DHT Q2 2025

Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025

Earnings

DHT Holdings delivered a blowout second quarter, posting earnings per share of $0.35 against a consensus estimate of $0.25, a beat of 40.90%, while revenue of $128.32 million cleared the $93.75 million estimate by 36.88%, even as total revenue slippe… Read more DHT Holdings delivered a blowout second quarter, posting earnings per share of $0.35 against a consensus estimate of $0.25, a beat of 40.90%, while revenue of $128.32 million cleared the $93.75 million estimate by 36.88%, even as total revenue slipped 15.2% year over year amid softer tanker markets. The headline driver was a $17.50 million gain on the sale of VLCC DHT Lotus, which helped lift reported net income to $56.03 million from $44.49 million in the prior-year period; stripped of that gain, adjusted EPS came in at $0.24. The VLCC spot market also contributed, with rates recovering to $48,700 per day in Q2 from a weak $36,300 in Q1, though still trailing the $52,700 achieved a year ago. Looking ahead, management struck a cautiously constructive tone, noting that while Q3 bookings started softly, with 73% of spot days covered at $38,500 per day, potential catalysts including higher OPEC export volumes, tighter sanctions enforcement on Russian barrels, and possible Red Sea disruptions could support a tighter supply-demand balance into year-end.