# Nordic American (NAT) — Earnings

NAT · NYSE · Stock

Canonical page: https://www.lighthorse.io/tickers/nat/earnings

## Most recent quarter

| Metric | Value |
| --- | --- |
| Fiscal period | Q4 2025 |
| Period end | Dec 31, 2025 |
| EPS actual | $0.06 |
| EPS estimate | $0.14 |
| EPS surprise | −58.13% |
| Revenue surprise | −22.10% |
| Revenue | $58.8M |
| Revenue estimate | $75.5M |
| Reported | Mar 2, 2026 |
| SEC filing | [View filing](https://www.sec.gov:443/Archives/edgar/data/1000177/000091957426001450/d12110853_6k.htm) |

Nordic American Tankers' latest results in the table are for Q4 2025, reported March 2, 2026. Earnings per share were $0.06, below the $0.14 estimate by 58.13%. Revenue of $58.8 million missed the $75.5 million consensus by 22.10%. Compared with Q4 2024, EPS rose from $0.01 and revenue rose about 27% from $46.4 million.

The company lost money in every quarter of 2021, for a total loss of $0.73 per share. Annual EPS then rose to $0.06 in 2022 and peaked at $0.47 in 2023, before falling to $0.22 in 2024 and $0.07 in 2025. Annual revenue moved the same way: $67.4 million in 2021, $262.2 million in 2023 and $182.6 million in 2025. Q1 2023 holds both highs in the table, $0.22 per share on $87.1 million. The surprise was negative in 14 of the 20 quarters shown. One row, Q3 2021, has no valid report date in the source.

The table holds no 2026 quarter yet. In past years, Q1 results came between May 22 and June 6, and Q2 results between August 28 and September 3. The next figures will show whether the revenue gains of late 2025 continued.

## Earnings history

| Fiscal period | Report date | EPS estimate | EPS actual | Surprise | Revenue estimate | Revenue actual |
| --- | --- | --- | --- | --- | --- | --- |
| Q4 2025 | Mar 2, 2026 | $0.14 | $0.06 | -58.13% | $75.5M | $58.8M |
| Q3 2025 | Nov 28, 2025 | $0.03 | −$0.01 | -135.71% | $54.1M | $45.7M |
| Q2 2025 | Sep 3, 2025 | −$0.01 | $0.00 | 100.00% | $40.2M | $40.2M |
| Q1 2025 | Jun 4, 2025 | $0.01 | $0.02 | 300.00% | $43.9M | $37.9M |
| Q4 2024 | Mar 5, 2025 | $0.04 | $0.01 | -76.47% | $52.5M | $46.4M |
| Q3 2024 | Dec 2, 2024 | $0.06 | $0.04 | -33.33% | $58.4M | $52.0M |
| Q2 2024 | Sep 3, 2024 | $0.10 | $0.10 | -2.44% | $66.5M | $66.1M |
| Q1 2024 | May 30, 2024 | $0.10 | $0.07 | -28.64% | $63.2M | $60.6M |
| Q4 2023 | Mar 1, 2024 | $0.12 | $0.08 | -35.33% | $67.7M | $59.3M |
| Q3 2023 | Nov 30, 2023 | $0.04 | $0.04 | 12.99% | $47.5M | $48.0M |
| Q2 2023 | Aug 28, 2023 | $0.13 | $0.13 | -3.49% | $67.2M | $67.8M |
| Q1 2023 | May 22, 2023 | $0.21 | $0.22 | 6.23% | $82.6M | $87.1M |
| Q4 2022 | Feb 27, 2023 | $0.19 | $0.17 | -12.78% | $78.4M | $71.1M |
| Q3 2022 | Dec 2, 2022 | $0.06 | $0.05 | -10.55% | $48.7M | $47.4M |
| Q2 2022 | Sep 1, 2022 | −$0.03 | −$0.02 | 41.18% | $32.7M | $34.8M |
| Q1 2022 | Jun 6, 2022 | −$0.12 | −$0.14 | -21.32% | $21.1M | $15.5M |
| Q4 2021 | Feb 28, 2022 | −$0.12 | −$0.12 | -3.18% | $26.4M | $22.6M |
| Q3 2021 | Invalid Date | −$0.18 | −$0.27 | -52.89% | $16.0M | $9.3M |
| Q2 2021 | Aug 31, 2021 | −$0.17 | −$0.18 | -5.57% | $19.6M | $16.7M |
| Q1 2021 | May 26, 2021 | −$0.17 | −$0.16 | 6.98% | $19.1M | $18.8M |

## Frequently Asked Questions

### When did Nordic American (NAT) last report earnings?

Nordic American last reported on Mar 2, 2026, covering fiscal Q4 2025.

### Did NAT beat earnings estimates?

No. Nordic American reported EPS of $0.06 for Q4 2025 against a $0.14 estimate — a 58.13% miss.

### How much revenue did NAT report last quarter?

Nordic American reported $58.8M in revenue for Q4 2025, against a consensus estimate of $75.5M.

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Earnings figures may be restated, revised or corrected by the issuer. Past results do not indicate future performance.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).