Financial Data and Key Metrics Changes - In Q1 2025, the company reported revenues on a TCE basis of $79.3 million and adjusted EBITDA of $56.4 million, with net income of $44.1 million or $0.27 per share. After adjusting for a $19.8 million gain on the sale of a vessel, the net profit was $24.3 million or $0.15 per share [5][6][10] - The average TCE for vessels in the spot market was $36,300 per day, while vessels on time charters earned $42,700 per day, resulting in a combined average TCE of $38,200 per day for the quarter [5][12] - The company ended the quarter with total liquidity of $277 million, consisting of $80.5 million in cash and $196.2 million available under revolving credit facilities [6] Business Line Data and Key Metrics Changes - The company sold the DHT Scandinavia for $43.4 million, realizing a capital gain of $19.8 million, and plans to allocate proceeds to general corporate purposes, including investments in vessels and share buybacks [8][15] - Two time charter contracts were entered into, with DHT China fixed at $40,000 per day and DHT Tiger at $52,500 per day [8] Market Data and Key Metrics Changes - The company expects to have 780 time charter days covered for Q2 2025 at $42,200 per day, an improvement from the previous quarter [12] - The spot P&L breakeven for Q2 is estimated at $17,500 per day, which can be used to estimate net income contributions from the spot fleet [13] Company Strategy and Development Direction - The company is focusing on fine-tuning its fleet profile based on customer feedback and market conditions, indicating a strategic shift towards optimizing asset quality [27] - The company plans to expand its fleet with four new ships in the first half of 2026, which will provide additional earnings days [16] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the market dynamics, noting that the VLCC fleet is expected to shrink while demand for services is growing, which could lead to favorable conditions for the company [20][22] - The company anticipates a robust summer market due to OPEC's increased production, which may offset potential declines in the Atlantic Basin [52] Other Important Information - The company has acquired the remaining shares in Goodwood Ship Management for $6.1 million, fully integrating it into DHT's operations [17] - The company has entered into a $30 million secured revolving facility to refinance existing debt, indicating a proactive approach to managing its financial obligations [19] Q&A Session Summary Question: Decision on vessel sales and cash allocation priorities - Management indicated that the decision to sell older ships was based on market conditions and customer preferences, and cash allocation priorities include investments in ships, share buybacks, and debt prepayment, depending on market opportunities [25][28] Question: Appetite for extended contracts and profit-sharing - Management expressed excitement about a long-term time charter contract, indicating a potential shift towards more extended contracts and profit-sharing arrangements as customers seek quality tonnage [32][34] Question: Impact of OPEC's production strategy on the market - Management noted that while it is difficult to predict the exact impact of OPEC's production increases, they believe it could lead to a robust summer market, countering seasonal declines [52] Question: Potential effects of Iranian oil returning to the market - Management discussed two scenarios regarding Iranian oil sanctions, indicating that both scenarios could positively impact the VLCC business, either through increased compliant market activity or by other Middle Eastern producers stepping in to fill supply gaps [58][60]

Core Viewpoint - DHT Holdings is recognized as an attractive operator in the VLCC tanker sector, noted for its modern fleet and effective balance between long-term lease contracts and operational flexibility [1]. Company Overview - DHT Holdings operates a modern fleet of Very Large Crude Carriers (VLCCs), which positions the company favorably within the tanker industry [1]. - The company employs a strategic operating model that combines long-term charter contracts with operational flexibility, enhancing its competitive edge [1]. Investment Considerations - The company is currently under observation for potential investment opportunities, particularly focusing on identifying a favorable technical entry point [2].

Forward Looking Statements May 7, 2025 DISCLAIMER This presentation contains certain forward-looking statements and information relating to the Company that are based on beliefs of the Company's management as well as assumptions, expectations, projections, intentions and beliefs about future events, in particular regarding dividends (including our dividend plans, timing and the amount and growth of any dividends), daily charter rates, vessel utilization, the future number of newbuilding deliveries, oil pric ...

Group 1: Earnings Performance - DHT Holdings reported quarterly earnings of $0.27 per share, exceeding the Zacks Consensus Estimate of $0.15 per share, but down from $0.29 per share a year ago, representing an earnings surprise of 80% [1] - The company posted revenues of $79.75 million for the quarter, surpassing the Zacks Consensus Estimate by 2.29%, but down from $106.34 million year-over-year [2] - Over the last four quarters, DHT Holdings has surpassed consensus EPS estimates three times and topped consensus revenue estimates two times [2] Group 2: Stock Performance and Outlook - DHT Holdings shares have increased approximately 21% since the beginning of the year, contrasting with the S&P 500's decline of -3.9% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the upcoming quarter is $0.17 on revenues of $72.63 million, and for the current fiscal year, it is $0.84 on revenues of $359.27 million [7] Group 3: Industry Context - The Transportation - Shipping industry, to which DHT Holdings belongs, is currently ranked in the bottom 10% of over 250 Zacks industries, indicating potential challenges for stock performance [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact DHT Holdings' stock performance [5][6]

Core Viewpoint - DHT Holdings, Inc. announced its financial results for the first quarter of 2025, highlighting its operational performance and strategic focus in the crude oil tanker industry [1]. Company Overview - DHT is an independent crude oil tanker company with a fleet that operates internationally, specifically in the VLCC segment [2]. - The company emphasizes its experienced management, quality operations, and customer service, alongside a prudent capital structure that supports resilience through business cycles [2]. - DHT employs a disciplined capital allocation strategy, which includes cash dividends, vessel investments, debt prepayments, and share buybacks [2]. - The company maintains a transparent corporate structure with a strong commitment to integrity and corporate governance [2]. Financial Reporting - The financial report for Q1 2025 is available for review, providing detailed insights into the company's performance during this period [1][5].

DHT Holdings (DHT) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2025. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on May 6, 2025, might help the stock move higher if these key numbers are better than expectat ...

HAMILTON, BERMUDA, April 24, 2025 - DHT Holdings, Inc. (NYSE: DHT or the “Company”) will release its first quarter 2025 results after market close on Tuesday, May 6, 2025. The Company will host a conference call and webcast, which will include a slide presentation, at 8:00 a.m. EDT/14:00 CEST on Wednesday, May 7, 2025, to discuss the results for the quarter. To access the conference call the participants are required to register in advance of the conference using this link: https://register-conf.media-serve ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? DHT Holdings (DHT) , which belongs to the Zacks Transportation - Shipping industry, could be a great candidate to consider.This independent oil tanker company has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 46.83%.For the mo ...

HAMILTON, BERMUDA, April 15, 2025 – DHT Holdings, Inc. (NYSE:DHT) (“DHT” or the “Company”) today announces that it has entered into an agreement to sell the DHT Lotus and the DHT Peony for a combined price of $103 million. Both vessels were built at Bohai Shipbuilding Heavy Industry Co, China, in 2011. The vessels are expected to be delivered to the new owner in April and July, respectively. After repayment of existing debt on the vessels, amounting to $15.9 million in aggregate, the transaction is expected ...

Here are three stocks with buy rank and strong income characteristics for investors to consider today, April 8th:PennantPark Floating Rate Capital (PFLT) : This closed-end, externally managed and non-diversified investment company with investment objective to generate current income and capital appreciation by investing primarily in floating rate loans and other investments made to the United States middle-market companies, has witnessed the Zacks Consensus Estimate for its current year earnings increasing ...