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DHT Holdings, Inc. to announce first quarter 2024 results on Tuesday, May 14, 2024.
Newsfilter· 2024-05-03 10:54
HAMILTON, BERMUDA, May 3, 2024 - DHT Holdings, Inc. (NYSE:DHT) will release its first quarter 2024 results after market close on Tuesday, May 14, 2024. The Company will host a conference call and webcast, which will include a slide presentation, at 8:00 a.m. EDT/14:00 CEST on Wednesday, May 15, 2024, to discuss the results for the quarter. To access the conference call the participants are required to register in advance of the conference using this link:  https://register.vevent.com/register/BIa81801b4277c ...
DHT Holdings (DHT) to Report Q1 Results: Wall Street Expects Earnings Growth
Zacks Investment Research· 2024-04-24 15:08
Wall Street expects a year-over-year increase in earnings on higher revenues when DHT Holdings (DHT) reports results for the quarter ended March 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they miss, the stock may mo ...
3 Under $20 Stocks to Buy Now: Q2 Edition
InvestorPlace· 2024-04-19 16:15
With the major indices struggling for traction this past week, it may be an opportune moment to consider undervalued stocks under $20. Yes, going the bargain route has its risks, no doubt about it. But you can also potentially enjoy a significant upside.It may come down to shrewd positioning. Yes, the popular names will likely attract contrarian buying. Subsequently, the lack of the spotlight would lead to more corrections for those ideas that are less favored. However, so long as the fundamentals are posit ...
DHT Holdings, Inc. Business Update
Newsfilter· 2024-04-11 20:15
HAMILTON, BERMUDA, April 11, 2024 – DHT Holdings, Inc. (NYSE:DHT) ("DHT" or the "Company") today provides the following business update: For the first quarter of 2024, the Company estimates time charter equivalent earnings for its fleet at $50,900 per day, comprising of 54,000 per day for the Company's VLCCs operating in the spot market and $39,500 per day for the Company's VLCCs on time-charter. The estimated time charter equivalent earnings are based on 2,091 revenue days for the first quarter, of which 1 ...
We Have Increased Our Stake In DHT Holdings
Seeking Alpha· 2024-04-08 07:41
HeliRy Investment thesis It has been just over six months since we shared with our readers that we had started a position in DHT Holdings, Inc. (NYSE:DHT). It was the favorable supply/demand dynamics which are particularly taking place for the large crude oil tankers that caused us to take a keen interest in this sector. At that time, the total global fleet of VLCCs was 883 vessels with 100 of them being 20 years or older. Newbuildings on order were just 13 vessels, or 1.5% of the fleet. With the S&P 50 ...
DHT(DHT) - 2023 Q4 - Annual Report
2024-03-20 21:24
[Form 6-K Report of Foreign Private Issuer](index=1&type=section&id=Form%206-K%20Report%20of%20Foreign%20Private%20Issuer) This report details DHT Holdings, Inc.'s Form 6-K filing, including its content and authorization [Filing Information](index=1&type=section&id=Filing%20Information) DHT Holdings, Inc. filed this Form 6-K report for March 2024, confirming annual reports under Form 20-F - **Company Name**: DHT Holdings, Inc[1](index=1&type=chunk) - **Report Type**: Form 6-K for the month of March 2024[1](index=1&type=chunk) - **Annual Report Form**: The registrant files annual reports under Form 20-F[2](index=2&type=chunk) [Report Content and Exhibits](index=2&type=section&id=Report%20Content%20and%20Exhibits) The report primarily contains a press release announcing the availability of the 2023 Annual Report on Form 20-F - The primary content of this filing is a press release issued on March 20, 2024[3](index=3&type=chunk) - The press release announces the availability of the company's Annual Report on Form 20-F for the fiscal year ended December 31, 2023[3](index=3&type=chunk) - The press release is attached as Exhibit 99.1[3](index=3&type=chunk)[4](index=4&type=chunk) [Signatures](index=4&type=section&id=Signatures) The report was signed by Laila C. Halvorsen, CFO of DHT Holdings, Inc., on March 20, 2024 - The report was signed on behalf of the registrant, DHT Holdings, Inc[6](index=6&type=chunk) - **Signatory**: Laila C. Halvorsen, Chief Financial Officer[6](index=6&type=chunk) - **Date of Signature**: March 20, 2024[6](index=6&type=chunk)
DHT Holdings, Inc. has filed Form 20-F for 2023 with the US Securities and Exchange Commission
Newsfilter· 2024-03-20 21:15
HAMILTON, BERMUDA, March 20, 2024 – DHT Holdings, Inc. (NYSE:DHT) (the "Company") has filed its 2023 annual report on Form 20-F with the US Securities and Exchange Commission (the "SEC"). The report and the audited financial statements are available on DHT's website www.dhtankers.com and the below link. Shareholders may request a hard copy of the audited financial statements free of charge by sending an e-mail to info@dhtankers.com.   2023 Annual Report on Form 20-F About DHT Holdings, Inc.DHT is an indepen ...
DHT(DHT) - 2023 Q4 - Annual Report
2024-03-20 20:16
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, 2023 Commission file number: 001-32640 DHT HOLDINGS, INC. (Exact name of Registrant as specified in its charter) Not Applicable OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SEC ...
DHT Holdings: Best Balance Between PNAV, LTV, And Fleet Quality; Still Buy Rating
Seeking Alpha· 2024-03-13 04:42
HeliRy Note: I have covered DHT Holdings (NYSE:DHT) previously. In my previous article on DHT, I pointed out the company's strengths, such as its VLCC-only fleet, prudent capital structure, ample liquidity, and adequate margins. Since then, the VLCC market has become tighter due to Sovcom sanctions and the deepening Red Sea Crisis. This article discusses DHT's last report from February 07, 2024, and crude oil tanker market dynamics. Introduction Crude tankers remain one of my favorite investment themes for ...
DHT(DHT) - 2023 Q4 - Earnings Call Transcript
2024-02-07 15:42
Financial Data and Key Metrics Changes - The company reported a net income of $161.4 million for 2023, equating to $0.99 per share, marking the second-best year in its history [4] - For Q4 2023, revenues on a TCE basis were $94.5 million, with EBITDA of $73 million and net income of $35.3 million, or $0.22 per share [9] - Average TCE for 2023 was $47,500 per day, while Q4's average TCE was $42,800 per day [4][9] - Total liquidity at year-end was $268 million, with $75 million in cash and $193 million available under a revolving credit facility [3] Business Line Data and Key Metrics Changes - Vessels in the spot market earned $51,200 per day in 2023, while time-chartered vessels made $36,400 per day [4] - In Q4, spot market vessels earned $43,600 per day, and time-chartered vessels earned $39,600 per day, including profit sharing [9] Market Data and Key Metrics Changes - The average spot earnings from Q4 2022 to Q4 2023 were $53,700 per day, compared to the TD3c index average of $40,100 per day [12] - The outlook for Q1 2024 indicates an average rate of $55,900 per day booked to date [14] Company Strategy and Development Direction - The company aims to maintain a strong balance sheet with low leverage and significant liquidity, focusing on disciplined execution of its strategy [24] - The company plans to continue paying out 100% of ordinary net income as quarterly cash dividends, marking the 56th consecutive quarterly dividend [12] - The company is exploring opportunities for growth, including secondhand vessels and potential M&A [43] Management's Comments on Operating Environment and Future Outlook - Management noted that the aging fleet and limited new shipping capacity could lead to a tightening supply-demand balance in the coming years [19][24] - There is a belief that the demand for oil will persist, and the need for shipping will remain strong despite current market challenges [61] - Management expressed confidence in the company's ability to navigate cyclical and volatile markets due to its solid balance sheet and liquidity [24] Other Important Information - The company has a P&L breakeven rate estimated at $27,400 per day for 2024, with a cash breakeven rate of $18,500 per day [13] - The company has pre-paid all installments for 2024 under the Nordea credit facility, amounting to $23.7 million [11] Q&A Session Summary Question: How does the company view investments in the current market? - Management indicated that while they are exploring various investment opportunities, they believe it is essential to maintain a balance between growth and shareholder returns [43] Question: What is the company's preferred financial leverage ratio? - Management stated that they could comfortably increase leverage to around 30% without impairing dividend capacity, as current leverage is just shy of 20% [44] Question: How does the Red Sea situation impact VLCCs? - Management noted that the Red Sea issue has had a limited impact on VLCC business, but if it persists, it could increase transportation costs for smaller ships, making VLCCs more favorable [55] Question: What is the company's strategy regarding fleet acquisitions? - Management is considering various options, including secondhand vessels and new builds, but emphasized the importance of ensuring any investment is accretive to earnings per share [43][74]