NORDIC AMERICAN TANKERS Ltd (NAT) Form 6-K — Jun 1, 2026
Nordic American Tankers (NAT) reported a dramatic surge in profitability for the first quarter of 2026, posting net income of $46.3 million. This single-quarter result exceeded the company’s entire net income for the full year of 2025, which was $12.3 million. The earnings beat was driven by a sharp increase in tanker charter rates, with the average time charter equivalent (TCE) rising to $47,600 per day per vessel in Q1, up from $27,490 in Q4 2025. Additionally, the company recorded a $14.4 million gain from the sale of two older vessels.
Key figures
- Eps
- 0.22
- Revenue
- 77513000
- Net Income
- 46291000
- Cash Position
- 81120000
- Fleet size
- 18
- Tce per day
- 47600
- Adjusted ebitda
- 54012000
- Gain on disposal
- 14449000
- Dividend per share
- 0.22
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