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DHT Holdings ( (DHT) ) just unveiled an update.
On May 5, 2026, DHT Holdings reported first-quarter 2026 results marked by a sharp earnings jump, with shipping revenues rising to $186.3 million and adjusted EBITDA reaching $133.3 million, driven by strong VLCC spot rates averaging $91,700 per day and higher time charter rates. Net profit surged to $164.5 million, boosted by a $60 million gain from selling the 2007-built VLCCs DHT Europe and DHT China, while ordinary net income was $103.4 million, or $0.64 per basic share, supporting a cash dividend of $0.64 in line with its 100% payout of ordinary earnings.
Operationally, the company advanced its fleet renewal strategy by taking delivery of three newbuildings in the quarter, with total program payments reaching $444.2 million and remaining installments of $77.5 million partly backed by a $308.4 million secured credit facility. It also deepened fixed-rate coverage and near-term cash flow visibility through a series of lucrative one-year time charters, a five-year extension for DHT Harrier, and a multi-year charter for newbuilding DHT Gazelle, while agreeing in January 2026 to sell another 2007-built VLCC, DHT Bauhinia, for $51.5 million, further pivoting away from older tonnage amid a tightening VLCC market supported by strong fundamentals and geopolitical disruptions.
The most recent analyst rating on (DHT) stock is a Buy with a $23.00 price target. To see the full list of analyst forecasts on DHT Holdings stock, see the DHT Stock Forecast page.
Spark’s Take on DHT Stock
According to Spark, TipRanks’ AI Analyst, DHT is a Outperform.
The score is driven primarily by strong earnings-call fundamentals (booking visibility, low breakevens, liquidity/low leverage, and dividend policy) and solid underlying profitability/balance-sheet health. Offsetting factors are volatile free cash flow and very overbought technical signals that raise near-term downside risk, while valuation remains supportive due to the moderate P/E and high yield.
To see Spark’s full report on DHT stock, click here.
More about DHT Holdings
DHT Holdings, Inc. is a Bermuda-based crude oil tanker company listed on the NYSE that primarily operates a fleet of VLCCs in the global seaborne oil transportation market. The company generates revenue through spot and time charter contracts and has been modernizing its fleet via newbuildings while selectively selling older vessels to optimize efficiency and earnings resilience.
Average Trading Volume: 4,783,670
Technical Sentiment Signal: Buy
Current Market Cap: $2.99B
Learn more about DHT stock on TipRanks’ Stock Analysis page.