DHT
EnergyDHT Holdings, Inc. · Oil & Gas Midstream · $3B
What is DHT Holdings, Inc.?
DHT Holdings, Inc. is a Bermuda-based shipping company focused exclusively on the crude oil tanker market. Operating through subsidiaries across Monaco, Singapore, and Norway, DHT runs one of the more focused fleets in the tanker sector.
DHT generates revenue by transporting crude oil across global shipping lanes using a fleet of very large crude carriers, commonly known as VLCCs. These vessels are among the largest tankers in the world, capable of carrying enormous volumes of crude oil per voyage. The company earns income through spot market voyages and time charters, with rates that fluctuate based on global oil demand, trade flows, and fleet supply dynamics.
DHT Holdings was incorporated in 2005 and is headquartered in Hamilton, Bermuda.
- Very large crude carrier (VLCC) fleet operations
- Spot market crude oil transportation
- Time charter agreements with oil majors and traders
- Fleet management across Monaco, Singapore, and Norway
Is DHT a Good Stock to Buy?
UQS Score rates DHT as Good overall, reflecting a balanced profile with notable strengths and a meaningful area of concern.
DHT's Risk pillar stands out as a clear positive — the company carries a profile that suggests financial resilience relative to many shipping peers. Its Quality and Valuation pillars both register as Good, indicating the business generates reasonable returns and the stock does not appear excessively priced relative to its fundamentals.
The Moat pillar is rated Weak, which is common in the tanker industry where vessels are largely commoditized and pricing power depends heavily on market conditions rather than durable competitive advantages.
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Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does DHT pay dividends?
Yes — DHT Holdings, Inc. pays a dividend.
DHT Holdings pays a regular dividend, which has historically been a key part of its shareholder return strategy. Tanker companies often distribute a meaningful share of earnings during strong rate environments. DHT's dividend policy reflects its capital-light reinvestment needs and management's commitment to returning cash to shareholders — though payouts can vary with shipping market cycles.
When does DHT report earnings?
DHT Holdings reports earnings on a quarterly cadence, consistent with standard practice for US-listed equities.
DHT's results tend to move with crude tanker rate cycles, which are influenced by global oil demand, OPEC production decisions, and fleet utilization. Periods of elevated rates have historically boosted revenue and dividend capacity, while softer markets compress margins across the tanker sector.
For the most recent quarter's results and guidance, visit DHT Holdings' investor relations page directly.
DHT Price History
+286.1% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in DHT Holdings, Inc.?
Based on DHT Holdings, Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
DHT Long-term Outlook
DHT's Growth pillar is rated Neutral, suggesting the company is not expected to deliver outsized expansion but is also not in structural decline. The strong Risk profile provides a degree of downside cushion, which matters in a cyclical industry prone to rate volatility. The Good Valuation label indicates the stock may offer reasonable entry relative to its earnings power, though the Weak Moat limits long-term pricing confidence.
Growth drivers
- Global crude oil trade volumes and long-haul shipping demand
- Fleet discipline and VLCC supply constraints across the industry
- Shareholder return potential through variable dividend distributions
Key risks
- Tanker rate cyclicality driven by OPEC policy and demand shifts
- Absence of durable competitive moat in a commoditized market
- Geopolitical disruptions affecting global crude trade routes
DHT vs Peers
DHT operates in a competitive shipping and energy logistics landscape alongside companies with varying business models and risk profiles.
Kinetik focuses on midstream natural gas gathering and processing infrastructure, offering a pipeline-oriented model distinct from DHT's ocean-going tanker operations.
TORM specializes in product tankers carrying refined petroleum rather than crude oil, making it a closer but differentiated peer to DHT's VLCC-focused fleet.
Delek Logistics operates domestic pipeline and storage assets tied to refinery supply chains, contrasting with DHT's international seaborne crude transport model.
Frequently Asked Questions
What does DHT Holdings do?
DHT Holdings owns and operates a fleet of very large crude carriers that transport crude oil across major global shipping routes. The company earns revenue through spot market voyages and time charters, with operations managed from offices in Monaco, Singapore, and Norway.
Does DHT pay dividends?
Yes, DHT Holdings pays a regular dividend. The company has historically distributed a significant portion of its earnings to shareholders, though the dividend amount can vary depending on tanker rate conditions and quarterly profitability.
When does DHT report earnings?
DHT Holdings follows a standard quarterly earnings cadence for US-listed companies. For the most current reporting schedule and recent results, check DHT's official investor relations page.
Is DHT a good stock to buy?
UQS Score rates DHT as Good overall. The company shows strength in Risk and reasonable scores in Quality and Valuation, but carries a Weak Moat rating typical of the commoditized tanker industry. Whether it fits your portfolio depends on your risk tolerance and view of the shipping cycle.
Is DHT overvalued?
DHT's Valuation pillar is rated Good, suggesting the stock does not appear excessively priced relative to its fundamentals at the time of scoring. Tanker stocks can reprice quickly with rate cycles, so valuation should be monitored alongside market conditions.
How does DHT compare to its competitors?
DHT is a pure-play VLCC operator, which distinguishes it from peers like TORM, which focuses on product tankers, and midstream infrastructure companies like Kinetik and Delek Logistics. DHT's concentrated fleet strategy offers direct exposure to crude tanker rates without diversification across other energy segments.
What is DHT's market cap bracket?
DHT Holdings is classified as a mid-cap company. This places it in a range that typically offers more liquidity than small-cap peers while remaining smaller than the major integrated energy conglomerates.
Who founded DHT Holdings?
DHT Holdings was incorporated in 2005. Founding and early leadership details are publicly available through the company's official filings and corporate history disclosures on its investor relations site.
Is DHT a long-term quality investment?
As a long-term quality indicator, DHT's Good overall UQS Score reflects a reasonable but not exceptional profile. The Weak Moat rating is a meaningful consideration for long-term holders, as the tanker industry lacks durable pricing power. The strong Risk profile provides some stability, but cyclicality remains a structural feature of the business.
What is the main competitive advantage of DHT Holdings?
DHT's primary advantage lies in its focused VLCC fleet and operational expertise across key maritime hubs. However, the UQS Moat pillar rates this as Weak, reflecting that tanker shipping is largely commoditized and competitive advantages are difficult to sustain over time.
What sector does DHT belong to?
DHT Holdings operates in the Energy sector, specifically within the marine crude oil transportation segment. Its performance is closely tied to global oil demand, trade volumes, and the supply-demand balance of the VLCC fleet market.
Is DHT a growth stock or value stock?
Based on UQS pillar labels, DHT leans toward a value-oriented profile. Its Growth pillar is rated Neutral, indicating limited expansion expectations, while its Valuation pillar is rated Good — suggesting the stock may offer reasonable value relative to current earnings power.
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Pro Analysis
DHT — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 23, 2026 | 55.9 | 70.2 | 19.0 | 43.3 | 75.7 | 90.8 | +0.1 |
| May 22, 2026 | 55.8 | 70.2 | 19.0 | 42.5 | 75.7 | 90.8 | +0.1 |
| May 21, 2026 | 55.7 | 70.2 | 19.0 | 42.4 | 75.7 | 90.6 | -0.1 |
| May 14, 2026 | 55.8 | 70.2 | 19.0 | 42.4 | 75.7 | 91.4 | +0.2 |
| May 12, 2026 | 55.6 | 70.2 | 19.0 | 42.4 | 75.7 | 90.0 | +0.1 |
| May 11, 2026 | 55.5 | 70.2 | 19.0 | 42.4 | 75.7 | 89.2 | -1.6 |
| May 10, 2026 | 57.1 | 76.2 | 19.0 | 42.4 | 75.7 | 89.9 | +1.7 |
| May 7, 2026 | 55.4 | 70.2 | 19.0 | 41.9 | 75.7 | 89.1 | +0.3 |
| May 6, 2026 | 55.1 | 68.0 | 19.0 | 40.1 | 84.0 | 84.6 | +0.9 |
| May 3, 2026 | 54.2 | 68.0 | 19.0 | 37.0 | 84.0 | 83.2 | -0.3 |
DHT — Pillar Breakdown
Quality
— 70.2/100 (25%)DHT Holdings, Inc. shows solid profitability with healthy returns on capital and reasonable margins.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 43.3/100 (20%)DHT Holdings, Inc. shows steady but unspectacular growth, typical for mature companies.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 75.7/100 (15%)DHT Holdings, Inc. carries minimal financial risk with conservative leverage and strong solvency.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 92.1/100 (15%)DHT Holdings, Inc. appears attractively valued relative to its earnings, cash flows, and sector peers.
Inverse of forward P/E — higher yield means cheaper stock.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 19/100 (25%)DHT Holdings, Inc. operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for DHT.
Score Composition
Financial Data
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How is the DHT UQS Score Calculated?
The UQS (Unified Quality Score) for DHT Holdings, Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses DHT Holdings, Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether DHT Holdings, Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.