How does DHTâs Q2 performance compare to its main peers (e.g., Euronav, Teekay, Frontline) on metrics such as EBITDA, net profit, and fleet utilization?
Answer
Based on the information youâve shared, the only details we have are that DHTâŻHoldings, Inc. (NYSE:DHT) announced its secondâquarter 2025 results onâŻ6âŻAugustâŻ2025. The release does not include any of the quantitative performance figures (e.g., EBITDA, net profit, fleet utilization, or any other operating metrics) that would allow a direct comparison with its peersâEuronav, Teekay, Frontline, etc.
What we would need to make a meaningful comparison
Metric | DHT (Q2âŻ2025) | Euronav (Q2âŻ2025) | Teekay (Q2âŻ2025) | Frontline (Q2âŻ2025) |
---|---|---|---|---|
EBITDA (US$âŻmm) | ||||
Net profit / loss (US$âŻmm) | ||||
EBITDA margin (% of revenue) | ||||
Fleet size (deadweight tonnage, DWT) | ||||
Fleet utilization (average % of time vessels are onâcharter) | ||||
Average charter rates (US$âŻ/âŻday) | ||||
Cash flow from operations (US$âŻmm) | ||||
Capital expenditures (US$âŻmm) |
If you can provide the actual numbers from DHTâs Q2âŻ2025 earnings release (or a link to the full filing), we could populate the table above and then benchmark those figures against the publicly disclosed results of Euronav, Teekay, and Frontline for the same quarter.
Why the data matters
- EBITDA is the most common proxy for operating profitability in the shipping sector. It shows how well a company converts its charter revenue into cash before interest, taxes, depreciation, and amortisation.
- Net profit (or loss) reflects the âbottom lineâ after all expenses, financing costs, and tax itemsâuseful for assessing overall financial health and the ability to fund growth or return capital to shareholders.
- Fleet utilization (percentage of time vessels are under contract) is a leading indicator of revenue stability. Higher utilization generally translates into more predictable cash flows and better pricing power.
- EBITDA margin helps normalize performance across peers with different fleet sizes and revenue bases, highlighting costâefficiency and pricing strength.
- Capital expenditures and cashâflow figures are critical for understanding whether a company is investing enough to replace or expand its vessels while still maintaining sufficient liquidity.
Next steps
- Locate the full DHT Q2âŻ2025 earnings release (often posted on the companyâs investorârelations website or filed as a FormâŻ8âK). The release typically includes a âFinancial Highlightsâ table with the metrics listed above.
- Gather the same quarterâs results for Euronav, Teekay, and Frontlineâthese are usually available in their own earnings releases, quarterly reports, or via financial data providers (e.g., Bloomberg, Refinitiv, or the companiesâ IR sites).
- Populate the comparison table and calculate relative performance ratios (e.g., DHTâs EBITDA divided by the peer average, utilization variance, etc.).
- Interpret the resultsâfor example:
- If DHTâs EBITDA margin is higher than the peer average, it may indicate superior cost control or more favorable charter contracts.
- If fleet utilization is lower, it could signal a need to secure additional charters or a temporary market softening.
- A netâprofit swing (positive vs. negative) relative to peers can highlight differences in financing structures, tax regimes, or exposure to spotârate volatility.
In short: With only the announcement date and the fact that DHT released its Q2âŻ2025 results, we donât have the quantitative data needed to compare DHTâs performance to Euronav, Teekay, or Frontline on EBITDA, net profit, or fleet utilization. If you can share the specific figures from DHTâs earnings release (or a link to the full report), Iâll be able to build a detailed sideâbyâside comparison and provide a thorough analysis of how DHT stacks up against its main peers.