DHT Holdings, Inc. First Quarter 2021 Results

Rhea-AI Summary

DHT Holdings (NYSE:DHT) reported its financial results for the quarter ending March 31, 2021. The company emphasizes its strong operational focus, emphasizing a robust capital structure that supports resilience through market fluctuations. DHT operates a fleet of crude oil tankers and maintains a transparent governance model. The press release includes forward-looking statements regarding dividends, charter rates, and market conditions, urging caution due to inherent risks and uncertainties. For detailed financial results, the full report is accessible online.

Positive

• Robust cash break-even levels support stability during market cycles.
• Focus on quality operations and customer service enhances competitive edge.

Negative

• None.

HAMILTON, BERMUDA, May 4, 2021 – DHT Holdings, Inc. (NYSE:DHT) (“DHT” or the “Company”) today announced its results for the quarter ended March 31, 2021.

The full report is available here and in the below attachment.

About DHT Holdings, Inc.

DHT is an independent crude oil tanker company. Our fleet trades internationally and consists of crude oil tankers in the VLCC segment. We operate through our integrated management companies in Monaco, Singapore and Oslo, Norway. You shall recognize us by our business approach with an experienced organization with focus on first rate operations and customer service, quality ships built at quality shipyards, prudent capital structure with robust cash break even levels to accommodate staying power through the business cycles, a combination of market exposure and fixed income contracts for our fleet and a transparent corporate structure maintaining a high level of integrity and good governance. For further information: www.dhtankers.com.

Forward looking statements

This press release contains certain forward-looking statements and information relating to the Company that are based on beliefs of the Company’s management as well as assumptions, expectations, projections, intentions and beliefs about future events, in particular regarding dividends (including our dividend plans, timing and the amount and growth of any dividends), daily charter rates, vessel utilization, the future number of newbuilding deliveries, oil prices and seasonal fluctuations in vessel supply and demand. When used in this document, words such as “believe,” “intend,” “anticipate,” “estimate,” “project,” “forecast,” “plan,” “potential,” “will,” “may,” “should” and “expect” and similar expressions are intended to identify forward-looking statements but are not the exclusive means of identifying such statements.  These statements reflect the Company’s current views with respect to future events and are based on assumptions and subject to risks and uncertainties.  Given these uncertainties, you should not place undue reliance on these forward-looking statements.  These forward-looking statements represent the Company’s estimates and assumptions only as of the date of this press release and are not intended to give any assurance as to future results.  For a detailed discussion of the risk factors that might cause future results to differ, please refer to the Company’s Annual Report on Form 20-F, filed with the Securities and Exchange Commission on March 25, 2021.
The Company undertakes no obligation to publicly update or revise any forward-looking statements contained in this press release, whether as a result of new information, future events or otherwise, except as required by law.  In light of these risks, uncertainties and assumptions, the forward-looking events discussed in this press release might not occur, and the Company’s actual results could differ materially from those anticipated in these forward-looking statements.
 
Contact:
Laila C. Halvorsen, CFO
Phone: +1 441 295 1422 and +47 984 39 935
E-mail: lch@dhtankers.com 

Wilhelm Flinder, Manager – Investor Relations & Business Analysis
Phone: +1 441 295 1422 and +47 936 11 350
Email: wf@dhtankers.com  

Attachment

• DHT Q1 2021 financial report

FAQ

What are the Q1 2021 results for DHT Holdings?

DHT Holdings has reported its Q1 2021 financial results, highlighting operational strengths and a strong capital structure.

What is DHT Holdings' approach to market conditions?

DHT maintains a prudent capital structure and focuses on quality ship operations, which positions it well during fluctuating market conditions.

When was the DHT Holdings press release published?

The press release was published on May 4, 2021.

What does DHT Holdings emphasize in its operations?

DHT emphasizes first-rate operations, customer service, and maintaining a transparent corporate structure.

What should investors consider from DHT's forward-looking statements?

Investors should be cautious as the forward-looking statements are subject to risks and uncertainties that could affect future results.