NAT on NYSE
NORDIC AMERICAN TANKERS Ltd
NORDIC AMERICAN TANKERS Ltd is a water transportation company, listed on NYSE (NAT).1
$7.86 down 0.35 (4.32%)Price as of Oct 15, 2026 at 17:33 UTC
Last updated Oct 20, 2026.
Overview
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- TickerNAT on NYSE1
- IndustryWater Transportation1
- Business addressSwan Building, 26 Victoria Street, Hamilton Hm12, D0 000004
- Filer categoryLarge accelerated filer4
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Companies Act. We maintain our principal office and registered office at Par La Ville Place, 14 Par La Ville Street, Hamilton HM 08, Bermuda. Our telephone number at such address is (441) 292-7202 and we maintain an internet site at www.nat.bm.5 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue38¢$109.9M
- Other costs58¢$169.5M
- Income tax0¢$48.0K
- Profit4¢$12.3M
Out of $291.7M in revenue.3
Where each dollar of operating cash went, fiscal 2025
- Dividends paid100¢$76.2M
Out of $19.8M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.3
Financial statements
No quarterly figures reported.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $289.0M6 | $317.2M7 | $354.6M8 | $191.1M9 | $339.3M10 | $391.7M3 | $349.7M3 | $291.7M3 |
| Cost of revenue | $165.0M6 | $141.8M7 | $121.1M8 | $128.3M9 | $170.5M10 | $129.5M3 | $124.6M3 | $109.9M3 |
| Operating income | -$38.6M6 | $32.0M7 | $81.2M8 | -$144.5M9 | $41.9M10 | $127.9M3 | $77.3M3 | $46.3M3 |
| Interest | $34.5M6 | $38.4M7 | $31.5M8 | $26.4M9 | $27.1M9 | $30.5M9 | ||
| Income before tax | -$171.3M9 | $15.1M10 | $98.8M3 | $46.6M3 | $12.3M3 | |||
| Income tax | $79.0K6 | $71.0K7 | $64.0K8 | $59.0K9 | $23.0K10 | $120.0K3 | -$10.0K3 | $48.0K3 |
| Net income | -$95.3M6 | -$10.4M7 | $50.0M8 | -$171.3M9 | $15.1M10 | $98.7M3 | $46.6M3 | $12.3M3 |
| Earnings per share | -$0.676 | -$0.077 | $0.348 | -$1.059 | $0.0710 | $0.473 | $0.223 | $0.063 |
| Earnings per share (diluted) | -$0.676 | -$0.077 | $0.348 | -$1.059 | $0.0710 | $0.473 | $0.223 | $0.063 |
| Shares (weighted, basic) | 162.5M shares9 | 202.0M shares10 | 208.8M shares3 | 209.2M shares3 | 211.8M shares3 | |||
| Shares (weighted, diluted) | 162.5M shares9 | 202.0M shares10 | 208.8M shares3 | 209.9M shares3 | 211.8M shares3 |
No quarterly figures reported.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash | $49.3M6 | $48.8M7 | $57.8M8 | $34.7M9 | $59.6M10 | $31.1M3 | $39.2M3 | $45.9M3 |
| Receivables | $9.4M8 | $20.5M9 | $26.3M3 | $16.2M3 | $19.0M3 | |||
| Current assets | $112.9M11 | $129.4M6 | $99.5M7 | $107.1M8 | $142.7M9 | $108.9M10 | $98.8M3 | $150.9M3 |
| Property, plant and equipment | $756.0K8 | $730.0K9 | $969.0K10 | $749.0K10 | ||||
| Total assets | $1.1B11 | $1.0B6 | $974.3M7 | $851.2M8 | $879.9M9 | $879.2M10 | $817.6M3 | $902.2M3 |
| Accounts payable | $6.6M8 | $7.0M9 | $3.4M10 | $4.3M3 | $2.5M3 | |||
| Short-term debt | $37.5M8 | $39.7M9 | $31.9M10 | $21.6M3 | $35.4M3 | |||
| Current liabilities | $36.3M11 | $59.0M6 | $39.7M7 | $67.6M8 | $72.4M9 | $70.5M10 | $59.8M3 | $67.4M3 |
| Long-term debt | $417.8M11 | $375.4M6 | $334.6M7 | $283.4M8 | $266.3M9 | $269.7M10 | $248.1M3 | $388.7M3 |
| Long-term liabilities | $285.3M8 | $267.5M9 | $270.4M10 | $249.0M3 | $389.2M3 | |||
| Total liabilities | ||||||||
| Retained earnings | -$171.3M8 | -$156.2M9 | -$57.5M10 | -$10.9M3 | $1.4M3 | |||
| Shareholders’ equity | $602.0M7 | $595.4M8 | $599.1M9 | $498.2M10 | $540.0M3 | $538.3M3 | $508.8M3 | $445.5M3 |
| Shares outstanding | 142.0M shares12 | 147.2M shares11 | 151.4M shares6 | 183.7M shares7 | 208.8M shares8 | 208.8M shares9 | 211.8M shares10 | 211.8M shares3 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | -$16.1M6 | $52.9M7 | $110.9M8 | -$44.5M9 | $24.1M10 | $139.4M3 | $128.2M3 | $19.8M3 |
| Stock-based compensation | $339.0K9 | $476.0K10 | $2.2M3 | $1.8M3 | $03 | |||
| Cash from investing | -$3.5M9 | -$14.3M10 | -$73.7M3 | -$2.6M3 | -$87.7M3 | |||
| Dividends paid | $9.9M11 | $14.3M6 | $67.2M7 | $9.7M8 | $22.7M10 | $89.8M3 | $75.1M3 | $76.2M3 |
| Cash from financing | $30.5M9 | $9.0M10 | -$95.7M3 | -$115.1M3 | $69.0M3 | |||
| Dividend per share | $0.0711 | $0.1011 | $0.403 | $0.363 |
Corporate structure
NORDIC AMERICAN TANKERS Ltd sits at the top of its group. 1 entity on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of NORDIC AMERICAN TANKERS Ltd
- DIMENSIONAL FUND ADVISORS LP Filed SC 13G on NORDIC AMERICAN TANKERS Ltd, latest Oct 31, 2024
- NORDIC AMERICAN TANKERS Ltd
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What NORDIC AMERICAN TANKERS Ltd reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Furniture and fixtures | $641.0K3 Dec 31, 2025 | $749.0K3 Dec 31, 2024 | −14.4% |
| Accumulated depreciation | $490.8M3 Dec 31, 2025 | $505.5M3 Dec 31, 2024 | −2.9% |
| Property and equipment, net | $749.0K10 Dec 31, 2024 | $969.0K10 Dec 31, 2023 | −22.7% |
| Operating-lease assets (leased space) | $738.0K3 Dec 31, 2025 | $975.0K3 Dec 31, 2024 | −24.3% |
Investments
Leadership
Who has led NORDIC AMERICAN TANKERS Ltd, and when. Pick a name to see everywhere that person has worked.
- Chief executive officerHerbjorn Hansson Apr 9, 2026 to now13
- Chief financial officerBjoern Giaever Mar 24, 2026 to now14
Board members and other officers (3)
- Board memberAlexander Hansson Apr 9, 2026 to now15
- Board memberHerbjorn Hansson Apr 9, 2026 to now13
- Board memberJenny Chu Apr 9, 2026 to now16
Former names
- NORDIC AMERICAN TANKER SHIPPING LTDOct 14, 1997 to Jun 29, 20114
Timeline
- Apr 9, 2026New chief executive Herbjorn Hansson becomes CEO13
Calendar
Coming up
- Nov 27, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported ($0.01) a share, on Nov 28, 2025.17
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
70 filings to the SEC since October 2021: 5 annual reports, 10 insider forms, 5 large holders, 50 other. The latest 20:
- Oct 6, 20264 EDGAR
- Oct 6, 20264 EDGAR
- Sep 28, 20266-K EDGAR
- Aug 27, 20266-K EDGAR
- Jun 25, 20264 EDGAR
- Jun 4, 20264 EDGAR
- Jun 1, 20266-K EDGAR
- May 29, 20264 EDGAR
- Apr 29, 202620-F EDGAR
- Apr 23, 20263 EDGAR
- Apr 9, 20263 EDGAR
- Apr 9, 20263 EDGAR
- Apr 9, 20263 EDGAR
- Mar 24, 20263 EDGAR
- Mar 2, 20266-K EDGAR
- Nov 28, 20256-K EDGAR
- Nov 24, 20256-K EDGAR
- Sep 30, 20256-K EDGAR
- Sep 3, 20256-K EDGAR
- Jun 4, 20256-K EDGAR
The 70 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- DIMENSIONAL FUND ADVISORS LPSC 13G, 1 filing Oct 31, 202418
Members of Congress who traded it
1 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.
| Date | Member | Trade | Amount | Vs S&P since | Filing |
|---|---|---|---|---|---|
| Jun 16, 2022 | Christopher L. Jacobs, House | Buy | $15,001 - $50,000 | +190.5% | Report |
Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).
SEC filer profile
How NORDIC AMERICAN TANKERS Ltd is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARNORDIC AMERICAN TANKERS Ltd1
- CIK0001000177
- Filer statusLarge accelerated filer not an emerging growth company; not a shell company5
- Incorporated inD05
- Fiscal year endsDecember 311
- Industry code (SIC)4400 Water Transportation1
- SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
- Business addressSwan Building, 26 Victoria Street, Hamilton Hm12, D0 000001
- Phone(441) 292-72021
- Shares outstanding211,750,663 shares as of Dec 31, 20255
- AuditorKPMG AS, Oslo, Norway PCAOB ID 1363; it also attests to the company’s internal control over financial reporting5
- On EDGAR sinceAug 12, 19971
- Filings590 in all: 6-K (332), CORRESP (31), UPLOAD (31), 20-F (29), 424B2 (29), SC 13D/A (15), SC 13G/A (15), FWP (13)1
All 30 form types
SC 13G (13), 20-F/A (8), F-3 (7), F-3ASR (6), 3 (5), 4 (5), 424B5 (5), EFFECT (5), SC 13D (5), 6-K/A (4), F-3/A (4), SC 13E4/A (4), 144 (3), 144/A (3), 424B3 (3), 8-A12B (3), POSASR (3), ARS (2), CERTNYS (2), DEL AM (2), NT 20-F (2), SC 13E4 (1)
- Latest filingsAnnual report (20-F) Apr 29, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Shares, $0.01 par value | NAT | New York Stock Exchange |
From the cover page of the 20-F filed Apr 29, 2026 (Section 12(b) of the Exchange Act).5
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2Yahoo FinanceNAT quote
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- 15SEC EDGARAlexander Hansson, Board member
- 16SEC EDGARJenny Chu, Board member
- 17NasdaqNasdaq calendar
- 18