Earnings ·
Reports Q3 net income of $33.3 million and declares October dividend of $0.20 per share
HSHPHimalaya Shipping Ltd.
Himalaya Shipping Ltd. reported preliminary unaudited results for the third quarter ended September 30, 2026, posting a net income of $33.3 million and EBITDA of $52.7 million. Total operating revenues reached $62.6 million, driven by average time charter equivalent earnings of approximately $58,400 per day, gross, significantly outperforming the Baltic 5TC 180 Capesize Index average of $41,369 per day. The company declared a cash dividend of $0.20 per common share for October 2026 and paid monthly distributions totaling $0.75 per share for July through September. Additionally, Himalaya acquired an additional stake in Peak Maritime, increasing its ownership to 60%, and entered into new time charter agreements reflecting premiums over market indices. The company operates a fleet of modern Newcastlemax dry bulk carriers focused on transporting iron ore and bauxite.