Nordic American Tankers Files 6-K with Mid-Year Financials

TL;DR

NAT dropped its Q2 2024 financials, showing changes in equity and income vs. last year.

AI Summary

Nordic American Tankers Ltd. (NAT) filed a 6-K report on September 30, 2024, detailing financial information for the period ending June 30, 2024. The filing includes balance sheet data for December 31, 2023, and June 30, 2024, showing changes in common stock, additional paid-in capital, retained earnings, and accumulated other comprehensive income. It also provides income statement data for the six months ended June 30, 2024, and June 30, 2023.

Why It Matters

This filing provides investors with an update on Nordic American Tankers' financial position and performance for the first half of 2024, allowing for assessment of trends and operational health.

Risk Assessment

Risk Level: low — This is a routine financial filing (6-K) providing historical data and does not contain new material events or significant forward-looking statements that would inherently increase risk.

Key Numbers

• 6-K — Form Type (Indicates a report of foreign private issuers regarding information not required to be filed with the SEC.)
• 20240630 — Reporting Period End Date (The financial data presented covers the period up to this date.)
• 20240930 — Filing Date (The date the report was officially submitted to the SEC.)

Key Players & Entities

• NORDIC AMERICAN TANKERS Ltd (company) — Filer of the report
• 20240630 (date) — End of reporting period
• 20240930 (date) — Filing date
• 2023-12-31 (date) — Prior year-end balance sheet date
• 2022-12-31 (date) — Previous year-end balance sheet date

FAQ

Key Financial Figures

• $0.12 — ust 29, 2024, we declared a dividend of $0.12 cent per share in respect of the result
• $54,000 — 2023. Brokers report earnings of about $54,000 per day in 2024 against about $66,000 p
• $66,000 — t $54,000 per day in 2024 against about $66,000 per day in the same period in 2023. Fro
• $27.4 million — onths ended June 30, 2024, decreased by $27.4 million to $193.1 million, or 12.44%, compared
• $193.1 m — 30, 2024, decreased by $27.4 million to $193.1 million, or 12.44%, compared to $220.5 mi
• $220.5 million — $193.1 million, or 12.44%, compared to $220.5 million in the same period ended June 30, 2023,
• $35,079 — the first six months of 2024 came in at $35,079 compared to $45,713 in the same period
• $45,713 — of 2024 came in at $35,079 compared to $45,713 in the same period ended June 30, 2023,
• $0.8 million — June 30, 2024, increased marginally by $0.8 million to $66.4 million, or 1.19%, compared to
• $66.4 m — increased marginally by $0.8 million to $66.4 million, or 1.19%, compared to $65.6 mill
• $65.6 million — to $66.4 million, or 1.19%, compared to $65.6 million in the same period ended June 30, 2023,
• $2.2 m — of a increase in bunker expenditure of $2.2 million, offset by a decrease in port cha
• $1.0 million — offset by a decrease in port charges of $1.0 million and a decrease in commissions of $1.1 m
• $1.1 million — illion and a decrease in commissions of $1.1 million. Operating Expenses in the six months
• $2.4 million — onths ended June 30, 2024, increased by $2.4 million to $32.3 million, or 8.21%, compared to

Filing Documents

• ef20031064_6k.htm (6-K) — 644KB
• image0.jpg (GRAPHIC) — 7KB
• 0001140361-24-042338.txt ( ) — 3222KB
• nat-20240630.xsd (EX-101.SCH) — 27KB
• nat-20240630_cal.xml (EX-101.CAL) — 48KB
• nat-20240630_def.xml (EX-101.DEF) — 81KB
• nat-20240630_lab.xml (EX-101.LAB) — 338KB
• nat-20240630_pre.xml (EX-101.PRE) — 181KB
• ef20031064_6k_htm.xml (XML) — 355KB

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. NORDIC AMERICAN TANKERS LIMITED (registrant) Dated: September 30, 2024 By: /S/ HERBJRN HANSSON Herbjrn Hansson Founder, Chairman and Chief Executive Officer 3 EXHIBIT 1 NORDIC AMERICAN TANKERS LIMITED (NYSE:NAT) As used herein, "we," "us," "our" and "the Company" all refer to Nordic American Tankers Limited, together with its subsidiaries. This management's discussion and analysis of financial condition and results of operations should be read together with the discussion included in the Company's Annual Report on Form 20-F for the fiscal year ended December 31, 2023, filed with the Securities and Exchange Commission on April 29, 2024. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS FOR THE SIX MONTHS ENDED JUNE 30, 2024 GENERAL Nordic American Tankers Limited ("NAT") was formed on June 12, 1995 under the laws of the Islands of Bermuda. The Company's shares trade under the symbol "NAT" on the New York Stock Exchange. The Company is an international tanker company that currently has a fleet of 20 Suezmax tankers of which the vast majority have been built in South Korea. The Company took delivery of the 2016-built Suezmax vessel, Nordic Hawk, in December 2023 and there have been no changes to the fleet in 2024. The vessels in our fleet are homogeneous and have approximately the same freight capacity. We have two vessels currently on longer term time charter agreements. Our Fleet Vessel Built Nordic Apollo 2003 Nordic Pollux 2003 Nordic Luna 2004 Nordic Castor 2004 Nordic Freedom 2005 Nordic Sprinter 2005 Nordic Skier 2005 Nordic Vega 2010 Nordic Light 2010 Nordic Cross 2010 Nordic Breeze 2011 Nordic Zenith 2011 Nordic Hawk 2016 Nordic Star 2016 Nordic Space 2017 Nordic Aquarius 2018

View Full Filing

View this 6-K filing on SEC EDGAR