Mar. 9 at 1:56 PM
$SFL The math on the Hercules
The contract specifics are:
Gross Day Rate:
$425,000 (
$170 million over a minimum of 400 days).
Operating Expense (OPEX):
$60,000/day figure aligns with the "Warm Stack" or "Ready to Drill" baseline for a harsh-environment 6th-generation semi-sub.
Daily Profit:
$365,000. This represents a 85% operating margin.
Per Share Per Quarter Calculation
Daily Profit:
$365,000
Days Per Quarter: ~91.25
Total Shares Outstanding: 145.7 Million (as of February 2026)
$0.228 per share per quarter
SFL recently adjusted its quarterly dividend to
$0.20 per share (down from
$0.24 in late 2025).
This single contract for the Hercules generates enough incremental profit to cover the entire company dividend on its own once it commences in Q1 2027.
Added.
