TORM Raises 2026 Guidance by USD 300m to Record Levels
Hellerup – October 12, 2026 -- TORM plc (NASDAQ: TRMD) raised its full-year 2026 guidance by USD 300m at both ends of its ranges, now expecting time charter equivalent (TCE) earnings of USD 1,700–1,900m and EBITDA of USD 1,300–1,500m.
TORM lifts TCE and EBITDA ranges by USD 300m each
The previous guidance was TCE of USD 1,400–1,600m and EBITDA of USD 1,000–1,200m. The midpoint of the TCE range rises from USD 1,500m to USD 1,800m, a 20% increase. The EBITDA midpoint rises from USD 1,100m to USD 1,400m, a 27% increase.
Forward freight coverage underpins the upgrade
The company attributes the revision to stronger-than-anticipated earnings visibility. It cites its current forward freight coverage and continued favorable conditions across the product tanker market. The guidance also rests on TORM's expectation that market strength will continue through the rest of the fourth quarter of 2026.