)
Edge20 Mar 2026
Tetra Pak: The Shape of Innovation
The story of Tetra Pak, the Rausing family, and how a paper tetrahedron gave rise to a company that now delivers almost 180 billion packages a year.
Nordic American Tankers
Nordic American Tankers (NAT) investor relations material
Nordic American Tankers Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary26 Feb, 2026
Executive summary
Achieved best quarterly result of 2025 in Q4, with net income of $11.7 million and adjusted EBITDA of $34.7 million, reversing a Q3 net loss.
Declared a $0.17 per share dividend for Q4 2025, marking the 114th consecutive quarterly dividend.
Entered a 1-year fixed contract with an oil major at over $50,000 per day and booked nearly two-thirds of Q1 2026 spot days at about $55,000 per day.
Fleet consists of 20 Suezmax tankers, with two newbuilds ordered for 2028 and several older vessels sold in late 2025 and early 2026.
Financial highlights
Q4 2025 net voyage revenue was $58.8 million, up from $45.7 million in Q3 2025.
Q4 2025 net income was $11.7 million, compared to a net loss of $2.8 million in Q3 2025.
Q4 2025 adjusted EBITDA reached $34.7 million, up from $21.4 million in Q3 2025.
Average TCE for Q4 2025 was $35,000 per day per vessel, up 25% sequentially.
Cash position exceeded $100 million at the report date.
Outlook and guidance
Long-term fleet outlook is positive due to scarcity of compliant ships and increased pressure on the shadow fleet.
Bookings for Q1 and Q2 2026 are strong, with spot rates around $55,000 per day.
Anticipates continued strong tanker markets, supported by high oil demand and limited new vessel deliveries relative to aging fleet.
Net fleet change expected by 2028?
What assets secure the remaining 5 vessels?
Net change in Suezmax fleet by 2027 end?
Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.Research faster. Power your platform.
Latest events from Nordic American Tankers
- ATM equity offering targets $60M for general purposes, with up to 10% dilution risk.NAT
Registration Filing16 Dec 2025 - Q3 2025 delivered higher adjusted EBITDA and TCE, with strong demand and a positive market outlook.NATQ3 202512 Dec 2025
- Q2 2025 posted a net loss but maintained dividends, with strong market fundamentals supporting future growth.NATQ2 20259 Sep 2025
- Q1 2025 delivered profit, dividend continuity, and fleet growth, with a positive market outlook.NATQ1 20258 Jul 2025
- Q3 2024 profit up, strong tanker demand, and 109th consecutive dividend declared.NATQ3 202413 Jun 2025
- Q2 net profit surged to $21.6M, with strong rates and a 108th consecutive dividend declared.NATQ2 202413 Jun 2025
- 2024 net income reached $46.6M, with ongoing dividends and fleet renewal driving optimism.NATQ4 20245 Jun 2025
Next Nordic American Tankers earnings date
Q1 202629 May, 2026
Nordic American Tankers
Next Nordic American Tankers earnings date
Q1 202629 May, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Explore our global coverage