Hafnia LimitedHAFN
▲ PositiveCapitalrelevance
Q2 EPS and revenue beat estimates, with strong TCE and EBITDA growth.
Impact on stocks 1
Energy
Hafnia LimitedHafnia reported second-quarter GAAP earnings of $0.56 per share, beating estimates by $0.05, with revenue of $505.66 million, up 45.9% year-over-year and surpassing expectations by $110.91 million. Fee-based earnings rose to $8.8 million from $7.9 million a year earlier, while TCE earnings climbed 61.3% to $372.9 million, with an average TCE of $44,093 per day. Adjusted EBITDA surged 114.1% to $287.3 million. As of August 17, 80% of fleet earning days for the third quarter were covered at $30,716 per day. Net asset value stood at approximately $4.4 billion, or $8.89 per share (NOK 88.47) at quarter-end.
Hafnia LimitedQ2 EPS and revenue beat estimates, with strong TCE and EBITDA growth.