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DHT Holdings (DHT)
NYSE:DHT
Earnings Data
Report Date
May 13, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.2Last Year’s EPS
0.29Same Quarter Last Year
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 05, 2025
|% Change Since: -6.71%
|Next Earnings Date:May 13, 2025
Earnings Call Sentiment|Positive
The earnings call depicted a generally positive performance for DHT Holdings, with strong financial metrics and strategic achievements such as successful share repurchases and vessel sales. The positive market outlook and constructive fleet supply story further underscore the company's favorable position. However, challenges related to market volatility, older fleet management, and geopolitical factors were also highlighted.Company Guidance
During the Q4 2024 earnings call for DHT Holdings, the company reported a robust financial performance, highlighting a total liquidity of $258 million, including $78 million in cash and $180 million available under revolving credit facilities. The company's financial leverage was 18%, and net debt was $13.8 million per vessel. Revenue on a TCE basis was $85.5 million, with an EBITDA of $60.6 million and a net income of $54.7 million, or $0.34 per share. After adjustments for prior impairment reversals, adjusted net income was $26.8 million, or $0.17 per share. Vessel operating expenses were $20 million, and G&A expenses totaled $5.6 million, including a non-recurring item of $0.7 million. The average TCE for spot market vessels was $38,200 per day, with younger vessels and those on time charter achieving $40,500 per day. For the full year 2024, adjusted net income was $153.6 million, or $0.95 per share. Looking ahead, DHT Holdings plans to allocate proceeds from asset sales to general corporate purposes, including investments and debt prepayment, and anticipates a one-year time charter for DHT China at $40,000 per day. The company declared a Q4 dividend of $0.17 per share and estimated G&A and depreciation expenses for 2025. The market outlook remains positive, with increasing demand and supportive fleet demographics expected to benefit the VLCC segment.Strong Financial Performance
DHT Holdings reported a net income of $54.7 million for Q4 2024, equal to $0.34 per share. After adjustments, net income was $26.8 million, equal to $0.17 per share. The company also had a total liquidity of $258 million at the end of the quarter.
Successful Share Repurchase
DHT repurchased 1.5 million shares at an average price of $8.89, which was accretive to earnings per share and net asset value.
Sale of Older Vessel
DHT sold the DHT Scandinavia, a ship built in 2006, for $43.4 million, generating a book gain of approximately $19.8 million.
Positive Market Outlook
The market for modern VLCCs with exhaust gas cleaning systems is estimated to be in the $55,000 to $60,000 a day range, with strong customer interest in time charter contracts.
Constructive Supply Story
DHT highlighted favorable fleet demographics and a shrinking VLCC fleet, with 444 VLCCs estimated to be older than fifteen years by the end of 2026.
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DHT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DHT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 05, 2025 | $11.62 | $11.34 | -2.41% |
| Nov 12, 2024 | $9.78 | $10.31 | +5.42% |
| Aug 12, 2024 | $10.46 | $10.10 | -3.44% |
| May 14, 2024 | $11.22 | $11.27 | +0.45% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does DHT Holdings (DHT) report earnings?
DHT Holdings (DHT) is schdueled to report earning on May 13, 2025, TBA Not Confirmed.
What is DHT Holdings (DHT) earnings time?
DHT Holdings (DHT) earnings time is at May 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DHT EPS forecast?
DHT EPS forecast for the fiscal quarter 2025 (Q1) is 0.2.
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