DHT Holdings reports strong Q3 earnings and high Q4 spot‑market bookings
DHT Holdings said its fleet earned a time‑charter equivalent $141,300 per day in Q3 2026, with VLCCs in the spot market generating $167,100 per day and time‑chartered vessels $114,200 per day. The company disclosed that about 50% of its Q4 spot‑market days are already booked at an average $509,100 per day, and roughly 78% of all Q4 revenue days are secured at $225,200 per day. The update lifted the stock to a new 52‑week high. Investors welcomed the higher booked rates as a boost to revenue visibility for the remainder of the year.
Why it matters
The higher booked spot rates give DHT greater revenue visibility for Q4, which may support the recent share price rally. The company’s guidance suggests earnings per day in Q4 could be substantially above the Q3 level, improving cash‑flow expectations.
Key facts
- 1Q3 fleet time‑charter equivalent earnings were $141,300 per day. tradingview.com
- 2VLCCs in the spot market earned $167,100 per day in Q3. tradingview.com
- 3Time‑chartered vessels earned $114,200 per day in Q3. tradingview.com
- 4Approximately 50% of Q4 spot‑market days were booked at $509,100 per day. tradingview.com
- 5About 78% of Q4 revenue days were secured at $225,200 per day. tradingview.com
- 6The stock rose 4.3% in pre‑market trading, reaching a 52‑week high of $26.22. financialcontent.com
Summary written by AlphAI AI Desk from 7 of 7 sources. Not investment advice. Figures are as stated by the linked sources.