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DHT Holdings, Inc. First Quarter 2022 Results

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DHT Holdings announced its financial results for Q1 2022, revealing key metrics impacting shareholder interest.

The company operates in the independent crude oil tanker segment with a focus on first-rate operations and customer service. DHT emphasizes its prudent capital structure and counter-cyclical investment philosophy.

Investors are advised to review forward-looking statements regarding dividends, charter rates, and market conditions in light of potential risks. For detailed financial data, access the full report.

Positive
  • None.
Negative
  • Uncertainties regarding dividend plans and potential market fluctuations.
  • Risks associated with oil price volatility and seasonal demand.

HAMILTON, BERMUDA, May 9, 2022 – DHT Holdings, Inc. (NYSE:DHT) (“DHT” or the “Company”) today announced its results for the quarter ended March 31, 2022.

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, Norway and Singapore. You may recognize us by our renowned business approach as an experienced organization with focus on first rate operations and customer service; our quality ships; our prudent capital structure that promotes staying power through the business cycles; our combination of market exposure and fixed income contracts for our fleet; our counter cyclical philosophy with respect to investments, employment of our fleet, and capital allocation; and our transparent corporate structure maintaining a high level of integrity and good governance. For further information please visit: http://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, 2022.
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

Attachment


FAQ

What are the financial results of DHT for Q1 2022?

DHT reported its Q1 2022 financial results on May 9, 2022, with a focus on its operational efficiency and market strategies.

What risks are associated with DHT's business operations?

DHT faces risks related to oil price fluctuations, dividend plans, and vessel demand, as outlined in their recent press release.

How does DHT's capital structure affect investors?

DHT's prudent capital structure aims to provide stability through business cycles, which can benefit investors by enhancing financial resilience.

Where can I find DHT's detailed financial report?

DHT's detailed financial report for Q1 2022 can be accessed through their press release or directly via the provided link.

DHT HOLDINGS, INC.

NYSE:DHT

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1.66B
139.15M
13.82%
62.02%
4.2%
Oil & Gas Midstream
Energy
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United States of America
Hamilton