SFL stock falls 1.15 percent as ammonia order adds backlog

Published on 10/07/2026 at 00:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

SFL stock was trading at USD 13.35 on October 6, 2026, after the company ordered two ammonia carriers. The charters add USD 162 million to backlog.

SFL, BMG7738W1064, Illustration mit AI erstellt.

SFL Corporation stock (ISIN BMG7738W1064) was trading at USD 13.35 on the NYSE on October 6, 2026, down 1.15 percent from the previous close of USD 13.50. The company had just announced two Very Large Ammonia Carriers and long-term charters that add USD 162 million to its fixed-rate backlog.

Ammonia order expands backlog

According to SFL on October 5, 2026, the vessels will each have capacity for 93,000 cubic meters and are scheduled for delivery from the second quarter of 2028. The expected aggregate yard construction cost is USD 216 million.

The associated time charters with a European investment-grade oil major add a minimum of USD 162 million to fixed-rate charter backlog. SFL said the initial charter period will be determined within six months, while extension options could run for up to four years. The deal therefore improves contracted revenue visibility, but it also commits capital before the vessels enter service.

Quarterly figures beat estimates

SFL's second-quarter 2026 results provide the latest operating benchmark. According to MarketBeat in its October 3, 2026 report, revenue reached USD 200.77 million, up 4.1 percent from the prior year, while earnings per share rose to USD 0.25 from USD 0.01.

The same report said quarterly revenue exceeded the USD 179.65 million consensus estimate by USD 21.12 million. EPS also exceeded the USD 0.14 estimate by USD 0.11, giving the new vessel commitments a stronger earnings backdrop than the prior-year comparison alone suggests.

Consensus target stays above price

MarketBeat reported on October 3, 2026 that two analysts rated SFL Buy and one rated it Hold, producing a Moderate Buy consensus and a USD 14.00 average price target. That target lies 4.87 percent above the October 6 price of USD 13.35, a modest spread that places greater weight on backlog execution and capital discipline.

SFL stock trades below yearly high

SFL stock was trading at USD 13.35 on October 6, 2026, with an intraday range of USD 13.14 to USD 13.46 and a 52-week range of USD 6.73 to USD 13.98. Market capitalization stood at USD 1.8 billion on October 6, 2026.