Nordic American Tanker Q3 EBITDA misses estimates
Nordic American Tanker reported a Q3 adjusted EBITDA miss, with a net book loss of $2.8 million. Despite a slow quarter, strong oil demand supports cash accumulation. The company plans to expand its fleet with two new Suezmax tankers by 2028. Analysts rate the stock as a "buy," with a median price target of $3.45, below its current price of $3.76.
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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
Metric Beat/Mis Actual Consensu
s s
Estimate
Q3 Miss $21.40 $30.08
Adjusted mln mln (4
EBITDA Analysts
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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: For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
