NYSE:NATOil and Gas
Is Nordic American Tankers (NAT) Using Fixed-Rate Charters to Quietly Redefine Its Earnings Profile?
Nordic American Tankers recently reported its fourth-quarter 2025 results, posting net income of about US$11.7 million and earnings of US$0.06 per share, while also declaring its 114th consecutive quarterly dividend.
Alongside the earnings, the company locked in a one-year fixed contract with a major oil company at more than US$50,000 per day and continued renewing its fleet by adding newer tankers and ordering vessels for 2028 delivery.
We’ll now examine how the strong fixed-rate charter...