Happy Cinco de Mayo Day!
DHT chose today to release their Q1 2026 results, including
- Shipping rev of $186.3M
- Adjusted EBITDA of $133.3M
- Profit after tax of $164.5M
- Declared a div of 64c/sh for Q1 2026
- Had declared two vessels for sales - delivery in Q1 2026 (gain of $60M from these sales)
- Overall, TCE of $78,800 daily
- Q2 2026 70% done @ $168, 300 daily
https://ml-eu.globenewswire.com/Resource/Download/75428800-f853-4a97-823d-df85aebb9f08
Happy with my decision to add this name to my shipping basket. DHT had taken delivery of 3 of 4 newbuilds by the end of Q1 2026. The company has arranged financing for all four newbuilds, with reasonable gearing (about $75M/newbuild). The company has also opted to sell its oldest VLCC (delivery in Q2 - Q3 2026).