Bermuda's Himalaya Shipping posts Q1 revenue of $33.6 mln

Himalaya Shipping

21/05/2026 07:08

Overview

Bermuda bulk carrier's preliminary Q1 total operating revenue was $33.6 mln, net income $5.0 mln

Company entered new time charter deals at premiums to Baltic 5TC 180 Capesize index

Company to increase stake in 2020 Bulkers Management AS to 54% effective April 2026

Result Drivers

PREMIUM CHARTERS - Company entered new time charter agreements at rates significantly above the Baltic 5TC 180 Capesize index, supporting higher TCE earnings

Company press release: ID:nMFN68xp19

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$33.60 mln
Q1 Net Income
$5 mln
Q1 EBITDA
$24.50 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the marine freight & logistics peer group is "buy"

Wall Street's median 12-month price target for Himalaya Shipping Ltd is NOK116.50, about 18.3% below its May 20 closing price of NOK142.60

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 11 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)