Nordic American Tankers (NAT) Asset Utilization Ratio (2009 - 2026)
Nordic American Tankers' (NAT) quarterly Asset Utilization Ratio came in at 0.51 in Q1 2026, down 15.82% year-on-year from 0.6 in Q1 2025, and up 11.07% quarter-over-quarter from 0.46 in Q4 2025.
Nordic American Tankers (NAT) Asset Utilization Ratio (2009 - 2026) Analysis & Trends
Nordic American Tankers' Asset Utilization Ratio history runs 18 years deep, the most recent figure standing at 0.51 for Q1 2026.
- On a quarterly basis, Asset Utilization Ratio fell 15.82% year-over-year to 0.51 in Q1 2026; TTM through Mar 2026 was 0.51, a 15.82% decrease from a year earlier, with the FY2025 full-year figure at 0.21, down 48.5% from the prior year.
- Asset Utilization Ratio advanced to 0.51 in Q1 2026 per NAT's latest filing, from 0.46 in the prior quarter.
- Across five years, Asset Utilization Ratio topped out at 82.91 in Q3 2023 and bottomed at 0.14 in Q3 2022.
- The 5-year median for Asset Utilization Ratio is 0.51 (2026), against an average of 22.08.
- Across the five-year window, Asset Utilization Ratio surged 73583.0% in 2022 and slumped 99.82% in 2024, its largest moves.
- Year by year, Asset Utilization Ratio stood at 80.82 in 2022, then sank by 99.78% to 0.18 in 2023, then soared by 253.03% to 0.64 in 2024, then decreased by 28.63% to 0.46 in 2025, then gained by 11.07% to 0.51 in 2026.
- Per Business Quant, the three latest NAT Asset Utilization Ratio figures stand at 0.51 (Q1 2026), 0.46 (Q4 2025), and 0.5 (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | DHT Holdings | 2,706.13 Bn | 2,706.00 Bn | 167.16 Mn | 0.33 |
| 2 | Flex LNG | 1,674.16 Bn | 1,673.77 Bn | 61.79 Mn | 0.13 |
| 3 | Kinder Morgan | 112.74 Bn | 113.82 Bn | 3.07 Bn | 0.24 |
| 4 | Enbridge | 89.82 Bn | 89.03 Bn | 6.70 Bn | 0.31 |
| 5 | Enterprise Products Partners | 83.97 Bn | 82.82 Bn | - | 0.65 |
| 6 | Tc Energy | 72.76 Bn | 73.95 Bn | 1.36 Bn | - |
| 7 | Energy Transfer | 70.27 Bn | 69.30 Bn | 6.62 Bn | 0.49 |
| 8 | Targa Resources | 61.30 Bn | 61.34 Bn | 1.70 Bn | 0.63 |
| 9 | Oneok | 61.15 Bn | 61.02 Bn | 8.98 Bn | 0.52 |
| 10 | Nordic American Tankers | 1.36 Bn | 1.28 Bn | 48.56 Mn | 0.51 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.51 |
| Dec 31, 2025 | 0.46 |
| Sep 30, 2025 | 0.50 |
| Jun 30, 2025 | 0.53 |
| Mar 31, 2025 | 0.60 |
| Dec 31, 2024 | 0.64 |
| Sep 30, 2024 | 0.21 |
| Jun 30, 2024 | 0.15 |
| Mar 31, 2024 | 0.15 |
| Dec 31, 2023 | 0.18 |
| Sep 30, 2023 | 82.91 |
| Jun 30, 2023 | 81.70 |
| Mar 31, 2023 | 81.78 |
| Dec 31, 2022 | 80.82 |
| Sep 30, 2022 | 0.14 |
| Dec 31, 2021 | 0.11 |
| Sep 30, 2021 | 0.08 |
| Jun 30, 2021 | 0.11 |
| Mar 31, 2021 | 0.22 |
| Dec 31, 2020 | 0.25 |