DHT Holdings, Inc. Announces Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2016
January 30, 2017 at 04:36 pm
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DHT Holdings, Inc. announced earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company reported adjusted EBITDA of $46.7 million against $59.6 million a year ago. Adjusted net revenue was $67.0 million against $80.0 million a year ago. Net income was $17.8 million against $32.4 million a year ago. Earnings per share – diluted were $0.18 against $0.31 a year ago. Interest bearing debt as of December 31, 2016 was $701.5 million against $662.5 million as of December 31, 2015.
For the year, the company reported adjusted EBITDA of $209.4 million against $214.8 million a year ago. Adjusted net revenue was $290.7 million against $296.3 million a year ago. Net income was $9.3 million against $105.4 million a year ago. Earnings per share – diluted were $0.10 against $1.04 a year ago.
DHT Holdings, Inc. is an independent crude oil tanker company. The Companyâs fleet trades internationally and consists of crude oil tankers in the very large crude carriers (VLCC) segment. The Company operates through its integrated management companies in Monaco, Norway, Singapore, and India. Its primary business is operating a fleet of crude oil tankers, with a secondary activity of providing technical management services. The Company is engaged in the ownership and operation of a fleet of crude oil carriers. The Company has about 23 vessels in operation, six vessels are on time charters and 17 vessels operating in the spot market. The fleet operates globally on international routes. The Companyâs fleets are comprised of DHT Appaloosa, DHT Mustang, DHT Bronco, DHT Colt, DHT Stallion, DHT Tiger, DHT Harrier, DHT Puma, DHT Panther, DHT Osprey, DHT Lion, DHT Leopard, DHT Jaguar, DHT Taiga, DHT Sundarbans, and DHT Scandinavia, among others.
DHT HOLDINGS, INC. 
