NORDIC AMERICAN TANKERS Ltd revenue by segment NAT

Annual Quarterly

NORDIC AMERICAN TANKERS Ltd splits its revenue into 2 lines in its filings. The largest line in fiscal 2025, which ended Dec 31, 2025 was Spot Charter at $212.0 million, 73% of the total.

USD in millions. The percent under a figure is the change from the year before.

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	FY 2020 Dec 31, 2020	FY 2019 Dec 31, 2019	FY 2018 Dec 31, 2018	FY 2017 Dec 31, 2017	FY 2016 Dec 31, 2016
Revenue	292	350	392	339	191	355	317	289	—	—
Spot Charter	212 -22.5% share 72.7%	274 -21.0% share 78.2%	346 +16.7% share 88.4%	297 +74.3% share 87.5%	170 -37.9% share 89.1%	274 -3.1% share 77.3%	283 share 89.2%	—	—	—
Time Charter	80 +4.8% share 27.3%	76 +68.1% share 21.8%	45 +6.5% share 11.6%	43 +104.1% share 12.5%	21 -74.1% share 10.9%	80 +135.0% share 22.7%	34 share 10.8%	—	—	—

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions. Each group is a separate split of total revenue, so the groups are not added together. Share of revenue is that line divided by total revenue. More on our methodology.

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

All 23 Water Transportation companies

Source: SEC EDGAR filings. This is company-reported data, not investment advice.