TRMD Research | Milton Maxwell

TRMD

TORM plc

20.03

-0.44-2.15%

Dec 16, 4:00:01 PM EST

Upcoming Earnings

Report date

-/-

Earnings Call Transcripts

This Quarter (Q1 '26)

No earnings call transcript available yet

Last Quarter (Q4 '25)

FY Q4 '25

Guidance details, LR2 dirty trading color

2/25/26Feb 25, 2026

Q&A largely reaffirmed the prepared remarks' upbeat outlook, with management detailing their 2026 TCE guidance methodology—Q1's 70% coverage at $34,926/day plus forward curve yielding a fleet-wide midpoint of $30,400/day—without altering ranges. Jacob Meldgaard noted 10-20% of LR2s trading spot dirty and another 10% on term charters, tightening clean supply amid crude strength, while LR1s remain unaffected. Recent vessel buys proved timely as prices surged 20%, making further deals tougher yet possible if returns align. Analysts probed crude spillover and acquisitions; responses stayed optimistic but disciplined. Q&A added operational color. Investors will eye LR2 switching and asset values.

Key Stats

Market Cap

2.03B

P/E (TTM)

7.34

Basic EPS (TTM)

2.73

Dividend Yield

0.1%

About

TORM plc, a shipping company, owns and operates a fleet of product tankers in the United Kingdom. It operates in two segments, Tanker and Marine Engineering. The Tanker segment transports refined oil products, such as gasoline, jet fuel, kerosene, naphtha, and gas oil, as well as dirty petroleum products, including fuel oil. The Marine Engineering segment engages in developing and producing advanced and green marine equipment. TORM plc was founded in 1889 and is based in London, the United Kingdom.

CEO

Mr. Jacob Balslev Meldgaard

IPO

2/23/2018

Website

https://www.torm.com

Employees

479

Sector

Energy

Industry

Oil & Gas Midstream