Himalaya Shipping (NYSE:HSHP) Announces Earnings Results

Himalaya Shipping (NYSE:HSHP) issued its earnings results on Thursday. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02), FiscalAI reports. Himalaya Shipping had a return on equity of 11.02% and a net margin of 13.44%.The firm had revenue of $34.90 million for the quarter, compared to analysts’ expectations of $33.30 million.

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 Price Performance

Shares of HSHP opened at $14.16 on Friday. Himalaya Shipping has a fifty-two week low of $5.46 and a fifty-two week high of $16.69. The firm’s 50 day moving average price is $13.99 and its 200 day moving average price is $11.45. The company has a market cap of $660.61 million, a P/E ratio of 37.27 and a beta of 1.38. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 4.12.

Himalaya Shipping Increases Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, May 26th. Investors of record on Tuesday, May 19th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, May 18th. This is an increase from Himalaya Shipping’s previous dividend of $0.06.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Himalaya Shipping from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 16th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold”.

Insiders Place Their Bets

In related news, Director Bjorn Andreas Freng Isaksen sold 300,000 shares of the company’s stock in a transaction that occurred on Thursday, April 9th. The shares were sold at an average price of $13.40, for a total transaction of $4,020,000.00. Following the sale, the director directly owned 280,000 shares of the company’s stock, valued at $3,752,000. This represents a 51.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Institutional Investors Weigh In On Himalaya Shipping

Large investors have recently added to or reduced their stakes in the business. Sei Investments Co. increased its stake in Himalaya Shipping by 22.8% during the 3rd quarter. Sei Investments Co. now owns 22,812 shares of the company’s stock worth $188,000 after buying an additional 4,235 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in Himalaya Shipping during the 3rd quarter worth approximately $181,000. Price T Rowe Associates Inc. MD increased its stake in Himalaya Shipping by 17.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 17,932 shares of the company’s stock worth $164,000 after buying an additional 2,622 shares during the period. Millennium Management LLC increased its stake in Himalaya Shipping by 29.6% during the 3rd quarter. Millennium Management LLC now owns 19,204 shares of the company’s stock worth $158,000 after buying an additional 4,382 shares during the period. Finally, Bank of America Corp DE increased its stake in Himalaya Shipping by 29.8% during the 2nd quarter. Bank of America Corp DE now owns 24,506 shares of the company’s stock worth $141,000 after buying an additional 5,631 shares during the period. 22.33% of the stock is owned by hedge funds and other institutional investors.

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.