On 05/07, DHT announced Q1 2025 results
-
TCE revenue of $79.3M
-
Adjusted EBITDA of $56.4M
-
Net Income of $44.1M
-
Fleet avg $38,200 daily
https://static.seekingalpha.com/uploads/sa_presentations/181/110181/original.pdf -
The vessel sale in Jan 2025 makes sense - older vessel. It was time for DHT to move on
-
The TC on a non-modern vessel @ $40K daily - good
-
The TC on a modern vessel @ $52K daily - very good
Subsequent events: -
7-year TC @ $41K + profit-share - very good
-
Sale of two 2011-built vessels - as commented before - not impressed
Debt at a manageable level. Dividend okay.