TORM plc Raises 2026 EBITDA Guidance to $1.5 Billion on Market Strength

Key Facts

1TORM increased its 2026 EBITDA guidance to a range of USD 1,300 – 1,500m from the previous USD 1,000 – 1,200m.

TORM increased its 2026 EBITDA guidance to a range of USD 1,300 – 1,500m. According to a company statement on PR Newswire, this revision marks a significant upgrade from the previous forecast of USD 1,000 – 1,200m, while Time Charter Equivalent (TCE) earnings expectations were also raised to a range of USD 1,700 – 1,900m.

The upgrade is driven by the company's current contract coverage and expectations for sustained market strength throughout the fourth quarter of 2026. In equity markets, TRMD closed at $39.94 on October 9, 2026, having traded between a day high of $40.65 and a day low of $39.78 during that session.