DHT(DHT)

Search documents
DHT(DHT) - 2022 Q4 - Annual Report
2023-03-22 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 19 ...
DHT(DHT) - 2022 Q4 - Annual Report
2023-03-22 16:00
[Report of Foreign Private Issuer (Form 6-K)](index=1&type=section&id=Form%206-K%20Report%20of%20Foreign%20Private%20Issuer) [Filing Information](index=1&type=section&id=Filing%20Information) DHT Holdings, Inc., a foreign private issuer, filed this Form 6-K report for the month of March 2023, with annual reports filed under Form 20-F - **Company**: DHT Holdings, Inc.[1](index=1&type=chunk) - **Filing Type**: Form 6-K for March 2023[1](index=1&type=chunk) - The registrant files annual reports under Form 20-F[2](index=2&type=chunk) [Press Release and Exhibit](index=2&type=section&id=Press%20Release%20and%20Exhibit) The report includes a press release, filed as Exhibit 99.1, dated March 23, 2023, announcing the availability of the company's Annual Report on Form 20-F for the fiscal year ended December 31, 2022 - A press release issued on **March 23, 2023**, announces the availability of the Annual Report on Form 20-F for the fiscal year ended **December 31, 2022**[3](index=3&type=chunk) Exhibit Details | Exhibit | Description | | --- | --- | | 99.1 | Press Release dated March 23, 2023 | [Signatures](index=4&type=section&id=Signatures) The report was signed on March 23, 2023, by Laila C. Halvorsen, the Chief Financial Officer of DHT Holdings, Inc - The report is signed by **Laila C. Halvorsen**, Chief Financial Officer, on behalf of DHT Holdings, Inc.[6](index=6&type=chunk) - **Date of Signature**: March 23, 2023[6](index=6&type=chunk)
DHT(DHT) - 2022 Q4 - Earnings Call Transcript
2023-02-14 14:25
Financial Data and Key Metrics Changes - In Q4 2022, the average TCE (Time Charter Equivalent) was $56,900 per day, with vessels in the spot market earning $63,800 per day and those on time charter earning $36,100 per day [3] - The net income for the full year was $62 million, equating to $0.37 per share, while Q4 net income was $61.8 million, or $0.38 per share [3][11] - EBITDA for Q4 was reported at $95.4 million, with operating expenses (OpEx) for the year totaling $73.8 million, averaging $8,250 per day for the fleet [3][11] Business Line Data and Key Metrics Changes - The company expects a P&L breakeven for the fleet of approximately $27,200 per day for 2023, with cash breakeven estimated at $18,100 per day [7] - The company has completed 2 retrofits of exhaust gas cleaning systems and has plans for the remaining vessels, indicating a focus on environmental compliance and operational efficiency [16] Market Data and Key Metrics Changes - The reopening of China is expected to drive demand for crude oil, with significant import quotas suggesting increased refinery runs [8] - The VLCC (Very Large Crude Carrier) order book is at 2.2% of the sailing fleet, with a growing number of older vessels, indicating potential supply constraints in the future [17] Company Strategy and Development Direction - The company aims to maintain a strong balance sheet and has adopted a new dividend policy to distribute 100% of net income to shareholders, reflecting confidence in its financial stability [6][14] - The management emphasizes a disciplined approach to business execution, focusing on delivering reliable services and strong results for shareholders [38] Management's Comments on Operating Environment and Future Outlook - Management noted favorable market fundamentals and expects continued strong earnings from the tanker sector, driven by geopolitical disruptions and limited new supply of vessels [8] - The company anticipates that the current disruptions in the market will not resolve quickly, suggesting a prolonged period of favorable conditions for VLCCs [21] Other Important Information - The company ended the quarter with $126 million in cash and $234 million available under revolving credit facilities, indicating strong liquidity [31] - The company has a strategy to build fixed income gradually, responding to increasing demand for term contracts while ensuring the right conditions for investments [52] Q&A Session Summary Question: What is the company's leverage position and willingness to increase debt for investments? - The company has built a strong balance sheet to maintain investment capacity when the timing is right, focusing on organic growth without relying on external capital [39] Question: How does the company view its older vessels in the current market? - Management believes the older vessels are high-quality assets that continue to generate good earnings and are not candidates for divestment at this time [41] Question: What is the company's stance on fleet expansion and modernization? - The company is cautious about current asset prices and does not see an immediate need for expansion, preferring to wait for more favorable conditions [43] Question: How does the company perceive the shadow fleet and its implications? - Management acknowledges the existence of a shadow fleet and its potential impact on the market, emphasizing the need for regulatory oversight [63][64] Question: Will the company consider changing its dividend policy? - Any changes to the dividend policy would be contingent on significant strategic shifts or market conditions, with prior notice to shareholders [76]
DHT(DHT) - 2022 Q3 - Earnings Call Transcript
2022-11-08 16:57
DHT Holdings, Inc. (NYSE:DHT) Q3 2022 Results Conference Call November 8, 2022 8:00 AM ET Company Participants Laila Halvorsen - Chief Financial Officer Svein Moxnes Harfjeld - President & Chief Executive Officer Conference Call Participants Frode Morkedal - Clarksons Jonathan Chappell - Evercore ISI Macalla Rogers - Stifel Omar Nokta - Jefferies Chris Tsung - Webber Research Anders Karlsen - Kepler Cheuvreux Operator Good day, and thank you for standing by. Welcome to the Q3 2022 DHT Holdings Inc. Earnings ...
DHT(DHT) - 2022 Q1 - Earnings Call Transcript
2022-05-10 15:46
DHT Holdings, Inc. (NYSE:DHT) Q1 2022 Earnings Conference Call May 10, 2022 8:00 AM ET Company Participants Laila Halvorsen - CFO Svein Moxnes Harfjeld - President and CEO Conference Call Participants Jon Chappell - Evercore ISI Chris Robertson - Jefferies Frode Morkeda - Clarksons Securities Chris Tsung - Webber Research Operator Good day and thank you for standing by. Welcome to the DHT HoldingÂ's Q1 2022 Earnings Conference Call. At this time all participants are in a listen-only mode. After the speakers ...
DHT(DHT) - 2021 Q4 - Annual Report
2022-03-24 16:00
SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934 For the month of March 2022 Commission File Number 001-32640 DHT HOLDINGS, INC. (Exact name of Registrant as specified in its charter) Clarendon House 2 Church Street, Hamilton HM 11 Bermuda (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F ...
DHT(DHT) - 2021 Q4 - Annual Report
2022-03-24 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 19 ...
DHT(DHT) - 2021 Q4 - Earnings Call Transcript
2022-02-08 15:04
DHT Holdings, Inc. (NYSE:DHT) Q4 2021 Earnings Conference Call February 8, 2022 8:00 AM ET Company Participants Svein Moxnes Harfjeld – Co-Chief Executive Officer Trygve P. Munthe – Co-Chief Executive Officer Laila Halvorsen – Chief Financial Officer Conference Call Participants Randy Giveans – Jefferies Chris Tsung – Webber Research Omar Nokta – Clarksons Platou Magnus Fyhr – HC Wainwright Magnus Fyhr – H.C. Wainwright Jon Chappell – Evercore Robert Silvera – Silvera Climent Molins - Value Investor's Edge ...
DHT(DHT) - 2021 Q3 - Earnings Call Transcript
2021-11-03 18:42
DHT Holdings, Inc. (NYSE:DHT) Q3 2021 Results Conference Call November 3, 2021 9:00 AM ET Company Participants Svein Moxnes Harfjeld - Co-CEO Laila Halvorsen - CFO Wilhelm Flinder - Head, IR Conference Call Participants Randy Giveans - Jefferies Jon Chappell - Evercore ISI Omar Nokta - Clarksons Securities Magnus Fyhr - H.C. Wainwright Ben Nolan - Stifel Robert Silvera - Marine Surveyors Chris Tsung - Webber Research Good day and thank you for standing by. Welcome to the Third Quarter 2021 DHT Holdings Earn ...
DHT(DHT) - 2021 Q2 - Earnings Call Transcript
2021-08-10 15:15
DHT Holdings, Inc. (NYSE:DHT) Q2 2021 Results Conference Call August 10, 2021 8:00 AM ET Company Participants Trygve Munthe – Chief Executive Officer Laila Halvorsen – Chief Financial Officer Svein Harfjeld – Co-Chief Executive Officer Conference Call Participants Randall Givens – Jefferies Omar Nokta – Clarkson Securities Chris Tsung – Webber Research Jon Chappell – Evercore Ben Nolan – Stifel Ronald Silvera – Marine Surveyors Magnus Fyhr – Wainwright Operator [Indiscernable] and thank you for standing by. ...