)
Overview
<ul>
<li>Bermuda bulk carrier’s preliminary Q4 revenue reached $42.1 mln</li>
<li>Net income for Q4 was $13.5 mln</li>
<li>Company declared cash distributions for October, November, and December 2025</li>
</ul>
Outlook
<ul>
<li>Company achieved time charter equivalent earnings of $32,400 per day for January 2026</li>
<li>Company entered new time charter for Mount Elbrus until June 30, 2026</li>
<li>Company entered new time charter for Mount Ita with index linked rate</li>
</ul>
Result Drivers
<ul>
<li>HIGHER TCE EARNINGS - Co achieved average TCE earnings of $39,600 per day, exceeding Baltic 5TC Capesize Index average of $28,875 per day</li>
<li>FIXED RATE CHARTERS - Converted index-linked charters for four vessels to fixed rate at $27,700 per day from Jan 1 to Mar 31, 2026</li>
<li>NEW CHARTER AGREEMENTS - Entered new agreements for Mount Elbrus and Mount Ita at rates reflecting a premium to Baltic 5TC index</li>
</ul>
Key Details
Metric Beat/Mis Actual Consensu
s s
Estimate
<h3>Q4 $42.10</h3>
Revenue mln
Q4 Net $13.50
Income mln
<h3>Q4 $33.30</h3>
EBITDA mln
Analyst Coverage
<ul>
<li>The current average analyst rating on the shares is “buy” and the breakdown of recommendations is 4 “strong buy” or “buy”, 1 “hold” and 1 “sell” or “strong sell”</li>
<li>The average consensus recommendation for the marine freight &amp; logistics peer group is “buy”</li>
<li>Wall Street’s median 12-month price target for Himalaya Shipping Ltd is NOK104.85, about 3.8% above its February 9 closing price of NOK101.00</li>
<li>The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago</li>
</ul>
Press Release: For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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Himalaya Shipping reports Q4 revenue of $42.1 mln