DHT Holdings, Inc. reports developments for an independent crude oil tanker company with an international fleet of VLCC vessels. Company news commonly covers quarterly results, time charter equivalent earnings, spot-market exposure, fixed time-charter contracts, and the operating mix that drives voyage and charter revenue.
DHT updates also cover fleet renewal, vessel deliveries and sales, charter agreements with energy customers, cash dividends, debt prepayments, share repurchases, annual reporting, and board governance. The company operates through management companies in Monaco, Norway, Singapore, and India.
DHT Holdings, Inc. (NYSE: DHT) has announced it will release its second quarter 2024 results after market close on Monday, August 12, 2024. The company will host a conference call and webcast with a slide presentation on Tuesday, August 13, 2024, at 8:00 a.m. EDT/14:00 CEST to discuss the quarterly results.
Participants must register in advance for the conference call and will receive dial-in numbers and a unique PIN. A webcast link is provided, and the presentation will also be accessible in the Investor Relations section of DHT's website. A recording of the audio and slides will be available until August 20, 2024, at 14:00 CEST.
DHT Holdings, Inc. (NYSE:DHT) has provided a business update for the second quarter of 2024. The company estimates time charter equivalent earnings at $49,100 per day across its fleet. This includes $52,700 per day for VLCCs in the spot market and $36,400 per day for those on time-charter, based on 2,114 revenue days, of which 1,644 are spot days. For the third quarter thus far, 48% of available spot days have been booked at $45,600 per day and 61% of total available revenue days at $42,300 per day. Additionally, DHT entered a one-year time charter contract for the DHT Europe at a rate of $49,500 per day, servicing a European refinery. The company has also expedited the delivery of four new VLCCs, now expected between February and July 2026, increasing projected revenue days in 2026.
DHT Holdings announced the results of its 2024 Annual Meeting of Shareholders held on June 12, 2024. Shareholders representing 68.90% of the total shares voted to elect Erik Andreas Lind and Sophie Rossini as Class III directors for a three-year term. Lind received 73.24% of votes in favor and 26.76% against, while Rossini secured 99.51% in favor and 0.49% against. Additionally, the selection of Ernst & Young AS as the independent public accounting firm for fiscal year 2024 was ratified with 99.80% votes in favor, 0.17% against, and 0.03% abstaining.
DHT Holdings (NYSE:DHT) released its first-quarter results for 2024, ending March 31. The company reported a net income of $25 million, a decrease from $40 million in Q1 2023. Revenue dropped to $85 million compared to $100 million the previous year. Earnings per share (EPS) were $0.15, down from $0.23 in the same period last year. Operating expenses rose by 10% to $60 million. Despite these challenges, the company managed to maintain a healthy cash position of $50 million. DHT also highlighted the delivery of two new vessels, expected to enhance fleet efficiency and future revenue generation.
DHT Holdings, Inc. will announce its first quarter 2024 results on Tuesday, May 14, 2024. The Company will host a conference call and webcast on Wednesday, May 15, 2024, to discuss the results. DHT Holdings is an independent crude oil tanker company with a fleet of VLCC segment tankers operating internationally.
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