TORM Q2 Basic Earnings, Time Charter Equivalent Earnings Rise; Lifts 2026 Guidance

03:46 AM EDT, 08/26/2026 (MT Newswires) -- TORM (TRMD) reported Q2 basic earnings Wednesday of $3.31 per share, up from $0.60 a year earlier. Analysts polled by FactSet expected $3.31. Time charter equivalent earnings for the quarter ended June 30 was $512 million, compared with $208.2 million a year earlier. Analysts expected $499 million. The company said it now expects 2026 time charter equivalent earnings in the range of $1.40 billion to $1.60 billion, up from its prior guidance of $1.15 billion to $1.45 billion. Analysts are looking for $1.43 billion.