Nordic American Tankers Stock Price, News & Analysis

Nordic American Tankers (NYSE: NAT) entered firm agreements to sell two Suezmax tankers (built 2004 and 2005) for a net price of $50 million total, with delivery to buyers expected in January 2026. Both vessels are debt free and the company expects to record a book profit of about $14 million on the sales, improving cash position.

The company has a preliminary agreement for two newbuildings at a South Korean shipyard, with delivery targeted in the second half of 2028 and a firm contract expected to be signed in January 2026. Management described prospects as good.

Nordic American Tankers (NYSE: NAT) reports a strong spot market for its suezmax vessels with multiple recent fixtures showing elevated Time Charter Equivalent (TCE) rates.

Reported fixtures include: 40+ day voyage at ~$52,000/day, ~33 days at ~$78,000/day, a 50-day voyage at ~$95,000/day, ~50 days at ~$37,000/day, and >30-day voyage at ~$65,000/day. Operating costs are stated at ~$9,000/day. The company notes renewed interest in Venezuela due to its oil reserves; the fleet has not called there for several years.

Nordic American Tankers (NYSE: NAT) reported results as of September 30, 2025, announcing a $0.13 dividend per share payable December 22, 2025, to holders of record December 8, 2025, and marking the 113th consecutive quarterly cash dividend.

Key operational metrics: fleet of 20 Suezmax tankers, average TCE $27,490/day, operating costs $9,000/day, adjusted EBITDA $21.4M, net book loss -$2.8M, and cash position above $70M. A preliminary agreement was signed to build two Suezmax tankers for delivery in H2 2028, with a firm contract expected early 2026.

Nordic American Tankers (NYSE:NAT) held its Annual General Meeting on November 21, 2025 with a very high turnout. All resolutions were approved, including the election of Herbjorn Hansson, Alexander Hansson, Jenny Chu and Jim Kelly to the board and the appointment of KPMG as independent auditors. Management stated market conditions are strong and prospects are good. Contact details for CFO Bjørn Giæver and Finance Manager Alexander Kihle were provided.

Nordic American Tankers (NYSE: NAT) announced a letter of intent to build two Suezmax tankers at a South Korean shipyard for USD 86 million each, with deliveries planned in the second half of 2028. The company expects to sign the final contract in early 2026. The LOI outlines the vessel type, price and delivery window but is not a final binding contract. The release includes a standard cautionary statement on forward-looking information and lists investor contacts for follow-up.

Nordic American Tankers (NYSE: NAT) announced that Founder, Chairman & CEO Herbjorn Hansson has purchased 150,000 shares at $3.11 per share, increasing his personal ownership to 5,100,000 shares. Combined with his family's holdings, they now own 10,250,000 shares, making them the largest private shareholder group in the company.

The company highlighted its consistent dividend payment track record of 113 consecutive quarters since its stock listing in 1995. Management expressed optimism about the company's future prospects, stating that "the path is unquestionably upwards."

Nordic American Tankers (NYSE: NAT) has announced its upcoming Annual General Meeting (AGM) scheduled for November 21, 2025. The record date for shareholder voting eligibility has been set for September 12, 2025.

The company will file the Notice of Meeting and Proxy Statement with the SEC via Form 6-K after market close on September 29, 2025. Shareholders of record will receive detailed information about the meeting and voting procedures.

Nordic American Tankers (NYSE: NAT) announced that Non-Executive Vice Chairman and Board member Alexander Hansson has purchased 100,000 shares at $3.27 per share, increasing his personal holdings to 5,150,000 shares.

Following this insider purchase, the Hansson family's total ownership has exceeded 10.1 million shares, establishing them as the largest private shareholder group in the company. This significant insider buying demonstrates strong confidence in NAT's future prospects from its leadership team.

Nordic American Tankers (NYSE: NAT) has announced the appointment of Mr. Thomas Boye as a new executive, expected to join the company in October 2025. Boye brings 20 years of experience from ABG Sundal Collier investment banking, including 10 years in London and 10 years in Oslo.

The company plans to enhance its investor relations efforts through a series of worldwide road shows to showcase NAT's business story to the investment community. This strategic move aims to raise the company's profile in global markets.