Nordic American Tanker (NAT)

NYSE: NAT · Water Transportation · Hamilton Hm12, BM · filing with the SEC since 1997

Grade3.6

◀ Past 3.9● Present 3.5▶ Future 3.4

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

Income statement, as filed

In thousands of US dollars (USD), as filed; per-share figures in US dollars; share counts. The fiscal year ends in December.

Income statement, by fiscal year, newest first
Fiscal year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Report filed	Apr 29, 2026	Apr 29, 2025	Apr 29, 2024	Apr 27, 2023	May 11, 2022	Apr 29, 2021	Apr 16, 2020	Apr 16, 2019	May 15, 2018	May 1, 2017
Revenue	291,690	349,742	391,687	339,340	191,075	354,619	317,220	289,016	297,141	357,451
For lenders
Provision for credit losses	406,103	195	88	130	75^r	25,000	0	·	·	·
Cost of revenue	109,880	124,646	129,507	170,515	128,263	121,089	141,770	165,012	142,465	125,987
General and administrative	28,143	28,825	22,890	18,798	15,620	17,586	13,481	12,727	12,575	12,296
Total costs and expenses	66,938	62,809	60,003	63,430	67,676	66,883	66,033	80,411	87,663	80,266
Operating income	46,345	77,311	127,890	41,867	-144,463	81,227	31,971	-38,616	-175,690	53,341
Interest expense	35,752	30,739	30,498	27,055	26,380	31,481	38,390	34,549	20,464	11,170
Interest and investment income	1,608	731	1,302	266^r	3	96	298	334	347	215
Share of profit of equity-method investments	·	·	·	·	·	0	0	-7,667	-8,435	-46,642^r
Other income (expense), net	118	-670	137	46^r	-429	255	-4,160	-14,729	-644	-98
Total non-operating income (expense)	-34,026	-30,678	-29,059	-26,743	-26,806	-31,130	-42,252	-48,944	-20,761	-11,053
Income before income taxes	12,319	46,633	98,831	15,124	-171,269	50,097	-10,281	-87,560	-196,451	42,288
Income tax expense	48	-10	120	23	59	64	71	79	83	102
Net income	12,271	46,643	98,711	15,101	-171,328	50,033	-10,352	-95,306	-204,969	-4,456
Earnings per share, basic	0.06	0.22	0.47	0.07	-1.05	0.34	-0.07	-0.67	-1.97	-0.05
Earnings per share, diluted	0.06	0.22	0.47	0.07	-1.05	0.34	-0.07	-0.67	-1.97	-0.05
Earnings per share, basic and diluted	·	·	·	·	·	·	-0.07	-0.67	-1.97	-0.05
Weighted average shares, basic	211,750,663	209,227,286	208,796,444	202,032,942	162,549,611	149,292,586	142,571,361	141,969,666	103,832,680	92,531,001
Weighted average shares, diluted	211,750,663	209,898,006	208,811,300	202,032,942	162,549,611	149,292,586	142,571,361	141,969,666	103,832,680	92,531,001
Weighted average shares, basic and diluted	·	·	·	·	·	·	142,571,361	141,969,666	103,832,680	92,531,001

As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. ^r restated by the company in a later report; ^b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.

What each line is, and the XBRL concept behind it

Revenue what customers paid for what it soldus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax

Provision for credit losses set aside for loans that may not be repaidus-gaap:ProvisionForLoanLeaseAndOtherLosses

Cost of revenue what it cost to make or buy what it sold

us-gaap:CostOfGoodsAndServicesSold
us-gaap:CostOfServices

General and administrative the cost of running the company itselfus-gaap:GeneralAndAdministrativeExpense

Total costs and expenses every operating cost, the cost of revenue includedus-gaap:OperatingCostsAndExpenses

Operating income profit from running the business, before interest and taxus-gaap:OperatingIncomeLoss

Interest expense what its borrowing cost

us-gaap:InterestExpenseNonoperating
us-gaap:InterestExpense

Interest and investment income what its cash and investments earnedus-gaap:InvestmentIncomeInterest

Share of profit of equity-method investments its share of companies it partly ownsus-gaap:IncomeLossFromEquityMethodInvestments

Other income (expense), net gains and costs outside the businessus-gaap:OtherNonoperatingIncomeExpense

Total non-operating income (expense) everything outside the business, togetherus-gaap:NonoperatingIncomeExpense

Income before income taxes profit before taxus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest

Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit

Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss

Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic

Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted

Earnings per share, basic and diluted net income per share, where both counts are the sameus-gaap:EarningsPerShareBasicAndDiluted

Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic

Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

Weighted average shares, basic and diluted the average count, where both counts are the sameus-gaap:WeightedAverageNumberOfShareOutstandingBasicAndDiluted

SI Assistanton NAT · research, not advice