Workflow
DHT(DHT)
icon
Search documents
DHT Holdings, Inc. announces appointment of Mr. Erik Bartnes to the Board of Directors
Globenewswire· 2026-02-24 21:15
HAMILTON, BERMUDA, February 24, 2026 – DHT Holdings, Inc. (NYSE:DHT) (“DHT” or the “Company”) today announced the appointment of Mr. Erik Bartnes to the Board of Directors, effective March 1, 2026. Mr. Bartnes was one of the co-founders of Hafnia Tankers in 2010, served as executive chair until the merger between Hafnia Tankers and BW Tankers in January 2019, and has since served as a director on Hafnia’s Board of Directors until 2025. Mr. Bartnes is currently chair of Castel AS and Trobo AS and a board mem ...
DHT Holdings, Inc. secures one-year time charter for DHT Redwood
Globenewswire· 2026-02-23 21:15
HAMILTON, BERMUDA, February 23, 2026 – DHT Holdings, Inc. (NYSE:DHT) (“DHT” or the “Company”) today announced it has entered into a one-year time charter agreement at $105,000 per day for the VLCC DHT Redwood, built in 2011. The contract is expected to commence in March 2026 and has been concluded with a global energy company. About DHT Holdings, Inc.DHT is an independent crude oil tanker company. Our fleet trades internationally and consists of crude oil tankers in the VLCC segment. We operate through our ...
DHT Holdings, Inc. secures one-year time charter for DHT Taiga
Globenewswire· 2026-02-19 21:15
DHT Holdings, Inc. secures one-year time charter for DHT Taiga HAMILTON, BERMUDA, February 19, 2026 – DHT Holdings, Inc. (NYSE:DHT) (“DHT” or the “Company”) today announced it has entered into a one-year time charter agreement at $94,000 per day for the VLCC DHT Taiga, built in 2012. The contract is expected to commence in March 2026 and has been concluded with a global energy company. About DHT Holdings, Inc.DHT is an independent crude oil tanker company. Our fleet trades internationally and consists of c ...
Reddit Is Betting $80K on DHT as Tanker Rates Hit Record Highs
247Wallst· 2026-02-19 17:37
Group 1 - DHT Holdings (DHT) has seen a 36% increase year-to-date, trading at $16.64 as of February 18, 2026, and distributes 100% of net income as quarterly dividends [1] - DHT reported Q4 2025 revenue of $144.16 million, exceeding estimates by 24%, with VLCC spot rates averaging $69,500 per day, a significant rise from $38,200 per day in Q4 2024 [1] - The company has secured a one-year charter for DHT Opal at $90,000 per day starting February 2026, which will contribute to its dividend payouts [1] Group 2 - DHT's Q4 2025 net income was $66 million, leading to a dividend of $0.41 per share, marking the 64th consecutive quarterly dividend [1] - For Q1 2026, DHT has locked in 76% of spot days at $78,900 per day, while four newbuildings are expected to deliver in the first half of 2026 [1] - Analysts have a consensus rating of "Strong Buy" for DHT, with a price target of $16.33, and the stock has a forward P/E of 9 and a yield of 10.1% [1] Group 3 - The sustainability of DHT's dividend payouts is contingent on day rates remaining above the breakeven level of $18,300 for Q1 2026 [1] - DHT's dividend history shows volatility, with payouts of $1.15 in 2023, $1.00 in 2024, and $0.74 in 2025, although the recent $0.41 payout is the highest on record [1] - Operating cash flow decreased to $276 million in 2025 from $298 million in 2024, with capital expenditures of $309 million resulting in negative free cash flow [1]
DHT Holdings, Inc. secures one-year time charter for DHT Opal
Globenewswire· 2026-02-18 10:20
HAMILTON, BERMUDA, February 18, 2026 – DHT Holdings, Inc. (NYSE:DHT) (“DHT” or the “Company”) today announced it has entered into a one-year time charter agreement at $90,000 per day for the VLCC DHT Opal, built in 2012. The contract is expected to commence in February 2026 and has been concluded with a global energy company. About DHT Holdings, Inc.DHT is an independent crude oil tanker company. Our fleet trades internationally and consists of crude oil tankers in the VLCC segment. We operate through our ...
DHT Holdings (DHT) Beats Forecasts in Q4 2025 Results
Yahoo Finance· 2026-02-17 02:43
The share price of DHT Holdings, Inc. (NYSE:DHT) surged by 6.99% between February 6 and February 13, 2026, putting it among the Energy Stocks that Gained the Most This Week. DHT Holdings (DHT) Beats Forecasts in Q4 2025 Results DHT Holdings, Inc. (NYSE:DHT), through its subsidiaries, owns and operates crude oil tankers primarily in Monaco, Singapore, Norway, and India. DHT Holdings, Inc. (NYSE:DHT) reported strong results for Q4 2025 on February 4, beating expectations in both earnings and revenue. The ...
1 Dividend Stock Yielding 4.7% and Trading at 10-Year Highs
Yahoo Finance· 2026-02-13 19:10
Core Viewpoint - DHT Holdings is positioned for growth with a focus on providing stable shareholder distributions while leveraging incremental cash flow for future opportunities [1][6]. Company Overview - DHT Holdings operates a fleet valued at $2.49 billion, consisting of three Very Large Crude Carriers, two Suezmax tankers, and four Aframax tankers [1]. - The company is trading at a new 15-year high, with shares up 41% over the past 52 weeks [6]. Financial Performance - Revenue is expected to grow by 73.79% this year, while earnings are estimated to increase by 72.27% [8]. - DHT Holdings pays a dividend yielding 4.7% [6][7]. Technical Indicators - DHT has a Weighted Alpha of +53.63 and a 100% "Buy" opinion from Barchart [7]. - The stock has gained 41.31% over the past 52 weeks and has a current trading price of $15.83, with a 50-day moving average of $13.26 [7]. - The Relative Strength Index (RSI) is at 78.30, indicating strong momentum [7]. Analyst Sentiment - Analysts have given DHT Holdings 7 "Strong Buy" opinions, with price targets ranging from $12.80 to $18.00 [8]. - Morningstar rates the stock as 17% overvalued, while Value Line rates it "Above Average" [8]. - The stock has a trailing price-earnings ratio of 12.9x [7].
See DHT Holdings Rise with Institutional Inflows
FX Empire· 2026-02-06 14:09
Core Viewpoint - The content emphasizes the importance of conducting personal due diligence and consulting with competent advisors before making any financial decisions, particularly in relation to investments in cryptocurrencies and CFDs [1]. Group 1 - The website provides general news, personal analysis, and third-party materials intended for educational and research purposes [1]. - It explicitly states that the information should not be interpreted as a recommendation or advice for investment actions [1]. - The accuracy and reliability of the information are not guaranteed, and users are cautioned against relying solely on the content provided [1]. Group 2 - The website discusses the complexities and high risks associated with cryptocurrencies and CFDs, highlighting the potential for significant financial loss [1]. - It encourages users to conduct their own research and fully understand the instruments and risks involved before making investment decisions [1].
DHT(DHT) - 2025 Q4 - Earnings Call Transcript
2026-02-05 14:02
Financial Data and Key Metrics Changes - In Q4 2025, the company achieved revenues on a TCE basis of $118 million and adjusted EBITDA of $95 million, with net income at $66 million, equating to $0.41 per share [3][4] - For the full year 2025, revenues on a TCE basis reached $369 million, with adjusted EBITDA of $278 million and net income of $211 million, or $1.31 per share [4][5] - The company reported a total liquidity of $189 million at the end of Q4, consisting of $79 million in cash and $110.5 million available under revolving credit facilities [5][6] Business Line Data and Key Metrics Changes - Vessels trading in the spot market earned an average of $69,500 per day, while those on time charters achieved $49,400 per day, leading to an average combined TCE of $60,300 per day for the quarter [4] - The company generated $95.3 million in EBITDA from operations, with $28.9 million distributed to shareholders as cash dividends [6] Market Data and Key Metrics Changes - The current sailing VLCC fleet is estimated at 897 ships, with 46% expected to be older than 15 years by the end of the year [13] - The sanctioned VLCC fleet counts 151 vessels, with 105 older than 20 years, indicating a significant aging fleet [13][14] Company Strategy and Development Direction - The company plans to modernize its fleet by divesting older vessels and replacing them with new builds, with four new vessels expected to enter the fleet in the first half of the year [7][8] - The company is increasing its spot market exposure by reducing fixed income contracts, aiming to participate more in rewarding spot markets [17][18] Management's Comments on Operating Environment and Future Outlook - Management expressed a positive outlook for 2026, citing strong demand, geopolitical volatility, and a rapidly aging global fleet as key factors [18] - The company is well-positioned to benefit from market dynamics, with a solid fleet and a clear mandate to return earnings to shareholders [18] Other Important Information - The board approved a dividend of $0.41 per share for Q4 2025, marking the 64th consecutive quarterly cash dividend [10] - The estimated spot cash break-even for 2026 is projected at $17,500 per day, reflecting the sale of older vessels and scheduled surveys [10] Q&A Session Summary Question: Can you help reconcile the commentary about consolidation and the stronger time charter market? - Management confirmed that end users are actively seeking time charters, with rates above previous terms, indicating a strong demand for reliability in the market [22][23] Question: What is the outlook on global oil demand growth? - Management noted that while global oil demand growth is stabilizing around 1%, seaborne crude oil transportation demand is expected to grow at approximately 2.5% [25][26] Question: How does the company view the consolidation of the fleet? - Management believes that the consolidation of the fleet will change market dynamics, particularly in pricing behavior and information flow among ship owners [35][36] Question: What is the company's stance on newbuild prices and potential investments? - Management indicated that while there is interest in modern ships, current market conditions make it challenging to find meaningful investments at attractive prices [69][70]
DHT(DHT) - 2025 Q4 - Earnings Call Transcript
2026-02-05 14:02
Financial Data and Key Metrics Changes - In Q4 2025, the company achieved revenues on a TCE basis of $118 million and adjusted EBITDA of $95 million, with net income at $66 million, or $0.41 per share [3][4] - For the full year 2025, revenues on a TCE basis were $369 million, adjusted EBITDA was $278 million, and net income was $211 million, or $1.31 per share [4] - The company reported a total liquidity of $189 million at the end of Q4, with financial leverage at 17.6% [5] Business Line Data and Key Metrics Changes - Vessels trading in the spot market earned an average of $69,500 per day, while those on time charters achieved $49,400 per day, leading to an average combined TCE of $60,300 per day for the quarter [4] - The company generated $95.3 million in EBITDA from operations, with $28.9 million distributed to shareholders as cash dividends [6] Market Data and Key Metrics Changes - The current sailing VLCC fleet consists of 897 ships, with 46% expected to be older than 15 years by the end of the year [13] - The sanctioned VLCC fleet counts 151 vessels, with 105 older than 20 years, indicating a potential supply squeeze in the market [14][15] Company Strategy and Development Direction - The company plans to modernize its fleet by divesting older vessels and replacing them with newbuildings, with four new vessels expected to enter the fleet in the first half of the year [7][8] - The company aims to increase its spot market exposure to approximately 75% of its capacity by Q2 2026, allowing for greater participation in rewarding spot markets [17] Management's Comments on Operating Environment and Future Outlook - Management expressed a positive outlook for 2026, citing strong demand, geopolitical volatility, and a rapidly aging global fleet as key factors [18] - The company is well-positioned to benefit from market dynamics, with a solid fleet and a clear mandate to return earnings to shareholders [18] Other Important Information - The board approved a dividend of $0.41 per share for Q4 2025, marking the 64th consecutive quarterly cash dividend [10] - The company expects a cash break-even of $17,500 per day for 2026, reflecting the sale of older vessels and scheduled surveys [11] Q&A Session Summary Question: Can you help reconcile the commentary about consolidation and increasing spot exposure? - Management confirmed that end users are actively seeking time charters, with rates above previous terms, indicating a stronger time charter market [21][22] Question: What is the outlook on global oil demand growth? - Management noted that while global oil demand growth is stabilizing around 1%, seaborne crude oil transportation demand is expected to grow at approximately 2.5% [24][25] Question: How does the consolidation of the fleet impact market dynamics? - Management indicated that the consolidation of older vessels could lead to different pricing behavior and improved information flow in the market [36] Question: Are there further willing buyers for ships at current values? - Management stated that there are still buyers for older vessels, and competition for modern second-hand ships remains strong [39] Question: What is the status of demolition protocols for the non-compliant fleet? - Management mentioned that one of the largest cash buyers in the demolition market is seeking approvals to transact with sanctioned counterparties for ship demolition [74][75]