Himalaya Shipping declares $0.25 August payout
HSHP reports strong August 2026 charter earnings and declares a US$0.25 per share cash distribution with late-September payment dates.
Rhea-AI Filing Summary
Himalaya Shipping Ltd. (HSHP) reports that in August 2026 its fleet achieved average time charter equivalent (TCE) earnings of US$57,700 per day, gross, including about US$2,600 per day of scrubber benefits. Ten vessels on index-linked time charters and two on fixed time charters earned roughly the same daily TCE levels. The Baltic 5TC 180 Capesize Index averaged US$39,906 in the month, providing a market benchmark.
The board approved a cash distribution of US$0.25 per share for August 2026, to be paid from the company’s Contributed Surplus account. Key dates include a record date of September 18, 2026 and a payment date on or about September 25, 2026 for most holders, with Euronext VPS shareholders expected to receive funds on or about September 30, 2026. For the one-month period ended August 31, 2026, time charter revenues were US$20.7 million and operating revenues, gross were US$21.5 million over 372 fleet operational days, reconciling to the reported average TCE earnings.
Positive
- Board declares a US$0.25 per share cash distribution for August 2026, signaling the ability to return capital to shareholders.
- Fleet generates average US$57,700 per day in TCE earnings, gross, in August 2026, indicating solid vessel income versus the Baltic 5TC index at US$39,906.
Negative
- None.
Key Figures
Key Terms
time charter equivalent (TCE) earnings financial
scrubber benefits technical
Contributed Surplus financial
Euronext VPS market
Central Securities Depository Regulation (CSDR) regulatory
non-U.S. GAAP measure financial
FAQ
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AI-generated analysis. How Rhea-AI works. Not financial advice.