Nordic American Tanker Q3 EBITDA misses estimates

Nordic American Tankers

28/11/2025 10:23

Overview

Nordic American Tanker Q3 adjusted EBITDA missed analyst expectations

Company reports net book loss of $2.8 mln for Q3 2025

Company enters preliminary agreement to build two new Suezmax tankers

Outlook

Company expects strong start to fourth quarter, aiding cash accumulation

NAT plans to expand fleet with two new Suezmax tankers by 2028

Strong oil demand expected to benefit NAT's operations

Result Drivers

STRONG DEMAND - Despite a slow third quarter, strong oil demand supported rates, providing room for cash accumulation

FLEET POSITION - Invalidation of grey/black fleet improves NAT's market position

NEW TANKERS AGREEMENT - Preliminary agreement to build two new Suezmax tankers for delivery in 2028

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Adjusted EBITDA
Miss
$21.40 mln
$30.08 mln (4 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the oil & gas transportation services peer group is "buy"

Wall Street's median 12-month price target for Nordic American Tankers Ltd is $3.45, about 9% below its November 26 closing price of $3.76

The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release: ID:nGNE8nH4Qd

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)