TORM raises 2026 earnings guidance to $1.9 billion

• TORM (NASDAQ:TRMD) raised its full-year 2026 earnings guidance, increasing expected time charter equivalent earnings to USD 1.7–1.9 billion from its previous USD 1.4–1.6 billion range.
• The company also increased expected EBITDA to USD 1.3–1.5 billion from USD 1.0–1.2 billion based on current freight coverage.
• TORM said the updated outlook reflects stronger earnings visibility and expectations for continued fourth-quarter product tanker market strength.

TORM (NASDAQ:TRMD) raised its full-year 2026 guidance for TCE earnings and EBITDA, citing current freight coverage and expectations for continued favorable product tanker market conditions.

The company previously expected TCE earnings of USD 1.4–1.6 billion and EBITDA of USD 1.0–1.2 billion, before increasing both ranges in its latest update.

TORM said the revised guidance is supported by forward freight coverage and improved visibility into expected vessel earnings, while the company plans to release third-quarter 2026 results on November 4, 2026.

The company’s updated forecast covers full-year 2026 operations and reflects its expectations for product tanker market conditions during the fourth quarter.

TORM operates a fleet of product tankers transporting refined oil products globally, with financial performance influenced by freight rates, vessel utilization, and shipping market demand.