Nordic American Tankers reported a second-quarter net profit of $68.3 million, or $0.32 per share, driven by strong tanker rates and asset sales. The company declared a quarterly cash dividend of $0.27 per share, payable September 24, 2026, to shareholders of record on September 10, 2026. This marks the 116th consecutive quarterly dividend since listing in 1996. Cash reserves rose to $175 million as operating costs remained below $10,000 per day against spot rates of $60,000–$90,000. The firm successfully navigated three vessels through the Strait of Hormuz and sold one older tanker for $26 million. Nordic American Tankers operates in the maritime shipping industry, specifically transporting crude oil using a fleet of Suezmax tankers.