OSL$HSHP
Himalaya Shipping Ltd · Q2 2026 earnings
Q2 2026 earnings · · Before market open · Investor relations
Briefing
Himalaya Shipping Ltd reported strong preliminary unaudited Q2 2026 results driven by higher charter rates.
The company achieved total operating revenues of $53.7 million for the three months ended June 30, 2026, up 79.6% year-over-year. Net income reached $24.6 million and EBITDA was $44.0 million, reflecting average TCE earnings of $50,600 per day gross versus the Baltic 5TC index of $36,303. The fleet of 12 vessels maintained high utilization with positive market conditions in dry bulk shipping.
- Q2 2026 operating revenues totaled $53.7 million, a 79.6% increase from $29.9 million in Q2 2025.
- Net income surged to $24.6 million from $1.1 million year-over-year, with operating income at $36.7 million.
- Average TCE earnings reached $50,600 per day gross, significantly outperforming the Baltic 5TC 180 Capesize Index of $36,303.
- EBITDA rose to $44.0 million, more than doubling from $20.9 million in the prior-year quarter.
Headline financials
Revenue & EPS history
Himalaya Shipping Ltd · Revenue · Quarterly
$53.7M
Revenue by segment
Himalaya Shipping Ltd · $2.52B total across 2 segments · Q1 2025
- Value-added services$2.49B—98.8%
- Other services$30.9M—1.2%
Forward guidance
Positive long-term outlook for large dry bulk ships supported by limited supply growth and expected ton-mile demand increases.
Tailwinds
- Low order book for Capesize vessels at 16% of fleet.
- Strong growth expected in bauxite, coal, and iron ore ton-miles.
- Strategy to distribute significant portion of free cash flow after debt service.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 9 quarterly earnings reports
+0.7%
Avg return
Earnings day
+1.0%
Avg return
5 days after
+112.7%
Avg return
30 days after
67%
6 / 9 earnings
Positive
+3.9%
Q3 2025
Best reaction
-4.2%
Q2 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | — | — | — | |
| Q4 2025 | +3.3% | -2.4% | +956.6% | |
| Q3 2025 | +3.9% | +4.1% | +23.5% | |
| Q2 2025 | -0.8% | +3.3% | +15.1% | |
| Q1 2025 | +2.3% | +6.5% | +4.9% | |
| Q2 2024 | -4.2% | -4.9% | -1.5% | |
| Q2 2023 | -4.2% | -4.9% | -1.5% | |
| Q4 2021 | +1.9% | +3.0% | +11.6% | |
| Q4 2023 | +1.9% | +3.0% | +11.6% | |
| Q3 2023 | +1.9% | +1.4% | -6.2% |
Discussion
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