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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |