DHT Holdings Inc

DHT Holdings, Inc. posted a blowout second quarter for 2026, beating Wall Street on both the top and bottom lines and extending its consecutive EPS beat streak to five straight quarters. The VLCC tanker operator reported adjusted EPS of $1.22, ahead of the $1.14 consensus by 6.63%, while revenue of $285.01 million cleared estimates by 19.58% and more than doubled year-over-year, rising 122.1% from the prior-year period. The primary driver was a dramatic surge in day rates rather than fleet growth; DHT's spot market VLCCs earned $162,600 per day on average during the quarter, roughly triple the $48,700 per day recorded a year ago, as Middle East geopolitical tensions extended trade routes and tightened effective tanker supply. Adjusted EBITDA reached $231.00 million, and under DHT's 100% payout policy, the adjusted result translated directly into the quarterly dividend. Looking ahead, 79% of combined Q3 2026 VLCC days have already been booked at an average of $104,400 per day, offering meaningful near-term earnings visibility as favorable market conditions persist.