NAT PRESS-RELEASE SEC Filing Analysis

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Executive Summary

Nordic American Tankers declared a $0.22 per share dividend for Q1 2026, its 115th consecutive quarterly payout. The company reported Q1 net income of $46.3 million, which exceeded its full-year 2025 net result, and noted that ~90% of its fleet is booked at ~$68,000/day in Q2, up from $47,600/day in Q1. The strong operational performance and dividend signal robust cash generation, but the press release is a routine dividend announcement with no material new financial disclosures beyond the quarterly results.

Actionable Insight

The dividend declaration and strong Q2 booking rates confirm robust cash generation, but the press release provides no guidance or consensus comparison. Monitor upcoming quarterly filings for fleet utilization trends and any changes in tanker rates, which are the primary drivers of NAT's earnings.

Key Facts

Dividend of $0.22 per share declared for Q1 2026, payable June 24, 2026 to holders of record June 10, 2026
115th consecutive quarterly cash dividend since listing in September 1996
Q1 2026 net result was $46.3 million, which beat the full 12-month net result for 2025
~90% of fleet booked at ~$68,000/day in Q2 2026, up from $47,600/day in Q1 2026
Operating costs below $10,000/day per ship
Fleet consists of 18 vessels as of March 31, 2026, with two newbuilds on order for delivery in 2028

Financial Impact

Dividend of $0.22 per share; Q1 net income of $46.3 million; Q2 fleet booking rate of ~$68,000/day vs Q1 $47,600/day

dividendnet incomefleet utilization

Risk Factors

Tanker rates are volatile and subject to global supply/demand dynamics; Q2 booking rates may not persist
Two newbuild vessels on order for 2028 delivery add future capital expenditure obligations
No explicit guidance or consensus comparison provided, limiting forward visibility

Market Snapshot

Exchange

NYSE

Sector

Water Transportation

Analyst Consensus

63% bullish (8 analysts)

Documents Analyzed

This report is based on 1 press release from GlobeNewswire.

Document	Accession Number
PRESS-RELEASE Data (Synthetic)	press-3302717

US Market Status

Market Closed — Opens Mon (33h 12m)

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