DHT Holdings, Inc. Business Update

Fourth-quarter spot bookings average $509,100 per day, compared with estimated third-quarter spot earnings of $167,100 per day.

Rhea-AI Summary

DHT Holdings (DHT) estimates third-quarter 2026 fleet time charter equivalent earnings, a daily measure of shipping earnings, at $141,300 per day.

The estimated daily earnings comprise $167,100 for very large crude carriers operating in the spot market and $114,200 for those on time charter. The estimates cover 2,055 revenue days, including 1,054 spot days. Thus far in the fourth quarter, approximately 50% of available spot days have been booked at an average $509,100 per day on a discharge-to-discharge basis. DHT estimates approximately 78% of available revenue days, including spot and time-charter days, at an average $225,200 per day.

3 points · 0 major

PositiveiHow this balance works

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0 major · 0 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Moderate pointFourth-quarter spot bookings cover approximately 50% of available spot days at $509,100 per day, discharge-to-discharge.
• Moderate point. Forward-looking: it has not happened yet and may not happen.Fourth-quarter estimates cover approximately 78% of available revenue days at an average $225,200 per day.
• Moderate pointThird-quarter estimated fleet earnings are $141,300 per day: $167,100 for spot vessels and $114,200 for time-chartered vessels.

Negative

• None.

Key Figures

Fleet TCE earnings: $141,300 per day Spot-market VLCC TCE: $167,100 per day Time-charter VLCC TCE: $114,200 per day +4 more

Fleet TCE earnings

$141,300 per day

Q3 2026 estimate

Spot-market VLCC TCE

$167,100 per day

Q3 2026 estimate

Time-charter VLCC TCE

$114,200 per day

Q3 2026 estimate

Spot days booked

50%

Q4 2026 to date; available spot days

Spot-day average rate

$509,100 per day

Q4 2026 to date; discharge-to-discharge basis

Revenue days booked

78%

Q4 2026; available days including spot and time-charter days

Average rate on revenue days

$225,200 per day

Q4 2026; available days including spot and time-charter days

Historical Context

1 past event · Latest: Jul 13

1 event

1. Jul 13

   Business update

   24h Move

   +5.0%

   Reported Q2 fleet TCE earnings and Q3-to-date spot and total revenue-day booking rates.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

vlcc, time charter, discharge-to-discharge basis

3 terms

vlcc technical

"the Company’s VLCCs operating in the spot market"

A VLCC is a very large crude carrier — one of the biggest types of oil tankers used to move crude oil across oceans. Think of it as a giant delivery truck on water that carries millions of gallons of raw oil between producing regions and refineries; changes in how many VLCCs are available or how much it costs to operate them can affect shipping rates, oil supply flows and margins, and therefore the revenues and valuations of energy and shipping companies.

time charter technical

"the Company’s VLCCs on time charter"

A time charter is an agreement where a ship owner rents out their vessel to a customer for a set period, during which the customer has control over the ship’s use and operation. This arrangement matters to investors because it provides a steady income stream for the ship owner and indicates ongoing demand for shipping services, reflecting the health of global trade and transportation markets.

discharge-to-discharge basis technical

"at an average rate of $509,100 per day on a discharge-to-discharge basis"

A discharge-to-discharge basis is a way of counting or billing hospital care where each completed patient stay — from the moment a patient leaves the hospital (discharge) until the next discharge — is treated as the unit of measurement or payment. Think of it like paying per finished job rather than by the hour: it clarifies how many care episodes occurred, how services are priced, and how revenue and utilization are tracked, which affects earnings predictability and margin analysis.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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HAMILTON, BERMUDA, October 12, 2026 – DHT Holdings, Inc. (NYSE:DHT) (“DHT” or the “Company”) today provides the following business update:

For the third quarter of 2026, the Company estimates time charter equivalent (“TCE”) earnings for its fleet at $141,300 per day, comprising $167,100 per day for the Company’s VLCCs operating in the spot market and $114,200 per day for the Company’s VLCCs on time charter. These estimated TCE earnings are based on 2,055 revenue days during the quarter, of which 1,054 days were spot days.

Thus far in the fourth quarter of 2026, approximately 50% of the available spot days have been booked at an average rate of $509,100 per day on a discharge-to-discharge basis. In total, approximately 78% of the available revenue days, including both spot and time-charter days, is estimated at an average rate of $225,200 per day.

About DHT Holdings, Inc.
DHT is an independent crude oil tanker company. Our fleet trades internationally and consists of crude oil tankers in the VLCC segment. We operate through our wholly owned management companies in Monaco, Norway, Singapore, and India. You may recognize us by our renowned business approach as an experienced organization with focus on first rate operations and customer service; our quality ships; our prudent capital structure that promotes staying power through the business cycles; our fleet employment with a combination of market exposure and fixed income contracts; our disciplined capital allocation strategy through cash dividends, investments in vessels, debt prepayments and share buybacks; and our transparent corporate structure maintaining a high level of integrity and corporate governance. For further information please visit www.dhtankers.com.

Forward Looking Statements
This press release contains certain forward-looking statements and information relating to the Company that are based on beliefs of the Company’s management as well as assumptions, expectations, projections, intentions and beliefs about future events. When used in this document, words such as “believe,” “intend,” “anticipate,” “estimate,” “project,” “forecast,” “plan,” “potential,” “will,” “may,” “should” and “expect” and similar expressions are intended to identify forward-looking statements but are not the exclusive means of identifying such statements. These statements reflect the Company’s current views with respect to future events and are based on assumptions and subject to risks and uncertainties. Given these uncertainties, you should not place undue reliance on these forward-looking statements. These forward-looking statements represent the Company’s estimates and assumptions only as of the date of this press release and are not intended to give any assurance as to future results. For a detailed discussion of the risk factors that might cause future results to differ, please refer to the Company’s Annual Report on Form 20-F, filed with the SEC on March 19, 2026.

The Company undertakes no obligation to publicly update or revise any forward-looking statements contained in this press release, whether as a result of new information, future events or otherwise, except as required by law. In light of these risks, uncertainties and assumptions, the forward-looking events discussed in this press release might not occur, and the Company’s actual results could differ materially from those anticipated in these forward-looking statements.

Contact:
Laila C. Halvorsen, CFO
Phone: +1 441 295 1422 and +47 984 39 935
E-mail: lch@dhtankers.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What are DHT's estimated fleet earnings for the third quarter of 2026?

DHT estimates fleet time charter equivalent earnings at $141,300 per day for the third quarter of 2026. Estimated earnings are $167,100 per day for vessels operating in the spot market and $114,200 per day for vessels on time charter.

What spot rates has DHT booked for the fourth quarter of 2026?

DHT has booked approximately 50% of available fourth-quarter spot days at an average rate of $509,100 per day on a discharge-to-discharge basis. These bookings represent the quarter's progress thus far, rather than a completed-quarter earnings result.