The financials
Nordic American Tankers Limited by the numbers
Nordic American Tankers Limited (NAT) reported revenue of $157M in H2 2024 (quarter ended December 31, 2024), down 27% from the same quarter a year earlier. That came with a gross margin of 63% and net income of $10.0M (6.4% of revenue). For the full year FY2025, revenue was $292M (−17% year on year) and net income $12M.
| Income statement | H2 2024 | H2 2022 | Change |
|---|---|---|---|
| Revenue | $157M | $215M | −27% |
| Gross profit | $98M | $119M | −17% |
| Operating income | $25M | $61M | −59% |
| Net income | $10.0M | $46M | −78% |
| Diluted EPS | $0.05 | $0.23 | −78% |
Oil & Gas Midstream
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