DHT Holdings, Inc. Achieves Impressive Q2 2025 Earnings Update
Significant Business Update from DHT Holdings, Inc.
DHT Holdings, Inc. (NYSE:DHT) has recently provided an insightful business update that highlights its operational performance and strategic initiatives.
Quarterly Earnings Overview
In the second quarter, DHT estimates its fleet's time charter equivalent earnings at an impressive $46,300 per day. This figure is a reflection of $48,700 per day earned by the company’s Very Large Crude Carriers (VLCCs) operating in the spot market, alongside earnings of $42,800 per day for its VLCCs on time charter.
During this period, the company operated with a total of 2,003 revenue days, which included 1,193 spot days. The results showcase DHT's strength in managing its fleet amidst fluctuating market conditions.
Trends and Booking Insights
As we progress into the third quarter, around 53% of the available spot days have already been booked, achieving an average rate of $40,100 per day on a discharge-to-discharge basis. Furthermore, the company has successfully booked 73% of its total revenue days—both spot and time-charter days—at an improved average rate of $40,300 per day.
Strategic Contracts and Growth
In an ambitious move to enhance its operational capacity, DHT entered into a significant time charter agreement in May. This contract involves the DHT Bauhinia, a vessel from 2007, contracted with a global energy company at a rate of $41,500 per day. This agreement is a testament to DHT’s consistent efforts in aligning its operations with reputable partners.
About DHT Holdings, Inc.
DHT Holdings, Inc. operates as an independent crude oil tanker entity, specializing in international trade within the VLCC segment. The company prides itself on its integrated management structure, which includes operations across Monaco, Norway, Singapore, and India.
With a focus on delivering high-quality service, DHT maintains a solid reputation built on operational excellence and transparent corporate governance. The fleet's balanced approach ensures both market exposure and stable income contracts. Through strategic capital allocation—spanning dividends, vessel investments, debt prepayments, and share buybacks—DHT stands resilient in navigating the complexities of global oil transport.
Contact Information
For inquiries or further information regarding DHT Holdings, reach out to:
Laila C. Halvorsen, CFO
Phone: +1 441 295 1422 or +47 984 39 935
Email: lch@dhtankers.com
Frequently Asked Questions
What was DHT's estimated earnings for Q2 2025?
DHT estimated its fleet's time charter equivalent earnings at $46,300 per day for the second quarter of 2025.
How many revenue days did DHT operate during Q2 2025?
The company operated with a total of 2,003 revenue days, including 1,193 spot days.
What percentage of spot days are booked in Q3 2025 so far?
As of now, 53% of the available spot days have been booked, averaging $40,100 per day.
Who has DHT contracted for the DHT Bauhinia?
DHT has entered into a time charter agreement for the DHT Bauhinia with a global energy company at a rate of $41,500 per day.
How can I contact DHT for more information?
You can reach Laila C. Halvorsen, CFO, at +1 441 295 1422 or via email at lch@dhtankers.com.
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