Toro Corp. Announces The Sale Of The M/T Wonder Sirius For $33.8M With An Expected Net Gain Of $20.9M

1/16/24 9:10:48 AM ET

Marine Transportation

Consumer Discretionary

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Toro Corp. (NASDAQ:TORO) ("Toro", or the "Company") an international energy transportation services company, announces that on January 8, 2024, the Company entered into an agreement with an unaffiliated third-party for the sale of the M/T Wonder Sirius, a 2005-built Aframax/LR2 tanker, for a price of $33.8 million. The vessel is expected to be delivered to its new owner during the first quarter of 2024.

The Company expects to record during the first quarter of 2024 a net gain of approximately $20.9 million from the above-mentioned sale, excluding any transaction-related costs.

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Toro Corp. Reports Net Income of $1.0 Million for the Three Months Ended September 30, 2024 and $24.2 Million for the Nine months Ended September 30, 2024
LIMASSOL, Cyprus, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Toro Corp. (NASDAQ:TORO), ("Toro", or the "Company"), an international energy transportation services company, today announced its results for the three months and the nine months ended September 30, 2024. Highlights of the Third Quarter Ended September 30, 2024: Total vessel revenues from continuing operations: $5.3 million, as compared to $6.5 million for the three months ended September 30, 2023, or a 18.5% decrease;Net income from continuing operations: $1.0 million, as compared to $0.2 million for the three months ended September 30, 2023, or a 400.0% increase;Net income: $1.0 million, as compared to $35.1 million for the three mon
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LIMASSOL, Cyprus, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Toro Corp. (NASDAQ:TORO) ("Toro", or the "Company") an international energy transportation services company, announces that the Company's 2024 Annual General Meeting of Shareholders (the "Meeting") was duly held on September 6, 2024, at 5:00 p.m., local time, at 223 Christodoulou Chatzipavlou Street, Hawaii Royal Gardens, 3036 Limassol, Cyprus. At the Meeting, the following proposals were approved and adopted: The re-election of Mr. Petros Zavakopoulos to serve as the Company's Class A Director until the 2027 Annual General Meeting of Shareholders; The appointment of Deloitte Certified Public Accountants S.A., as the Company's inde
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Toro Corp. Reports Net Income of $1.1 Million for the Three Months Ended June 30, 2024 and $23.3 Million for the Six Months Ended June 30, 2024
LIMASSOL, Cyprus, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Toro Corp. (NASDAQ:TORO), ("Toro", or the "Company"), an international energy transportation services company, today announced its results for the three months and the six months ended June 30, 2024. Highlights of the Second Quarter Ended June 30, 2024: Total vessel revenues: $5.5 million, as compared to $24.9 million for the three months ended June 30, 2023, or a 77.9% decrease;Net income: $1.1 million, as compared to $55.4 million for the three months ended June 30, 2023, or a 98.0% decrease;Earnings per common share, basic: $0.001 per share, as compared to $3.34 per share for the three months ended June 30, 2023;EBITDA(1): $0.2 milli
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Toro Corp. Reports Net Income of $1.0 Million for the Three Months Ended September 30, 2024 and $24.2 Million for the Nine months Ended September 30, 2024
LIMASSOL, Cyprus, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Toro Corp. (NASDAQ:TORO), ("Toro", or the "Company"), an international energy transportation services company, today announced its results for the three months and the nine months ended September 30, 2024. Highlights of the Third Quarter Ended September 30, 2024: Total vessel revenues from continuing operations: $5.3 million, as compared to $6.5 million for the three months ended September 30, 2023, or a 18.5% decrease;Net income from continuing operations: $1.0 million, as compared to $0.2 million for the three months ended September 30, 2023, or a 400.0% increase;Net income: $1.0 million, as compared to $35.1 million for the three mon
11/12/24 9:00:00 AM ET
$TORO
Marine Transportation
Consumer Discretionary
Toro Corp. Reports Net Income of $1.1 Million for the Three Months Ended June 30, 2024 and $23.3 Million for the Six Months Ended June 30, 2024
LIMASSOL, Cyprus, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Toro Corp. (NASDAQ:TORO), ("Toro", or the "Company"), an international energy transportation services company, today announced its results for the three months and the six months ended June 30, 2024. Highlights of the Second Quarter Ended June 30, 2024: Total vessel revenues: $5.5 million, as compared to $24.9 million for the three months ended June 30, 2023, or a 77.9% decrease;Net income: $1.1 million, as compared to $55.4 million for the three months ended June 30, 2023, or a 98.0% decrease;Earnings per common share, basic: $0.001 per share, as compared to $3.34 per share for the three months ended June 30, 2023;EBITDA(1): $0.2 milli
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$TORO
Marine Transportation
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Toro Corp. Reports Net Income of $22.1 Million for the Three months Ended March 31, 2024
LIMASSOL, Cyprus, May 10, 2024 (GLOBE NEWSWIRE) -- Toro Corp. (NASDAQ:TORO), ("Toro", or the "Company"), an international energy transportation services company, today announced its results for the three months ended March 31, 2024. Highlights of the First quarter Ended March 31, 2024: Total vessel revenues: $7.0 million, as compared to $31.2 million for the three months ended March 31, 2023, or a 77.6% decrease;Net income: $22.1 million, as compared to $22.0 million for the three months ended March 31, 2023, or a 0.5% increase;Earnings per common share, basic: $1.11 per share, as compared to $2.29 per share for the three months ended March 31, 2023;EBITDA(1): $21.4 million, as c
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Toro Corp. Announces The Sale Of The M/T Wonder Sirius For $33.8M With An Expected Net Gain Of $20.9M

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$TORO

$TORO
Press Releases

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Toro Corp. Reports Net Income of $1.0 Million for the Three Months Ended September 30, 2024 and $24.2 Million for the Nine months Ended September 30, 2024

Toro Corp. Announces Results of its 2024 Annual General Meeting of Shareholders

Toro Corp. Reports Net Income of $1.1 Million for the Three Months Ended June 30, 2024 and $23.3 Million for the Six Months Ended June 30, 2024

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SEC Form SC 13D/A filed by Toro Corp. (Amendment)

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Toro Corp. Reports Net Income of $1.0 Million for the Three Months Ended September 30, 2024 and $24.2 Million for the Nine months Ended September 30, 2024

Toro Corp. Reports Net Income of $1.1 Million for the Three Months Ended June 30, 2024 and $23.3 Million for the Six Months Ended June 30, 2024

Toro Corp. Reports Net Income of $22.1 Million for the Three months Ended March 31, 2024

Toro Corp. Announces Results of its 2024 Annual General Meeting of Shareholders

Toro Q1 EPS $0.51 Up From $0.35 YoY, Total Vessel Revenues $7.00M Down From $31.15M YoY

Toro Q4 EPS $0.56 Down From $0.62 YoY, Sales $11.92M Down From $38.03M YoY

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$TORO
SEC Filings

SEC Form 6-K filed by Toro Corp.

SEC Form 6-K filed by Toro Corp.

SEC Form 6-K filed by Toro Corp.

Toro Corp. Announces The Sale Of The M/T Wonder Sirius For $33.8M With An Expected Net Gain Of $20.9M

Chat with this insight

Recent Analyst Ratings for $TORO

$TORO Press Releases

Fastest customizable press release news feed in the world

Toro Corp. Reports Net Income of $1.0 Million for the Three Months Ended September 30, 2024 and $24.2 Million for the Nine months Ended September 30, 2024

Toro Corp. Announces Results of its 2024 Annual General Meeting of Shareholders

Toro Corp. Reports Net Income of $1.1 Million for the Three Months Ended June 30, 2024 and $23.3 Million for the Six Months Ended June 30, 2024

$TORO Large Ownership Changes

This live feed shows all institutional transactions in real time.

SEC Form SC 13D/A filed by Toro Corp. (Amendment)

$TORO Financials

Live finance-specific insights

$TORO Leadership Updates

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Toro Corp. Reports Net Income of $1.0 Million for the Three Months Ended September 30, 2024 and $24.2 Million for the Nine months Ended September 30, 2024

Toro Corp. Reports Net Income of $1.1 Million for the Three Months Ended June 30, 2024 and $23.3 Million for the Six Months Ended June 30, 2024

Toro Corp. Reports Net Income of $22.1 Million for the Three months Ended March 31, 2024

Toro Corp. Announces Results of its 2024 Annual General Meeting of Shareholders

Toro Q1 EPS $0.51 Up From $0.35 YoY, Total Vessel Revenues $7.00M Down From $31.15M YoY

Toro Q4 EPS $0.56 Down From $0.62 YoY, Sales $11.92M Down From $38.03M YoY

12 Industrials Stocks Moving In Tuesday's After-Market Session

$TORO SEC Filings

SEC Form 6-K filed by Toro Corp.

SEC Form 6-K filed by Toro Corp.

SEC Form 6-K filed by Toro Corp.

Recent Analyst Ratings for
$TORO

$TORO
Press Releases

$TORO
Large Ownership Changes

$TORO
Financials

$TORO
Leadership Updates

$TORO
Market Insights

$TORO
SEC Filings