Summary
DHT Holdings: The Cheapest VLCC Owner In A Booming Rate Market (Rating Downgrade)
DHT Holdings remains the cheapest US-listed VLCC pure play, offering significant upside despite extensive charter coverage below current market rates. DHT's charter strategy ensures stable base earnings but limits spot market upside, with 50% of its fleet chartered at rates up to $109k/day versus the current $120k/day market. Q2 results exceeded estimates with $1.23 EPS and a $1.22 dividend, while Q3 guidance suggests another strong quarter and a potential 20% annualized yield.
DHT Q2 Earnings Call Highlights
DHT NYSE: DHT reported its strongest quarter on record in the second quarter of 2026, as elevated tanker rates and commercial performance drove net income above the company's previous annual earnings record.
Strait of Hormuz Tensions Spike Tanker Trade: These 2 Stocks Are Set to Benefit
During the Iran war, the market's most reliable winners haven't been extractors or refiners. Instead, it's the companies that own the tankers setting the market pace, especially those operating Very Large Crude Carriers (VLCCs).
DHT Holdings Inc. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
 Curtis Ellergodt Rothschild Investment LLC | 574 | $8,040.01 | $11,520.18 | $3,480.17 | 43.29% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 14,451 | $212,591.85 | $283,673.13 | $71,081.28 | 33.44% |
| LN Louis Navellier NAVELLIER & ASSOCIATES Inc. | 215,222 | $3.74M | $4.32M | $581,099.4 | 15.54% |
 David Einhorn Greenlight Capital Re Ltd. | 3.78M | $38.07M | $70.19M | $32.12M | 84.36% |
| BG Bart Gancher Intech Investment Management LLC | 36,131 | $365,632.24 | $677,456.25 | $311,824.01 | 85.28% |
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DHT Holdings Inc. Profile
| Oil, Gas & Consumable Fuels Industry | Energy Sector | Svein Moxnes Harfjeld CEO | NYSE Exchange | Y2065G121 CUSIP |
| BM Country | 737 Employees | 17 Aug 2026 Last Dividend | 17 Jul 2012 Last Split | 13 Oct 2005 IPO Date |
Overview
DHT Holdings, Inc. is a distinguished company engaged in the ownership and operation of crude oil tankers, with its operations spread across Monaco, Singapore, and Norway. Incorporated in 2005 and having its headquarters in Hamilton, Bermuda, the company has established itself as a key player in the maritime transportation industry. As of March 15, 2024, DHT Holdings has considerably expanded its fleet to include 24 very large crude carriers (VLCCs), positioning itself as a significant entity in the global crude oil market.
Products and Services
- Crude Oil Tankers Operation
- Technical Management Services
At the core of DHT Holdings, Inc.'s services is the operation of a fleet of 24 very large crude carriers. These massive vessels are designed for the primary purpose of transporting crude oil across international waters. DHT Holdings ensures that these operations are conducted with the highest standards of safety, reliability, and efficiency, catering to the global demand for crude oil transportation.
Alongside its primary operation of crude oil tankers, DHT Holdings, Inc. also offers technical management services. These services are crucial for the maintenance of high operational standards, ensuring that each vessel's technical aspects are managed efficiently. This includes routine maintenance, repair, and compliance with international maritime safety and environmental regulations, further reinforcing the company's commitment to quality and safety in its operations.
