Nordic American Tankers reports Q2 loss of $852,000, revenue of $40.2 million

Nordic American Tankers reported a Q2 loss of $852,000, or less than 1 cent per share, on revenue of $40.2 million. The tanker company's results were lower than the same period last year.

Nordic American Tankers (NYSE: NAT), a global tanker company, reported a net loss of $852,000 for the second quarter of 2025, representing a decline from the $4.2 million net profit recorded in the first quarter. The company's net voyage revenue for the period stood at $40.15 million, marking a 5.8% year-over-year increase [1].

The average time charter equivalent (TCE) for the company's fleet during the second quarter was $26,880 per day per vessel, compared to $24,714 in the first quarter. This indicates a slight increase in daily rates for the company's vessels. However, the company's financial performance was negatively impacted by the current market conditions, with fourteen out of twenty vessels operating in the spot market [1].

Nordic American Tankers' results were influenced by the ongoing geopolitical tensions and market volatility, particularly in the Mideast Gulf region. The ceasefire in the region led to a significant cut in Very Large Crude Carrier (VLCC) freight rates, which halved compared to previous periods. Despite these challenges, the company's dividend policy remained generous, with the dividend payout expected to be 60% of the net profit [1].

Investors should closely monitor the company's performance in the coming quarters, as the market conditions and geopolitical risks continue to evolve. Nordic American Tankers' ability to navigate these challenges and maintain its financial health will be critical for its future prospects.

References:
[1] https://seekingalpha.com/news/4489989-nordic-american-tankers-reports-q2-results