# Nordic American Q3 2034

**URL:** <https://discussion.fool.com/t/nordic-american-q3-2034/111013>\
**Category:** Shipping News\
**Created:** [December 6, 2024, 11:14am UTC](https://discussion.fool.com/t/nordic-american-q3-2034/111013 "2024-12-06T11:14:36Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![HohumYNWA](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/hohumynwa/32/1511_2.png) [@HohumYNWA](https://discussion.fool.com/u/HohumYNWA)\
**Post date:** [December 6, 2024, 11:14am UTC](https://discussion.fool.com/t/nordic-american-q3-2034/111013/1 "2024-12-06T11:14:36Z")

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Nordic American Tankers (NAT) reported their Q3 2024 results last week (11/29). Results included

- Rev of $52M
- Net Income of $8.7M
- Declared Q3 div of 4c/sh
- Avg TCE daily $30,656

[https://ml-eu.globenewswire.com/Resource/Download/809ae07c-2417-450e-97b7-483749c11795](https://ml-eu.globenewswire.com/Resource/Download/809ae07c-2417-450e-97b7-483749c11795)

- NAT mgmt indicates the company secured $125M in charter coverage during Q3 2024. No indication how many vessels involved and/or charter lengths.
- NAT has two financing facilities. The Ocean Yield facility is a sale & leaseback-type facility and covers the newer vessels. The Beale financing is a bank facility that comes due in early 2025. On the surface, the latter facility looks easily refinanced. However, about half the vessels covered in the facility are over 19-yo
- The Q3 div will be paid in 2025.