Dht Holdings (DHT)
NYSE:DHT
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Earnings Data
Report Date
Aug 12, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.07Last Year’s EPS
0.35Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveys a broadly positive operational and financial picture: strong TCE earnings, high adjusted EBITDA margin, robust liquidity, disciplined capital allocation (100% ordinary net income dividend policy) and successful fleet renewal with newbuilding deliveries and favorable chartering activity. Offsetting risks are primarily external: regional geopolitical volatility that has introduced route-specific risk premiums and transactional uncertainty, limited immediate external acquisition opportunities as sellers retain tonnage amid strong freight, and some non-recurring OPEX items. On balance, the highlights substantially outweigh the lowlights.Company Guidance
Strong Quarterly Financial Performance
Q1 2026 TCE-based revenues of $157.0M and adjusted EBITDA of $133.0M (EBITDA margin ≈ 84.7%). Reported net income of $164.5M ($1.02 per share), with ordinary net income after adjustments of $103.4M ($0.64 per share). The $61.1M difference between reported net income and ordinary net income is attributable to a $60.0M gain on sale of DHT Europe and DHT China plus a $1.1M non-cash fair value gain on interest rate derivatives.
Robust Fleet Earnings and Mix
Average spot earnings of $91,700/day and time-charter earnings of $61,300/day produced a combined average TCE of $78,800/day. Spot rates were ~49.6% higher than time-charter rates ((91,700 - 61,300) / 61,300 ≈ 49.6%).
Healthy Balance Sheet and Liquidity
Total liquidity of $350M at quarter end composed of $126M cash and $230M available under two revolving credit facilities; following an April repayment, current availability under RCFs stands at $285.8M. Financial leverage reported at 16.8% (market-value basis) and net debt of $16.5M per vessel.
Fleet Renewal and Newbuilding Deliveries
Delivery of 3 of 4 Antelope-class newbuilds in Q1 (DHT Antelope in January; DHT Addax and DHT Gazelle in March) with the fourth (DHT Empower) expected in summer. One newbuilding already placed on a 5–7 year time charter with a key customer; capital deployed $160M toward vessels under construction (includes first three deliveries).
Active Contracting and Bookings
Numerous charters secured: multi-year extension for DHT Harrier at $47,500/day (with two optional years at $49,000 and $50,000) and several 1-year charters (DHT Opal $90,000; DHT Taiga $94,000; DHT Redwood $105,000). Subsequent to quarter end, two additional 1-year TCs for older ships averaged $109,000/day. For Q2 2026 the company expects 997 time-charter days at an average $73,900/day and 1,025 spot days (88% already booked) at an average $168,300/day.
Shareholder Returns and Capital Allocation Discipline
Board approved a $0.64 per share cash dividend for Q1 2026 consistent with the policy to pay 100% of ordinary net income; this is the 65th consecutive quarterly cash dividend. Dividend payable May 28, ex-dividend May 21.
Low Breakeven and Positive Short-Term Cash Dynamics
Estimated cash breakeven for remaining 2026 quarters is $23,400/day and P&L breakeven $29,700/day (difference ≈ $6,300/day). For Q2 the spot P&L breakeven is estimated to be less than zero given expected time-charter earnings covering costs.
Operational Reliability and Planned Maintenance Execution
Dry-dock program (7 vessels in 2026) is well planned and incorporated into capex outlook. DHT Lion completed its second special survey on time and within expectations; management states no operational disruptions and fleet fully operational during regional volatility.
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
DHT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 05, 2026 | $18.43 | $18.28 | -0.84% |
Feb 04, 2026 | $13.12 | $13.39 | +2.08% |
Oct 29, 2025 | $12.12 | $12.16 | +0.38% |
Aug 06, 2025 | $10.48 | $10.63 | +1.47% |
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 Aug 12, 2026, TBA (Confirmed).
What is Dht Holdings (DHT) earnings time?
Dht Holdings (DHT) earnings time is at Aug 12, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is DHT EPS forecast?
DHT EPS forecast for the fiscal quarter 2026 (Q2) is 1.07.