Euronav NV

EURN

Equity

ISIN BE0003816338 / Valor 1956434

CTA NASDAQ OMX Stock Exchange (2025-11-19)

USD 10.28+5.63%

Euronav NV
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About company

Euronav NV, in partnership with CMB.TECH, operates a diversified fleet of approximately 150 ocean-going vessels, including dry bulk carriers, container ships, chemical tankers, offshore wind vessels, and oil tankers. The group is actively engaged in the large marine and industrial sectors, with a particular focus on the development and application of hydrogen and ammonia as alternative fuels, aiming to cater to the growing demand for greener shipping solutions. In addition to vessel operations, Euronav and its partner are involved in the production and supply of hydrogen and ammonia fuels, either through their own production facilities or via third-party producers. The company is also exploring the use of hydrogen in smaller ships and ammonia in larger vessels as part of its strategy to reduce the carbon footprint of its fleet. With plans to rebrand its tanker division while maintaining the Euronav name, the company is listed on Euronext Brussels and the New York Stock Exchange under the ticker EURN. Euronav is headquartered in Antwerp, Belgium, and maintains a global presence through its offices in Europe and Asia, underscoring its commitment to becoming a leader in sustainable shipping.

Summarized from source with an LLMView SourceSector: Consumer Services

Strong Q2 Profit Performance

For Q2 2024, Euronav NV achieved a net profit of USD 184.4 million (USD 0.95 per share), up from USD 161.8 million (USD 0.80 per share) in Q2 2023. EBITDA also increased to USD 261.2 million compared to USD 247.6 million a year earlier.

Attractive Dividend and Interim Payouts

The company declared a dividend of USD 4.57 per share for Q2 2024, alongside an intermediary dividend of USD 1.15 per share paid in July 2024, underscoring its commitment to returning value to shareholders.

Significant Fleet and Order Developments

Q2 2024 saw the delivery of 7 newbuilding vessels and the placement of significant new orders – including 1 CSOV and 2 CTVs – as well as a collaboration on hydrogen-powered tugboats. These developments reinforce the company’s strategy to modernize and decarbonize its fleet.

Strategic Transformation and Backlog Growth

Euronav NV’s transformation to CMB.TECH is progressing well, marked by asset sales, new long-term charters adding approximately USD 161 million to its contract backlog, and a continued focus on improving operational efficiency and market positioning.

Summarized from source with an LLMView Source

Key figures

-18.7%1Y

-49.1%3Y

52.0%5Y

Performance

45.9%1Y

46.3%3Y

43.5%5Y

Volatility