Nordic American Tankers NAT
NYSE NAT
$7.24 +0.13 (+1.83%)
At close: Sep 4, 2026 · 4:00 PM EDT

Nordic American Tankers (NAT) Operating Expenses (2009 - 2026)

Nordic American Tankers (NAT) posted Operating Expenses of -$15.7 million for Q2 2026, up 0.89% on a QoQ basis from -$15.9 million in Q1 2026, and up 14.37% year-over-year from -$13.8 million in Q2 2025.

Analysis

Nordic American Tankers (NAT) Operating Expenses (2009 - 2026) Analysis & Trends

Nordic American Tankers has reported Operating Expenses for 18 years, with the latest figure at -$15.7 million in Q2 2026.

  • On a quarterly basis, Operating Expenses rose 14.37% year-over-year to -$15.7 million in Q2 2026; TTM through Jun 2026 was -$63.7 million, a 2.58% increase from a year earlier, with the FY2025 full-year figure at -$66.9 million, down 6.57% from the prior year.
  • Operating Expenses was -$15.7 million for Q2 2026 at Nordic American Tankers, up from -$15.9 million in the prior quarter.
  • The five-year high for Operating Expenses was -$14.0 million in Q1 2023, with the low at -$18.4 million in Q2 2025.
  • Average Operating Expenses over 5 years is -$15.8 million, with a median of -$15.8 million recorded in 2024.
  • The sharpest annual moves came in 2023 and 2024: Operating Expenses gained 16.29% in 2023, then slipped 11.21% in 2024.
  • Over 5 years, Operating Expenses stood at -$15.2 million in 2022, then retreated by 1.98% to -$15.5 million in 2023, then advanced by 5.23% to -$14.7 million in 2024, then fell by 5.49% to -$15.5 million in 2025, then decreased by 1.41% to -$15.7 million in 2026.
  • The last three Operating Expenses figures came in at -$15.7 million (Q2 2026), -$15.9 million (Q1 2026), and -$15.5 million (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Frontline 10.27 Bn 9.94 Bn - 347.18 Mn
2 Kirby 7.43 Bn 7.39 Bn 290.80 Mn 800.04 Mn
3 Matson 6.74 Bn 6.62 Bn - 810.50 Mn
4 International Seaways 5.17 Bn 5.17 Bn 467.16 Mn 168.38 Mn
5 Hafnia 4.59 Bn 4.31 Bn 372.91 Mn -47.20 Mn
6 Cmb.Tech 4.47 Bn 4.31 Bn 970.62 Mn -783.93 Mn
7 Scorpio Tankers 4.26 Bn 2.42 Bn 343.91 Mn -10.41 Mn
8 Star Bulk Carriers 3.68 Bn 3.11 Bn 299.80 Mn 202.38 Mn
9 Torm 3.56 Bn -626.52 Mn 652.00 Mn -72.60 Mn
10 Nordic American Tankers 1.53 Bn 1.40 Bn 53.91 Mn -15.73 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 -15.73 Mn
Mar 31, 2026 -15.88 Mn
Dec 31, 2025 -15.52 Mn
Sep 30, 2025 -16.54 Mn
Jun 30, 2025 -18.38 Mn
Mar 31, 2025 -16.50 Mn
Dec 31, 2024 -14.71 Mn
Sep 30, 2024 -15.77 Mn
Jun 30, 2024 -16.81 Mn
Mar 31, 2024 -15.52 Mn
Dec 31, 2023 -15.52 Mn
Sep 30, 2023 -14.61 Mn
Jun 30, 2023 -15.92 Mn
Mar 31, 2023 -13.96 Mn
Dec 31, 2022 -15.22 Mn
Sep 30, 2022 -14.83 Mn
Jun 30, 2022 -16.71 Mn
Mar 31, 2022 -16.67 Mn
Dec 31, 2021 -16.24 Mn
Sep 30, 2021 -17.39 Mn