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    Nordic American Tankers Limited (NAT)

    Official site

    ENERGY • OIL & GAS MIDSTREAM • NYSE

    $7.82
    -0.39 (-4.81%)

    Market Cap: $1.74B

    Last updated: Oct 16, 2026 at 1:55 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    38%(15/39)
    Avg Surprise
    -13.38%
    Streak
    2 Q

    Upcoming Estimates

    Period ending Sep 30, 2026
    EPS Consensus$0.10
    Range$0.10 - $0.10
    1 analysts
    EPS RevisionsNo revisions (7d)
    0
    1
    30d
    EPS Estimate DriftChange to current
    90d ago$0.11-9.1%
    60d ago$0.04+150.0%
    30d ago$0.11-9.1%
    7d ago$0.11-9.1%
    Current$0.10
    Revenue Consensus
    $69M
    Range$69M - $69M
    1 analysts
    Period ending Dec 31, 2026
    EPS Consensus$0.22
    Range$0.22 - $0.22
    1 analysts
    Revenue Consensus
    $73M
    Range$73M - $73M
    1 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    -$0.22---
    Sep 26EST
    -$0.10---
    Jun 26
    Reported Aug 27
    $0.24$0.23+4.35%Beat+700.0%
    Mar 26
    Reported May 28
    $0.17$0.16+6.25%Beat+950.0%
    Dec 25
    Reported Feb 26
    $0.06$0.09-33.33%Miss+500.0%
    Sep 25
    Reported Nov 28
    $-0.01N/A-133.33%Miss-125.0%
    Jun 25
    Reported Aug 28
    $-0.04$0.05-180.00%Miss-140.0%
    Mar 25
    Reported May 29
    $-0.02$-0.01-100.00%Miss-128.6%
    Dec 24
    Reported Mar 5
    $0.01N/A-75.00%Miss-87.5%
    Sep 24
    Reported Nov 29
    $0.04$0.06-33.33%Miss+0.0%
    Jun 24
    Reported Aug 29
    $0.10$0.08+25.00%Beat-23.1%
    Mar 24
    Reported May 29
    $0.07$0.11-36.36%Miss-68.2%
    Dec 23
    Reported Feb 29
    $0.08$0.13-38.46%Miss-46.7%
    Sep 23
    Reported Nov 29
    $0.04$0.05-20.00%Miss-20.0%
    Jun 23
    Reported Aug 28
    $0.13$0.14-7.14%Miss+750.0%
    Mar 23
    Reported May 22
    $0.22$0.20+10.00%Beat+257.1%
    Dec 22
    Reported Feb 27
    $0.15$0.20-25.00%Miss+225.0%
    Sep 22
    Reported Nov 30
    $0.05$0.04+25.00%Beat+122.7%
    Jun 22
    Reported Aug 30
    $-0.02$-0.03+33.33%Beat+88.9%
    Mar 22
    Reported May 31
    $-0.14$-0.11-27.27%Miss+12.5%
    Dec 21
    Reported Feb 25
    $-0.12$-0.12+0.00%Beat+36.8%
    Sep 21
    Reported Nov 24
    $-0.22$-0.17-29.41%Miss-214.3%
    Jun 21
    Reported Aug 30
    $-0.18$-0.17-5.88%Miss-154.5%
    Mar 21
    Reported May 26
    $-0.16$-0.18+11.11%Beat-159.3%
    Dec 20
    Reported Feb 26
    $-0.19$-0.16-18.75%Miss-311.1%
    Sep 20
    Reported Nov 17
    $-0.07$-0.04-75.00%Miss+30.0%
    Jun 20
    Reported Aug 17
    $0.33$0.28+17.86%Beat+400.0%
    Mar 20
    Reported Apr 16
    $0.27$0.26+3.85%Beat+575.0%
    Dec 19
    Reported Feb 18
    $0.09N/A-55.00%Miss+280.0%
    Sep 19
    Reported Nov 25
    $-0.10$-0.08-25.00%Miss+41.2%
    Jun 19
    Reported Aug 16
    $-0.11$-0.13+15.38%Beat+31.3%
    Mar 19
    Reported Apr 16
    $0.04$-0.01+500.00%Beat+130.8%
    Dec 18
    Reported Feb 18
    $-0.05$-0.09+44.44%Beat+75.0%
    Sep 18
    Reported Nov 12
    $-0.17$-0.12-41.67%Miss+50.0%
    Jun 18
    Reported Aug 14
    $-0.16$-0.14-14.29%Miss+0.0%
    Mar 18
    Reported May 16
    $-0.13$-0.19+31.58%Beat-333.3%
    Dec 17
    Reported Feb 12
    $-0.20$-0.18-11.11%Miss-900.0%
    Sep 17
    Reported Dec 18
    $-0.34$-0.24-41.67%Miss-
    Jun 17
    Reported Aug 22
    $-0.16$-0.13-23.08%Miss-
    Mar 17
    Reported May 8
    $-0.03$0.02-250.00%Miss-
    Dec 16
    Reported Feb 6
    $-0.02$-0.04+50.00%Beat-

    Dividends

    Dividend Metrics

    Forward Yield13.82%
    Forward Annual Dividend$1.08
    Payout Ratio141.92%
    FrequencyQuarterly
    Pay MonthsMar, Jun, Sep, Dec

    Growth

    3Y CAGR+48.47%
    5Y CAGR+26.76%

    Key Metrics

    Valuation
    P/E Ratio16.99EV/EBITDA10.72x
    Price/FCFN/AFCF YieldN/A
    Profitability
    Profit Margin33.30%Operating Margin51.90%
    ROE25.70%ROIC11.04%
    Financial Health
    Debt/Equity0.85xInterest Coverage3.46x
    Current Ratio3.27xQuick Ratio2.78x
    Trading Statistics
    Beta-0.52Avg Volume5.59M
    52-Week High$8.8852-Week Low$2.88

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$8.39
    SMA 20$8.13
    SMA 50$7.33
    SMA 200$5.63
    EMA 10$8.28
    EMA 20$8.09
    EMA 50$7.47
    EMA 200$5.82

    MACD

    Line: 0.29Signal: 0.35Hist: -0.06

    ADX

    ADX: 26.9+DI: 20.6-DI: 25.2

    Aroon & PSAR

    Aroon Up92.0
    Aroon DownN/A
    PSAR$8.88

    Bollinger Bands

    Upper Band$8.86
    Lower Band$7.40
    %B Position1800%(Upper)
    Band Width0.28

    RSI (14-Day)

    Neutral
    47.6

    Momentum Oscillators

    Stoch %K54.1
    Stoch %D75.3
    Williams %R-83.9
    ROC (10d)-4.3%
    Momentum-0.35
    CCI (20d)-50.5
    MFI (14d)71.7

    Volatility Measures

    ATR (14d)$0.38(4.9%)
    StdDev (20d)0.37
    Hist Vol46.7%(High)

    Volume Flow

    VWAP$7.90
    OBV236.5M
    AD Line-4.4B
    CMF (20d)-0.061

    Volume Metrics

    Avg Vol (20d)5.6M
    Vol Ratio1.3x
    VWMA (20d)$8.14

    Pivot Points

    R3$9.46
    R2$9.14
    R1$8.68
    Pivot Point$8.35
    S1$7.89
    S2$7.56
    S3$7.10

    Advanced Oscillators

    TSI26.71
    Ultimate Osc44.5
    KST160.94

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$104.69M$106.46M$85.90M$75.00M$66.73M$64.79M$74.43M$82.22M$97.81M$95.29M$59.25M$78.45M
    Cost of Revenue$53.96M$58.83M$56.86M$61.18M$59.92M$56.59M$56.62M$60.16M$62.45M$64.37M$28.80M$57.69M
    Gross Profit$50.73M$47.64M$29.04M$13.82M$6.81M$8.20M$17.81M$22.05M$35.35M$30.92M$30.46M$20.76M
    Operating Expenses$9.57M$9.28M$8.61M$7.04M$6.38M$6.85M$9.06M$5.83M$6.08M$7.85M$5.86M$6.29M
    R&D$0$0$0$0$0$0$0$0$0$0$0$0
    SG&A$9.57M$9.28M$8.61M$7.04M$6.38M$6.85M$9.06M$5.83M$6.08M$7.85M$5.86M$6.29M
    Operating Income$41.16M$38.36M$20.43M$6.78M$434,000$1.35M$8.76M$16.22M$29.27M$23.06M$24.60M$14.47M
    Interest Income$167,000$427,000$9.01M$396,000$400,000$489,000$131,000$173,000$240,000$187,000$42,000$604,000
    Interest Expense$7.93M$8.60M$9.33M$9.82M$9.24M$7.36M$7.10M$7.73M$7.87M$8.05M$7.20M$7.56M
    Income Before Tax$68.33M$46.29M$11.66M$-2,781,000$-852,000$4.25M$1.29M$8.69M$21.61M$15.06M$17.50M$7.49M
    Income Tax Expense$0$0$0$0$0$0$-10,000$0$0$1,000$0$614,586
    Net Income$68.33M$46.29M$11.66M$-2,781,000$-852,000$4.25M$1.29M$8.69M$21.61M$15.06M$17.50M$7.49M
    EBITDA$54.00M$68.89M$34.63M$22.36M$23.36M$24.85M$22.26M$30.62M$43.41M$37.24M$37.88M$27.71M
    EBIT$41.16M$54.89M$20.43M$7.04M$8.39M$11.61M$8.39M$16.41M$29.47M$23.11M$24.60M$15.04M
    * Some calculated fields are derived from available data when not provided by source

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    NAT Valuation and Fair Value

    P/E
    17.0x
    Forward P/E
    14.0x
    EV/EBITDA
    10.7x
    PEG
    1.2x
    P/B
    3.5x
    See GNG's fair value

    NAT Profitability: Margins, ROIC and FCF

    Gross margin
    38.0%
    Operating margin
    51.9%
    Net margin
    33.3%
    ROIC
    11.0%
    ROE
    25.7%
    FCF margin
    31.3%

    NAT Bull Case vs Bear Case

    Bull case

    • NAT converts 31.3% of revenue into free cash flow.
    • NAT has a 33.3% net profit margin.
    • NAT grew quarterly revenue 97.5% year over year.

    Bear case

    • NAT beat EPS estimates in 25.0% of its last 8 reported quarters.
    • 50.0% of NAT's analyst ratings are Sell or Strong Sell.

    NAT Earnings: Beat Rate and Next Report

    Beat rate
    2 of 8 quarters (25.0%)
    Average surprise
    -68.1%
    EPS estimate (fiscal period ending Sep 30, 2026)
    $0.10
    Estimate revisions (30 days, fiscal period ending Sep 30, 2026)
    0 up, 1 down

    NAT Dividend

    Forward yield
    13.8%
    Payout ratio
    141.9%
    3Y DPS growth
    48.5%
    5Y DPS growth
    26.8%
    Pay months
    Mar, Jun, Sep, Dec
    NAT dividend history

    Frequently Asked Questions About NAT

    What is NAT's current dividend yield?

    Nordic American Tankers Limited (NAT) has a forward dividend yield of 13.82%.

    Does NAT pay dividends?

    Yes, Nordic American Tankers Limited pays dividends with a forward dividend yield of 13.82%.

    What is NAT's P/E ratio?

    Nordic American Tankers Limited has a price-to-earnings (P/E) ratio of 16.99.

    What is NAT's market cap?

    Nordic American Tankers Limited (NAT) has a market capitalization of $1.74B with a current stock price of $7.82.

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