Performance Shipping Q2 FY26 net income climbs 31.2% to $11.9 million; revenue more than doubled to $34.7 million - PSHG News | RalliesPerformance Shipping Q2 FY26 net income climbs 31.2% to $11.9 million; revenue more than doubled to $34.7 million
P
PSHG• Quarterly results
- Performance Shipping posted net income of $11.9 million in Q2 2026, while net income attributable to common stockholders climbed to $13.9 million.
- Revenue more than doubled to $34.66 million; the company cited higher ownership days following recent vessel deliveries and two Suezmax acquisitions.
- Basic EPS rose to $1.12; diluted EPS increased to $0.37.
- Fleetwide average TCE rate edged up to $32,872; net cash from operating activities increased to $19.7 million.
Post-quarter fleet and backlog update
- Post quarter-end, it extended Briolette at $37,700/day for three years, and Blue Moon at $40,500/day for two years.
- Backlog exceeded $500 million.
