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Nordic American Tankers Increases Dividend Despite Q2 2025 Loss, Maintains Strong Cash Position
ByAinvest
Friday, Aug 29, 2025 9:54 am ET1min read
Nordic American Tankers (NAT) declared a $0.10 per share dividend for Q2 2025, marking its 112th consecutive quarterly dividend. The company reported a TCE of $26,880 per day per ship and an adjusted EBITDA of $15.8 million, despite a net loss of $0.9 million. NAT's fleet consists of 20 Suezmax tankers, with a strong cash position of $86 million as of August 2025.
Nordic American Tankers Ltd. (NAT) announced its second quarter (Q2) 2025 results, highlighting a $0.10 per share dividend and a strong cash position. Despite a net loss of $0.9 million, NAT's adjusted EBITDA for the quarter was $15.8 million, driven by a time charter equivalent (TCE) of $26,880 per day per ship. The company's fleet consists of 20 well-maintained Suezmax tankers, with a cash position of $86 million as of August 2025.The dividend, payable on September 29, 2025, marks NAT's 112th consecutive quarterly cash dividend, demonstrating consistent financial health and a commitment to returning value to shareholders [1]. The company's fleet modernization efforts, including the acquisition of newer vessels and the retirement of older ones, have enhanced operational efficiency and secured higher charter rates with major oil companies [2].
NAT's optimism for future demand is supported by rising OPEC production and geopolitical tensions, which could boost demand for compliant tankers. The company's strategic debt management, with a debt-to-equity ratio of 0.69, positions it to capitalize on oil market recovery while mitigating cyclical risks.
Despite the net loss, NAT's strong cash position and fleet modernization efforts suggest a resilient and forward-looking strategy. The company's focus on quality over quantity, as evidenced by the vetting performance of its vessels by major oil companies, further underscores its commitment to sustainability and operational excellence.
References:
[1] https://www.quiverquant.com/news/Nordic+American+Tankers+Ltd+Reports+Q2+2025+Results+and+Confirms+112th+Consecutive+Dividend+Payment
[2] https://www.ainvest.com/news/nordic-american-tankers-navigating-oil-market-volatility-dividend-resilience-fleet-modernization-2508/
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