Research analysts covering TORO.
Recent press releases and 8-K filings for TORO.
Toro Corp. Announces Shareholder Election Results and Special Dividend Payment
TORO
Dividends
- Toro Corp. announced the results of shareholder elections for its $1.75 per common share special dividend, which was paid on January 16, 2026.
- The special dividend was distributed as approximately $9.3 million in cash and 7,378,575 shares of the company's common stock.
- The valuation for the common share dividend was $3.8386 per share, based on the 20-day volume weighted average trading price through December 4, 2025.
Jan 16, 2026, 9:43 PM
Toro Corp. Announces Special Dividend with Cash or Stock Election
TORO
Dividends
- TORO Corp. announced a special dividend of $1.75 per share, payable on January 16, 2026, to shareholders of record as of December 16, 2025.
- Shareholders have the option to receive the dividend entirely in cash or common shares, with an election deadline of January 5, 2026, at 5:00 P.M. Eastern time. If no election is made, the dividend will be paid in cash.
- The company reserves the right to pay the dividend entirely in cash until January 15, 2026, regardless of shareholder elections.
- For shareholders electing common shares, the value will be $3.8386 per share, based on the 20-day volume weighted average price through December 4, 2025.
- Due to the dividend's size, TORO's common shares will trade with "due bills" from December 16, 2025, through January 16, 2026, meaning purchasers during this period will receive the cash dividend.
Dec 17, 2025, 1:27 PM
Toro Corp. Declares Special Dividend
TORO
Dividends
- Toro Corp. has declared a one-time, special dividend of $1.75 per common share.
- Shareholders can elect to receive the dividend in cash or common shares, with the share value based on a 20-day volume weighted average price (VWAP) of $3.8386 per share through December 4, 2025.
- The dividend is payable to shareholders of record on December 16, 2025, and is expected to be paid on January 16, 2026.
- Due to the dividend amount exceeding 25% of the trading price, Nasdaq has advised that the common shares will trade with "due bills" from December 16, 2025, through January 16, 2026.
Dec 5, 2025, 2:13 PM
Toro Corp. Reports Q3 and Nine-Month 2025 Financial Results
TORO
Earnings
New Projects/Investments
Convertible Preferred Issuance
- Toro Corp. reported net income of $1.3 million for the three months ended September 30, 2025, and $4.3 million for the nine months ended September 30, 2025.
- Total vessel revenues from continuing operations were $5.4 million for Q3 2025, a 1.9% increase year-over-year, and $15.0 million for the nine months ended September 30, 2025, a 12.8% decrease year-over-year.
- The company's cash balance stood at $25.1 million as of September 30, 2025, a decrease from $37.2 million at December 31, 2024.
- Strategic activities included the completion of two vessel acquisitions and two vessel disposals during Q3 2025, the spin-off of its Handysize tanker segment on April 14, 2025, and the full repayment of a $100.0 million loan from Castor on May 5, 2025.
- Post-quarter, on November 13, 2025, Toro Corp. entered into an "at-the-market" (ATM) offering agreement to sell common shares with an aggregate value of up to $12.5 million.
Dec 5, 2025, 2:07 PM
TORO Corp. Enters into At-the-Market Offering Agreement
TORO
New Projects/Investments
- TORO Corp. entered into an "at-the-market" ("ATM") Offering Agreement with Maxim Group LLC on November 13, 2025.
- Under the terms of the agreement, the company may sell common shares with an aggregate offering value of up to $12.5 million through Maxim as a sales agent.
- The proceeds from the offering are intended for capital expenditures, working capital, vessel, other asset or share acquisitions, funding the construction of newbuild vessels, or other general corporate purposes.
- Maxim Group LLC will receive a placement fee of up to 3.0% of the gross sales price of the shares sold.
Nov 13, 2025, 2:24 PM
Toro Corp. Reports Q2 2025 Financial Results and Strategic Updates
TORO
Earnings
Share Buyback
New Projects/Investments
- Toro Corp. reported net income of $1.4 million for the three months ended June 30, 2025, and $3.0 million for the six months ended June 30, 2025.
- Total vessel revenues from continuing operations were $4.1 million for the three months ended June 30, 2025, representing a 24.1% decrease compared to the same period in 2024, and $9.6 million for the six months ended June 30, 2025, an 18.6% decrease.
- The company's cash position increased to $114.7 million as of June 30, 2025, from $37.2 million at December 31, 2024, supported by a debt-free balance sheet.
- Strategic activities included the completion of the spin-off of its Handysize tanker segment to Robin Energy Ltd. on April 14, 2025, and a tender offer to repurchase common shares at $2.75 per share, which expired on August 7, 2025.
- Toro Corp. also made a $60 million investment in Castor Series E Cumulative Perpetual Convertible Preferred Shares on September 29, 2025, and acquired the M/T Wonder Maia MR2 tanker vessel for $30.3 million on September 29, 2025.
Oct 1, 2025, 1:12 PM
TORO Corp. announces sale of LPG Carrier Dream Terrax
TORO
M&A
- Toro Corp. has entered into an agreement to sell its Dream Terrax, a 2020-built 5,000 cbm LPG Carrier vessel.
- The sale price for the vessel is $20 million.
- The buyer is a wholly owned subsidiary of Robin Energy Ltd., an entity controlled by Toro's Chairman and Chief Executive Officer.
- Following this transaction, Toro's fleet will comprise two LPG carriers and one MR tanker vessel.
Sep 16, 2025, 1:20 PM
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