NORDIC AMERICAN TANKERS Ltd (NAT) Form 6-K — Aug 27, 2026

$NATForm 6-KFiled Aug 27, 2026, 4:09 PM ET0000919574-26-005786Original filing

Nordic American Tankers reported Q2 2026 net profit of $68.3 million ($0.32 per share), a sharp turnaround from a $0.9 million loss in the year-ago quarter, driven by time charter equivalent rates of $63,000/day per ship and $21.3 million in vessel-sale gains. The quarterly dividend was raised to $0.27 per share from $0.22, the company's 116th consecutive quarterly cash payout, payable September 24, 2026 to shareholders of record September 10, 2026.

Key figures

Eps: 0.32
Revenue: $79.3 million net voyage revenue (2Q26)
Guidance: Q3 2026: ~75% of fleet booked at about $54,000/day per ship; management expects 2026 to be the best year since the 1995 stock exchange listing
Net Income: $68.3 million (vs -$0.9 million in 2Q25 and $46.3 million in 1Q26)
Total Debt: $406.6 million per balance sheet ($371.2M long-term + $35.4M current portion); company-stated Net Debt of $215.8 million ($12.7 million per ship)
Revenue Yoy: $79.3 million in 2Q26 vs $40.2 million in 2Q25 (net voyage revenue, roughly doubling)
Total Assets: $917.5 million
Cash Position: $133.3 million per June 30, 2026 balance sheet ($45.9 million at Dec 31, 2025); $175 million per CEO letter as of late August 2026
Shares Outstanding: 211750663
Fleet: 17 Suezmax tankers plus 2 newbuildings on order for 2028 delivery
Q3 bookings: ~75% of fleet booked at about $54,000/day per ship
Tce q2 2026: $63,000/day per ship (vs $47,600/day in 1Q26)
Dividend dates: payable September 24, 2026; record date September 10, 2026
Vessel sale price: $26 million for 2003-built tanker
Beal clmg facility: $150 million five-year facility dated Feb 6, 2025; $139 million outstanding, secured by 7 tankers
Dividend per share: $0.27 (up from $0.22 in prior quarter)
H1 2026 net income: $114.6 million
Spot market earnings: $60,000-$90,000/day, sometimes more
Ocean yield financing: $270.7 million outstanding across 8 vessels
Operating cost per day: below $10,000
Adjusted ebitda q2 2026: $67.6 million (vs $54.0M in 1Q26 and $15.8M in 2Q25)
World suezmax orderbook: 209 vessels, 33% of the 633-vessel world fleet
Gain on vessel disposal q2: $21.3 million
Operating cash flow h1 2026: $98.6 million
Consecutive quarterly dividends: 116
Loss of hire insurance recoveries: $14.6 million

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