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DHT Holdings (DHT)
NYSE:DHT
Earnings Data
Report Date
May 06, 2026TBA (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.58Last Year’s EPS
0.27Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a strongly positive operational and financial picture: robust quarterly and annual profitability, a well-funded fleet renewal program, solid liquidity and low leverage, high shareholder returns via dividends, and healthy booking and breakeven metrics. The company is intentionally increasing spot exposure to capitalize on favorable market dynamics and benefits from timely newbuilding deliveries. Offsetting this optimism are elevated capital deployment, scheduled special surveys and non-recurring costs, increased earnings volatility from higher spot exposure, and unresolved external uncertainties (sanctioned fleet outcomes, demolition protocols, and policy risks) that could affect supply dynamics and asset values. Overall, the highlights materially outweigh the lowlights.Company Guidance
Strong Q4 and Full-Year Profitability
Q4 2025 TCE revenues of $118.0M, adjusted EBITDA of $95.0M and net income of $66.0M ($0.41/share). FY 2025 TCE revenues of $369.0M, adjusted EBITDA of $278.0M and net income of $211.0M ($1.31/share). Adjusted FY net income (ex-sale gains) $158.0M ($0.99/share). FY adjusted EBITDA margin ~75.3% (278/369) and net income margin ~57.2% (211/369), underscoring very strong profitability for the year.
Robust Fleet Earnings and Spot Premium
Average Q4 spot earnings of $69,500/day versus time-charter earnings of $49,400/day; combined fleet TCE of $60,300/day. Spot rates were approximately 40.8% higher than time-charter rates ((69,500-49,400)/49,400 ≈ 40.8%), highlighting the attractive spot market realized in the quarter.
Solid Balance Sheet and Liquidity
Total liquidity at quarter end $189.0M (cash $79.0M + $110.5M available RCF). Following January transactions, current RCF availability stands at $171.9M. Financial leverage on a market value basis was 17.6%, and net debt was under $16M per vessel—well below estimated residual values.
Active, Funded Fleet Renewal and Accretive Disposals
Delivered newbuilding DHT Antelope (Jan 2) and secondhand DHT Nokota (2018). Agreed sales of older vessels: DHT China + DHT Europe for $101.6M (expected combined gain ≈ $60M, cash proceeds ≈ $95M) and sale of DHT Bauhinia for $51.5M (expected gain ≈ $34.2M). Four newbuilds funded and scheduled to deliver in H1 2026; renewal executed without issuing new shares.
Shareholder Returns and Capital Allocation Discipline
Board approved Q4 dividend $0.41/share (100% ordinary net income policy), marking 64 consecutive quarterly cash dividends. Q4 dividend distribution $28.9M. Accumulated dividends since Q3 2022 equal $3.34/share.
Booking Visibility and Low Cash Breakeven
Q1 2026 bookings: 797 time-charter days at an average of $43,300/day; 1,195 spot days of which 76% are already booked at an average of $78,900/day. Spot P&L breakeven for Q1 estimated at $18,300/day; 2026 spot cash breakeven estimated at $17,500/day. Company expects spot exposure to reach ~75% of capacity in Q2 2026, and estimates a P&L vs cash breakeven delta of $6,700/day (~$56M for the year) to be retained for corporate purposes.
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 |
|---|---|---|---|
Feb 04, 2026 | $13.94 | $14.23 | +2.08% |
Oct 29, 2025 | $12.87 | $12.92 | +0.38% |
Aug 06, 2025 | $11.13 | $11.29 | +1.48% |
May 06, 2025 | $10.70 | $10.61 | -0.89% |
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 May 06, 2026, TBA (Confirmed).
What is DHT Holdings (DHT) earnings time?
DHT Holdings (DHT) earnings time is at May 06, 2026, 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 2026 (Q1) is 0.58.