Himalaya Shipping Q2 prelim revenue reaches $53.3 mln

Himalaya Shipping

11/08/2026 07:10

Overview
Bermuda bulk carrier's preliminary Q2 revenue was $53.3 mln, net income $24.6 mln
Company reported preliminary EBITDA of $44 mln for Q2 2026
Company secured new and converted time charters at rates above Baltic 5TC index

Outlook
Company converted two vessels to fixed-rate charters at $51,200 per day from Aug-Dec 2026
Himalaya Shipping entered new index-linked charters for Mount Aconcagua at a premium to Baltic index
Company expects July TCE earnings of about $51,200 per day, gross

Result Drivers
PREMIUM CHARTER RATES - Co secured new and converted time charters at rates above the Baltic 5TC 180 Capesize Index, supporting revenue

Company press release: ID:nMFN2TdF9s

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
$53.30 mln
 
Q2 Net Income
 
$24.60 mln
 
Q2 EBITDA
 
$44 mln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 2 "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 NOK140.00, about 6.9% below its August 10 closing price of NOK150.40
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 13 three months ago

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(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.)