Toro
Operates MR tankers and LPG carriers for worldwide energy transportation.
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Profile
Owns and charters MR tankers and LPG carriers for worldwide energy seaborne transportation. Formed from Castor Maritime’s tanker business, the company relies on Castor Ships S.A. for commercial and technical vessel management.
Owns, charters and operates oceangoing vessels for worldwide energy seaborne transportation. Its current profile describes a mixed fleet of MR tankers and LPG carriers, with chartering central to the operating model. Oceangoing operations connect the fleet to international energy transport.
Created from Castor Maritime’s tanker business, the company began Nasdaq trading in 2023 and later separated its Handysize tanker segment into Robin Energy. The business is built around vessel ownership and chartering rather than in-house ship management. Castor Ships S.A. manages commercial and technical vessel activities under a master management arrangement, making external vessel management a structural dependency.
Company facts
Categories
Key statistics
Year to date +16.9% · Average volume (30d) 26.6K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| May 28, 2026Q1 FY26 | — | −$0.02 | — | — | $6.0M | — | −1.38% |
| Apr 15, 2026Q1 FY26 | — | −$0.02 | — | — | — | — | −0.77% |
| Feb 12, 2026Q4 FY25 | — | $0.04 | — | — | $6.1M | — | +0.28% |
| Dec 5, 2025Q3 FY25 | — | $0.01 | — | — | $6.3M | — | −8.62% |
Financial highlights
| 12 quarters | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $5.2M | $5.5M | $4.1M | $5.4M | $6.1M | $6.0M | |
| Gross profit | −$767.9K | $785.6K | $1.9M | $1.6M | $192.5K | $1.4M | |
| Operating income | −$1.7M | −$1.6M | −$1.2M | −$943.5K | −$945.3K | −$1.5M | |
| Net income | $978.0K | $1.6M | $1.4M | $1.3M | $1.6M | $527.0K | |
| Diluted EPS | −$0.01 | $0.03 | $0.08 | $0.01 | $0.04 | −$0.03 | |
| Gross margin | -14.7% | 14.2% | 46.2% | 30.6% | 3.2% | 23.9% | |
| Operating margin | -33.2% | -28.9% | -28.6% | -17.5% | -15.5% | -24.8% |
Fiscal years (4-quarter sums)FY21 $29.3M · FY22 $111.9M · FY23 $75.0M · FY24 $22.4M · FY25 $21.1M
Revenue by product · FY24
Balance sheet, Mar 31, 2026Cash & short-term investments $81.6M · Total debt $0 · Total assets $323.6M · Shareholders' equity $319.6M
Dividends
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| May 4, 2026 | May 4 | Jun 5 | $0.90 | special dividend |
| Jan 20, 2026 | Dec 16 | $1.75 | special dividend |
Ownership
Shares outstanding 34.56M · Float 4.64M · 13.4% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Pani Corp. | 25.65M | 74.20% | 13D | Jun 9, 2026 |
| Petros Panagiotis Panagiotidis · director, officer: Chief Executive Officer | 25.65M | 74.22% | Form 4 | Jun 9, 2026 |
| T. Rowe Price Associates, Inc. | 6.38M | 6.40% | 13G | May 14, 2025 |
| Renaissance Technologies LLC | 180.2K | 0.52% | 13F | May 14, 2026 |
| Susquehanna International Group, LLP | 98.0K | 0.28% | 13F | May 15, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Apr 22, 2026 | Petros Panagiotis Panagiotidis | director, officer: Chief Executive Officer | +1,982,728 | $6.08 |
| Apr 23, 2026 | Petros Panagiotis Panagiotidis | director, officer: Chief Executive Officer | +265,836 | $6.52 |
| Apr 24, 2026 | Petros Panagiotis Panagiotidis | director, officer: Chief Executive Officer | +67,407 | $6.79 |
Peers
- Scorpio Tankers
Large MR product-tanker operator in global refined-products shipping
- Hafnia
Large product-tanker operator with a substantial MR fleet
- BW LPG
Large dual-listed VLGC owner/operator serving global LPG shipping
- Dorian LPG
Modern VLGC operator serving global LPG transport
- Ardmore Shipping
MR product/chemical-tanker owner serving worldwide cargo trades
- StealthGas
Small- and midsize-LPG-carrier operator serving global gas trade
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Toro | $6.11 | −2.86% | $215.3M | 66.9 | — | 10.0 | — |
| Scorpio Tankers | $77.91 | −0.18% | $3.91B | 4.9 | 11.5 | 3.2 | +70.2% |
| Hafnia | $8.48 | +0.30% | $4.23B | 6.6 | 8.7 | 1.6 | −32.7% |
| BW LPG | $23.94 | +0.13% | $3.63B | 10.0 | 7.1 | 1.0 | −73.7% |
| Dorian LPG | $49.71 | −0.07% | $2.13B | 6.6 | 7.5 | 3.7 | +123.1% |
| Ardmore Shipping | $17.36 | −0.03% | $708.3M | 6.7 | 8.4 | 1.9 | +61.3% |
| StealthGas | $9.65 | +1.58% | $352.9M | 5.5 | 5.4 | 2.0 | +2.0% |
| Median | 6.6 | 8.0 | 2.0 | +31.6% |