Dht Holdings ( (DHT) ) has released its Q2 earnings. Here is a breakdown of the information Dht Holdings presented to its investors.
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DHT Holdings, Inc. is an independent crude oil tanker company operating in the VLCC segment, with a focus on international trade and integrated management across multiple locations. In the second quarter of 2025, DHT Holdings reported shipping revenues of $127.9 million, a decrease from the previous year, but achieved a net profit of $56.0 million, bolstered by a $17.5 million gain from the sale of DHT Lotus. The company also declared a cash dividend of $0.24 per share, maintaining its policy of paying out 100% of ordinary net income. Key financial metrics for the quarter included an adjusted EBITDA of $69.0 million and a basic earnings per share of $0.35. Strategic moves during the quarter included entering a seven-year time charter contract for DHT Appaloosa and selling two vessels for a combined $103.0 million. The company also acquired full ownership of Goodwood Ship Management Pte. Ltd. and entered into a new credit facility for refinancing purposes. Looking ahead, DHT Holdings remains optimistic about the VLCC market, expecting favorable supply dynamics due to an aging fleet and a limited order book for new ships. The company anticipates positive developments from increased Middle Eastern OPEC volumes and potential changes in global trade patterns, supporting its positive outlook for the business.