CMB.TECH Q2 Profit Soars to $364M on Tanker Rate Spike; Proposes $0.64/Share Distribution
CMBT has more than doubled off its 52-week low of $7.86.
Summary
Q2 2026 net profit surged to $364.4 million from $7.8 million a year ago, driven by elevated tanker and dry bulk rates amid Middle East shipping disruptions. A $0.64 per share distribution was proposed.
Key Events · Earnings and Guidance · CMBT
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Q2 Net Profit Surges to $364.4M
Net profit of $364.4 million ($1.26 per share) versus $7.8 million ($0.04 per share) in Q2 2025, driven by elevated tanker and dry bulk rates.
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EBITDA More Than Doubles
Q2 EBITDA reached $552.8 million, up from $224.1 million a year earlier, reflecting strong spot market conditions across the fleet.
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$0.64/Share Distribution Proposed
Supervisory Board proposes $0.64 per share total distribution: $0.21 dividend (30% withholding tax) plus $0.43 share premium payment (tax-exempt), subject to shareholder approval expected in October.
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Vessel Sales Generate $127.4M Q2 Gains
Q2 vessel sales (VLCCs Ilma and Ingrid, Suezmax Sienna) generated $127.4 million in gains, with an additional $100.2 million expected in Q3 and $131.2 million in Q4 from already-announced sales.
Analysis · CMBT · Energy & Transportation
A massive earnings beat underscores how geopolitical turmoil is translating directly into windfall profits for tanker operators. Net profit for Q2 reached $364.4 million, a dramatic leap from just $7.8 million a year earlier, as Middle East shipping disruptions pushed VLCC spot rates to $126,790 per day—more than double the prior year. The company also proposed a $0.64 per share distribution, combining a $0.21 dividend and a $0.43 share premium payment, subject to shareholder approval. Trading near its 52-week high, the stock reflects the market's recognition of this earnings power.
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In the 30 days to Sep 11, 2026, 35.9% of the 1728 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.06%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, CMBT was trading at $18.66 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $5.3B. The 52-week trading range was $7.86 to $18.52. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.