Nordic American Tankers Limited
NATEnergyNASDAQOil & Gas Midstream · Last scanned Jun 3, 2026
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Daily timeframeHeadquartered within the energy sector, Nordic American Tankers Limited focuses on Oil & Gas Midstream services and products. Nordic American Tankers Limited, a tanker company, owns, operates, and charters double-hull tankers in Bermuda and internationally. The $1.11B market capitalization puts NAT squarely in small-cap range for its industry. As of December 31, 2025, the company fleet consisted of 20 Suezmax crude oil tankers.
Market Cap
$1.11B
Beta
-0.52
P/E (TTM)
20.15
P/E (Fwd)
17.76
EPS (TTM)
$0.26
EPS (Fwd)
$0.29
ROE
11.4%
ROA
4.8%
Cash
$81.1M
Total Debt
$415.4M
Free CF
-$98.5M
52W Change
88.5%
Annual Financials
Cash vs Debt
On the balance sheet, NAT has $81.1M in cash with $415.4M in obligations. The ability to service this debt comfortably depends on continued operational cash generation. The company is burning cash, with free cash flow at -$98.5M. This typically occurs when a company is investing aggressively in growth, but sustained cash burn can strain the balance sheet. ROE of 11.4% points to decent capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. ROA of 4.8% is on the lower side, which is common in asset-heavy industries. Revenue has pulled back from $339.3M (2022) to $291.7M (2025), a 14% decline worth watching.
With a beta below 0.7, Nordic American Tankers Limited typically sees smaller price swings than the overall market, offering a degree of stability during turbulent periods. Debt significantly exceeds cash reserves, which means the company's financial flexibility could be constrained during economic downturns. Negative free cash flow means the company is currently spending more than it generates, which may require future fundraising or debt if the trend continues. Understanding these risk dimensions helps frame what to watch going forward as conditions evolve for Nordic American Tankers Limited and its sector.