Monitor next quarterly filing for any impact on cash reserves or debt levels from this cash-funded acquisition. No earnings or guidance provided in this filing.
Price Chart
Executive Summary
Toro Corp. acquired two MR tanker vessels for a combined $83.4 million, funded with cash on hand, expanding its fleet to six vessels (four MR tankers and two LPG carriers). The acquisitions are a routine fleet expansion for a shipping company and do not include any financial performance data or guidance.
Key Facts
- Acquired M/T Wonder Alasia, a 2018 Japanese-built MR tanker, for $45.9 million; delivered September 17, 2026.
- Acquired a 2014 Korean-built scrubber-fitted MR tanker for $37.5 million; delivered September 18, 2026, to be renamed M/T Wonder Atria.
- Both vessels were funded with cash on hand.
- Fleet now comprises four MR tankers and two LPG carriers.
Financial Impact
Total cash outlay of $83.4 million for two vessels, funded from cash on hand.
Risk Factors
- Cash on hand used for acquisitions may reduce liquidity if not replenished by operating cash flow.
- Shipping market conditions (freight rates, fuel costs) could affect the revenue contribution of the new vessels.
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001140361-26-037049 |
| Document: ef20082435_ex99-1.htm | 0001140361-26-037049 |
| Document: 0001140361-26-037049-index-headers.html | 0001140361-26-037049 |
| Document: 0001140361-26-037049-index.html | 0001140361-26-037049 |
| Document: 0001140361-26-037049.txt | 0001140361-26-037049 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 9, 2026 18d ago | 6-K | $4.41 | awaiting T+20 | — | $4.32 (−1.99%) |
Oct 9, 2026 18d ago | 6-K | $4.41 | awaiting T+20 | — | $4.32 (−1.99%) |
Oct 9, 2026 18d ago | 6-K | $4.41 | awaiting T+20 | — | $4.32 (−1.99%) |
Sep 22, 2026 5w ago | 6-K | $5.74 $3.93 | ▼ −31.53% | ▼ −30.97% | $4.32 (−24.70%) |
Sep 18, 2026 5w ago | 6-K | $5.98 $4.14 | ▼ −30.77% | ▼ −30.97% | $4.32 (−27.72%) |
Sep 18, 2026 5w ago | Press Release | $5.98 $4.14 | ▼ −30.77% | ▼ −30.97% | $4.32 (−27.72%) |
Jul 20, 2026 14w ago | 6-K | $4.91 $5.62 | ▲ +14.46% | ▲ +10.34% | $4.32 (−11.97%) |
Jun 5, 2026 20w ago | 6-K | $5.02 $4.98 | ▲ +0.80% | ▲ +2.66% | $4.32 (+13.90%) |
May 28, 2026 21w ago | 6-K | $5.08 $4.84 | ▲ +4.72% | ▲ +1.58% | $4.32 (+14.92%) |
May 28, 2026 21w ago | Press Release | $5.08 $4.84 | ▲ +4.72% | ▲ +1.58% | $4.32 (+14.92%) |
US Market Status
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