DHT Earnings Prediction
The chart below shows how DHT performed 10 days before and after its earnings report, based on data from the past quarters. Typically, DHT sees a -1.79% change in stock price 10 days leading up to the earnings, and a +4.76% change 10 days following the report. On the earnings day itself, the stock moves by -1.25%. This data can give you a slight idea of what to expect for the next quarter's release.
DHT Key Earning Data
2024/Q4
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DHT Earnings Analysis
DHT Holdings Inc Corporation (DHT.N) Earnings Conference Call
Positive
Strong Financial Liquidity: Total liquidity at the end of Q4 2024 was $258 million, consisting of $78 million in cash and $180 million available under revolving credit facilities, indicating strong financial health.
Strong Q4 Operational Performance: Revenues on a TCE basis for Q4 2024 reached $85.5 million, with EBITDA of $60.6 million, showcasing robust operational performance.
Annual Net Income Performance: Net income for the full year 2024 was $181.5 million, equating to $1.12 per share, reflecting a strong annual performance.
Consistent Cash Dividends: A cash dividend of $0.17 per share was declared for Q4 2024, marking the sixtieth consecutive quarterly cash dividend, demonstrating consistent shareholder returns.
Strong Market Positioning: The average combined TCE for Q4 2024 was $38,800 per day, with spot vessels under fifteen years achieving earnings of $40,500 per day, indicating strong market positioning.
Negative
Net Income Decline: Net income for Q4 2024 was reported at $26.8 million after adjusting for a non-cash reversal of prior impairment charges of $27.1 million, indicating a significant decline from the reported net income of $54.7 million before adjustments.
Increased Operating Expenses: Special operating expenses for 2024 totaled $78.6 million, which included a non-current insurance deductible, reflecting increased costs that could impact profitability.
Decline in TCE Rates: The average TCE for the spot vessels in Q4 2024 was $38,200 per day, which is lower than the previous quarter's average, indicating a decline in revenue-generating capacity.
Spot Rate Discrepancy: For the first quarter of 2025, the average rate for booked spot days is $36,400, which is significantly below the current spot market rate of $55,000 to $60,000, suggesting potential revenue shortfalls.
Cash Breakeven Analysis: The estimated difference between cash breakeven levels and projected earnings for 2025 is $7,000 per day, indicating a concerning gap that could affect financial stability.
DHT FAQs
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DHT Earning Call Sentiment
DHT Holdings, Inc. (NYSE:DHT) Q4 2024 Earnings Call Transcript
DHT.N
-3.58%Positive
The earnings call summary and Q&A indicate strong financial performance with a positive outlook. The company has a well-defined capital allocation policy, strong cash flow, and strategic fleet investments. The Q&A highlights management's confidence in the market, despite uncertainties around sanctions and the shadow fleet. The strong financial metrics, optimistic guidance, and shareholder returns suggest a positive sentiment. With a market cap of $1.9 billion, the stock is likely to react positively, leading to a 2% to 8% increase in stock price.
