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Nordic American Tankers Q3 2023 Earnings Report

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$3.30 -0.02 (-0.45%)
Closing price 03:59 PM Eastern
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$3.30 +0.00 (+0.15%)
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Nordic American Tankers EPS Results

Actual EPS
$0.04
Consensus EPS
$0.07
Beat/Miss
Missed by -$0.03
One Year Ago EPS
N/A

Nordic American Tankers Revenue Results

Actual Revenue
$48.04 million
Expected Revenue
$53.04 million
Beat/Miss
Missed by -$5.00 million
YoY Revenue Growth
N/A

Nordic American Tankers Announcement Details

Quarter
Q3 2023
Time
N/A
Conference Call Date
Wednesday, November 29, 2023
Conference Call Time
7:00AM ET

Upcoming Earnings

Nordic American Tankers' Q3 2025 earnings is scheduled for Friday, December 5, 2025, with a conference call scheduled on Friday, November 28, 2025 at 4:00 PM ET. Check back for transcripts, audio, and key financial metrics as they become available.

Earnings Documents

Nordic American Tankers Earnings Headlines

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About Nordic American Tankers

Nordic American Tankers (NYSE:NAT) is a Bermuda-based shipping company specializing in the ownership and operation of Suezmax crude oil tankers. The company’s fleet is employed on the spot and period charter markets, transporting crude oil across major global trade routes. By focusing on commercially flexible employment strategies, Nordic American Tankers seeks to optimize vessel utilization and generate stable income for shareholders.

Founded in 1995 and headquartered in Hamilton, Bermuda, Nordic American Tankers maintains technical and commercial management arrangements through established ship-management partners. Its vessels typically trade in the Atlantic Basin, Mediterranean and Black Sea regions, while also serving long‐haul routes to Asian and North American ports. The company’s external management model allows it to leverage maritime expertise without maintaining an in-house crew, keeping overhead costs aligned with industry best practices.

Governance is overseen by a board of directors chaired by Gardar S. Tangen, with executive management based in offices across Europe. Through disciplined capital allocation and a conservative balance sheet approach, Nordic American Tankers has pursued a dividend policy that reflects its operational cash flow. The company’s focus on modern Suezmax tonnage and flexible charter arrangements positions it to respond to evolving demand patterns in the global crude oil transportation market.

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