Himalaya Shipping (NYSE:HSHP – Get Free Report) issued its quarterly earnings data on Thursday. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.02), FiscalAI reports. The business had revenue of $34.90 million for the quarter, compared to the consensus estimate of $33.30 million. Himalaya Shipping had a net margin of 13.44% and a return on equity of 11.02%.
Here are the key takeaways from Himalaya Shipping’s conference call:
- Himalaya Shipping reported a Q1 2026 net profit of $5 million and EBITDA of $24.5 million, a notable improvement from a loss in the same quarter last year. Revenue rose to $33.6 million as time charter equivalent earnings increased to $32,300 per day.
- The company secured new index-linked time charters for Mount Ita, Mount Matterhorn, and Mount Emei at significant premiums to the Baltic Capesize Index, extending visibility and supporting future earnings. Management also said April 2026 TCE was about $41,600 per day.
- Himalaya declared $0.18 per share in cash distributions for Q1 and has now delivered 28 consecutive monthly dividends. Management emphasized its low breakeven, saying cash breakeven versus the Baltic Capesize Index is about $17,300 per day.
- The company’s market view remains very constructive, with management calling the current environment the best start to the Capesize/Newcastlemax market since 2010. They pointed to strong Guinea bauxite exports, Simandou ramp-up, and a structurally tight Atlantic basin as key tailwinds.
- Supply conditions also look favorable, with a 14% order book and an aging fleet, while mandatory dry-dock/special survey activity is expected to remove additional capacity in 2026. Management estimated this could create about 1.7% extra off-hire for the total Capesize fleet.
Himalaya Shipping Trading Down 6.3%
Shares of HSHP stock opened at $14.16 on Friday. Himalaya Shipping has a 1 year low of $5.46 and a 1 year high of $16.69. The firm’s fifty day simple moving average is $13.99 and its 200 day simple moving average is $11.45. The firm has a market capitalization of $660.61 million, a P/E ratio of 37.27 and a beta of 1.38. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 4.12.
Himalaya Shipping Increases Dividend
Wall Street Analyst Weigh In
Separately, Wall Street Zen raised shares of Himalaya Shipping from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 16th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, Himalaya Shipping currently has a consensus rating of “Hold”.
Check Out Our Latest Report on Himalaya Shipping
Insider Transactions at Himalaya Shipping
In other Himalaya Shipping news, Director Bjorn Andreas Freng Isaksen sold 300,000 shares of the business’s stock in a transaction on Thursday, April 9th. The shares were sold at an average price of $13.40, for a total value of $4,020,000.00. Following the sale, the director owned 280,000 shares of the company’s stock, valued at $3,752,000. The trade was a 51.72% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Institutional Investors Weigh In On Himalaya Shipping
Several institutional investors and hedge funds have recently made changes to their positions in the company. State Street Corp boosted its stake in shares of Himalaya Shipping by 1.4% in the 4th quarter. State Street Corp now owns 403,954 shares of the company’s stock valued at $3,676,000 after purchasing an additional 5,719 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Himalaya Shipping by 3.4% in the 2nd quarter. Geode Capital Management LLC now owns 356,350 shares of the company’s stock valued at $2,056,000 after purchasing an additional 11,828 shares in the last quarter. Barclays PLC boosted its stake in shares of Himalaya Shipping by 162.3% in the 4th quarter. Barclays PLC now owns 260,780 shares of the company’s stock valued at $2,373,000 after purchasing an additional 161,378 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Himalaya Shipping by 322.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 259,959 shares of the company’s stock valued at $2,366,000 after purchasing an additional 198,362 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in shares of Himalaya Shipping by 28.2% in the 2nd quarter. Russell Investments Group Ltd. now owns 158,189 shares of the company’s stock valued at $913,000 after purchasing an additional 34,758 shares in the last quarter. Institutional investors and hedge funds own 22.33% of the company’s stock.
Himalaya Shipping Company Profile
Himalaya Shipping Ltd. provides dry bulk shipping services worldwide. The company operates a fleet of vessels. It serves major commodity trading, commodity and energy transition, and multi-modal transport companies. Himalaya Shipping Ltd. was incorporated in 2021 and is based in Hamilton, Bermuda.
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