DHT Holdings reports estimated TCE earnings of $78,800 per day for Q1 2026, with significant bookings for Q2.
Quiver AI Summary
DHT Holdings, Inc. announced a business update on April 15, 2026, revealing estimated time charter equivalent (TCE) earnings of $78,800 per day for the first quarter of 2026. This includes $91,700 per day from VLCCs in the spot market and $61,300 per day from those on time charter. The company reported 1,994 revenue days, with 1,152 days in the spot market. For the second quarter, 49% of available spot days have been booked at an average rate of $189,500 per day. Overall, 71% of total revenue days have been booked at $115,400 per day. DHT, a global operator of crude oil tankers, emphasizes its commitment to operational excellence and prudent financial management. The press release also includes a caution regarding forward-looking statements and the uncertainties surrounding them.
Potential Positives
- The Company estimates a strong time charter equivalent (TCE) earnings of $78,800 per day for the first quarter of 2026, indicating robust revenue generation capabilities.
- For the first quarter, the estimated TCE earnings for VLCCs operating in the spot market reached $91,700 per day, which showcases strong market demand for the Company’s services.
- In the second quarter of 2026, approximately 49% of available spot days have been booked at a high average rate of $189,500 per day, reflecting positive market conditions and effective fleet management.
- Overall, 71% of available revenue days have been booked at an average rate of $115,400 per day, demonstrating effective utilization of the fleet and stable income prospects.
Potential Negatives
- Estimated TCE earnings for the first quarter of 2026 are lower than anticipated, particularly for VLCCs on time charter, which may indicate potential weaknesses in fleet management or market conditions.
- 49% of available spot days booked so far in the second quarter suggests reliance on spot market rates, which may expose the company to volatile market conditions moving forward.
- The disclaimer regarding forward-looking statements emphasizes the uncertainties and risks faced by the company, potentially undermining investor confidence in future performance.
FAQ
What are the estimated TCE earnings for DHT in Q1 2026?
The estimated TCE earnings for DHT in Q1 2026 are $78,800 per day.
How much are DHT's VLCCs earning in the spot market?
DHT's VLCCs operating in the spot market are earning approximately $91,700 per day.
What percentage of available spot days are booked in Q2 2026?
Approximately 49% of the available spot days have been booked in Q2 2026.
What is the average rate for booked revenue days in Q2 2026?
The average rate for booked revenue days in Q2 2026 is $115,400 per day.
Where can I find more information about DHT Holdings?
More information about DHT Holdings can be found on their website at www.dhtankers.com.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$DHT Hedge Fund Activity
We have seen 154 institutional investors add shares of $DHT stock to their portfolio, and 108 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- MAREX GROUP PLC added 1,066,552 shares (+5860.2%) to their portfolio in Q4 2025, for an estimated $13,022,599
- CITADEL ADVISORS LLC added 766,744 shares (+320.1%) to their portfolio in Q4 2025, for an estimated $9,361,944
- JACOBS LEVY EQUITY MANAGEMENT, INC added 731,103 shares (+inf%) to their portfolio in Q4 2025, for an estimated $8,926,767
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added 621,826 shares (+33.5%) to their portfolio in Q4 2025, for an estimated $7,592,495
- PUBLIC SECTOR PENSION INVESTMENT BOARD added 608,601 shares (+447.5%) to their portfolio in Q4 2025, for an estimated $7,431,018
- MACQUARIE GROUP LTD removed 584,540 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $7,137,233
- JANE STREET GROUP, LLC added 584,122 shares (+109.6%) to their portfolio in Q4 2025, for an estimated $7,132,129
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$DHT Analyst Ratings
Wall Street analysts have issued reports on $DHT in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- BTIG issued a "Buy" rating on 02/04/2026
- Evercore ISI Group issued a "Outperform" rating on 10/28/2025
To track analyst ratings and price targets for $DHT, check out Quiver Quantitative's $DHT forecast page.
$DHT Price Targets
Multiple analysts have issued price targets for $DHT recently. We have seen 3 analysts offer price targets for $DHT in the last 6 months, with a median target of $16.0.
Here are some recent targets:
- Gregory Lewis from BTIG set a target price of $18.0 on 02/04/2026
- Omar Nokta from Jefferies set a target price of $16.0 on 10/30/2025
- Jonathan Chappell from Evercore ISI Group set a target price of $15.0 on 10/28/2025
Full Release
HAMILTON, BERMUDA, April 15, 2026 – DHT Holdings, Inc. (NYSE:DHT) (“DHT” or the “Company”) today provided the following business update:
For the first quarter of 2026, the Company estimates time charter equivalent (“TCE”) earnings for its fleet at $78,800 per day, comprising $91,700 per day for the Company’s VLCCs operating in the spot market and $61,300 per day for the Company’s VLCCs on time charter. These estimated TCE earnings are based on 1,994 revenue days during the quarter, of which 1,152 days were spot days.
The estimated TCE earnings on a discharge-to-discharge basis for the Company’s VLCCs operating in the spot market, i.e. adjusted for the impact of IFRS 15 Revenue from Contracts with Customers , were $106,000 per day for the first quarter of 2026.
Thus far in the second quarter of 2026, approximately 49% of the available spot days have been booked at an average rate of $189,500 per day on a discharge-to-discharge basis. In total, 71% of the available revenue days, including both spot and time-charter days, have been booked at an average rate of $115,400 per day.
About DHT Holdings, Inc.
DHT is an independent crude oil tanker company. Our fleet trades internationally and consists of crude oil tankers in the VLCC segment. We operate through our integrated management companies in Monaco, Norway, Singapore, and India. You may recognize us by our renowned business approach as an experienced organization with focus on first rate operations and customer service; our quality ships; our prudent capital structure that promotes staying power through the business cycles; our fleet employment with a combination of market exposure and fixed income contracts; our disciplined capital allocation strategy through cash dividends, investments in vessels, debt prepayments and share buybacks; and our transparent corporate structure maintaining a high level of integrity and corporate governance. For further information please visit
www.dhtankers.com
.
Forward Looking Statements
This press release contains certain forward-looking statements and information relating to the Company that are based on beliefs of the Company’s management as well as assumptions, expectations, projections, intentions and beliefs about future events. When used in this document, words such as “believe,” “intend,” “anticipate,” “estimate,” “project,” “forecast,” “plan,” “potential,” “will,” “may,” “should” and “expect” and similar expressions are intended to identify forward-looking statements but are not the exclusive means of identifying such statements. These statements reflect the Company’s current views with respect to future events and are based on assumptions and subject to risks and uncertainties. Given these uncertainties, you should not place undue reliance on these forward-looking statements. These forward-looking statements represent the Company’s estimates and assumptions only as of the date of this press release and are not intended to give any assurance as to future results. For a detailed discussion of the risk factors that might cause future results to differ, please refer to the Company’s Annual Report on Form 20-F, filed with the SEC on March 19, 2026.
The Company undertakes no obligation to publicly update or revise any forward-looking statements contained in this press release, whether as a result of new information, future events or otherwise, except as required by law. In light of these risks, uncertainties and assumptions, the forward-looking events discussed in this press release might not occur, and the Company’s actual results could differ materially from those anticipated in these forward-looking statements.
Contact:
Laila C. Halvorsen, CFO
Phone: +1 441 295 1422 and +47 984 39 935
E-mail: [email protected]