Security
Nordic American Tanker · NAT
NATNYSECommon stockCurrentCIK 1000177Updated Oct 7, 2026
Name history
NORDIC AMERICAN TANKER SHIPPING LTD · through Jun 29, 2011
NAT price & chart
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Recent filings
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Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | Q3 2018 | Q3 2017 | Q3 2016 | Q3 2011 | Q2 2016 | Q2 2015 | Q2 2013 | Q2 2012 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||||
| AssetsUSD | 1,070,155,000Source | 1,247,098,000Source | — | 1,111,546,000Source | 1,262,869,000Source | — | 1,083,728,000Source | — | 902,164,000Source | 817,587,000Source | 879,196,000Source | 879,883,000Source |
| Property, Plant and Equipment, NetUSD | 159,000Source | — | — | — | 326,000Source | — | — | — | — | 749,000Source | 969,000Source | 730,000Source |
| Current assets: | ||||||||||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 45,529,000Source | 31,147,000Source | 151,550,000Source | 10,404,000Source | 29,519,000Source | 105,508,000Source | 71,125,000Source | 104,259,000Source | 45,863,000Source | 39,177,000Source | 31,078,000Source | 59,583,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | — | — | — | — | — | — | — | — | 19,039,000Source | 16,223,000Source | 26,287,000Source | 20,474,000Source |
| Assets, CurrentUSD | 110,235,000Source | 93,567,000Source | — | 102,792,000Source | 102,638,000Source | — | 124,575,000Source | — | 150,868,000Source | 98,771,000Source | 108,910,000Source | 142,662,000Source |
| Operating Lease, Right-of-Use AssetUSD | — | — | — | — | — | — | — | — | 738,000Source | 975,000Source | 578,000Source | 1,209,000Source |
| Other Assets, NoncurrentUSD | 231,000Source | 477,000Source | — | 653,000Source | 10,453,000Source | — | 5,392,000Source | — | 2,351,000Source | 2,568,000Source | 1,124,000Source | 878,000Source |
| LIABILITIES AND EQUITY | ||||||||||||
| Stockholders’ equity: | ||||||||||||
| Common Stock, Value, IssuedUSD | 1,420,000Source | 1,020,000Source | — | 473,000Source | 893,000Source | — | 660,000Source | — | 2,117,000Source | 2,117,000Source | 2,087,000Source | 2,087,000Source |
| Retained Earnings (Accumulated Deficit)USD | -298,337,000Source | -58,060,000Source | — | -54,645,000Source | 0Source | — | -64,088,000Source | — | 1,398,000Source | -10,873,000Source | -57,516,000Source | -156,227,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -1,097,000Source | -888,000Source | — | -245,000Source | -877,000Source | — | -141,000Source | — | -1,155,000Source | -1,822,000Source | -2,094,000Source | -1,813,000Source |
| Stockholders' Equity Attributable to ParentUSD | 614,020,000Source | 761,872,000Source | 936,725,000Source | 898,961,000Source | 846,529,000Source | 894,384,000Source | 847,388,000Source | 896,441,000Source | 445,521,000Source | 508,813,000Source | 538,304,000Source | 539,982,000Source |
| Additional Paid in Capital, Common StockUSD | 123,734,000Source | 235,406,000Source | — | 953,378,000Source | 114,938,000Source | — | 136,965,000Source | — | 198,206,000Source | 198,206,000Source | 191,004,000Source | 188,801,000Source |
| Liabilities and EquityUSD | 1,070,155,000Source | 1,247,098,000Source | — | 1,111,546,000Source | 1,262,869,000Source | — | 1,083,728,000Source | — | 902,164,000Source | 817,587,000Source | 879,196,000Source | 879,883,000Source |
| Current liabilities: | ||||||||||||
| Liabilities, CurrentUSD | 25,695,000Source | 26,601,000Source | — | 33,187,000Source | 21,235,000Source | — | 15,345,000Source | — | 67,420,000Source | 59,785,000Source | 70,478,000Source | 72,414,000Source |
| Accounts Payable, CurrentUSD | 4,648,000Source | 3,798,000Source | — | 3,886,000Source | 4,671,000Source | — | 3,805,000Source | — | 2,528,000Source | 4,257,000Source | 3,446,000Source | 6,960,000Source |
| Operating Lease, Liability, NoncurrentUSD | — | — | — | — | — | — | — | — | — | — | 0Source | 535,000Source |
| Other Liabilities, NoncurrentUSD | — | — | — | — | — | — | — | — | 483,000Source | 845,000Source | 717,000Source | 615,000Source |
| Additional Financial Items | ||||||||||||
| Accounts Receivable, after Allowance for Credit LossUSD | — | — | — | — | — | — | — | — | 19,039,000Source | 16,200,000Source | 26,300,000Source | 20,500,000Source |
| Accrued Liabilities, CurrentUSD | 9,397,000Source | 15,871,000Source | — | 29,301,000Source | 9,666,000Source | — | 6,652,000Source | — | 628,000Source | 599,000Source | — | — |
| Deferred Revenue, CurrentUSD | — | 2,290,000Source | — | — | 1,348,000Source | — | — | — | 3,836,000Source | 5,632,000Source | 3,949,000Source | 6,146,000Source |
| Dividends Payable, CurrentUSD | — | — | — | — | — | — | — | — | 0Source | 8,470,000Source | 12,528,000Source | — |
| Long-term Debt, Current MaturitiesUSD | 4,654,000Source | — | — | — | — | — | — | — | 35,404,000Source | 21,560,000Source | 31,898,000Source | 39,700,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 414,372,000Source | 443,865,000Source | — | 170,000,000Source | 380,213,000Source | — | 210,000,000Source | — | 388,740,000Source | 248,144,000Source | 269,697,000Source | 266,337,000Source |
| Goodwill | — | —Source | — | — | —Source | — | —Source | — | — | — | — | — |
| Inventory, Net | —Source | —Source | — | — | —Source | — | —Source | — | — | — | — | — |
| Liabilities | — | — | — | —Source | —Source | — | —Source | — | — | — | — | — |
| Commitments and Contingencies | — | — | — | — | — | — | —Source | — | — | — | — | — |
cash flow · annual statements
| Line item | Q4 2018 | Q4 2017 | Q4 2016 | Q3 2017 | Q3 2016 | Q2 2016 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | — | — | — | — | — | 0Source | 1,847,000Source | 2,203,000Source | 476,000Source |
| Changes in operating assets and liabilities: | ||||||||||
| Increase (Decrease) in Accounts ReceivableUSD | — | — | — | — | — | — | 2,877,000Source | -10,065,000Source | 5,813,000Source | 11,100,000Source |
| Increase (Decrease) in InventoriesUSD | — | — | — | — | — | — | -2,000,000Source | -9,252,000Source | 5,753,000Source | 4,558,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | — | — | — | 19,824,000Source | 128,158,000Source | 139,445,000Source | 24,134,000Source |
| Cash flows from investing activities: | ||||||||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | — | — | — | — | -87,699,000Source | -2,620,000Source | -73,670,000Source | -14,343,000Source |
| Cash flows from financing activities: | ||||||||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | — | — | — | — | 68,993,000Source | -115,051,000Source | -95,672,000Source | 9,005,000Source |
| Payments of Ordinary Dividends, Common StockUSD | — | — | — | — | — | — | 84,700,000Source | 87,695,000Source | 89,783,000Source | 22,682,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | — | — | — | — | — | — | — | — | 18,796,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | — | — | — | — | 45,863,000Source | 44,384,000Source | 33,361,000Source | 63,302,000Source |
| Supplemental disclosure of cash flow information: | ||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | — | — | — | — | 35,007,000Source | 29,890,000Source | 29,040,000Source | 23,455,000Source |
| Income Taxes Paid, NetUSD | — | — | — | — | — | — | 33,000Source | 10,000Source | 23,000Source | 59,000Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | — | — | — | — | 361,000Source | 536,000Source | -44,000Source | -142,000Source |
| Additional Financial Items | ||||||||||
| Amortization of Debt Issuance CostsUSD | — | — | — | — | — | — | 745,000Source | 850,000Source | 1,447,000Source | 3,589,000Source |
| Amortization of Debt Issuance Costs and DiscountsUSD | — | — | — | — | — | — | 745,000Source | — | — | — |
| DepreciationUSD | — | — | — | — | — | — | 57,735,000Source | 56,151,000Source | 51,397,000Source | 50,421,000Source |
| Dividends Payable, CurrentUSD | — | — | — | — | — | — | 0Source | 8,470,000Source | 12,528,000Source | — |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | — | — | — | — | — | — | 16,621,000Source | 0Source | 0Source | 6,005,000Source |
| General and Administrative ExpenseUSD | — | — | — | — | — | — | 28,143,000Source | 28,825,000Source | 22,890,000Source | 18,798,000Source |
| Income Tax Expense (Benefit)USD | — | — | — | — | — | — | 48,000Source | -10,000Source | 120,000Source | 23,000Source |
| InterestExpenseNonoperatingUSD | — | — | — | — | — | — | 35,752,000Source | 30,739,000Source | — | — |
| Investment Income, InterestUSD | — | — | — | — | — | — | 1,608,000Source | 731,000Source | 1,302,000Source | 0Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | — | — | — | — | 12,271,000Source | 46,643,000Source | 98,711,000Source | 15,101,000Source |
| Nonoperating Income (Expense)USD | — | — | — | — | — | — | -34,026,000Source | -30,678,000Source | -29,059,000Source | -26,743,000Source |
| Operating Costs and ExpensesUSD | — | — | — | — | — | — | 66,938,000Source | 62,809,000Source | 60,003,000Source | 63,430,000Source |
| Other Nonoperating Income (Expense)USD | — | — | — | — | — | — | 118,000Source | -670,000Source | 137,000Source | 312,000Source |
| Payments of DividendsUSD | — | — | — | — | — | — | 76,200,000Source | 75,100,000Source | 89,800,000Source | — |
| Payments of Financing CostsUSD | — | — | — | — | — | — | 2,514,000Source | 0Source | 669,000Source | 0Source |
| Proceeds from Issuance of Common StockUSD | — | — | — | — | — | — | 0Source | 8,932,000Source | 0Source | 49,096,000Source |
| Provision for Loan, Lease, and Other LossesUSD | — | — | — | — | — | — | 406,103,000Source | 195,000Source | 88,000Source | 130,000Source |
| Gain (Loss) on Disposition of Assets | — | — | — | — | — | — | — | — | — | — |
| Gain (Loss) on Investments | — | — | — | — | — | — | — | — | — | — |
| Goodwill | — | — | — | —Source | — | —Source | — | — | — | — |
| Income (Loss) from Equity Method Investments | — | — | — | — | — | — | — | — | — | — |
income statement · annual statements
| Line item | Q4 2018 | Q4 2017 | Q4 2016 | Q3 2016 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|
| Total RevenueUSD | — | — | — | — | 291,690,000Source | 349,742,000Source | 391,687,000Source | 339,340,000Source |
| Cost of RevenueUSD | — | — | — | — | 109,880,000Source | 124,646,000Source | 129,507,000Source | 170,515,000Source |
| Gross Profit (Calculated) · Derived | — | — | — | — | — | — | — | — |
| Operating Income (Loss)USD | — | — | — | — | 46,345,000Source | 77,311,000Source | 127,890,000Source | 41,867,000Source |
| Other Nonoperating Income (Expense)USD | — | — | — | — | 118,000Source | -670,000Source | 137,000Source | 312,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | — | — | — | — | 12,319,000Source | 46,633,000Source | 98,831,000Source | 15,124,000Source |
| Income Tax Expense (Benefit)USD | — | — | — | — | 48,000Source | -10,000Source | 120,000Source | 23,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | — | — | 12,271,000Source | 46,643,000Source | 98,711,000Source | 15,101,000Source |
| Earnings Per Share, BasicUSD per share | — | — | — | — | 0.06Source | 0.22Source | 0.47Source | 0.07Source |
| Earnings Per Share, DilutedUSD per share | — | — | — | — | 0.06Source | 0.22Source | 0.47Source | 0.07Source |
| Weighted Average Number of Shares Outstanding, Basicshares | — | — | — | — | 211,750,663Source | 209,227,286Source | 208,796,444Source | 202,032,942Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | — | — | — | 211,750,663Source | 209,898,006Source | 208,811,300Source | 202,032,942Source |
| Interest Expense (non-operating)USD | — | — | — | — | 35,752,000Source | 30,739,000Source | — | — |
| Additional Financial Items | ||||||||
| Common Stock, Dividends, Per Share, DeclaredUSD per share | — | — | — | — | 0.36Source | 0.4Source | — | — |
| General and Administrative ExpenseUSD | — | — | — | — | 28,143,000Source | 28,825,000Source | 22,890,000Source | 18,798,000Source |
| Interest ExpenseUSD | — | — | — | — | — | — | 30,498,000Source | 27,055,000Source |
| Interest Expense, DebtUSD | — | — | — | — | — | 850,000Source | 1,458,000Source | 3,600,000Source |
| Investment Income, InterestUSD | — | — | — | — | 1,608,000Source | 731,000Source | 1,302,000Source | 0Source |
| Nonoperating Income (Expense)USD | — | — | — | — | -34,026,000Source | -30,678,000Source | -29,059,000Source | -26,743,000Source |
| Operating Costs and ExpensesUSD | — | — | — | — | 66,938,000Source | 62,809,000Source | 60,003,000Source | 63,430,000Source |
| Other IncomeUSD | — | — | — | — | 730,000Source | — | 0Source | 0Source |
| Gain (Loss) on Investments | — | — | — | — | — | — | — | — |
| Income (Loss) from Equity Method Investments | — | — | — | — | — | — | — | — |
Filing attachments
d12110853_ex99-1.htm · 6-K · 2026-03-02
Exhibit 1 Nordic American Tankers Limited (NYSE: NAT) - Report as per December 31, 2025 - Full speed ahead Thursday, February 26, 2026 Ninety day periods offer a short-term snapshot. A more meaningful analysis must contain a longer-term picture. The direction of NAT is up. A few days ago, we entered into a 1-year fixed contract with an oil major, giving us more than $50,000 per day. Highlights: The dividend for the fourth quarter 2025 is 17 cents ($0.17) per share. This is our 114th conse…
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