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Performance Shipping (PSHG) investor relations material
Performance Shipping Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net income for Q2 2026 was $11.9 million, up from $9.1 million in Q2 2025; net income attributable to common stockholders was $13.9 million, up from $8.6 million year-over-year.
Revenue for Q2 2026 reached $34.7 million, a significant increase from $18.1 million in Q2 2025, driven by fleet expansion and higher TCE rates.
First half 2026 revenue totaled $68.4 million, with net income attributable to common stockholders at $23.7 million.
Financial highlights
Q2 2026 TCE rate averaged $32,872, up from $32,295 in Q2 2025.
Net cash from operating activities in Q2 2026 was $19.7 million, up from $11.3 million in Q2 2025.
Earnings per share (basic/diluted) for Q2 2026 were $1.12/$0.37, compared to $0.69/$0.23 in Q2 2025.
Cash, cash equivalents, and restricted cash stood at $106 million at quarter end.
Outlook and guidance
Contracted revenue backlog exceeded $500 million as of mid-2026, with average remaining duration of 3.4 years and charter coverage through 2030.
Average contracted time charter rate of $32,500 per day through 2030, covering projected daily cash expenses through 2028.
Spot cash break-even expected to rise from near zero to $14,300/day by 2030.
- Pure Aframax/LR tanker fleet with strong revenue backlog, low leverage, and robust Q1 2025 results.PSHG
Investor presentation - Modern tanker fleet with strong charter coverage, robust liquidity, and disciplined cost control.PSHG
Investor presentation - Modern fleet, strong charter coverage, and prudent financials drive stable growth and resilience.PSHG
Investor presentation - Q2 2024 earnings declined on lower TCE rates, but strong cash and backlog support future growth.PSHG
Q2 2024 - Q3 2024 net income increased to $12.4M, driven by higher TCE rates and strong fleet utilization.PSHG
Q3 2024 - Net income jumped 164% year-over-year, fueled by a major vessel sale gain and robust cash flow.PSHG
Q1 2025 - Six-month net income more than doubled as strong TCE rates offset a smaller fleet.PSHG
Q2 2025 - Q3 net income declined, but fleet growth and long-term charters boosted future revenue visibility.PSHG
Q3 2025 - Net income and revenue fell in Q4 2024, but liquidity and revenue backlog remain strong.PSHG
Q4 2024
Next Performance Shipping earnings date
Next Performance Shipping earnings date
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