Himalaya Shipping (NYSE:HSHP) Releases 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 for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02), FiscalAI reports. Himalaya Shipping had a net margin of 13.44% and a return on equity of 11.02%. The company 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%

Shares of Himalaya Shipping stock opened at $14.16 on Friday. Himalaya Shipping has a 1 year low of $5.46 and a 1 year high of $16.69. The stock has a 50-day moving average price of $13.99 and a 200 day moving average price of $11.45. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 4.12. The company has a market cap of $660.61 million, a P/E 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 an increase from Himalaya Shipping’s previous dividend of $0.06.

Wall Street Analysts Forecast Growth

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 research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Insider Buying and Selling at Himalaya Shipping

In other 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 sale, the director directly owned 280,000 shares of the company’s stock, valued at $3,752,000. This trade represents a 51.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Institutional Investors Weigh In On Himalaya Shipping

A number of hedge funds and other institutional investors have recently made changes to their positions in HSHP. Goldman Sachs Group Inc. raised its stake in shares of Himalaya Shipping by 322.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 259,959 shares of the company’s stock worth $2,366,000 after purchasing an additional 198,362 shares in the last quarter. Barclays PLC raised its stake in shares of Himalaya Shipping by 162.3% during the 4th quarter. Barclays PLC now owns 260,780 shares of the company’s stock worth $2,373,000 after purchasing an additional 161,378 shares in the last quarter. Marex Group plc purchased a new stake in shares of Himalaya Shipping during the 4th quarter worth about $1,227,000. Creative Planning raised its stake in shares of Himalaya Shipping by 706.4% during the 3rd quarter. Creative Planning now owns 151,326 shares of the company’s stock worth $1,245,000 after purchasing an additional 132,561 shares in the last quarter. Finally, Manatuck Hill Partners LLC purchased a new stake in shares of Himalaya Shipping during the 2nd quarter worth about $721,000. 22.33% of the stock is owned by hedge funds and other institutional investors.

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.