SFL (NYSE:SFL) reported first-quarter 2026 operating revenue of about $174.5 million and GAAP net income of approximately $26 million, or $0.20 per share, as management highlighted stable contracted cash flows, a growing offshore backlog and unusually strong tanker spot-market earnings.
Chief Executive Officer Ole Hjertaker said the company generated an “EBITDA equivalent cash flow” of $108 million in the quarter, with EBITDA over the past 12 months totaling $443 million. SFL also increased its quarterly dividend to $0.22 per share, marking its 89th consecutive quarterly dividend. Hjertaker said the company has returned about $3 billion, or more than $30 per share, to shareholders through dividends since 2004.
