Nordic American Tanker Q3 EBITDA misses estimates

Reuters
11/28
<a href="https://laohu8.com/S/NAT">Nordic American Tanker</a> Q3 EBITDA misses estimates

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.)

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