Hafnia Reports Record Q1 Net Profit of $179.7M, Declares $0.2877 Dividend, and Forecasts Stronger Q2
HAFN sits 68% above its 52-week low of $4.9.
Summary
Hafnia reported a Q1 net profit of $179.7 million, up significantly year-over-year, and declared an $0.2877 per share dividend, while also forecasting a stronger Q2.
Key Events · Earnings and Guidance · HAFN
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Record Q1 Financial Performance
Net profit surged to $179.7 million ($0.36 EPS) in Q1 2026, a substantial increase from $63.2 million ($0.13 EPS) in Q1 2025.
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Significant Dividend Payout
A dividend of $0.2877 per share, totaling $143.8 million, was declared, representing an 80% payout ratio.
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Strong Operational Metrics
Average Time Charter Equivalent (TCE) earnings reached $30,327 per day, contributing to Adjusted EBITDA of $198.6 million.
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Positive Q2 Outlook
73% of Q2 earning days are covered at an average of $46,600 per day, indicating expectations for a stronger second quarter.
Analysis · HAFN · Energy & Transportation
Hafnia delivered exceptional first-quarter results, significantly exceeding prior year performance with a near threefold increase in net profit. The company's strong operational performance, coupled with a healthy balance sheet and a substantial dividend payout, demonstrates resilience and profitability amidst geopolitical disruptions. The positive outlook for Q2, driven by high charter coverage, suggests continued momentum.
At the time of this filing, HAFN was trading at $8.25 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $4.1B. The 52-week trading range was $4.90 to $9.54. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.