Himalaya Shipping Ltd. Q3 2026 Earnings Recap

Himalaya Shipping reported higher year-over-year earnings, while the shares rose 1.3% after the results—a roughly flat reaction. Results included a $58,400 daily TCE and $0.75 per share in quarterly distributions; the company also reported October TCE of about $50,900 per day.

Key Takeaways

• Q3 net profit was $33.3 million, or $0.71 per share, versus $9.5 million, or $0.21 per share, in Q3 2025. EBITDA increased to $52.7 million from $29.3 million.
• Revenue rose to $62.6 million from $37.9 million, alongside daily TCE increasing to $58,400 from $35,600.
• Operating expenses were $7.5 million, up $0.5 million year over year; G&A rose to $1.5 million from $1.1 million, partly reflecting consolidation of Peak Maritime Management.
• Cash and equivalents were $39.7 million at quarter-end, against a $12.3 million minimum cash requirement under sale-leaseback financing. The financing balance was about $681 million.
• The company declared $0.75 per share in distributions for July–September and reported October TCE of about $50,900 per day.