NYSE$DHT
DHT Holdings Inc · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
DHT Holdings, Inc. reported strong fourth quarter 2024 results with significant net profit growth and strategic fleet management.
DHT Holdings, Inc. announced a net profit of $54.7 million for the fourth quarter of 2024, a substantial increase from $35.3 million in the same period last year. The company achieved average combined time charter equivalent earnings of $38,800 per day and strategically sold a VLCC, expecting a significant gain in the next quarter. Share repurchases and consistent dividend payments underscore a strong financial position.
- Net profit for Q4 2024 increased to $54.7 million ($0.34 per basic share) from $35.3 million ($0.22 per basic share) in Q4 2023.
- Average combined time charter equivalent earnings were $38,800 per day in Q4 2024.
- The company agreed to sell DHT Scandinavia, a 2006 built VLCC, for $43.4 million, expecting a gain of about $19.8 million in Q1 2025.
- DHT repurchased 1,481,383 of its own shares (0.9% of outstanding shares) at an average price of $8.89 in Q4 2024, and declared a cash dividend of $0.17 per share.
Headline financials
Revenue & EPS history
DHT Holdings · Revenue · Quarterly
$131M
Forward guidance
The company anticipates continued geopolitical volatility but expects constructive changes in trade flows for the VLCC sector, driven by a benign orderbook, aging fleet, and sanctions. They project strong demand for their quality fleet and services, with a significant portion of Q1 2025 VLCC spot days already booked at favorable rates.
Tailwinds
- Geopolitical volatility is expected to lead to constructive changes in trade flows for the VLCC sector.
- The market dynamics, including a benign orderbook and aging fleet, are shifting in favor of ship-owning companies.
- Strong demand for the company's quality fleet and services is anticipated.
- 74% of available VLCC spot days for Q1 2025 are booked at an average rate of $36,400 per day.
- 81% of available VLCC days (combined spot and time charter) for Q1 2025 are booked at an average rate of $38,300 per day.
Headwinds
- The month of January 2025 includes profit-sharing, while February and March assume only the base rate, which could imply lower earnings for those months.
- The company's outlook is based on estimates and subject to change as construction progresses for vessels under construction.
- The sale of DHT Scandinavia, while generating a gain, reduces the fleet size.
- The company is exposed to market, credit, and liquidity risks.
- No specific negative financial impacts were highlighted for the forward guidance period, but general market volatility remains a factor.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q4 2024
+0.2%
Avg return
Earnings day
+1.2%
Avg return
5 days after
-1.0%
Avg return
30 days after
46%
21 / 46 earnings
Positive
+15.2%
Q4 2022
Best reaction
-17.0%
Q3 2016
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.4% | +0.7% | +4.8% | |
| Q4 2026 | -0.8% | -2.0% | -12.9% | |
| Q3 2025 | +0.6% | -1.5% | -0.2% | |
| Q2 2025 | +1.5% | -2.4% | +8.1% | |
| Q1 2025 | -1.0% | -0.3% | +1.3% | |
| Q4 2024 | -2.5% | -6.2% | -8.9% | |
| Q3 2024 | +3.8% | +1.4% | -13.4% | |
| Q2 2024 | -1.6% | +3.9% | -2.7% | |
| Q1 2024 | +1.1% | +2.8% | -6.5% | |
| Q4 2023 | +4.8% | +5.2% | +5.6% | |
| Q3 2023 | -7.0% | -10.4% | -12.1% | |
| Q2 2023 | -0.8% | -2.4% | -11.4% | |
| Q1 2023 | -10.4% | -11.2% | -12.0% | |
| Q4 2022 | +15.2% | +23.9% | +27.7% | |
| Q3 2022 | +4.6% | +1.5% | -6.3% | |
| Q2 2022 | +3.1% | +6.9% | +13.0% | |
| Q1 2022 | -2.0% | -2.5% | +5.0% | |
| Q4 2021 | +9.4% | +14.1% | +15.7% | |
| Q3 2021 | -2.6% | -5.1% | -19.5% | |
| Q2 2021 | -0.7% | -1.5% | +7.3% | |
| Q1 2021 | -4.1% | -3.9% | +1.8% | |
| Q4 2020 | -0.3% | -0.3% | +2.3% | |
| Q3 2020 | +12.0% | +5.8% | +6.8% | |
| Q2 2020 | -0.3% | +8.2% | -6.6% | |
| Q1 2020 | -14.6% | -9.1% | -23.4% | |
| Q4 2019 | +0.0% | +1.2% | -9.0% | |
| Q3 2019 | -0.4% | +3.0% | +0.5% | |
| Q2 2019 | +2.8% | -0.6% | +8.3% | |
| Q1 2019 | +6.9% | +5.3% | +4.2% | |
| Q4 2018 | -6.4% | -2.7% | +7.7% | |
| Q3 2018 | +8.9% | +8.5% | -10.1% | |
| Q2 2018 | +2.1% | -1.4% | +1.6% | |
| Q1 2018 | +0.6% | +5.5% | +17.6% | |
| Q4 2017 | +5.6% | +6.8% | +5.9% | |
| Q3 2017 | -5.0% | -1.3% | -7.3% | |
| Q2 2017 | -7.4% | -3.2% | -3.5% | |
| Q1 2017 | +0.4% | -0.9% | -13.3% | |
| Q4 2016 | +9.8% | +15.0% | +15.7% | |
| Q3 2016 | -17.0% | -9.8% | -12.5% | |
| Q2 2016 | +5.5% | +5.5% | -7.4% | |
| Q1 2016 | -2.3% | — | — | |
| Q4 2015 | +1.4% | — | — | |
| Q3 2015 | -5.4% | — | — | |
| Q2 2015 | -0.2% | — | — | |
| Q1 2013 | +3.4% | — | — | |
| Q2 2010 | -0.2% | — | — |
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