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NATL lost $2.8M in Q3 2025 but paid its 113th straight dividend, plans two new tankers for 2028.
Nordic American Tankers Ltd. reported a $2.8 million net loss for the third quarter of 2025, or 1 cent per share, despite generating $45.7 million in revenue.
The company announced a $0.13 per share dividend, its 113th consecutive quarterly payout, set for December 22, 2025.
It maintained a cash position over $70 million, with adjusted EBITDA of $21.4 million, driven by a strong average time charter equivalent of $27,490 per day.
The tanker market remains stable due to sustained oil demand and reduced older vessel supply.
The company plans to order two new Suezmax tankers from a South Korean shipyard, with delivery expected in late 2028.
NATL perdió $ 2.8 millones en el tercer trimestre de 2025, pero pagó su 113o dividendo consecutivo, planea dos nuevos petroleros para 2028.