Hafnia Ltd, a product tanker owner with a fleet of roughly 180 vessels, is scheduled to release second-quarter earnings before the market opens on Friday, with analysts projecting a sharp sequential increase in profitability.
Earnings per share are forecast to rise 52% to $0.55 from $0.36 in the first quarter, according to consensus estimates. Revenue, however, is expected to decline about 4% to $395.9 million from $412.9 million in the prior period. The company’s forward price-to-earnings ratio stands at 5.84, while full-year EPS growth is projected at 101%.
Hafnia’s first-quarter results beat expectations, with EPS of $0.36 exceeding the $0.29 consensus and revenue of $412.9 million surpassing the $293.3 million forecast by 40.76%. The company’s prior full-year revenue declined 8.6% in the previous year.
The tanker market has remained exceptionally profitable in 2026 amid ongoing geopolitical risks to vessels, with medium-range rates rising sharply year-over-year. This year’s tanker boom is described as being exceeded only by the 2004–2008 supercycle.
In April, Hafnia signed a $405 million contract for eight new medium-range product tankers, with deliveries scheduled between 2028 and 2029.
