Nordic American Tankers' stock surged 13.61% in pre-market trading, driven by the release of its fourth-quarter 2025 financial results and a significant new contract announcement.
The company reported net income of approximately US$11.7 million and earnings of US$0.06 per share for the quarter. It also declared its 114th consecutive quarterly dividend, reinforcing its commitment to shareholder returns.
Investor sentiment was further boosted by the company securing a one-year fixed contract with a major oil company at a rate exceeding US$50,000 per day. Additionally, Nordic American Tankers has pre-booked much of its early 2026 spot exposure at around US$55,000 per day, providing enhanced revenue visibility and addressing near-term concerns about earnings and dividend coverage.
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