Welcome to our dedicated page for Toro news (Ticker: TORO), a resource for investors and traders seeking the latest updates and insights on Toro stock.
Toro Corp. (NASDAQ: TORO) is described in its public communications as a global and international energy transportation services provider, acquiring, owning, chartering and operating oceangoing tanker vessels and LPG carriers for the seaborne transportation of crude oil and refined petroleum products. The TORO news feed on Stock Titan aggregates company-issued press releases and other coverage that reflect Toro’s operating performance, fleet changes, capital allocation and corporate actions.
Investors following TORO news can see regular earnings announcements detailing vessel revenues from continuing operations, net income, non-GAAP measures such as EBITDA and Daily TCE Rate, and commentary on how fleet composition and charter rates affect results. Toro’s news also highlights vessel acquisitions and sales, including MR (MR2 class) tankers like M/T Wonder Altair and M/T Wonder Maia and LPG carriers such as Dream Terrax, Dream Arrax, Dream Syrax and Dream Vermax, along with associated time charter contracts and charter rates.
Beyond operating updates, Toro’s releases cover capital and financing developments, such as the spin-off of its Handysize tanker segment to Robin Energy Ltd., the provision and repayment of a senior term loan facility to Castor Maritime Inc., investments in Castor’s preferred shares, and the subsequent full redemption of those preferred shares. News items also describe corporate actions including a tender offer for Toro common shares, the declaration of a one-time special dividend payable in cash or shares, and the establishment of an at-the-market (ATM) equity offering program.
Governance and regulatory disclosures appear in TORO news as well, including notices and results of annual general meetings of shareholders, auditor appointments and the role of independent and disinterested directors and special committees in reviewing related-party transactions. For readers tracking Toro’s energy transportation business, this news page provides a consolidated view of the company’s reported financial performance, fleet strategy and key board-level decisions over time.
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), an international energy transportation services company, has announced the filing of its 2024 Annual Report on Form 20-F with the U.S. Securities and Exchange Commission (SEC). The report, containing audited consolidated financial statements for the fiscal year ended December 31, 2024, is now available on both the SEC website and Toro's corporate website.
The company, which specializes in LPG carrier operations, currently maintains a fleet of four 5,000 cbm LPG carrier vessels that transport petrochemical gases worldwide. Shareholders can request a complimentary hard copy of the Annual Report by contacting the company via email at ir@torocorp.com.