Nordic American Tanker 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

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

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