NORDIC AMERICAN TANKERS Ltd NAT
Annual
Quarterly
FY2025 · ended Dec 31, 2025 · Revenue $291.69M, -16.6% YoY · Filed Apr 29, 2026
NORDIC AMERICAN TANKERS Ltd (NAT) files with the SEC under industry code 4400, Water Transportation. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $291.7 million and net income of $12.3 million. As of Dec 31, 2025 it held $45.9 million in cash and investments and $424.1 million in total debt.
Revenue
$291.69M
-16.6% vs prior year
Net income
$12.27M
-73.7% vs prior year
Operating cash flow
$19.82M
-84.5% vs prior year
Free cash flow
—
EPS
$0.06
-72.7% vs prior year
Dividend per share
$0.36
-10.0% vs prior year
Shares outstanding
211.75M
+0.0% vs prior year
Net cash
$-378.28M
FY 2025
Operating margin
15.9%
FY 2025
Company profile
- Industry
- Water Transportation (SIC 4400)
- Listed as
- NAT (NYSE)
- Fiscal year ends
- December 31
- Headquarters
- Hamilton Hm12, Bermuda
- SEC filer status
- Large accelerated filer
- SEC CIK
- 1000177
- Former names
- NORDIC AMERICAN TANKER SHIPPING LTD (until Jun 29, 2011)
Other Water Transportation companies
- Royal Caribbean Cruises Ltd RCL
- Carnival Corp Ltd. CCL
- Viking Holdings Ltd VIK
- Norwegian Cruise Line Holdings Ltd. NCLH
- Kirby Corp KEX
- Matson, Inc. MATX
- International Seaways, Inc. INSW
- Golar LNG Ltd GLNG
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $291.7M | $349.7M | $391.7M | $339.3M | $191.1M |
| Operating income | $46.3M | $77.3M | $127.9M | $41.9M | -$144.5M |
| Net income | $12.3M | $46.6M | $98.7M | $15.1M | -$171.3M |
| Diluted EPS | $0.06 | $0.22 | $0.47 | $0.07 | -$1.05 |
| Operating cash flow | $19.8M | $128.2M | $139.4M | $24.1M | -$44.5M |
| Total assets | $902.2M | $817.6M | $879.2M | $879.9M | $851.2M |
| Stockholders' equity | $445.5M | $508.8M | $538.3M | $540.0M | $498.2M |
| Cash and investments | $45.9M | $39.2M | $31.1M | $59.6M | $34.7M |
| Total debt | $424.1M | $269.7M | $301.6M | $306.6M | $322.1M |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 6-K | Current report (foreign issuer) | Sep 28, 2026 | Sep 30, 2026 |
| 6-K | Current report (foreign issuer) | Aug 27, 2026 | Aug 31, 2026 |
| 6-K | Current report (foreign issuer) | Jun 1, 2026 | Jun 30, 2026 |
| 20-F | Annual report (foreign issuer) | Apr 29, 2026 | Dec 31, 2025 |
| 6-K | Current report (foreign issuer) | Mar 2, 2026 | Mar 31, 2026 |
| 6-K | Current report (foreign issuer) | Nov 28, 2025 | Nov 30, 2025 |
All 590 NORDIC AMERICAN TANKERS Ltd SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.