Dht Holdings ( (DHT) ) has released its Q3 earnings. Here is a breakdown of the information Dht Holdings presented to its investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
DHT Holdings, Inc. is an independent crude oil tanker company that operates a fleet of Very Large Crude Carriers (VLCCs) trading internationally. The company is known for its focus on first-rate operations, customer service, and a prudent capital structure.
In the third quarter of 2025, DHT Holdings reported shipping revenues of $107.2 million, a decrease from $141.1 million in the same quarter of 2024. The company achieved a net profit of $44.8 million, or $0.28 per basic share, which was bolstered by a $15.7 million gain from the sale of the vessel DHT Peony.
Key financial highlights include an adjusted EBITDA of $57.7 million and a cash dividend of $0.18 per share. The company entered into a $308.4 million credit facility for newbuildings and prepaid $22.1 million under the Nordea Credit Facility. Additionally, DHT Holdings secured a $64 million revolving credit facility for a new vessel acquisition.
Despite a decrease in fleet size and shipping revenues, DHT Holdings maintained a strong financial position, with a cash balance of $81.2 million and compliance with financial covenants. The company continues to focus on strategic fleet management and financial prudence.
Looking ahead, DHT Holdings remains optimistic about its future, supported by strong customer demand and a resilient strategy. The company is set to receive new vessels in 2026, which are expected to enhance its operational capabilities and market position.