Himalaya Shipping Ltd. Common Shares (HSHP) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to Himalaya Shipping Q2, 2026 conference call. For the first part of this call, all participants will be in a listen-only mode. Afterwards, there will be a question and answer session. To ask a question during the Q&A, please press 5-star on your telephone keypad. To redraw your question, you may do so by pressing 5-star again. This call is being recorded. I'll now hand it over to CEO Lars-Christian Svensen. Please begin. Thank you, operator. Welcome to the Q2 2026 conference call for Himalaya Shipping. My name is Lars-Christian Svensen and I will be joined here today by our CFO Vidar Hasund. Before we start the presentation, I would like to remind you that we will be discussing matters that are forward looking. These assumptions reflect the company's current views regarding future events and are subject to risks and uncertainties. Actual results may differ materially from those anticipated. I will now continue with the highlights of the quarter. We reported a net profit of $24.6 million and an EBITDA of $44 million. The time chart for equivalent earnings for the quarter was approximately $50,600 per day. We entered into a new index time charter agreement for the Mount Emaj for a period of 12 to 14 months at a significant premium to the prevailing index. We also converted four of our vessels from index to fixed rate contracts for the month of June at an average of $56,500 per day. Cash distributions for the quarter totaled 59 cents. In subsequent events, we achieved time charter equivalent earnings for July 2026 of about $51,200 per day and we declared a cash distribution of 22 cents for the month. We also entered into a new time charter agreement for the Mount Aconcagua for a period of 16 to 18 months at an index linked rate, also at a significant premium to...