DHT Holdings Full Year 2023 Earnings: In Line With Expectations
DHT Holdings (NYSE:DHT) Full Year 2023 Results
Key Financial Results
Revenue: US$560.6m (up 18% from FY 2022).
Net income: US$161.4m (up 162% from FY 2022).
Profit margin: 29% (up from 13% in FY 2022). The increase in margin was primarily driven by higher revenue.
EPS: US$0.99 (up from US$0.37 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
DHT Holdings Meets Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.
Looking ahead, revenue is forecast to decline by 2.2% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the US are expected to remain flat.
Performance of the American Oil and Gas industry.
The company's shares are up 1.4% from a week ago.
Risk Analysis
Be aware that DHT Holdings is showing 1 warning sign in our investment analysis that you should know about...
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