Q1 2026 Himalaya Shipping Ltd Earnings Call Transcript

May 21, 2026 / 01:00 PM GMT

Release Date Price: $15.12 (-0.98%)

Transcript

Key Points

Positve

Himalaya Shipping Ltd (HSHP) reported a net profit of $5 million for Q1 2026, a significant improvement from a net loss of $6.4 million in Q1 2025.
The company achieved an EBITDA of $24.5 million, up from $13.8 million in the same quarter last year.
Time charter equivalent earnings increased to $32,300 per day, compared to $21,100 in Q1 2025.
Himalaya Shipping Ltd (HSHP) declared cash distributions totaling $0.18 per share for Q1 2026.
The company has a fleet of 12 modern Newcastle Maxis with dual-fuel LNG, placing it in the top 1% emission rating for large bulk carriers.

Negative

Vessel operating expenses increased to $7.4 million in Q1 2026, up from $6.9 million in Q1 2025, due to higher costs for crews, spares, service fees, and insurance.
The average operating expense per day rose to $6,800 from $6,400 in Q1 2025.
Interest expenses were $12.4 million, although this was a decrease from the previous year, it still represents a significant cost.
Outstanding balance on sale leaseback financing remains high at approximately $694 million.
The company faces challenges with an aging fleet, with around 30% of the fleet expected to be over 20 years of age by 2030.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

HSHP.OL - Himalaya Shipping Ltd
Q1 2026 Himalaya Shipping Ltd Earnings Call
May 21, 2026 / 01:00PM GMT

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Presentation
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Unidentified_1 [1]
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Welcome to Himalaya Shipping Q1 2026 financial results presentation.

Today's call is being recorded. If you have any objections, please disconnect at this time.

For the first part of this call, all participants will be in a listen-only mode and afterwards there will be a question-and-answer session.

To ask a question, please press five star on your telephone keypad.

I'll now turn the call over to CEO last question Swensen. Please begin.

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Unidentified_2 [2]
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Thank you, operator. Welcome to the Q1 2026 conference

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