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
DateValue
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