Toro Corp.
NNASDAQ:TORORecent
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14.89%
ROIC.AI
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- Toro Corp. (NASDAQ: TORO) is a growth-oriented shipping company that acquires, owns, charters and operates oceangoing vessels and provides worldwide energy seaborne transportation services with a focus on crude oil, petroleum products and liquefied petroleum gas (LPG); its fleet consists of two medium-range (MR) tanker vessels and two LPG carrier vessels with an aggregate cargo carrying capacity of 111,232 deadweight tons (dwt), all built by first-class shipyards; the company operates through Handysize Tanker and LPG Carrier segments and serves customers globally. Established in March 2023 by Castor Maritime Inc. (NASDAQ: CTRM) through the distribution of its tanker business to shareholders, Toro Corp. is incorporated in the Republic of the Marshall Islands with administrative offices in Limassol, Cyprus, and its vessels are managed by Castor Ships S.A. The company targets energy transportation markets, emphasizing fleet expansion through timely acquisitions while maintaining a solid balance sheet and cash flows. Recent developments include the announcement in June 2025 of a $36.25 million acquisition of a 2021-built MR tanker vessel, expanding the fleet to five vessels and diversifying beyond LPG carriers; the sale of the LPG carrier Dream Terrax in September 2025; full redemption of its 8.75% Series E Cumulative Perpetual Convertible Preferred Shares in agreement with Castor Maritime Inc. in October 2025; and reporting net income of $1.4 million for the three months ended June 30, 2025, with $3.0 million for the six-month period.
Company News
The Toro Company Names Neal M. Lackritz Chief Technology Officer
Toro Corp. Reports Net Income of $0.6 Million for the Three Months Ended June 30, 2026, and $1.1 Million for the Six Months Ended June 30, 2026
Reviewing Williams Companies (NYSE:WMB) & Toro (NASDAQ:TORO)
Toro CEO-Elect Sees Infrastructure, Automation Driving Next Growth Phase
The Toro Company (TTC) Presents at 25th Annual Diversified Industrials & Services Conference Transcript
Toro (TTC) is an Incredible Growth Stock: 3 Reasons Why
The Toro Company Declares Regular Quarterly Cash Dividend
Toro Corp. Announces Record Date for the Proposed Spin-off of its LPG Carrier Business
The Toro Company Elects David Huml to Board of Directors
Toro Corp. Announces the Acquisitions and Deliveries of Two Tanker Vessels
The Toro Company to Present at D.A. Davidson 25th Annual Diversified Industrials & Services Conference
Toro Corp. Announces Results of its 2026 Annual General Meeting of Shareholders
Toro Corp. Announces Proposed Spin-Off of its LPG Carrier Business
3 Reasons Growth Investors Will Love Toro (TTC)
Toro: Revenue And EPS Beat, But The Story Is Messier
The Toro Company (TTC) Q3 2026 Earnings Call Transcript
Toro Q3 Earnings Call Highlights
Toro (TTC) Tops Q3 Earnings and Revenue Estimates
The Toro Company Reports Record Third-Quarter Results
Toro Set to Report Q3 Earnings: Here's What Investors Should Know