Nordic American Tankers
Owns and charters a Suezmax-only fleet for international crude-oil transportation.
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Profile
Owns and charters a homogeneous Suezmax fleet that carries crude oil across international markets. Revenue comes from spot voyages and shorter-term time charters, with dividend capacity tied to tanker rates, vessel operations, financing access, and fleet renewal needs.
Owns, operates, and charters Suezmax crude-oil tankers through a single operating segment: ocean transportation of crude oil in international markets. Service lines are spot voyage charters, shorter-term time charters, and Suezmax transportation capacity rather than branded products.
Keeps the fleet homogeneous and interchangeable, which the company links to maintenance, operating, and administrative efficiency. Customers are large international oil companies, oil traders, and independent oil companies across Western and Eastern markets.
Depends on spot tanker rates, charter demand, vessel location, vessel condition, financing access, and credit-facility limits. Dividend capacity and fleet renewal move with those operating and capital constraints.
Company facts
Categories
Key statistics
Year to date +101% · Average volume (30d) 3.2M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Apr 22, 2026 | Evercore ISI Group | Downgrade | In Line | Underperform | ||
| Oct 28, 2025 | Evercore ISI | Target | $4 | $3 | ||
| Sep 12, 2024 | Jefferies | Downgrade | Buy | Hold |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 27, 2026Q2 FY26 | $0.30 | $0.32 | +5.5% | $84.2M | $104.7M | +24.4% | +3.68% |
| May 28, 2026Q1 FY26 | $0.16 | $0.17 | +6.3% | $81.9M | $79.3M | −3.1% | +2.18% |
| Feb 26, 2026Q4 FY25 | $0.14 | $0.06 | −58.1% | $75.5M | $58.8M | −22.1% | +6.11% |
| Nov 28, 2025Q3 FY25 | $0.10 | −$0.01 | −110.0% | $70.3M | $75.0M | +6.6% | +0.27% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $64.8M | $66.7M | $75.0M | $85.9M | $106.5M | $104.7M | |
| Gross profit | $8.2M | $6.8M | $13.8M | $29.0M | $47.6M | $50.7M | |
| Operating income | $1.3M | $434.0K | $6.8M | $20.4M | $38.4M | $41.2M | |
| Net income | $4.2M | −$852.0K | −$2.8M | $11.7M | $46.3M | $68.3M | |
| Diluted EPS | $0.02 | −$0.00 | −$0.01 | $0.06 | $0.22 | $0.32 | |
| Gross margin | 12.7% | 10.2% | 18.4% | 33.8% | 44.7% | 48.5% | |
| Operating margin | 2.1% | 0.7% | 9.0% | 23.8% | 36.0% | 39.3% |
Fiscal years (4-quarter sums)FY21 $195.8M · FY22 $300.2M · FY23 $358.2M · FY24 $349.7M · FY25 $292.4M
Revenue by product · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $133.3M · Total debt $406.6M · Total assets $917.5M · Shareholders' equity $477.6M
Dividends
Last raised to $0.22 from $0.17 in Jun 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 10, 2026 | Jun 10 | Jun 24 | $0.22 | raised from $0.17 |
| Mar 10, 2026 | Mar 10 | Mar 24 | $0.17 | raised from $0.13 |
| Dec 8, 2025 | Dec 8 | Dec 22 | $0.13 | raised from $0.10 |
| Sep 12, 2025 | Sep 12 | Sep 29 | $0.10 | raised from $0.07 |
| Jun 12, 2025 | Jun 12 | Jun 26 | $0.07 | raised from $0.06 |
| Mar 10, 2025 | Mar 10 | Mar 24 | $0.06 | raised from $0.04 |
| Dec 17, 2024 | Dec 17 | Jan 16 | $0.04 | cut from $0.12 |
| Sep 26, 2024 | Sep 26 | Nov 26 | $0.12 |
Ownership
Shares outstanding 211.75M · Float 200.01M · 94.5% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 12.76M | 6.03% | 13F | Aug 7, 2026 |
| Dimensional Fund Advisors LP | 12.15M | 5.74% | 13F | Aug 11, 2026 |
| Ameriprise Financial Inc | 9.88M | 4.67% | 13F | Aug 14, 2026 |
| Morgan Stanley | 9.47M | 4.47% | 13F | Aug 13, 2026 |
| Goldman Sachs Group Inc | 9.04M | 4.27% | 13F | Aug 14, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
View detailsPeers
- Teekay Tankers
Direct Suezmax and Aframax/LR2 peer in crude spot markets
- Frontline
Large Suezmax/VLCC fleet with global crude charter overlap
- International Seaways
Crude and product tanker operator with a 13-vessel Suezmax fleet
- CMB.TECH (ADR)
Diversified maritime group with Euronav crude-tanker overlap
- Tsakos Energy Navigation
Diversified tanker operator with Suezmax and Aframax exposure
- Okeanis Eco Tankers (ADR)
Modern Suezmax/VLCC fleet focused on spot and short-term trading
- DHT
VLCC-only crude tanker peer in adjacent long-haul markets
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Nordic American Tankers | $6.79 | +0.17% | $1.43B | 11.6 | 17.5 | 3.9 | +56.9% |
| Teekay Tankers | $88.70 | +0.07% | $3.07B | 5.2 | 6.3 | 2.7 | +10.9% |
| Frontline | $44.22 | +0.12% | $9.84B | 6.6 | 9.1 | 3.6 | +56.9% |
| International Seaways | $100.00 | +1.19% | $4.89B | 6.3 | 10.8 | 3.9 | +121.9% |
| CMB.TECH (ADR) | $18.35 | +0.05% | $5.32B | 6.3 | 11.4 | 2.4 | +78.0% |
| Tsakos Energy Navigation | $42.52 | −0.12% | $1.28B | 6.9 | 6.1 | 1.5 | — |
| Okeanis Eco Tankers (ADR) | $67.05 | +0.32% | $2.19B | 6.2 | 6.1 | 3.6 | +185.4% |
| DHT | $19.77 | +0.56% | $3.17B | 6.7 | 6.9 | 4.4 | +98.7% |
| Median | 6.3 | 6.9 | 3.6 | +88.4% |