Nordic American Tankers Reports <a href="https://laohu8.com/S/QTWO">Q2</a> 2025 Net Loss of $0.9M, Dividend Set at $0.10/Share
Nordic American Tankers Limited $(NAT)$ has reported its financial results for the second quarter ending June 30, 2025. The company declared a dividend of $0.10 per share, marking its 112th consecutive quarterly cash dividend, which will be payable on September 29, 2025, to shareholders on record as of September 12, 2025. The company recorded an adjusted EBITDA of $15.8 million for the quarter. However, due to several vessels being in scheduled dry dock, there were one-time effects that reduced available trading days and income, resulting in a net loss of $0.9 million for the quarter. The average time charter equivalent (TCE) for the NAT time charter and spot fleet was $26,880 per day per ship. The fleet saw changes with the addition of the 2016-built "Nordic Galaxy" and "Nordic Moon" and the sale of the 2004-built "Nordic Castor." As of the latter part of the year, the NAT fleet comprises 20 suezmax tankers. Looking forward, NAT remains optimistic about its tankers, citing strong demand for oil and potential geo-political developments that could increase oil volumes available for its fleet. The company's cash position as of August 28, 2025, was $86 million.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Nordic American Tankers Limited published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW1001125081-en) on August 28, 2025, and is solely responsible for the information contained therein.
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