DHT Holdings Posts Q1 Net Income of $164.5 Million and EPS of $1.02
DHT Holdings reported first-quarter net income of $164.5 million, or $1.02 per share, and adjusted earnings of $1.01 per share. The independent oil tanker company generated $186.5 million in revenue, with adjusted revenue of $157.4 million.
1. First-Quarter Financial Performance
DHT Holdings reported net income of $164.5 million for the quarter ended March 31, translating to $1.02 in earnings per share.
2. Adjusted Earnings and Revenue
After excluding non-recurring gains, adjusted earnings per share were $1.01 and adjusted revenue amounted to $157.4 million, reflecting one-time items that reduced both topline and bottom-line figures.
3. Business Operations and Fleet
DHT’s fleet consists exclusively of Very Large Crude Carriers trading internationally, managed through wholly owned entities in Monaco, Norway, Singapore and India, with a mix of spot market exposure and fixed-rate contracts to underpin revenue stability.