Streetbeat News

DHT

DHT Holdings, Inc.

https://www.dhtankers.com

Industry

Oil & Gas Midstream

DHT Holdings, Inc., through its subsidiaries, owns and operates crude oil tankers primarily in Monaco, Singapore, and Norway. As of March 17, 2022, it had a fleet of 26 very large crude carriers with a capacity of 8,043,657 deadweight tons. The company was incorporated in 2005 and is headquartered in Hamilton, Bermuda.

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DHT Holdings (NYSE:DHT) announces a dividend payout of $0.22 per share with an 8.38% yield for shareholders on record by February 20, 2024. The company's dividend and earnings per share have decreased from 2020 to 2023, indicating potential financial strain and raising concerns about the sustainability of future dividends. Okeanis Eco Tankers (NYSE:ECO) has the highest annualized dividend yield in the industry at 17.34%.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 3:05 pm

DHT Holdings has signed agreements to construct four very large crude carriers (VLCCs), with expected delivery dates ranging from April to December 2026. This move indicates DHT Holdings' strategic expansion in the crude oil transportation sector and its long-term commitment to enhancing its fleet capacity.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 11:55 am

DHT Holdings (NYSE:DHT) announced a quarterly dividend of 22 cents per share, going ex-dividend on Tuesday. Shareholders owning the stock by end of Monday are eligible for the payout, which will be distributed on February 28, 2024.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 2:45 pm

DHT Holdings (NYSE:DHT) reported Q4 earnings with an EPS of $0.22, missing the estimated $0.23 by 4.35%. Revenue decreased by $22.22 million from the same period last year. The company's past earnings performance shows a pattern of missing EPS estimates, which previously led to a 6.59% drop in share price the day after Q3 2023 earnings were announced.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 9:25 pm

DHT Holdings reported Q4 earnings of $0.22 per share, missing the consensus estimate of $0.23, and adjusted net revenues of $94.52M, missing the $102.22M estimate. This represents a decrease from the previous year's earnings and sales.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 9:21 pm

Earnings reports for various companies are scheduled for February 6, 2024, with projections ranging from significant profits to losses across diverse sectors. Notable mentions include BP, UBS, Frontier Group Holdings, and Spotify Technology, among others, indicating a broad spectrum of financial health and market expectations.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 10:42 am

DHT Holdings (NYSE:DHT) is scheduled to release its quarterly earnings report on February 6, 2024, with analysts expecting an EPS of $0.23. Historical data shows that DHT's stock price is sensitive to earnings performance and guidance. Last quarter, DHT missed its EPS estimate by $0.01, leading to a 6.59% drop in its share price. Over the past year, DHT shares have increased by 16.96%, indicating a generally positive outlook from long-term shareholders.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 8:02 pm

DHT Holdings, Inc. (NYSE:DHT) provided a business update estimating its P&L break-even level at $27,500 per day for 2024. The cash break-even level has improved to $18,600 per day for the fleet and $13,800 for the spot market fleet. This was achieved by pre-paying the Nordea credit facility installments for 2024 using the ING revolving credit facility. DHT commits to paying 100% of net income in dividends and expects discretionary cash flow after dividends to be about $76 million for 2024, which can be used for fleet investments or corporate purposes. The CEO expressed a positive market outlook and a focus on rewarding shareholders, maintaining high governance standards, and executing a strategic market approach.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 9:17 pm

Benzinga Insights identifies value stocks in the energy sector with low P/E ratios, including GeoPark, Antero Resources, Callon Petroleum, DHT Holdings, and Frontline. The article provides recent earnings per share data and dividend yield changes for these companies, noting that while they may be undervalued, there is a risk that they may not rebound.

Portfolio Pulse from Benzinga Insights

January 11, 2024 | 2:39 pm

DHT Holdings, Inc. (NYSE:DHT) provided a business update for Q4 2023, estimating its fleet's time charter equivalent earnings at $42,800 per day. For Q1 2024, 50% of available VLCC spot days have been booked at $56,300 per day, with 61% of total available days booked at $48,900 per day.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 9:24 pm

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