Himalaya Shipping reports Q4 revenue of $42.1 mln

Himalaya Shipping

10/02/2026 07:07

Overview

Bermuda bulk carrier's preliminary Q4 revenue reached $42.1 mln

Net income for Q4 was $13.5 mln

Company declared cash distributions for October, November, and December 2025

Outlook

Company achieved time charter equivalent earnings of $32,400 per day for January 2026

Company entered new time charter for Mount Elbrus until June 30, 2026

Company entered new time charter for Mount Ita with index linked rate

Result Drivers

HIGHER TCE EARNINGS - Co achieved average TCE earnings of $39,600 per day, exceeding Baltic 5TC Capesize Index average of $28,875 per day

FIXED RATE CHARTERS - Converted index-linked charters for four vessels to fixed rate at $27,700 per day from Jan 1 to Mar 31, 2026

NEW CHARTER AGREEMENTS - Entered new agreements for Mount Elbrus and Mount Ita at rates reflecting a premium to Baltic 5TC index

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
$42.10 mln
Q4 Net Income
$13.50 mln
Q4 EBITDA
$33.30 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 NOK104.85, about 3.8% above its February 9 closing price of NOK101.00

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release: ID:nMFN6l4TXY

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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.)