DHT Holdings Third Quarter 2024 Earnings: Beats Expectations

DHT Holdings (NYSE:DHT) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$142.1m (up 8.0% from 3Q 2023).
• Net income: US$35.2m (up 14% from 3Q 2023).
• Profit margin: 25% (up from 23% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: US$0.22 (up from US$0.19 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

DHT Holdings Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) also surpassed analyst estimates by 20%.

Looking ahead, revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Oil and Gas industry in the US.

Performance of the American Oil and Gas industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with DHT Holdings.

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