NAT posts $0.32 EPS for Q2, exceeding expectations, while revenue surges 97.5% year-over-year to $79.3M.
Nordic American Tankers reported Q2 GAAP earnings per share of $0.32, beating estimates by $0.09. Revenue reached $79.3 million, a 97.5% year-over-year increase, though it missed forecasts by $16.28 million.
The company’s adjusted EBITDA for the quarter was $67.6 million, up from $54 million in the prior quarter. The earnings outperformance contrasts with the revenue shortfall, reflecting strong operational efficiency amid market conditions.
Shares may react to the mixed results, with earnings strength potentially offsetting the revenue miss.