Nordic American Tankers Ltd (NYSE: NAT) – Report as per June 30, 2026 – The direction of NAT is unquestionably upwards – rates & values are up
Nordic American Tankers reported Q2 net income of $68.3 million, up from $46.3 million in the prior quarter, driven by a 32% sequential increase in Time Charter Equivalent rates to $63,000 per day. The company increased its quarterly dividend by 22% to $0.27 per share, marking its 116th consecutive distribution, while cash on hand rose to $175 million.
Key figures
- Guidance
- Q3 bookings: about 75% of fleet booked at approx $54,000 per day per ship
- Tce q1
- 47600
- Tce q2
- 63000
- Fleet size
- 17
- Cash balance
- 175000000
- Net result q1
- 46300000
- Net result q2
- 68300000
- Ships on order
- 2
- Vessel sale price
- 26000000
AI analysis
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