Torm/$TRMD

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About Torm

TORM PLC operates as a shipping company mainly owning and operating a fleet of product tankers. It is engaged in the transportation of refined oil products and clean petroleum products, including gasoline, jet fuel, naphtha, and diesel oil. The Company operates through two segments: the Tanker segment and the Marine Engineering segment, deriving the majority of its revenue from the Tanker segment.
Ticker
$TRMD
Sector
Energy
Primary listing
NASDAQ
Employees
597
Headquarters
London, United Kingdom
Website
www.torm.com

Torm Metrics

BasicAdvanced
$3.9B
6.23
$6.14
0.04
$2.02
7.32%

What the Analysts think about Torm

Analyst ratings (Buy, Hold, Sell) for Torm stock.
Analyst projections of the future price of Torm stock.

Bulls say / Bears say

TORM delivered record Q2 results, with fleet-wide TCE rates of $59,301 a day, and raised 2026 TCE guidance to $1.4bn-$1.6bn. This gives investors strong near-term earnings momentum and better visibility, with 70% of the year’s earning days already fixed. (PR Newswire)
The clean-product tanker market has tightened structurally: about two-thirds of the LR2 fleet was trading in crude, cutting effective clean-product capacity by roughly 5% from the start of 2026. That supports product-tanker rates even if the immediate geopolitical disruption fades. (SEC)
TORM combines a strong asset base with moderate leverage. Its fleet was valued at $4.06bn, NAV was $3.74bn or $36.50 per share, and net loan-to-value was 22.4%, while the latest interim dividend was $2.40 per share. (SEC, StockTitan)
The earnings surge is heavily linked to the Strait of Hormuz disruption and longer, less efficient trade routes. A ceasefire or a sustained reopening could remove this premium and pull freight rates sharply lower. (PR Newswire)
Forward rate cover is already below the exceptional Q2 level: 73% of Q3 earning days were fixed at $38,606 a day, versus Q2’s realised $59,301. With 10,271 2026 earning days still open, a rate move of $1,000 a day changes EBITDA by about $10m. (The Motley Fool)
TORM is committing to six MR resale vessels and six MR newbuildings, with deliveries running from 2027 to 2029 and options into 2030. This increases cycle-timing and capital-allocation risk because the ships add capacity and require funding after today’s unusually strong rates may have normalised. (SEC)
Data summarised monthly by Lightyear AI. Last updated on 18 Sept 2026.

Torm Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

Torm Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise

Torm News

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Torm Q2 Earnings Call Highlights

MarketBeat4 weeks ago
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