JOLTS Job Openings (Jun) 7.44M vs 7.5M Expected
HAMILTON, BERMUDA - DHT Holdings, Inc. (NYSE:DHT), a profitable crude oil tanker operator with a market capitalization of $1.79 billion and a strong financial health score according to InvestingPro, reported estimated time charter equivalent earnings of $46,300 per day for its fleet during the second quarter of 2025, according to a company press release issued Monday.
The crude oil tanker operator’s VLCCs operating in the spot market earned approximately $48,700 per day, while vessels on time charter generated $42,800 per day. The quarterly results were based on 2,003 revenue days, with 1,193 of those being spot market days. The company’s stock has delivered a 24.12% return year-to-date, while maintaining an attractive 5.35% dividend yield.
For the third quarter of 2025, DHT has already booked 53% of available spot days at an average rate of $40,100 per day on a discharge-to-discharge basis. When combining both spot and time-charter days, 73% of available revenue days have been secured at an average rate of $40,300 per day. With analysts maintaining a Strong Buy consensus and InvestingPro showing 8 additional key insights, investors can access comprehensive analysis through the Pro Research Report.
The company also disclosed that in May 2025, it entered into a one-year time charter contract for the DHT Bauhinia, a vessel built in 2007, with an unnamed global energy company. The contract, which began in late May, has a daily rate of $41,500.
DHT Holdings operates a fleet of crude oil tankers in the VLCC (Very Large Crude Carrier) segment through integrated management companies in Monaco, Norway, Singapore, and India.
In other recent news, DHT Holdings has announced the sale of two of its crude oil tankers, the DHT Lotus and the DHT Peony, for a total of $103 million. The vessels are set to be delivered to their new owner in April and July. After repaying existing debt of $15.9 million on these vessels, DHT Holdings expects to net approximately $85 million in cash proceeds. The company also anticipates recording gains of $17.5 million in the second quarter and $15.5 million in the third quarter from this transaction. These sales are part of DHT Holdings’ strategy to adjust its fleet profile to better align with customer needs and market trends. The vessels were initially acquired in 2017 as part of a larger purchase from BW Group. This move is in line with the company’s focus on maintaining a prudent capital structure and disciplined capital allocation strategy.
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