Nordic American Tankers (NAT) Interest Expenses (2009 - 2026)
Nordic American Tankers' (NAT) quarterly Interest Expenses came in at -$8.6 million in Q1 2026, down 16.82% year-on-year from -$10.3 million in Q1 2025, and up 7.88% quarter-over-quarter from -$9.3 million in Q4 2025.
Nordic American Tankers (NAT) Interest Expenses (2009 - 2026) Analysis & Trends
Nordic American Tankers' Interest Expenses history runs 18 years deep, the most recent figure standing at -$8.6 million for Q1 2026.
- On a quarterly basis, Interest Expenses fell 16.82% year-over-year to -$8.6 million in Q1 2026; TTM through Mar 2026 was -$37.0 million, a 23.11% decrease from a year earlier, with the FY2025 full-year figure at -$35.8 million, down 216.31% from the prior year.
- Interest Expenses advanced to -$8.6 million in Q1 2026 per NAT's latest filing, from -$9.3 million in the prior quarter.
- Across five years, Interest Expenses topped out at -$7556.0 in Q3 2023 and bottomed at -$9.8 million in Q3 2025.
- The 5-year median for Interest Expenses is -$7.7 million (2023), against an average of -$6.9 million.
- Across the five-year window, Interest Expenses jumped 99.9% in 2023 and slumped 102149.87% in 2024, its largest moves.
- Year by year, Interest Expenses stood at -$8046.0 in 2022, then slumped by 89435.17% to -$7.2 million in 2023, then gained by 1.49% to -$7.1 million in 2024, then tumbled by 31.49% to -$9.3 million in 2025, then grew by 7.88% to -$8.6 million in 2026.
- Per Business Quant, the three latest NAT Interest Expenses figures stand at -$8.6 million (Q1 2026), -$9.3 million (Q4 2025), and -$9.8 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | DHT Holdings | 2,706.13 Bn | 2,706.00 Bn | 167.16 Mn | 5.65 Mn |
| 2 | Flex LNG | 1,674.16 Bn | 1,673.77 Bn | 61.79 Mn | -20.11 Mn |
| 3 | Kinder Morgan | 112.74 Bn | 113.82 Bn | 3.07 Bn | 256.00 Mn |
| 4 | Enbridge | 89.82 Bn | 89.03 Bn | 6.70 Bn | 891.09 Mn |
| 5 | Enterprise Products Partners | 83.97 Bn | 82.82 Bn | - | 659.00 Mn |
| 6 | Tc Energy | 72.76 Bn | 73.95 Bn | 1.36 Bn | 626.02 Mn |
| 7 | Energy Transfer | 70.27 Bn | 69.30 Bn | 6.62 Bn | 947.00 Mn |
| 8 | Targa Resources | 61.30 Bn | 61.34 Bn | 1.70 Bn | 384.00 Mn |
| 9 | Oneok | 61.15 Bn | 61.02 Bn | 8.98 Bn | 439.00 Mn |
| 10 | Nordic American Tankers | 1.36 Bn | 1.28 Bn | 48.56 Mn | -8.60 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -8.60 Mn |
| Mar 31, 2026 | -8.60 Mn |
| Dec 31, 2025 | -9.33 Mn |
| Dec 31, 2025 | -9.33 Mn |
| Sep 30, 2025 | -9.82 Mn |
| Sep 30, 2025 | -9.82 Mn |
| Jun 30, 2025 | -9.24 Mn |
| Jun 30, 2025 | -9.24 Mn |
| Mar 31, 2025 | -7.36 Mn |
| Mar 31, 2025 | -7.36 Mn |
| Dec 31, 2024 | -7.10 Mn |
| Dec 31, 2024 | -7.10 Mn |
| Sep 30, 2024 | -7.73 Mn |
| Sep 30, 2024 | -7.73 Mn |
| Jun 30, 2024 | -7.87 Mn |
| Jun 30, 2024 | -7.87 Mn |
| Mar 31, 2024 | -8.05 Mn |
| Mar 31, 2024 | -8.05 Mn |
| Dec 31, 2023 | -7.20 Mn |
| Dec 31, 2023 | -7.20 Mn |