Toro Corp Stock Price, News & Analysis

Toro Corp. (NASDAQ: TORO), a global energy transportation services provider, held its 2025 Annual General Meeting of Shareholders on September 12, 2025, in Limassol, Cyprus. The shareholders approved two key proposals: the re-election of Mr. Angelos Rounick Platanias as Class B Director until 2028, and the appointment of Deloitte Certified Public Accountants S.A. as the company's independent auditors for fiscal year 2025.

Toro Corp. operates a fleet of three LPG carriers and one MR tanker vessel, providing transportation services for petrochemical gases and refined petroleum products worldwide.

Toro Corp. (NASDAQ: TORO), a global energy transportation services provider, has completed the sale of its LPG carrier vessel Dream Syrax on September 3, 2025. The 2015-built vessel, with a capacity of 5,000 cbm, has been successfully delivered to its new owner.

Following this transaction, Toro's fleet now consists of three LPG carrier vessels and one MR tanker vessel that transport petrochemical gases and refined petroleum products worldwide. The company continues to operate as a Marshall Islands-incorporated entity with its shares trading on the Nasdaq Capital Market.

Toro Corp. (NASDAQ: TORO), a global energy transportation services provider, has announced the final results of its tender offer that expired on August 7, 2025. The company will purchase 20,344 common shares at $2.75 per share, resulting in an aggregate cost of approximately $55,946.00 excluding fees.

Following a previously announced sale of one LPG carrier, Toro's fleet will consist of three LPG carriers and one MR tanker vessel that transport petrochemical gases and refined petroleum products worldwide.

Toro Corp. (NASDAQ: TORO), a global energy transportation services provider, has announced its 2025 Annual General Meeting of Shareholders scheduled for September 12, 2025 at 5:00 p.m. local time in Limassol, Cyprus. The company has set July 14, 2025 as the record date for determining shareholders eligible to vote.

Toro operates a fleet of oceangoing vessels, which will include three LPG carriers and one MR tanker vessel following the completion of a previously announced sale of one LPG carrier. These vessels transport petrochemical gases and refined petroleum products worldwide.

Toro Corp. (NASDAQ: TORO) reported Q1 2025 financial results with net income of $1.6 million, down 92.8% from $22.1 million in Q1 2024. Total vessel revenues decreased 14.1% to $5.5 million, while EBITDA from continuing operations was $1.0 million.

The company's cash position strengthened to $92.7 million as of March 31, 2025, up from $37.2 million in December 2024. Key developments include the full repayment of a $100 million loan from Castor Maritime, acquisition of a 2021-built MR tanker for $36.25 million, and announcement of a share repurchase tender offer for 4.5 million shares at $2.75 per share.

The company also agreed to sell its LPG Dream Syrax vessel for $18.0 million and completed the spin-off of its Handysize tanker segment to Robin Energy Ltd. The fleet earned an average Daily TCE Rate of $11,480 during Q1 2025, compared to $13,048 in Q1 2024.

Toro Corp. (NASDAQ: TORO), a global energy transportation services provider, has announced a self tender offer to purchase up to 4,500,000 shares at $2.75 per share using available cash and cash equivalents. The tender offer will expire on August 7, 2025, unless extended or withdrawn.

The Company's Board of Directors initiated this share repurchase program based on Toro's current cash position and stock price. The tender offer is not contingent on a minimum number of shares being tendered. Toro has appointed Broadridge Corporate Issuer Solutions LLC as the depositary and Georgeson LLC as the information agent for the tender offer.

Currently, Toro operates a fleet of four LPG carriers (with M/T Dream Syrax scheduled for sale) and has an agreement to acquire one MR tanker.

Toro Corp. (NASDAQ: TORO), a global energy transportation services provider, has announced the sale of its LPG carrier vessel Dream Syrax to a subsidiary of Robin Energy Ltd. for $18 million. The 2015-built 5,000 cbm vessel sale was approved by independent board members, as Robin Energy is controlled by Toro's Chairman and CEO.

Following this transaction, Toro's fleet will consist of three LPG carriers and one MR tanker (pending acquisition announced on June 11, 2025). The vessel delivery is expected during Q3 2025, subject to customary closing conditions.

Toro Corp. (NASDAQ: TORO), a global energy transportation services provider, has announced the acquisition of a 2021-built MR tanker vessel for $36.25 million from an unaffiliated third party. The acquisition will be funded with cash on hand and is expected to be completed during Q2-Q3 2025, subject to customary closing conditions. Upon completion, Toro's fleet will expand to include four LPG carriers and one MR tanker vessel, strengthening its capacity to transport petrochemical gases and refined petroleum products worldwide. The acquisition represents a strategic expansion of Toro's fleet with a relatively new vessel, enhancing its operational capabilities in the energy transportation sector.

Toro Corp (NASDAQ: TORO), an international energy transportation services company, announced the full repayment of its senior term loan facility by Castor Maritime Inc on May 5, 2025. The loan was originally granted in December 2024. Toro Corp specializes in the transportation of liquefied petrochemical gases worldwide through its fleet of four 5,000 LPG carrier vessels. The company operates under the laws of the Republic of the Marshall Islands and trades on the Nasdaq Capital Market under the symbol "TORO".