TORM plc Upgrades Full-Year Guidance
TORM plc announces that, based on the Company’s current coverage and expectations for continued market strength during the remainder of the fourth quarter of 2026, TORM has increased its full-year guidance for 2026. TORM now expects full-year 2026 TCE to be in the range of USD 1,700 – 1,900m and full-year 2026 EBITDA to be ...
TORM plc has upgraded its full-year guidance for 2026, expecting earnings and profitability to surpass previous estimates. The company now anticipates total earnings before interest, taxes, depreciation, and amortization (EBITDA) to range between USD 1,300 million and USD 1,500 million, and total earnings (TCE) to fall between USD 1,700 million and USD 1,900 million.
This upgrade follows strong market performance and impressive execution, according to TORM's CEO Jacob Meldgaard. The company's current forward freight coverage and favorable market conditions for product tankers have contributed to this guidance increase, which now stands at record levels. TORM expects to release its third quarter 2026 financial results on November 4, 2026, offering further insight into market and business developments for the period.
Written by urgent.news from Hellenic Shipping News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.