Nordic American Tankers (NAT)

Search documents
Nordic American Tankers (NAT) - 2024 Q3 - Quarterly Report
2024-12-02 21:01
Exhibit 1.1 Nordic American Tankers Limited (NYSE: NAT) – Report as per September 30, 2024 – Prospects for our Suezmax tankers are good Friday, November 29, 2024 Highlights: The international profile of NAT is reflected in the fact that during the last five years our ships have loaded & discharged in 68 countries. Ninety day periods offer a short-term snapshot of a company. However, it is more constructive to view the longer-term picture. The direction of NAT is unquestionably upwards, and there is room for ...
Nordic American Tankers: Weak Results And Mediocre Near-Term Prospects - Hold
Seeking Alpha· 2024-11-29 16:22
I am mostly a trader engaging in both long and short bets intraday and occasionally over the short- to medium term. My historical focus has been mostly on tech stocks but over the past couple of years I have also started broad coverage of the offshore drilling and supply industry as well as the shipping industry in general (tankers, containers, drybulk). In addition, I am having a close eye on the still nascent fuel cell industry.I am located in Germany and have worked quite some time as an auditor for Pric ...
Nordic American Tankers (NAT) Lags Q3 Earnings and Revenue Estimates
ZACKS· 2024-11-29 14:26
分组1 - Nordic American Tankers reported quarterly earnings of $0.04 per share, missing the Zacks Consensus Estimate of $0.06 per share, representing an earnings surprise of -33.33% [1] - The company posted revenues of $52.04 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 4.41%, compared to year-ago revenues of $48.04 million [2] - The stock has underperformed, losing about 31.4% since the beginning of the year, while the S&P 500 gained 25.8% [3] 分组2 - The current consensus EPS estimate for the coming quarter is $0.05 on $69.79 million in revenues, and $0.28 on $250.9 million in revenues for the current fiscal year [7] - The Zacks Industry Rank for Transportation - Shipping is currently in the bottom 19% of over 250 Zacks industries, indicating potential challenges for the sector [8]
Nordic American Tankers Ltd (NYSE: NAT) – Report as per September 30, 2024 – Prospects for our Suezmax tankers are good
GlobeNewswire News Room· 2024-11-29 10:33
Core Viewpoint - The company, Nordic American Tankers (NAT), is experiencing upward growth and has potential for profitable expansion, as evidenced by its international operations and recent financial performance [1]. Financial Performance - In Q3 2024, NAT secured time-charter contracts with oil companies, generating approximately $125 million in net revenue, driven by a scarcity of suezmax ships [2]. - For the 92-day period ending September 30, 2024, NAT reported a net profit of $8.7 million, translating to earnings per share of $0.04, an increase from $7.5 million in the same quarter the previous year [4]. - The average time charter equivalent for NAT's fleet was $30,656 per day per ship, with daily operating costs around $9,000, indicating a solid profit margin [4]. - The company declared a dividend of $0.04 per share for Q3 2024, marking its 109th consecutive quarterly cash dividend [5]. Operational Strategy - NAT does not engage in the transportation of sanctioned oil via the "dark fleet" and avoids transiting the Suez Canal or trading in the Red Sea, positioning itself for potential positive impacts from upcoming regulatory changes [3]. - The company emphasizes environmental responsibility through careful voyage planning and speed adjustments to reduce emissions, maintaining high technical standards for its fleet [6]. Clientele and Market Position - The majority of NAT's business is conducted with major oil and energy companies, reflecting its strong market position and reliability in the industry [7].
Nordic American Tankers Ltd (NYSE: NAT) – Announces Results of its 2024 Annual General Meeting of Shareholders
GlobeNewswire News Room· 2024-11-25 13:54
Company Overview - Nordic American Tankers Limited (NYSE:NAT) held its Annual General Meeting of Shareholders on November 21, 2024, in Monaco [1][2] - The meeting approved the election of key personnel including Founder, Chairman & CEO Herbjorn Hansson, Alexander Hansson, and Jenny Chu as Directors of the Board [2] Financial and Market Outlook - The company expressed confidence in the current market conditions, stating that it is in a strong market and prospects are good [3]
Nordic American Tankers Ltd (NYSE: NAT) – Result from US presidential election has no impact on NAT
GlobeNewswire News Room· 2024-11-04 10:41
Monday, November 4, 2024 Dear Shareholders and Investors, We would note that we don’t expect there will be a noticeable immediate impact on Nordic American Tankers irrespective of who is the winner/looser in the upcoming presidential election. Sincerely, Herbjorn HanssonFounder, Chairman & CEO Nordic American Tankers Ltd. www.nat.bm CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS Matters discussed in this press release may constitute ...
Nordic American Tankers Ltd (NYSE: NAT) – 2024 Annual General Meeting of Shareholders (AGM)
GlobeNewswire News Room· 2024-09-23 10:51
Monday, September 23, 2024 Dear Shareholders and Investors, Please be informed that the date of the Annual General Meeting (AGM) in Nordic American Tankers Limited (NAT) has been set to November 21, 2024. The record date is September 16, 2024, for the determination of the NAT shareholders entitled to receive notice of and to vote at the AGM or any adjournment thereof. The Notice of the Meeting and the Proxy Statement will be available with the Securities and Exchange Commission (SEC) on a form 6-K post-mark ...
Nordic American Tankers Ltd (NYSE: NAT) – Shareholder/Investor conference Thursday September 12, 2024
GlobeNewswire News Room· 2024-09-11 09:49
Wednesday, September 11, 2024 Dear Shareholders and Investors, On September 2nd, 2024, we advised Shareholders and Investors that a Conference call would take place Thursday, September 12th. Conference Call timing: Date: Thursday September 12, 2024 Time: 8 AM US Eastern Standard Time (EST) / 2 PM Central European Time (CET) Webcast URL: To join via webcast click on the link below and follow the instructions: https://edge.media-server.com/mmc/p/ntj8raco Dial-In numbers: Dial in to the Conference using one of ...
Nordic American Tankers Q2: Good Quarter But Little Reason For Excitement, Hold
Seeking Alpha· 2024-09-02 23:52
A STORE D THING L TH 0 4 TIP H 4 Holly 4 17 l I Note: Press Releases | --- | --- | --- | --- | --- | --- | --- | |-------------------------------------------------|----------------------------------------------------------------|--------|--------|--------|--------|--------| | Nordic American Tankers - Key Financial Metrics | Q1/2023 \| Q2/2023 \| Q3/2023 \| Q4/2023 \| Q1/2024 \| Q2/2024 | | | | | | | Revenue | 87.1 | 67.8 | 48.0 | 59.3 | 60.6 | 66.1 | | Average Daily TCE Rate ($) | 51,902 | 39,300 | 31,235 ...
Nordic American Tankers Ltd (NYSE: NAT) – Investor Conference September 12, 2024
GlobeNewswire News Room· 2024-09-02 12:57
Monday, September 2, 2024 Dear Shareholders and Investors, Thursday September 12, 2024, we will host an Investor Conference Call with the main objective of providing an update on Nordic American Tankers Ltd, including prospects going forward. Time: 8 AM US Eastern Standard Time (EST) / 2 PM Central European Time (CET) Dial-in details to be provided later. Sincerely, Herbjorn Hansson Founder, Chairman & CEO Nordic American Tankers Ltd. www.nat.bm CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS Matt ...