Himalaya Shipping
Charters modern Newcastlemax vessels into dry bulk markets.
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Profile
Charters a focused fleet of 12 dual-fuel Newcastlemax dry bulk vessels, earning time-charter revenue from commodity-linked shipping demand. The model is narrow by design: a single reportable segment, external managers, and vessel economics shaped by dry bulk rates, charter re-employment, financing, and environmental rules.
Owns and charters dual-fuel Newcastlemax dry bulk vessels, with revenue generated through time-charter contracts rather than a broad mix of shipping services. The fleet was ordered as a focused newbuilding program and is managed commercially and technically through external managers.
Public-company exposure is narrow: a single reportable segment, dry bulk capacity, and vessel income tied to charter rates, operating days, re-employment, fuel costs, dry docking, insurance, and refinancing. The company is Bermuda-incorporated, listed in New York, and also listed in Oslo.
Execution centers on keeping modern large dry bulk vessels employed with counterparties while managing charter duration and index-linked economics. The business depends on dry bulk commodity demand, environmental and climate rules, route disruptions, and the performance of contracted managers and ship managers.
Company facts
Categories
Key statistics
Year to date +88.9% · Average volume (30d) 301.9K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 11, 2026Q2 FY26 | $0.54 | $0.52 | −3.9% | $52.8M | $53.0M | +0.4% | +1.31% |
| May 21, 2026Q1 FY26 | $0.13 | $0.11 | −13.8% | $33.3M | $33.4M | +0.2% | −6.08% |
| Feb 10, 2026Q4 FY25 | $0.30 | $0.29 | −4.0% | $41.8M | $41.5M | −0.7% | +4.06% |
| Nov 6, 2025Q3 FY25 | $0.20 | $0.21 | +5.0% | $41.0M | $37.9M | −7.6% | +0.52% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $22.0M | $29.9M | $37.9M | $42.1M | $33.6M | $53.7M | |
| Gross profit | $14.9M | $15.1M | $30.4M | $34.5M | $18.4M | $45.9M | |
| Operating income | $6.5M | $13.6M | $22.0M | $26.0M | $17.2M | $36.7M | |
| Net income | −$6.4M | $1.1M | $9.5M | $13.5M | $5.0M | $24.6M | |
| Diluted EPS | −$0.14 | $0.02 | $0.21 | $0.29 | $0.11 | $0.52 | |
| Gross margin | 67.8% | 50.5% | 80.2% | 81.9% | 54.8% | 85.5% | |
| Operating margin | 29.6% | 45.5% | 58.0% | 61.8% | 51.2% | 68.3% |
Fiscal years (4-quarter sums)FY23 $36.7M · FY24 $123.6M · FY25 $131.9M
Revenue by product · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $34.8M · Total debt $677.5M · Total assets $853.8M · Shareholders' equity $162.8M
Dividends
Last raised to $0.22 from $0.15 in Jun 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 20, 2026 | Aug 21 | Aug 27 | $0.22 | |
| Jul 17, 2026 | Jul 20 | Jul 28 | $0.22 | |
| Jun 19, 2026 | Jun 22 | Jun 26 | $0.22 | raised from $0.15 |
| May 18, 2026 | May 19 | May 26 | $0.15 | raised from $0.06 |
| Apr 17, 2026 | Apr 20 | Apr 27 | $0.06 | |
| Mar 16, 2026 | Mar 17 | Mar 25 | $0.06 | |
| Feb 19, 2026 | Feb 20 | Feb 27 | $0.06 | cut from $0.13 |
| Jan 19, 2026 | Jan 20 | Jan 27 | $0.13 | raised from $0.10 |
Ownership
Shares outstanding 47.15M · Float 31.42M · 66.7% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Drew Holdings Ltd. | 13.03M | 27.90% | 13G | May 5, 2026 |
| Goldman Sachs Group Inc | 2.72M | 5.77% | 13F | Aug 14, 2026 |
| Barclays PLC | 2.50M | 5.31% | 13F | Aug 14, 2026 |
| BlackRock, Inc. | 2.09M | 4.44% | 13F | Aug 7, 2026 |
| FMR LLC | 2.04M | 4.32% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 18, 2026 | Vidar Hasund | officer: Contracted CFO | −100,000 | $15.85 |
| May 22, 2026 | Lars-Christian Svensen | officer: Contracted CEO | +4,000 | $14.20 |
| Apr 9, 2026 | Bjorn Andreas Freng Isaksen | director | −300,000 | $13.40 |
Peers
- CMB.TECH (ADR)
Diversified maritime group with former Golden Ocean dry bulk scale
- Star Bulk Carriers
Large dry bulk fleet spanning Newcastlemax to Supramax classes
- Seanergy Maritime
Pure-play Capesize operator with Newcastlemax vessels
- Genco Shipping & Trading
U.S.-based dry bulk owner with Newcastlemax and Capesize exposure
- Diana Shipping
Time-charter dry bulk owner pursuing Genco
- Safe Bulkers
Dry bulk owner with Capesize and eco-vessel exposure
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Himalaya Shipping | $16.99 | +1.74% | $787.3M | 14.8 | 10.7 | 4.7 | +77.3% |
| CMB.TECH (ADR) | $18.35 | +0.05% | $5.32B | 6.3 | 11.4 | 2.4 | +78.0% |
| Star Bulk Carriers | $30.48 | +0.03% | $3.40B | 12.0 | 6.8 | 2.8 | +15.0% |
| Seanergy Maritime | $18.01 | +1.30% | $375.6M | 6.2 | 6.4 | 1.9 | +48.6% |
| Genco Shipping & Trading | $25.88 | −0.02% | $1.13B | 28.6 | 12.2 | 2.6 | +14.0% |
| Diana Shipping | $2.76 | −0.90% | $343.4M | 5.7 | 8.0 | 1.6 | +4.8% |
| Safe Bulkers | $8.52 | −0.06% | $867.6M | 11.0 | 14.2 | 2.8 | +33.0% |
| Median | 8.7 | 9.7 | 2.5 | +24.0% |