Himalaya Shipping (NYSE:HSHP) Issues Quarterly Earnings Results

Himalaya Shipping (NYSE:HSHP) posted its quarterly earnings results on Thursday. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $34.90 million during the quarter, compared to analyst estimates 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 Stock Down 6.3%

HSHP stock opened at $14.16 on Friday. 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 has a 1 year low of $5.46 and a 1 year high of $16.69. The company has a fifty day simple moving average of $13.99 and a 200 day simple moving average of $11.45. The firm has a market cap of $660.61 million, a PE ratio of 37.27 and a beta of 1.38.

Himalaya Shipping Increases Dividend

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

Insider Activity

In related news, Director Bjorn Andreas Freng Isaksen sold 300,000 shares of Himalaya Shipping 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 completion of the sale, the director owned 280,000 shares of the company’s stock, valued at approximately $3,752,000. The trade was a 51.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. AQR Capital Management LLC lifted its position in Himalaya Shipping by 10.2% during the 4th quarter. AQR Capital Management LLC now owns 15,169 shares of the company’s stock worth $138,000 after acquiring an additional 1,402 shares during the last quarter. Bank of America Corp DE lifted its position in Himalaya Shipping by 9.8% during the 3rd quarter. Bank of America Corp DE now owns 26,900 shares of the company’s stock worth $221,000 after acquiring an additional 2,394 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of Himalaya Shipping by 80.3% during the third quarter. BNP Paribas Financial Markets now owns 5,656 shares of the company’s stock valued at $47,000 after buying an additional 2,519 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Himalaya Shipping by 17.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 17,932 shares of the company’s stock valued at $164,000 after buying an additional 2,622 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its position in shares of Himalaya Shipping by 2.9% during the fourth quarter. Russell Investments Group Ltd. now owns 93,190 shares of the company’s stock valued at $848,000 after buying an additional 2,661 shares during the last quarter. Institutional investors and hedge funds own 22.33% of the company’s stock.

Wall Street Analyst Weigh In

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

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.