DHT - DHT: Good 2023 Results And Likely Continued Earnings Strength Going Forward
2024-02-18 09:09:31 ET
Summary
- DHT is a tanker company with a fleet of 24 VLCCs, 79% of the fleet is exposed to the spot market.
- The company had a strong 2023, generating $302.0M in adjusted EBITDA and $161.4M in net income.
- DHT has a clean balance sheet with low financial leverage, resulting in a healthy margin in the current environment.
Overview
DHT Holdings (DHT) is a U.S. listed tanker company with 24 very large crude carriers ("VLCCs"). 79% of the fleet is presently exposed to the spot market, while the remaining portion is on time charters, at relatively healthy levels....
DHT: Good 2023 Results And Likely Continued Earnings Strength Going Forward