Quarterly ResultMay 28, 2026, 07:34 AM
Nordic American Tankers Declares $0.22 Dividend; Q1 Net Result $46.3M
AI Summary
Nordic American Tankers Ltd. declared a Q1 2026 dividend of $0.22 per share, marking its 115th consecutive quarterly cash dividend. The company reported a strong net result of $46.3 million for Q1 2026, surpassing the full-year 2025 net result. Approximately 90% of its fleet is booked at $68,000 per day for Q2 2026, significantly up from $47,600 per day in Q1, with operating costs below $10,000 per day. The company also signed an agreement for two new suezmax tankers for 2028 delivery, expanding its current 18-vessel fleet.
Key Highlights
- Declared Q1 2026 dividend of $0.22 per share, marking the 115th consecutive quarterly cash dividend.
- Reported a Net result of $46.3 million for the first quarter 2026.
- Approximately 90% of the fleet booked at about $68,000 per day for Q2 2026.
- The equivalent booking rate for Q1 2026 was $47,600 per day per ship.
- Operating costs are below $10,000 per day per ship.
- Signed an agreement for the construction of two suezmax tankers due for delivery in 2028.
- The NAT fleet consists of 18 vessels as of March 31, 2026, with two ships on order.
Price Impact
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