$TRMD, a shipping company, reported a strong fourth-quarter performance with an earnings per share (EPS) of $0.77, surpassing the estimated EPS of $0.60. The company also announced a dividend of $0.60, which translates to a 14% annualized yield. For the first quarter of 2025, $TRMD provided optimistic guidance, indicating that 92% of LR2 vessels are covered at a rate of $32,397 per day, while 81% of LR1 and MR vessels are covered at $23,540 and $24,870 per day, respectively. Despite a broader market sell-off, $TRMD shares rose significantly, opening nearly 10% higher and reaching an increase of over 11% at one point. The company’s total sales for the quarter were reported at $214.70 million, which fell short of the $257.00 million estimate. Looking ahead, $TRMD forecasts Time Charter Equivalent (TCE) earnings between $650 million and $950 million for 2025, down from the previous year’s actual earnings of $1.35 billion. EBITDA is projected to be between $350 million and $650 million, compared to $851 million in 2024.