Reported results yesterday (05/29). The Press release includes the high level points. The pdf includes added details
- Voyage revenue of $37.9M
- Net Income of $4.2M
- Declared Q1 2025 div of 7c/sh
- Took delivery of two, new-to-NAT, 2016-builts vessels in April 2025. Also, delivered an older vessel. Fleet now at 20 vessels
- Refinanced their bank facility, and released vessels from collateral (Only 7 vessels are collateral for the $150M loan)
The net debt per vessel (currently less than $11M) gives NAT some flexibility. Currently, there are 5 - 6 vessels unencumbered.