DHT Holdings, Inc. Business Update

DHT Holdings (NYSE:DHT) issued a business update for 2026.

Rhea-AI Summary

DHT Holdings (NYSE:DHT) issued a business update for 2026. For the second quarter of 2026, the company estimates fleet-wide time charter equivalent (TCE) earnings of $126,700 per day, including $162,600 per day for VLCCs in the spot market and $90,800 per day for VLCCs on time charter, based on 2,012 revenue days, of which 1,007 were spot days.

For the third quarter of 2026 to date, about 48% of available spot days are booked at an average of $139,700 per day, and 74% of total available revenue days are booked at an average rate of $94,300 per day. In July, DHT entered a 3-year time charter at $75,000 per day for the VLCC DHT Jaguar, built in 2015, expected to commence in September 2026 with a global energy company.

Positive

• Q2 2026 estimated fleet TCE $126,700 per day on 2,012 revenue days
• Q2 2026 spot VLCC TCE $162,600 per day on 1,007 spot days
• Q3 2026 spot coverage 48% of available days at $139,700 per day
• Q3 2026 total coverage 74% of available revenue days at $94,300 per day
• DHT Jaguar charter 3-year VLCC time charter at $75,000 per day from September 2026

Negative

• Q3 2026 booked average TCE of $94,300 per day vs Q2 2026 estimated fleet TCE of $126,700 per day

News Explained

DHT Jaguar has a future three-year charter, while the operating figures are estimates and booked coverage rather than completed-period results.

The July 13, 2026 release gives estimated second-quarter operating rates and third-quarter booking levels; it also reports that DHT has entered a three-year charter for DHT Jaguar at $75,000 per day, expected to commence in September 2026. That agreement establishes a stated three-year charter term for one vessel once it commences, but the release describes the start as expected rather than completed.

The second-quarter fleet TCE estimate is $126,700 per day, comprising $162,600 per day for spot-market VLCCs and $90,800 per day for time-chartered VLCCs, based on 2,012 revenue days.

Thus far in the third quarter, approximately 48% of available spot days have been booked at $139,700 per day, while 74% of total available revenue days have been booked at $94,300 per day.

The specific milestone to monitor is the expected September 2026 commencement of the DHT Jaguar charter; the release does not provide a later filing or other completion confirmation.

Argus Jul 14 session 10 alerts

+5.03% close to close 0.1x rel. volume Open Argus

Details

Market move: DHT +5.03% in the Jul 14 session. 2Q26 charter-rate update

+3.0% Peak in 14 min

$2.86B Mkt Cap at Peak Alert

On Jul 14, the first trading day after this news, DHT closed 5.03% above the previous close. Argus tracked a peak move of +3.0% during that session. Our momentum scanner recorded 10 alerts for this stock that day.

Data tracked by StockTitan Argus for the Jul 14 session.

Key Figures

2Q26 fleet TCE: $126,700 per day 2Q26 spot TCE: $162,600 per day 2Q26 time-charter TCE: $90,800 per day +5 more

2Q26 fleet TCE

$126,700 per day

Estimated time charter equivalent earnings for entire fleet in 2Q26

2Q26 spot TCE

$162,600 per day

Estimated TCE for VLCCs operating in the spot market in 2Q26

2Q26 time-charter TCE

$90,800 per day

Estimated TCE for VLCCs on time charter in 2Q26

2Q26 revenue days

2,012 days

Total revenue days in the quarter, across fleet

2Q26 spot days

1,007 days

Portion of revenue days exposed to spot market in the quarter

3Q26 spot coverage

48% at $139,700 per day

Available spot days already booked thus far in 3Q26

3Q26 total coverage

74% at $94,300 per day

Available revenue days booked for 3Q26, spot and time charter

DHT Jaguar charter

3 years at $75,000 per day

New time charter starting September 2026 with global energy company

Historical Context

5 past events · Latest: Jun 29

5 events

1. Jun 29

   Fleet upgrade update

   24h Move

   -3.2%

   Announced VLCC upgrade plan and related charter management adjustments across the fleet.

2. Jun 22

   Annual meeting results

   24h Move

   +3.8%

   Reported 2026 shareholder meeting outcomes and auditor ratification vote results.

3. Jun 04

   Credit facility announcement

   24h Move

   -0.9%

   Entered new $250 million reducing revolving credit facility to enhance liquidity.

4. Jun 03

   Newbuilding order

   24h Move

   -0.9%

   Ordered new VLCC from Hanwha Ocean for delivery in August 2028.

5. May 05

   1Q26 earnings report

   24h Move

   -0.8%

   Released first quarter 2026 financial results and detailed report availability.

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

Key Terms

time charter equivalent, time charter, spot market

3 terms

time charter equivalent financial

"the Company estimates time charter equivalent (“TCE”) earnings for its fleet"

Time charter equivalent (TCE) converts the money a ship earns on specific trips into a single daily rate, so different voyages and contract types can be compared on the same scale. Think of it as translating various one-off jobs into a common “daily wage,” which matters to investors because it reveals how much a vessel or fleet is earning per day, helping assess operating profitability, cash flow and valuation across companies and market conditions.

time charter financial

"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.

spot market financial

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

The spot market is where assets—like stocks, commodities, or currencies—are exchanged for immediate delivery and payment at the current market price. It matters to investors because spot prices reflect real-time supply and demand, guide short-term trading decisions, and serve as the baseline for contracts and valuations; think of it as buying an item at the store right now instead of ordering it for later.

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

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HAMILTON, BERMUDA, July 13, 2026 – DHT Holdings, Inc. (NYSE:DHT) (“DHT” or the “Company”) today provides the following business update:

For the second quarter of 2026, the Company estimates time charter equivalent (“TCE”) earnings for its fleet at $126,700 per day, comprising $162,600 per day for the Company’s VLCCs operating in the spot market and $90,800 per day for the Company’s VLCCs on time charter. These estimated TCE earnings are based on 2,012 revenue days during the quarter, of which 1,007 days were spot days.

Thus far in the third quarter of 2026, approximately 48% of the available spot days have been booked at an average rate of $139,700 per day on a discharge-to-discharge basis. In total, 74% of the available revenue days, including both spot and time-charter days, have been booked at an average rate of $94,300 per day.   

In July, the Company entered into a 3-year time charter agreement at $75,000 per day for the VLCC DHT Jaguar, built in 2015. The contract is expected to commence in September 2026 and has been concluded with a global energy company.

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 integrated 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 TCE earnings did DHT (NYSE:DHT) estimate for Q2 2026?

DHT estimated Q2 2026 fleet-wide TCE earnings at $126,700 per day. According to DHT, this includes $162,600 per day for VLCCs in the spot market and $90,800 per day for VLCCs on time charter, across 2,012 revenue days.

What are DHT's Q2 2026 spot and time-charter VLCC rates?

For Q2 2026, DHT estimates spot VLCC TCE at $162,600 per day and time-charter VLCC TCE at $90,800 per day. According to DHT, these figures are part of the overall estimated fleet TCE of $126,700 per day for the quarter.

How much of DHT's Q3 2026 spot exposure is already booked and at what rate?

DHT reports that about 48% of available spot days for Q3 2026 are booked at an average rate of $139,700 per day. According to DHT, this booking level is calculated on a discharge-to-discharge basis for its VLCC spot operations.

What percentage of DHT's total Q3 2026 revenue days is fixed and at what average rate?

DHT states that 74% of available revenue days for Q3 2026, including both spot and time-charter days, are booked at an average rate of $94,300 per day. According to DHT, this reflects combined coverage for its VLCC fleet.

What are the terms of the new DHT Jaguar time charter announced in July 2026?

In July 2026, DHT entered a 3-year time charter for the VLCC DHT Jaguar at $75,000 per day. According to DHT, the 2015-built vessel’s contract is expected to commence in September 2026 with a global energy company.

How might DHT's July 2026 business update affect DHT (NYSE:DHT) investors?

The update highlights estimated Q2 2026 TCE of $126,700 per day and strong Q3 booking coverage. According to DHT, 74% of Q3 revenue days are fixed and DHT Jaguar has a 3-year charter, offering clearer near-term revenue visibility for shareholders.