DHT Holdings Inc. shares reached a 52-week high of $20.57 on Tuesday, extending a nearly 99% gain over the past 12 months. The surge follows the tanker operator’s second-quarter 2026 results, which exceeded analyst projections across key metrics.
The company reported earnings per share of $1.23, topping Wall Street’s consensus estimate of $1.10. Revenue totaled $284.8 million, above the $232.54 million forecast, while net income came in at $198.3 million. Adjusted EBITDA was reported at $231 million. DHT described the quarter as the strongest in its history, attributing the performance to elevated charter rates and persistently tight market conditions.
Shares remain below InvestingPro’s fair-value estimate despite the recent advance. The stock’s 52-week high marks a significant milestone amid broader strength in the tanker shipping segment.
