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home / news releases / DHT - DHT: Lot To Like About DHT If The Tanker Market Continues To Improve

DHT - DHT: Lot To Like About DHT If The Tanker Market Continues To Improve

DHT Holdings Inc.

2024-07-05 04:19:22 ET

Summary

  • DHT is renewing its fleet with 4 new VLCCs, that are expected to have superior economics compared to the current fleet.
  • Q1 2024 results showed a marginal increase in shipping revenues, adjusted EBITDA, and net income.
  • DHT has a healthy balance sheet with low financial leverage. Buybacks have been missing lately, but 100% of net income goes to shareholders via dividends.

Overview

DHT ( DHT ) is a tanker company that exclusively owns Very Large Crude Carriers ("VLCCs") and the fleet presently consists of 24 VLCCs , with the majority of those tankers operating in the spot market. I have covered DHT occasionally over the last few years and those articles can be found here . I last covered the stock in February of this year ....

For further details see:

DHT: Lot To Like About DHT If The Tanker Market Continues To Improve
Stock Information
Company Name: DHT Holdings Inc.
Stock Symbol: DHT
Market: NYSE
Website: dhtankers.com
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