Hafnia Reports GAAP EPS of $0.18, Exceeding Estimates by $0.02, with Revenue of $366.5M Surpassing Projections by $112M
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 01 2025
0mins
Should l Buy HAFN?
Source: SeekingAlpha
Earnings Performance: Hafnia reported Q3 GAAP EPS of $0.18, exceeding expectations by $0.02, while revenue was $366.5M, down 26.4% year-over-year but beating estimates by $112M.
Market Outlook: The company is positioned for potential larger payouts if clean tanker rates increase, indicating a positive outlook despite current challenges.
Growth and Risk Management: Hafnia remains attractive due to realistic growth catalysts and effective risk mitigants in its operations.
Dividend Strategy: The company has a dividend policy designed to withstand market fluctuations, ensuring consistent returns to shareholders.
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Analyst Views on HAFN
Wall Street analysts forecast HAFN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for HAFN is 8.37 USD with a low forecast of 6.73 USD and a high forecast of 10.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 6.100
Low
6.73
Averages
8.37
High
10.00
Current: 6.100
Low
6.73
Averages
8.37
High
10.00
About HAFN
Hafnia Limited is a tanker company. The principal activity of the Company is investment holding. The Company’s segments include Long Range II (LR2), Long Range I (LR1), Medium Range (MR), Handy, and Specialised. The LR2 segment consists of vessels between 85,000 deadweight tons (DWT) and 124,999 DWT in size and provides transportation of clean petroleum oil products. The LR1 segment consists of vessels between 55,000 DWT and 84,999 DWT in size and provides transportation of clean and dirty petroleum products. The MR segment consists of vessels between 40,000 DWT and 54,999 DWT in size. The Handy segment consists of vessels between 25,000 DWT and 39,999 DWT in size and provides transportation of clean and dirty oil products, vegetable oil, and easy chemicals. The Specialised segment consists of vessels between 5,000 DWT and 19,999 DWT in size. Its subsidiaries include Hafnia Pte. Ltd., Hafnia Tankers Marshall Islands LLC, Hafnia Holding Limited, and Hafnia Holding II Limited.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Project Launch: Haffner Energy and IGNIS P2X have initiated the AeroVerde project, focusing on identifying the first biofuel production site in Spain, which is expected to enhance both companies' market share in the renewable energy sector.
- Technological Innovation: Haffner Energy's proprietary technology converts residual biomass into hydrogen-rich syngas for bio-SAF production, providing airlines with solutions to meet the EU's 6% SAF blend requirement by 2030, thereby supporting sustainable aviation.
- Market Opportunity: According to an EASA report, SAF accounted for only 0.6% of aviation fuel in the EU in 2024, and the implementation of the AeroVerde project will help meet the increasing market demand, particularly in localizing the biofuel supply chain.
- Strategic Partnership: IGNIS, the largest independent energy manager in Spain managing over 9GW of power assets, will strengthen its leadership in renewable energy through collaboration with Haffner Energy, promoting the development of green hydrogen and clean technology projects.
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- Dividend Trap Warning: When a company pays out more than 100% of its earnings, it is effectively cannibalizing its own capital to maintain dividends, which could lead to future cuts and negatively impact investor confidence.
- Debt Burden Risks: Companies in cyclical sectors may rely on debt to fund dividends, a practice that is unsustainable during downturns and increases bankruptcy risk, necessitating caution from investors.
- Tax Implications Analysis: The tax treatment of high-yield stocks is complex, as non-qualified dividends are taxed at the highest marginal income tax rate, prompting investors to consider holding such stocks in tax-advantaged accounts to mitigate tax liabilities.
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- Supply-Demand Dynamics: Global oil production is projected to increase by nearly 5 million barrels per day between Q1 and Q4 of 2025, driven by the unwinding of OPEC cuts and rising non-OPEC output, tightening the crude market and boosting product tanker demand.
- Structural Changes: Refinery closures in mature markets contrast with new capacity coming online in the Far East, increasing sailing distances and further driving ton-mile growth, reflecting long-term demand trends in the market.
- Investor Value: Companies are in a healthier financial position, with Scorpio Tankers planning to return value to shareholders through conventional dividends; an LR2 vessel fixed on a 5-year charter valued at approximately $50-53 million generates about $22,000 per day in free cash flow, showcasing strong investment return potential.
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Hafnia Acquires Approximately 14.1 Million A-Shares in TORM
- Acquisition Completion: Hafnia has announced that all conditions precedent for acquiring approximately 14.1 million A-shares in TORM have been satisfied, with completion expected shortly, thereby increasing Hafnia's stake in TORM to about 13.97%, enhancing its market position in the shipping industry.
- Capital Expansion: Since September 11, 2025, TORM has issued 3,380,278 new A-shares, and Hafnia's acquisition will significantly boost its ownership percentage, reflecting Hafnia's confidence in TORM's future growth potential.
- Market Impact: This acquisition will further expand Hafnia's influence in the global shipping market, particularly in the transportation of oil and chemicals, enhancing collaboration opportunities with major international clients.
- Strategic Integration: As part of the BW Group, Hafnia's acquisition strengthens its integration capabilities in the global shipping market, which is expected to provide greater flexibility for future business expansion and resource allocation.
See More
Hafnia Completes Acquisition of 13.97% Stake in TORM
- Acquisition Completion: Hafnia has announced that all conditions for acquiring approximately 14.1 million A-shares in TORM have been satisfied, which will enable Hafnia to hold about 13.97% of TORM's issued share capital, further solidifying its market position in the shipping industry.
- Capital Expansion: Since September 11, 2025, TORM has increased its issued share capital by 3,380,278 new A-shares, significantly enhancing Hafnia's acquisition stake and reflecting its confidence in TORM's future growth potential.
- Market Impact: This acquisition is expected to strengthen Hafnia's competitiveness in the global shipping market, particularly in oil and gas transportation, potentially leading to increased market share and revenue.
- Strategic Positioning: Hafnia's acquisition aligns with its long-term growth strategy, aiming to enhance its influence and business integration capabilities in the international shipping market through expanded equity investments.
See More
Strength Alert for Hafnia Limited Shares
Hafnia Limited Trading Update: Shares of Hafnia Limited (HAFN) reached an oversold territory with an RSI of 28.8, trading as low as $5.5901 per share, compared to the S&P 500 ETF's RSI of 48.9.
Potential Buying Opportunity: The low RSI reading may indicate that heavy selling is nearing exhaustion, prompting bullish investors to consider buying opportunities.
52-Week Performance Range: HAFN's 52-week low is $3.6094 and the high is $6.64, with the last trade recorded at $5.60.
Disclaimer: The views expressed in the article are those of the author and do not necessarily reflect the opinions of Nasdaq, Inc.
See More
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- Project Launch: Haffner Energy and IGNIS P2X have initiated the AeroVerde project, focusing on identifying the first biofuel production site in Spain, which is expected to enhance both companies' market share in the renewable energy sector.
- Technological Innovation: Haffner Energy's proprietary technology converts residual biomass into hydrogen-rich syngas for bio-SAF production, providing airlines with solutions to meet the EU's 6% SAF blend requirement by 2030, thereby supporting sustainable aviation.
- Market Opportunity: According to an EASA report, SAF accounted for only 0.6% of aviation fuel in the EU in 2024, and the implementation of the AeroVerde project will help meet the increasing market demand, particularly in localizing the biofuel supply chain.
- Strategic Partnership: IGNIS, the largest independent energy manager in Spain managing over 9GW of power assets, will strengthen its leadership in renewable energy through collaboration with Haffner Energy, promoting the development of green hydrogen and clean technology projects.
See More
AGNC Investment Corp. Achieves 13.36% Dividend Yield Amidst Risk Concerns
- Attractive Yield: AGNC Investment Corp. boasts a 13.36% dividend yield, yet this high figure may indicate significant underlying financial risks, particularly in the context of declining stock prices.
- Dividend Trap Warning: When a company pays out more than 100% of its earnings, it is effectively cannibalizing its own capital to maintain dividends, which could lead to future cuts and negatively impact investor confidence.
- Debt Burden Risks: Companies in cyclical sectors may rely on debt to fund dividends, a practice that is unsustainable during downturns and increases bankruptcy risk, necessitating caution from investors.
- Tax Implications Analysis: The tax treatment of high-yield stocks is complex, as non-qualified dividends are taxed at the highest marginal income tax rate, prompting investors to consider holding such stocks in tax-advantaged accounts to mitigate tax liabilities.
See More
d'Amico CEO Discusses Product Tanker Market Dynamics
- Market Strength: Contrary to earlier expectations, the product tanker market is experiencing one of its historically strongest periods, with MR tanker rates exceeding $30,000 per day in key basins, indicating resilience and profit potential in the sector.
- Supply-Demand Dynamics: Global oil production is projected to increase by nearly 5 million barrels per day between Q1 and Q4 of 2025, driven by the unwinding of OPEC cuts and rising non-OPEC output, tightening the crude market and boosting product tanker demand.
- Structural Changes: Refinery closures in mature markets contrast with new capacity coming online in the Far East, increasing sailing distances and further driving ton-mile growth, reflecting long-term demand trends in the market.
- Investor Value: Companies are in a healthier financial position, with Scorpio Tankers planning to return value to shareholders through conventional dividends; an LR2 vessel fixed on a 5-year charter valued at approximately $50-53 million generates about $22,000 per day in free cash flow, showcasing strong investment return potential.
See More
Hafnia Acquires Approximately 14.1 Million A-Shares in TORM
- Acquisition Completion: Hafnia has announced that all conditions precedent for acquiring approximately 14.1 million A-shares in TORM have been satisfied, with completion expected shortly, thereby increasing Hafnia's stake in TORM to about 13.97%, enhancing its market position in the shipping industry.
- Capital Expansion: Since September 11, 2025, TORM has issued 3,380,278 new A-shares, and Hafnia's acquisition will significantly boost its ownership percentage, reflecting Hafnia's confidence in TORM's future growth potential.
- Market Impact: This acquisition will further expand Hafnia's influence in the global shipping market, particularly in the transportation of oil and chemicals, enhancing collaboration opportunities with major international clients.
- Strategic Integration: As part of the BW Group, Hafnia's acquisition strengthens its integration capabilities in the global shipping market, which is expected to provide greater flexibility for future business expansion and resource allocation.
See More
Hafnia Completes Acquisition of 13.97% Stake in TORM
- Acquisition Completion: Hafnia has announced that all conditions for acquiring approximately 14.1 million A-shares in TORM have been satisfied, which will enable Hafnia to hold about 13.97% of TORM's issued share capital, further solidifying its market position in the shipping industry.
- Capital Expansion: Since September 11, 2025, TORM has increased its issued share capital by 3,380,278 new A-shares, significantly enhancing Hafnia's acquisition stake and reflecting its confidence in TORM's future growth potential.
- Market Impact: This acquisition is expected to strengthen Hafnia's competitiveness in the global shipping market, particularly in oil and gas transportation, potentially leading to increased market share and revenue.
- Strategic Positioning: Hafnia's acquisition aligns with its long-term growth strategy, aiming to enhance its influence and business integration capabilities in the international shipping market through expanded equity investments.
See More
Strength Alert for Hafnia Limited Shares
Hafnia Limited Trading Update: Shares of Hafnia Limited (HAFN) reached an oversold territory with an RSI of 28.8, trading as low as $5.5901 per share, compared to the S&P 500 ETF's RSI of 48.9.
Potential Buying Opportunity: The low RSI reading may indicate that heavy selling is nearing exhaustion, prompting bullish investors to consider buying opportunities.
52-Week Performance Range: HAFN's 52-week low is $3.6094 and the high is $6.64, with the last trade recorded at $5.60.
Disclaimer: The views expressed in the article are those of the author and do not necessarily reflect the opinions of Nasdaq, Inc.
See More
