TORM Shares Rise After Company Raises 2026 Earnings Outlook

10:10 AM EDT, 10/12/2026 (MT Newswires) -- TORM (TRMD) shares were up 3.4% in morning trading on Monday after the company said it raised its full-year 2026 time charter equivalent earnings guidance to a range of $1.7 billion to $1.9 billion from the previous range of $1.4 billion to $1.6 billion. TORM also increased its full-year 2026 guidance for earnings before interest, taxes, depreciation, and amortization to a range of $1.3 billion to $1.5 billion from the previous range of $1 billion to $1.2 billion. The guidance revision reflects better-than-expected earnings visibility, supported by its current forward freight coverage and continued favorable market conditions across the product tanker market, the company said. TORM said it expects to publish its Q3 financial results on Nov. 4. Price: 41.27, Change: +1.33, Percent Change: +3.33