)
Nordic American Tankers (NAT) investor relations material
Nordic American Tankers Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Declared a $0.22 per share dividend for Q1 2026, marking the 115th consecutive quarterly payout.
Net income for Q1 2026 reached $46.3 million, surpassing the entire net result for 2025.
Fleet consists of 18 Suezmax tankers, with two new vessels ordered for delivery in 2028.
Strong market conditions and high demand for oil transportation, especially after the closure of the Strait of Hormuz.
Prospects for continued strong performance and dividend potential are described as excellent.
Financial highlights
Net voyage revenue for Q1 2026 was $77.5 million, up from $58.8 million in Q4 2025.
Adjusted EBITDA for Q1 2026 was $54.0 million, compared to $34.7 million in Q4 2025.
Gain on vessel sales contributed $14.4 million to Q1 2026 results.
Average TCE rate in Q1 2026 was $47,600 per day per vessel, up from $27,490 in Q4 2025.
Operating costs remain below $10,000 per day per ship.
Outlook and guidance
About 90% of the fleet booked at $68,000 per day for Q2 2026, with bookings extending into Q3.
Tanker markets expected to remain strong, supported by high oil demand and limited fleet supply.
Seasonal and geopolitical factors may cause short-term rate volatility.
- Q4 2025 saw record net income and EBITDA, with strong bookings and a positive tanker market outlook.NAT
Q4 202526 Feb 2026 - 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.NAT
Q3 202512 Dec 2025 - Q2 2025 posted a net loss but maintained dividends, with strong market fundamentals supporting future growth.NAT
Q2 20259 Sep 2025 - Q1 2025 delivered profit, dividend continuity, and fleet growth, with a positive market outlook.NAT
Q1 20258 Jul 2025 - Q3 2024 profit up, strong tanker demand, and 109th consecutive dividend declared.NAT
Q3 202413 Jun 2025 - Q2 net profit surged to $21.6M, with strong rates and a 108th consecutive dividend declared.NAT
Q2 202413 Jun 2025 - 2024 net income reached $46.6M, with ongoing dividends and fleet renewal driving optimism.NAT
Q4 20245 Jun 2025
Next Nordic American Tankers earnings date
Next Nordic American Tankers earnings date
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.
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.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
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.
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.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
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.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
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.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
Frequently asked questions
Explore our global coverage