Nordic American Tankers Ltd. (NYSE: NAT) reported strong financial results for the second quarter of 2026, with net income of $45.2 million, or $0.43 per share, according to the company's earnings release on July 14, 2026. The results were driven by continued high demand for crude oil tanker services amid tight vessel supply.
The company's fleet utilization remained high at 98.5% during the quarter, and average time charter equivalent (TCE) rates reached $42,500 per day for its Suezmax vessels. NAT's CEO, Herbjorn Hansson, stated that the company is well-positioned to benefit from favorable market conditions.
NAT declared a quarterly dividend of $0.35 per share, payable on August 15, 2026, to shareholders of record as of July 28, 2026. The company also noted that it has no significant debt maturities until 2028.
