Traders should view this as a strong leading indicator of robust Q1 earnings and superior Q2 revenue visibility. The sharp increase in spot rates—nearly double Q1 levels—suggests meaningful EPS upside potential, especially as DHT maintains market exposure through spot vessels. Monitor full financials for confirmation and any changes in fleet utilization or cost structure.
Price Chart
Executive Summary
DHT Holdings reported strong first-quarter 2026 estimated TCE earnings of $78,800 per day, driven by a spot fleet average of $106,000 per day (discharge-to-discharge). Second-quarter booking momentum continues with 49% of spot days secured at $189,500 per day, signaling sustained rate strength in the VLCC tanker market.
Key Financial Metrics
Key Facts
- Q1 2026 estimated TCE earnings: $78,800 per day
- VLCC spot fleet TCE: $91,700 per day, or $106,000 per day on a discharge-to-discharge basis
- 71% of Q2 2026 revenue days booked at $115,400 per day average
- 49% of Q2 spot days booked at $189,500 per day on discharge-to-discharge basis
- 1,994 total revenue days in Q1, with 1,152 from spot operations
Financial Impact
Q1 TCE of $78,800/day significantly above prior-year levels; Q2 forward bookings at $189,500/day on spot suggest accelerating revenue potential
Risk Factors
- Forward-looking estimates are subject to change based on actual voyage settlements and IFRS 15 adjustments
- VLCC rates are cyclical and current high spot rates may not persist through full Q2
- Geopolitical or demand shocks could disrupt tanker rate momentum
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3274269 |
Track record builds as more directional reports settle.
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| Type | Now | ||||
|---|---|---|---|---|---|
Sep 15, 2026 16d ago | 144 | $23.04 $21.28 | ▼ −7.64% | ▼ −10.20% | $23.68 (+2.78%) |
Aug 21, 2026 6w ago | Insider Cluster | $19.82 $19.66 | ▼ −0.81% | ▼ −1.28% | $23.68 (+19.48%) |
Jul 27, 2026 9w ago | 6-K | $18.29 $18.57 | ▲ +1.53% | ▲ +0.46% | $23.68 (+29.47%) |
Jul 14, 2026 11w ago | 6-K | $18.18 $17.89 | ▼ −1.60% | ▼ −0.30% | $23.68 (+30.25%) |
Jun 29, 2026 13w ago | 6-K | $16.53 $17.15 | ▲ +3.75% | ▲ +3.15% | $23.68 (+43.25%) |
Jun 4, 2026 17w ago | Press Release | $16.24 $16.65 | ▲ +2.52% | ▲ +5.08% | $23.68 (+45.81%) |
May 5, 2026 21w ago | 6-K | $18.94 $18.72 | ▼ −1.16% | ▼ −2.29% | $23.68 (+25.03%) |
May 5, 2026 21w ago | 6-K | $19.10 $18.72 | ▼ −1.99% | ▼ −3.97% | $23.68 (+23.98%) |
Apr 21, 2026 23w ago | Press Release | $17.74 $18.22 | ▲ +2.71% | ▲ +2.65% | $23.68 (+33.48%) |
Apr 15, 2026 24w ago | Press Release | $17.66 $17.74 | ▲ +0.45% | ▼ −1.19% | $23.68 (+34.09%) |
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