Nordic American Tankers (NAT) Revenue & Revenue Breakdown

Overview ForecastOwnership Financials Chart

Nordic American Tankers Revenue Highlights

Latest Revenue (Y)

$262.18M

Latest Revenue (Q)

$95.29M

Main Segment (Y)

Spot Charter

Nordic American Tankers Revenue by Period

Nordic American Tankers Revenue by Year

Date	Revenue	Change
2023-12-31	$262.18M	-22.74%
2022-12-31	$339.34M	73.35%
2021-12-31	$195.76M	-44.80%
2020-12-31	$354.62M	11.79%
2019-12-31	$317.22M	9.76%
2018-12-31	$289.02M	-2.73%
2017-12-31	$297.14M	-16.87%
2016-12-31	$357.45M	-19.81%
2015-12-31	$445.74M	26.97%
2014-12-31	$351.05M	44.08%
2013-12-31	$243.66M	164.81%
2012-12-31	$92.01M	15.21%
2011-12-31	$79.87M	-36.82%
2010-12-31	$126.42M	9.54%
2009-12-31	$115.41M	-47.05%
2008-12-31	$217.95M	16.56%
2007-12-31	$186.99M	6.53%
2006-12-31	$175.52M	49.88%
2005-12-31	$117.11M	73.62%
2004-12-31	$67.45M	80.49%
2003-12-31	$37.37M	106.95%
2002-12-31	$18.06M	-36.32%
2001-12-31	$28.36M	-22.47%
2000-12-31	$36.58M	147.44%
1999-12-31	$14.78M	-7.65%
1998-12-31	$16.01M	203.96%
1997-12-31	$5.27M	-

Nordic American Tankers generated $262.18M in revenue during NA 2023, up -22.74% compared to the previous quarter, and up 90.71% compared to the same period a year ago.

Nordic American Tankers Revenue by Quarter

Date	Revenue	Change
2024-03-31	$95.29M	60.81%
2023-12-31	$59.25M	23.35%
2023-09-30	$48.04M	-29.15%
2023-06-30	$67.80M	-22.16%
2023-03-31	$87.09M	-20.97%
2022-12-31	$110.21M	132.59%
2022-09-30	$47.38M	36.35%
2022-06-30	$34.75M	123.89%
2022-03-31	$15.52M	-71.80%
2021-12-31	$55.04M	490.97%
2021-09-30	$9.31M	-44.39%
2021-06-30	$16.75M	-65.11%
2021-03-31	$48.00M	9.48%
2020-12-31	$43.84M	-21.77%
2020-09-30	$56.04M	-54.28%
2020-06-30	$122.59M	-7.23%
2020-03-31	$132.15M	38.53%
2019-12-31	$95.39M	41.56%
2019-09-30	$67.38M	1.85%
2019-06-30	$66.16M	-25.06%
2019-03-31	$88.28M	2.35%
2018-12-31	$86.26M	37.51%
2018-09-30	$62.73M	-14.58%
2018-06-30	$73.44M	10.27%
2018-03-31	$66.59M	-8.25%
2017-12-31	$72.58M	30.50%
2017-09-30	$55.62M	-25.24%
2017-06-30	$74.40M	-21.30%
2017-03-31	$94.54M	4.55%
2016-12-31	$90.42M	26.10%
2016-09-30	$71.71M	-19.03%
2016-06-30	$88.56M	-17.04%
2016-03-31	$106.75M	-6.81%
2015-12-31	$114.56M	12.44%
2015-09-30	$101.88M	-12.42%
2015-06-30	$116.33M	2.98%
2015-03-31	$112.96M	18.54%
2014-12-31	$95.29M	132.94%
2014-09-30	$40.91M	-38.14%
2014-06-30	$66.13M	-30.15%
2014-03-31	$94.68M	44.71%
2013-12-31	$65.43M	190.64%
2013-09-30	$22.51M	-76.31%
2013-06-30	$95.05M	450.51%
2013-03-31	$17.27M	-1.50%
2012-12-31	$17.53M	13.37%
2012-09-30	$15.46M	-45.84%
2012-06-30	$28.55M	-6.33%
2012-03-31	$30.48M	-10.83%
2011-12-31	$34.18M	203.98%
2011-09-30	$11.24M	-52.83%
2011-06-30	$23.84M	-6.64%
2011-03-31	$25.53M	24.75%
2010-12-31	$20.46M	-19.87%
2010-09-30	$25.54M	-33.92%
2010-06-30	$38.65M	-7.46%
2010-03-31	$41.76M	55.57%
2009-12-31	$26.84M	51.31%
2009-09-30	$17.74M	-40.35%
2009-06-30	$29.75M	-34.11%
2009-03-31	$45.15M	-10.71%
2008-12-31	$50.56M	-24.89%
2008-09-30	$67.32M	6.43%
2008-06-30	$63.25M	22.28%
2008-03-31	$51.73M	-30.08%
2007-12-31	$73.98M	-

Nordic American Tankers generated $95.29M in revenue during Q1 2024, up 60.81% compared to the previous quarter, and up 86.46% compared to the same period a year ago.

Nordic American Tankers Revenue Breakdown

Nordic American Tankers Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
Time Charter	$45.28M	$42.53M	$20.83M	$80.40M	$34.21M
Spot Charter	$346.41M	$296.81M	$170.24M	$274.22M	$283.01M

Nordic American Tankers's latest annual revenue breakdown by segment (product or service), as of Dec 23: Spot Charter (88.44%), and Time Charter (11.56%).

Quarterly Revenue by Product

Product/Service	Dec 22	Jun 22	Jun 21	Jun 20	Jun 19
Time Charter	$18.52M	$24.01M	$8.38M	$48.49M	$15.57M
Spot Charter	$196.64M	$100.17M	$92.01M	$206.24M	$138.87M

Nordic American Tankers's latest quarterly revenue breakdown by segment (product or service), as of Dec 22: Spot Charter (91.39%), and Time Charter (8.61%).

Nordic American Tankers Revenue Breakdown by Country

Quarterly Revenue by Country

Country	Jun 22	Jun 21	Jun 20	Jun 19
Time Charter	$24.01M	$8.38M	$48.49M	$15.57M
Spot Charter	$100.17M	$92.01M	$206.24M	$138.87M

Nordic American Tankers's latest quarterly revenue breakdown by geography, as of Jun 22: Spot Charter (80.67%), and Time Charter (19.33%).

Nordic American Tankers Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
GNK	Genco Shipping & Trading	$383.82B	$99.33B
CMRE	Costamare	$1.51B	$475.43M
DAC	Danaos	$952.38M	$249.95M
SBLK	Star Bulk Carriers	$949.27M	$259.39M
GOGL	Golden Ocean Group	$885.77M	$246.74M
GSL	Global Ship Lease	$674.79M	$179.56M
NAT	Nordic American Tankers	$262.18M	$95.29M
DSX	Diana Shipping	$262.10M	$57.65M
ESEA	Euroseas	$189.36M	$46.72M
OP	OceanPal	$18.96M	$5.69M

NAT Revenue FAQ

What is Nordic American Tankers’s yearly revenue?

Nordic American Tankers's yearly revenue for 2023 was $262.18M, representing a decrease of -22.74% compared to 2022. The company's yearly revenue for 2022 was $339.34M, representing an increase of 73.35% compared to 2021. NAT's yearly revenue for 2021 was $195.76M, representing a decrease of -44.80% compared to 2020.

What is Nordic American Tankers’s quarterly revenue?

Nordic American Tankers's quarterly revenue for Q1 2024 was $95.29M, a 60.81% increase from the previous quarter (Q4 2023), and a 9.41% increase year-over-year (Q1 2023). The company's quarterly revenue for Q4 2023 was $59.25M, a 23.35% increase from the previous quarter (Q3 2023), and a -46.23% decrease year-over-year (Q4 2022). NAT's quarterly revenue for Q3 2023 was $48.04M, a -29.15% decrease from the previous quarter (Q2 2023), and a 1.38% increase year-over-year (Q3 2022).

What is Nordic American Tankers’s revenue growth rate?

Nordic American Tankers's revenue growth rate for the last 3 years (2021-2023) was 33.93%, and for the last 5 years (2019-2023) was -17.35%.

What are Nordic American Tankers’s revenue streams?

Nordic American Tankers's revenue streams in c 23 are Time Charter, and Spot Charter. Time Charter generated $45.28M in revenue, accounting 11.56% of the company's total revenue, up 6.46% year-over-year. Spot Charter generated $346.41M in revenue, accounting 88.44% of the company's total revenue, up 16.71% year-over-year.

What is Nordic American Tankers’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of Nordic American Tankers was Spot Charter. This segment made a revenue of $346.41M, representing 88.44% of the company's total revenue.