Performance Shipping Q2 FY26 net income climbs 31.2% to $11.9 million; revenue more than doubled to $34.7 million

Reuters2026/07/29 13:27

By:Reuters

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

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Performance Shipping Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607290927PRIMZONEFULLFEED9800214) on July 29, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Performance Shipping Q2 FY26 net income climbs 31.2% to $11.9 million; revenue more than doubled to $34.7 million

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