The earnings call highlighted DHT Holdings' solid financial performance and strategic vessel transactions, demonstrating strong operational execution. However, challenges in market conditions and a slow start to Q3 2025 tempered the positive outlook. Despite these challenges, DHT's robust balance sheet and strategic positioning were emphasized as strengths.

Company Guidance -

Q3 2025

During the Q2 2025 earnings call, DHT Holdings provided detailed financial and operational guidance. The company reported revenues on a TCE basis of $92.8 million and adjusted EBITDA of $69 million. Net income was $56 million, or $0.35 per share, and after adjustments, the net profit was $38.6 million, or $0.24 per share. Vessel operating expenses were $19.6 million, and G&A expenses were $4.6 million. The average TCE for spot market vessels was $48,700 per day, while time charters averaged $42,800 per day, with a combined average TCE of $46,300 per day. DHT maintained a strong balance sheet with liquidity of $299 million, including $82.6 million in cash and $216.5 million in revolving credit facilities. Financial leverage was 14.1%, and net debt was $10 million per vessel. The company declared a $0.24 per share dividend. Looking forward, DHT has secured 805 time charter days at $40,500 per day for Q3 2025 and booked 73% of 1,150 spot days at $38,500 per day. The company also highlighted potential market catalysts, including shifts in global oil trade dynamics and macroeconomic factors, while addressing ongoing fleet renewal and financing strategies.

Strong Financial Performance

DHT Holdings achieved revenues on a TCE basis of $92.8 million, adjusted EBITDA of $69 million, and net income of $56 million for Q2 2025. After adjusting for the $17.5 million gain on sale of vessels, net profit was $38.6 million.

Robust Balance Sheet

DHT ended Q2 2025 with total liquidity of $299 million, including $82.6 million in cash and $216.5 million available under revolving credit facilities. Financial leverage was 14.1%, with net debt at $10 million per vessel.

Successful Vessel Transactions

DHT sold two vessels, DHT Lotus and DHT Peony, for a combined price of $103 million, recording a capital gain of $17.5 million for Lotus. They also acquired a modern vessel for $107 million.

New Credit Facilities

DHT secured a $308.4 million credit facility for newbuildings, priced at SOFR plus an average weighted margin of 132 bps, with a 12-year tenure and 20-year repayment profile.

High Charter Rates

DHT secured a 1-year time charter for DHT Bauhinia at $41,500 per day and a 7- to 9-year charter for DHT Appaloosa at $41,000 per day with a profit-sharing structure.

DHT Holdings (DHT) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

DHT Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 18, 2025	2025 (Q3)	0.23 / -	0.22	―	―	―
Aug 06, 2025	2025 (Q2)	0.26 / 0.35	0.27	29.63% (+0.08)
May 06, 2025	2025 (Q1)	0.17 / 0.27	0.29	-6.90% (-0.02)
Feb 05, 2025	2024 (Q4)	0.18 / 0.34	0.22	54.55% (+0.12)
Nov 12, 2024	2024 (Q3)	0.19 / 0.22	0.19	15.79% (+0.03)
Aug 12, 2024	2024 (Q2)	0.28 / 0.27	0.35	-22.86% (-0.08)
May 14, 2024	2024 (Q1)	0.30 / 0.29	0.237	22.36% (+0.05)
Feb 06, 2024	2023 (Q4)	0.21 / 0.22	0.38	-42.11% (-0.16)
Nov 06, 2023	2023 (Q3)	0.20 / 0.19	-0.01	2000.00% (+0.20)
Aug 08, 2023	2023 (Q2)	0.34 / 0.35	0.06	483.33% (+0.29)

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

DHT Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 06, 2025	$11.53	$11.70	+1.47%
May 06, 2025	$11.09	$10.99	-0.90%
Feb 05, 2025	$11.47	$11.19	-2.44%
Nov 12, 2024	$9.66	$10.18	+5.38%

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.

FAQ

When does DHT Holdings (DHT) report earnings?

DHT Holdings (DHT) is schdueled to report earning on Nov 18, 2025, TBA (Confirmed).

What is DHT Holdings (DHT) earnings time?

DHT Holdings (DHT) earnings time is at Nov 18, 2025, TBA (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 (Q3) is 0.23.

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