DHT Holdings reported its strongest quarter in company history, with second quarter shipping revenues of $284.8 million and a net profit of $198.3 million, or $1.23 per share. These record results were driven by exceptionally strong tanker market conditions and robust commercial performance, significantly surpassing analyst expectations.
Key Highlights
- Achieved average combined time charter equivalent (TCE) earnings of $126,700 per day, with VLCCs operating in the spot market earning an average of $162,600 per day.
- Declared a cash dividend of $1.22 per share, representing a 100% payout of ordinary net income and marking the company's 66th consecutive quarterly dividend.
- Provided a strong outlook for the third quarter, with 58% of available VLCC spot days to date booked at an average rate of $152,700 per day.
- Entered into a new $250 million reducing revolving credit facility with a seven-year tenor to enhance financial flexibility.