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Hamilton, Bermuda - May 5, 2026
DHT Holdings, Inc. (NYSE: DHT) ("DHT" or the "Company") today announced:
Financial Highlights
Quarterly Highlights:
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• Adjusted EBITDA for the first quarter of 2026 was $133.3 million. Net profit for the quarter was $164.5 million, equating to $1.02 per basic share. After adjusting for the $60.0 million gain on sale of DHT Europe and DHT China and the non-cash fair value gain related to interest rate derivatives of $1.1 million, the Company had ordinary net income for the quarter of $103.4 million, equating to $0.64 per basic share.
• In the fourth quarter of 2025, the Company entered into agreements to sell DHT Europe and DHT China, each built in 2007, for an aggregate consideration of $101.6 million. DHT Europe was delivered to its new owner on January 30, 2026, and DHT China was delivered on March 30, 2026. Following the repayment of existing debt associated with one of the vessels in the amount of $5.6 million, the Company received net cash proceeds of approximately $95.0 million. The Company recognized a gain of $60.0 million in the first quarter of 2026 in connection with the sales.
• In the first quarter of 2026, the Company took delivery of the first three vessels under its newbuilding program and paid $158.3 million in related installments. As of March 31, 2026, total payments under the program amounted to $444.2 million, with remaining expected installments of $77.5 million. The newbuilding program is partially funded through a $308.4 million post-delivery senior secured credit facility.
• During the first quarter of 2026, the Company developed fixed-rate coverage and near-term earnings visibility through a combination of new time charter contracts and a time charter extension for its VLCC fleet:
- DHT Redwood, built in 2011, secured a 1-year T/C at $105,000 per day, which commenced in March 2026.
- DHT Taiga, built in 2012, was fixed on a 1-year T/C at $94,000 per day, which commenced in March 2026.
- DHT Opal, built in 2012, entered into a 1-year T/C at $90,000 per day, which commenced in February 2026.
- DHT Harrier, built in 2016, extended its T/C agreement for five years with two optional extension periods for 1 year each, at $47,500 per day for the fixed five-year term, $49,000 for the first optional year, and $50,000 for the second optional year.
- DHT Gazelle, newbuilding delivered ex yard, into a five- to seven-year time charter contract, which commenced in March 2026.
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• For the first quarter of 2026, the Company declared a cash dividend of $0.64 per share of outstanding common stock, payable on May 28, 2026, to shareholders of record as of May 21, 2026. This marks the 65th consecutive quarterly cash dividend and is in line with the Company's capital allocation policy to pay out 100% of ordinary net income. The shares will trade ex-dividend from May 21, 2026
Full report
About DHT Holdings, Inc.
DHT is an independent crude oil tanker company. Our fleet trades internationally and consists of crude oil tankers in the VLCC segment. We operate through our wholly owned management companies in Monaco, Norway, Singapore, and India. You may recognize us by our renowned business approach as an experienced organization with focus on first rate operations and customer service; our quality ships; our prudent capital structure that promotes staying power through the business cycles; our fleet employment with a combination of market exposure and fixed income contracts; our disciplined capital allocation strategy through cash dividends, investments in vessels, debt prepayments and share buybacks; and our transparent corporate structure maintaining a high level of integrity and corporate governance. For further information please visit www.dhtankers.com.
DHT Holdings, Inc. press release
