hire classified as "investment in associates" rather than operating revenues under U.S. GAAP. Net income for the quarter was $37 million, or $0.26 per share. The quarter's net result was affected by non-recurring or non-cash items, including approximately $13 million in net positive mark-to-market effects from hedging derivatives and approximately $1 million in positive mark-to-market effects from equity investments.

The company disclosed a contracted fixed-rate charter backlog of approximately $5.0 billion as of September 30, 2026, with approximately 58% attributable to customers holding an investment-grade credit rating. The filing reported a weighted remaining charter term of 7.1 years. In September 2026, SFL agreed a seven-year charter extension with Hapag-Lloyd AG for six 15,400 TEU container vessels, extending fixed-rate coverage until 2035-2036 and adding approximately $750 million to the backlog. Subsequent to quarter-end, the company announced an agreement to acquire three 93,000 cbm Very Large Ammonia Carriers for delivery in 2028, with long-term time charters adding a minimum of approximately $247 million to its backlog. SFL also agreed to acquire two 8,800 TEU container vessels for delivery in the second half of 2027, with eight-year time charters commencing on delivery.

The company disclosed plans to sell four LR2 product tankers and three Suezmax tankers, all currently on time charter to Trafigura, with net cash proceeds estimated at approximately $275 million and an expected aggregate book gain of approximately $175 million. As of September 30, 2026, cash and cash equivalents were approximately $112 million, with $160 million in undrawn credit lines, for total available liquidity of approximately $272 million. The filing also noted a court ruling in October 2026 by the Borgarting Court of Appeal ordering Seadrill to pay SFL's subsidiary approximately $55 million, while a related judgment ordered SFL to pay Seadrill approximately $12 million.

What Was Disclosed

SFL Corporation filed preliminary Q3 2026 results showing $202 million in operating revenues, $37 million in net income, and a $0.22 per share quarterly dividend, alongside fleet transactions including charter extensions, newbuild acquisitions, and planned vessel sales.