Nordic American Tankers Raises Dividend, Reports Q1 Profit of $46.3M; Q2 Bookings Soar
NAT has more than doubled off its 52-week low of $2.55.
Summary
Nordic American Tankers reported a Q1 2026 net profit of $46.3 million, surpassing its entire net result for 2025. The company also raised its quarterly dividend to $0.22 per share, marking its 115th consecutive payout. This strong performance is driven by robust market conditions, with 90% of the Q2 fleet already booked at an average of $68,000 per day, a significant increase from Q1's $47,600 per day. This confirms the CEO's earlier positive outlook and indicates strong profitability and cash generation.
At the time of this announcement, NAT was trading at $5.33 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $1.1B. The 52-week trading range was $2.55 to $6.34. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: GlobeNewswire.