DHT HOLDINGS Reports 19.7% Revenue Increase for Third Quarter of FY2023

☀️Earnings Overview

For the third quarter of FY2023 ending September 30 2023, DHT HOLDINGS ($NYSE:DHT) reported total revenue of USD 131.6 million, a 19.7% increase from the corresponding period of the prior year. This resulted in net income of USD 30.8 million, a considerable jump from the USD 7.0 million reported in the same quarter of the previous year.

Analysis

GoodWhale performed an analysis of DHT HOLDINGS‘s wellbeing and found that, according to the Star Chart, the company is strong in dividend and growth and medium in asset and profitability. The company also scored an impressive 8/10 in its health score in terms of cashflows and debt, proving that it is capable of safely riding out any crisis without the risk of bankruptcy. Investors who may be interested in DHT HOLDINGS are those who are looking for a company with strong dividend and growth potential, as well as moderate asset and profitability. Additionally, investors looking for a company with a solid track record of financial health may be interested. Finally, investors who are looking for a company with moderate revenue or earnings growth may also find DHT HOLDINGS to be attractive. More…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Dht Holdings. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Dht Holdings. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Dht Holdings. More…

Key Ratios Snapshot

Some of the financial key ratios for Dht Holdings are shown below. More…

Peers

DHT Holdings, Inc. is an American crude tanker company. The company is headquartered in Hamilton, Bermuda, and has offices in the United States, Norway, and Singapore. DHT’s common shares trade on the New York Stock Exchange (NYSE) under the ticker symbol “DHT.” DHT’s competitors include International Seaways Inc, S-Oil Corp, and Euronav NV.

– International Seaways Inc ($NYSE:INSW)

As of 2022, International Seaways Inc has a market cap of 2.13B and a Return on Equity of 9.23%. The company is engaged in the ocean transportation of crude oil and petroleum products.

– S-Oil Corp ($KOSE:010950)

S-Oil Corp is a South Korean oil refining and marketing company with a market cap of 10.31T as of 2022. The company has a Return on Equity of 29.86%. S-Oil Corp is involved in the exploration, development, production, and marketing of crude oil and natural gas.

– Euronav NV ($NYSE:EURN)

Euronav NV is a Belgium-based seaborne transportation company engaged in the ocean transportation and storage of crude oil and petroleum products. The Company operates a modern fleet of Very Large Crude Carriers (VLCCs), which are double-hulled tankers used to transport crude oil and other petroleum products, and Ultra Large Crude Carriers (ULCCs), which are the largest tankers in the world. Euronav NV has a market cap of 3.72B as of 2022 and a Return on Equity of -1.25%. The company is engaged in the ocean transportation and storage of crude oil and petroleum products.

Summary

DHT HOLDINGS has been a very attractive investment opportunity over the past quarter. For the period ending September 30 2023, total revenue increased by 19.7% year-over-year to USD 131.6 million, while net income rose to USD 30.8 million, a huge jump from the previous year’s 7.0 million. The strong results indicate that DHT HOLDINGS is in a good position to generate lucrative returns for its investors in the future.