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DHT Holdings, Inc.

DHT Energy Oil & Gas Midstream

DHT Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $498.4 million, down 12.8% from fiscal 2024.

Revenue
+122.1%
EPS
+251.4%
Free cash flow
+122.3%
Total debt
+43.6%

Quarter to June 2026, against a year earlier

20.63 1.42 −6.44%
Market cap
$3.3B
P/E
7.0×
Fwd P/E
3.9×
Dividend yield
11.9%
F-score
7/9
Altman Z
3.30
Beneish M
−1.96
Dividend safety
36/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 11.84
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — 6 2 — —
Insider Ownership 10.95%

Capital & Financial Ratios $m

Size
Market Cap 3,300.00
Revenue ttm 723.00
Net income ttm 473.75
Free cash flow ttm 186.83
Net debt Q 272.20
Valuation
P/E 7.02
Forward P/E 3.89
Price / sales 4.60
Forward P/S Powerpack
Price / FCF 17.79
Price / book 2.50
Financial health
Current ratio Q 3.64 (at or above 1.5: strong)
Debt / equity Q 0.33 (at or below 0.5: strong)
Interest coverage Q 31.75
Growth
Revenue growth Q +122.12% (above 0%: growing)
Operating income growth Q +236.96% (above 0%: growing)
EPS, this year +258.54% (at or above 15%: strong)
EPS, next year A −30.32% (below 0%: weak)
Revenue, next year A +130.74% (at or above 10%: strong)
EPS, past 5 yrs −4.04% (below 0%: weak)
EPS, next 5 yrs A +13.00%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 5.0×, against a ten-year median of 3.7×; over the ten years it ranged from 1.5× in 2020 to 7.0× in 2026.
P/E against its own 10 years 27.06%
10-year low 10-year high
P/S against its own 10 years 94.50%
10-year low 10-year high
P/B against its own 10 years 97.62%
10-year low 10-year high
EV/Sales against its own 10 years 88.85%
10-year low 10-year high
EV/FCF against its own 10 years 76.94%
10-year low 10-year high

Dividends

Yield
11.9%
Annual rate
2.45
Payout ratio
83.3%
Growth, 2017–25
+17.8%/yr
  1. 0.20 ’17
  2. 0.08 ’18 −60
  3. 0.20 ’19 +150
  4. 1.35 ’20 +575
  5. 0.13 ’21 −90
  6. 0.12 ’22 −8
  7. 1.15 ’23 +858
  8. 1.00 ’24 −13
  9. 0.74 ’25 −26
  10. 6.00 ’26e +711
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 75 78 79 163
Receivables 76 54 53 87
Inventory 34 38 25 27
Other 3 25 42 20
200 202 209 303
2023 2024 2025 Q'26
Payables 20 23 23 24
ST’ Debt 30 79 40 45
Other 6 8 12 14
57 110 75 83

Compound Annual Growth %

10y 5y 3y
Sales 3.16% (6.33%) 3.15%
Cash Flow 4.30% (12.19%) 29.32%
Earnings 7.20% (4.54%) 50.83%
Book Value 4.38% 0.43% 1.82%

Earnings Trends EPS, adjusted, against the consensus

Jun 2025 Estimate 0.23 Actual 0.24

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Sep 2024 0.21 0.22 Beat by 0.01
Dec 2024 0.18 0.34 Beat by 0.16
Mar 2025 0.15 0.27 Beat by 0.12
Jun 2025 0.23 0.24 Beat by 0.01

EPS $

Mar Jun Sep Dec Year
’26 1.02 1.23 — — —
’25 0.27 0.35 0.28 0.41 1.31
’24 0.29 0.27 0.22 0.34 1.12
’23 0.23 0.35 0.19 0.22 0.99
’22 (0.10) 0.06 0.04 0.38 0.37
’21 0.07 0.00 (0.13) (0.02) (0.07)
’20 0.44 0.81 0.31 0.04 1.61
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 186 285 — — —
’25 119 128 107 144 498
’24 147 151 142 131 572
’23 133 153 132 143 561
’22 76 100 110 168 454
’21 87 66 59 84 296
’20 212 246 142 91 691
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 99 220 — — —
’25 59 84 61 73 277
’24 70 83 80 66 299
’23 66 87 56 42 251
’22 6 26 5 90 128
’21 11 34 (3) 19 61
’20 131 187 131 81 530
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 37 210 — — —
’25 76 95 72 (133) 110
’24 66 31 52 53 202
’23 52 69 (37) 40 123
’22 3 98 40 89 230
’21 (130) 74 25 5 (27)
’20 128 177 128 70 502
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.7
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 356 355 376 535 691 296 454 561 572 498 723 +3.8% 1,150 737 489 (0.7%)
Gross margin, % 64.27 47.69 36.77 50.32 67.77 42.47 42.90 56.99 54.84 59.65 74.23 (4.6) pt
EBT 9 7 (47) 74 267 (11) 63 162 182 211 474 +41.4%
EBT margin, % 2.63 1.90 (12.46) 13.79 38.66 (3.77) 13.78 28.91 31.84 42.41 65.59 +39.8 pt
Net income 9 7 (47) 74 266 (12) 62 161 181 211 474 +41.5%
Per share, $
Per share, $ Revenue 3.81 2.85 2.62 3.73 4.44 1.75 2.76 3.46 3.54 3.10 4.49 (2.3%)
Earnings 0.10 0.05 (0.33) 0.51 1.71 (0.07) 0.37 0.99 1.12 1.31 2.94 +33.1%
Cash flow 2.08 0.82 0.38 1.09 3.40 0.36 0.78 1.55 1.85 1.72 2.81 (2.1%)
Capex (2.28) (1.50) (1.31) (0.38) (0.18) (0.52) 0.62 (0.79) (0.60) (1.04) (1.65) (8.4%)
Free cash flow (0.21) (0.68) (0.94) 0.71 3.23 (0.16) 1.40 0.76 1.25 0.69 1.16 n/m
Book value 7.34 7.43 6.01 6.50 7.12 6.19 6.52 6.36 6.46 7.05 8.25 (0.4%)
Shares, m 93 125 143 143 156 169 165 162 161 161 161 +6.2%
Valuation, ×
Valuation, × P/E 44.20 37.30 0.00 16.56 2.95 0.00 22.24 10.11 8.29 9.32 7.02 15.1
P/S 1.16 1.31 1.50 2.22 1.18 2.97 3.06 2.90 2.62 3.94 4.60 2.3
P/B 0.60 0.50 0.65 1.27 0.73 0.84 1.30 1.57 1.44 1.73 2.50 1.1
EV/Sales 2.82 3.31 3.82 3.68 1.73 4.53 3.65 3.53 3.20 4.64 4.97 3.5
EV/FCF (52.16) (13.78) (7.37) 19.31 2.38 (49.63) 7.21 16.05 9.08 20.97 19.24 (4.8)
Cash, $m
Cash, $m Operating cash flow 194 102 54 156 530 61 128 251 299 277 452 +4.0%
Capex (213) (187) (189) (54) (28) (88) 102 (128) (97) (166) (265) (2.7%)
Free cash flow (19) (85) (135) 102 502 (27) 230 123 202 110 187 n/m
Balance, $m
Balance, $m Working capital 104 84 70 88 70 90 171 144 92 134 220 +2.9%
Net debt 592 709 872 784 381 462 267 354 331 350 272 (5.7%)
Shareholders’ equity 685 926 862 932 1,109 1,047 1,073 1,032 1,043 1,133 1,330 +5.8%
Returns, %
Returns, % ROA 0.65 0.42 (2.61) 3.99 15.44 (0.71) 3.95 10.75 12.18 13.66 29.26 +13.0 pt
ROIC 1.98 1.66 0.59 5.06 13.15 0.01 3.46 8.71 9.58 9.48 18.99 +7.5 pt
ROE 1.30 0.82 (5.25) 8.21 26.09 (1.07) 5.80 15.33 17.49 19.40 39.17 +18.1 pt
People
People Employees 15 17 17 17 18 18 1,252 1,212 924 737 — +54.1%
Revenue/emp, $m 23.73 20.89 22.11 31.47 38.39 16.44 0.36 0.46 0.62 0.68 — (32.7%)
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

DHT Holdings, Inc. vs peers in Oil & Gas Midstream (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
CMBT CMB.TECH nv $4.8B 3.4× 3.9× +519.15% (above 0%: growing) n/m +451.20% (above 0%: growing) 71.02% 54.45% Compare
GLNG Golar LNG Limited $4.4B 27.1× 40.4× +100.86% (above 0%: growing) −30.19% (below 0%: shrinking) +33.24% (above 0%: growing) 67.68% 49.39% Compare
STNG Scorpio Tankers Inc. $4.1B 3.9× 4.4× +10.40% (above 0%: growing) +171.19% (above 0%: growing) +229.09% (above 0%: growing) 70.83% 100.99% Compare
EE Excelerate Energy, Inc. $4.0B 23.5× 22.8× −24.00% (below 0%: shrinking) +2.27% (above 0%: growing) −19.75% (below 0%: shrinking) 0.00% 31.81% Compare
TRMD TORM PLC $3.5B 5.6× — +110.28% (above 0%: growing) +451.67% (above 0%: growing) +48.55% (above 0%: growing) 89.05% 53.58% Compare
DHT DHT Holdings, Inc. $3.3B 7.0× 3.9× +122.12% (above 0%: growing) +251.43% (above 0%: growing) +122.28% (above 0%: growing) 83.01% 71.31%
BWLP BW LPG Limited $3.3B 7.4× — −3.06% (below 0%: shrinking) +243.48% (above 0%: growing) +1,336.28% (above 0%: growing) 23.60% 13.87% Compare
SUNC SunocoCorp LLC $3.3B 10.3× — +248.12% (above 0%: growing) — +690.91% (above 0%: growing) 8.65% 4.10% Compare
TNK Teekay Tankers Ltd. $2.8B 4.9× 4.1× +62.97% (above 0%: growing) +258.56% (above 0%: growing) +278.92% (above 0%: growing) 59.49% 58.49% Compare
Median of peers $3.8B 6.5× 4.4× +81.92% +207.34% +254.01% 63.59% 51.49%

All 57 Oil & Gas Midstream stocks →

DHT Holdings, Inc. (DHT) Latest News

29 Oct

Impact 3 · · StockStory

26 Oct

Impact 3 · · GlobeNewswire

20 Oct

Impact 3 · · CNW Group
Impact 3 · · StockStory

12 Oct

Impact 4 · · Simply Wall St.
Impact 4 · · StockStory
Impact 4 · · InvestorsHub
Impact 3 · · GlobeNewswire

8 Oct

Impact 4 · · The Motley Fool

25 Sep

Impact 4 ·

24 Sep

Impact 3 · · StockStory

22 Sep

Impact 3 · · The Motley Fool

8 Aug

Impact 3 · · MarketBeat transcript

7 Aug

Impact 3 ·

6 Aug

Impact 4 · transcript
Impact 3 ·
Impact 3 ·

5 Aug

Impact 3 ·
Impact 3 ·

13 Jul

Impact 3 ·

10 Jul

Impact 3 ·
Impact 3 ·
Impact 3 ·

29 Jun

Impact 4 ·

26 Jun

Impact 3 ·

4 Jun

Impact 3 · · GlobeNewswire

9 May

Impact 4 · · MarketBeat

6 May

Impact 4 ·
Impact 4 · · Simply Wall St.
Impact 3 · · Moby

DHT metrics, ten years each

stockrow.com/DHT · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com