DHT Holdings Reports Q1 TCE at $78,800, Q2 Spot Bookings 49% at $189,500
DHT Holdings estimated Q1 2026 TCE earnings at $78,800 per day across 1,994 revenue days, including VLCC spot rates of $91,700 and time charters at $61,300. In early Q2, it booked 49% of spot days at $189,500 discharge-to-discharge and 71% of total days at $115,400.
1. Q1 TCE Earnings and IFRS 15 Adjustment
DHT Holdings estimated first-quarter 2026 TCE earnings at an average of $78,800 per day based on 1,994 revenue days, of which 1,152 were spot. Spot voyages earned $91,700 per day and time charters $61,300 per day, while discharge-to-discharge TCE for spot was $106,000 per day under IFRS 15.
2. Q2 Booking Status and Outlook
As of early second-quarter 2026, the company has locked in 49% of available spot days at an average discharge-to-discharge rate of $189,500 per day, and 71% of total revenue days—including both spot and time-charter—at $115,400 per day, positioning cash flow visibility through the quarter.