Himalaya Shipping (NYSE:HSHP) Releases Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Himalaya Shipping (NYSE:HSHP) released 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 the consensus estimate 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 Trading Down 6.3%

Shares of HSHP stock opened at $14.16 on Friday. The stock has a 50-day simple moving average of $13.99 and a 200 day simple moving average of $11.45. Himalaya Shipping has a fifty-two week low of $5.46 and a fifty-two week high of $16.69. The stock has a market capitalization 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 company 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. This is an increase from Himalaya Shipping’s previous dividend of $0.06. The ex-dividend date of this dividend is Monday, May 18th.

Insiders Place Their Bets

In related news, Director Bjorn Andreas Freng Isaksen sold 300,000 shares of the firm’s stock in a transaction dated Thursday, April 9th. The stock was sold at an average price of $13.40, for a total transaction of $4,020,000.00. Following the completion of the transaction, the director owned 280,000 shares of the company’s stock, valued at $3,752,000. This trade represents a 51.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Hedge Funds Weigh In On Himalaya Shipping

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. State Street Corp boosted its position in shares of Himalaya Shipping by 1.4% in the 4th quarter. State Street Corp now owns 403,954 shares of the company’s stock valued at $3,676,000 after purchasing an additional 5,719 shares during the period. Geode Capital Management LLC boosted its position in shares of Himalaya Shipping by 3.4% in the 2nd quarter. Geode Capital Management LLC now owns 356,350 shares of the company’s stock valued at $2,056,000 after purchasing an additional 11,828 shares during the period. Barclays PLC boosted its position in shares of Himalaya Shipping by 162.3% in the 4th quarter. Barclays PLC now owns 260,780 shares of the company’s stock valued at $2,373,000 after purchasing an additional 161,378 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Himalaya Shipping by 322.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 259,959 shares of the company’s stock valued at $2,366,000 after purchasing an additional 198,362 shares during the period. Finally, Russell Investments Group Ltd. boosted its position in shares of Himalaya Shipping by 28.2% in the 2nd quarter. Russell Investments Group Ltd. now owns 158,189 shares of the company’s stock valued at $913,000 after purchasing an additional 34,758 shares during the period. Institutional investors and hedge funds own 22.33% of the company’s stock.

Analyst Upgrades and Downgrades

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

About Himalaya Shipping

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.