SFL Corp

SFL

Market cap $927M

SFL Corporation recently cut its dividend to $0.20 due to soft Q2 results, idle Hercules rig, and vessel sales reducing cash flow. Despite a high 10.3% yield, SFL's dividend coverage is tighter, with high interest expenses and EBITDA estimates at soft levels in the coming years. Valuation appears cheap on book but less attractive on forward cash flow; mid-9x EV/EBITDA isn't compelling given rising leverage and idle assets.

SFL's dividend cut and vessel sales have left the company highly dependent on re-contracting the Hercules rig for future cash flow stability. The Hercules remains idle, incurring high costs, with its next contract opportunity likely not until mid-2026 amid uncertain oil market dynamics. Fleet downsizing and reduced segment earnings have pushed SFL to a near breakeven free cash flow position, raising the risk of further dividend cuts.

SFL Corporation Ltd. (NYSE:SFL ) Q2 2025 Earnings Conference Call August 19, 2025 10:00 AM ET Company Participants Aksel C.

Please find enclosed the presentation of the preliminary second quarter results to be held August 19, 2025, in the link below.   Attachment SFL - Second Quarter 2025 Results Presentation

Preliminary Q2 2025 results and quarterly cash dividend of $0.20 per share Hamilton, Bermuda, August 19, 2025, SFL Corporation Ltd. (“SFL” or the “Company”) today announced its preliminary financial results for the quarter ended June 30, 2025.

SFL Corporation Ltd. ("SFL" or the “Company”) (NYSE: SFL) plans to release its preliminary financial results for the second quarter of 2025 on Tuesday, August 19, 2025.

SFL Corporation Ltd (NYSE:SFL ) Q1 2025 Earnings Conference Call May 14, 2025 10:00 AM ET Company Participants Ole Hjertaker - CEO Trym Sjølie - COO Aksel Olesen - CFO Espen Nilsen Gjøsund - VP, IR Conference Call Participants Gregory Lewis - BTIG Operator [Abrupt Start] Investor relations In SFL. Our CEO, Ole Hjertaker will start the call with an overview of the first quarter highlights, and then our Chief Operating Officer, Trym Sjølie will comment on Vessel performance matters, followed by our CFO Aksel Olesen, who will take us through the financials.

Preliminary Q1 2025 results and quarterly cash dividend of $0.27 per share Hamilton, Bermuda, May 14, 2025, SFL Corporation Ltd. (“SFL” or the “Company”) today announced its preliminary financial results for the quarter ended March 31, 2025.

SFL Corporation Ltd. (the “Company”) advises that the 2025 Annual General Meeting of the Shareholders of the Company was held on 8 May 2025 at 12:00 hrs at Hamilton Princess and Beach Club, 76 Pitts Bay Road, Hamilton HMCX, Bermuda. The audited consolidated financial statements for the Company for the year ended 31 December 2024 were presented to the Meeting.

SFL Corporation Ltd. ("SFL" or the “Company”) (NYSE: SFL) plans to release its preliminary financial results for the first quarter of 2025 on Wednesday, May 14, 2025.