The earnings call highlighted DHT's strong financial performance, robust balance sheet, successful fleet management, and strategic financial moves. However, it also noted challenges in the VLCC market and a disappointing start to Q3 2025. The highlights, including solid financial metrics and strategic fleet actions, outweigh the lowlights.

Company Guidance -

Q3 2025

In the Q2 2025 earnings call, DHT Holdings reported robust financial metrics, including revenues of $92.8 million on a TCE basis and an adjusted EBITDA of $69 million. The net income was $56 million, translating to $0.35 per share, but after an adjustment for a $17.5 million gain from the sale of DHT Lotus, net profit was $38.6 million or $0.24 per share. Vessel operating expenses were $19.6 million, and general and administrative expenses were $4.6 million. The average TCE achieved for the quarter was $46,300 per day, with spot market vessels earning $48,700 per day and time charter vessels earning $42,800 per day. DHT declared a dividend of $0.24 per share, following its capital allocation policy of paying out 100% of ordinary net income as dividends. The company ended the quarter with total liquidity of $299 million, including $82.6 million in cash and $216.5 million available under two revolving credit facilities. DHT also outlined strategic moves, including fleet renewals and refinancing agreements, to maintain a strong financial position and shareholder value.

Strong Financial Performance

In Q2 2025, DHT Holdings achieved revenues on TCE basis of $92.8 million and adjusted EBITDA of $69 million. Net income was $56 million, equal to $0.35 per share.

Robust Balance Sheet

DHT ended Q2 2025 with total liquidity of $299 million and financial leverage of 14.1%. Net debt was $10 million per vessel, well below estimated residual ship values.

Fleet Management and Expansion

DHT sold two vessels for a combined $103 million and acquired a modern secondhand vessel for $107 million. They also secured a 7- to 9-year charter contract for DHT Appaloosa.

Positive Cash Flow and Dividends

DHT generated $69 million in EBITDA and declared a dividend of $0.24 per share, marking the 62nd consecutive quarterly dividend.

New Credit Facility

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

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)	0.19 / -	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	$11.28	$11.45	+1.51%
May 06, 2025	$10.85	$10.75	-0.92%
Feb 05, 2025	$11.23	$10.95	-2.49%
Nov 12, 2024	$9.45	$9.96	+5.40%

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 0.19.

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