The company now expects full-year 2026 Time Charter Equivalent (TCE) earnings to reach between USD 1,700 million and 1,900 million, a sharp increase from the previous forecast of USD 1,400 million to 1,600 million. EBITDA projections have been similarly adjusted to a range of USD 1,300 million to 1,500 million, up from the prior estimate of USD 1,000 million to 1,200 million.
In section Releases
TORM plc Raises 2026 Earnings Forecast on Market Strength
Product tanker operator TORM plc has upwardly revised its full-year 2026 financial guidance, citing sustained market strength and effective operational performance. The Hellerup-based company now projects significantly higher earnings than previously anticipated as favorable conditions across the global product tanker sector persist through the fourth quarter.
CEO Jacob Meldgaard attributed the record-level guidance to the company's agility and its ability to capitalize on current freight coverage. Investors can expect a detailed breakdown of these financial results and broader market commentary when the company releases its third-quarter report on November 4, 2026.
Comments (0)
No comments yet. Be the first!