Performance Shipping Q2 revenue falls 12%, net income down 11%

Reuters

2025/07/30

<a href="https://laohu8.com/S/PSHG">Performance Shipping</a> <a href="https://laohu8.com/S/QTWO">Q2</a> revenue falls 12%, net income down 11%

Overview

Performance Shipping Q2 2025 revenue falls 12% yr/yr due to fleet reduction
Net income for Q2 2025 declines 11% yr/yr amid geopolitical tensions
Co achieves higher TCE rates despite operating a smaller fleet

Outlook

Performance Shipping aims to acquire a younger, competitive fleet
Company raised $100 mln for fleet expansion
Crude tanker demand supported by increased OPEC+ exports
Product tanker demand expected to decline in 2025

Result Drivers

FLEET REDUCTION - Revenue decline attributed to fewer ownership days following vessel sale
HIGHER TCE RATES - Achieved average TCE rate of $32,295, up from $30,970 in prior year
GEOPOLITICAL TENSIONS - Market volatility in June due to Middle East tensions, per CEO Andreas Michalopoulos

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q2 Revenue		$18.14 mln
Q2 EPS		$0.23
Q2 Net Income		$9.07 mln
Q2 Basic EPS		$0.69
Q2 Vessel Operating Expenses		$4.57 mln

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
Wall Street's median 12-month price target for Performance Shipping Inc is $5.75, about 69.3% above its July 29 closing price of $1.77
The stock recently traded at 1 times the next 12-month earnings vs. a P/E of 2 three months ago

Press Release: ID:nGNX24j31Z

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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It was checked and edited by a Reuters journalist prior to publication.)</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Performance Shipping Q2 revenue falls 12%, net income down 11%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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It was checked and edited by a Reuters journalist prior to publication.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PSHG","symbol_name":"Performance Shipping Inc.","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250730:nPLX5C67F6:1","article_id":"2555977047","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2555977047","pubTimestamp":1753882713,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Performance Shipping Q2 revenue falls 12%, net income down 11%OverviewPerformance Shipping Q2 2025 revenue falls 12% yr/yr due to fleet reductionNet income for Q2 2025 declines 11% yr/yr amid geopolit","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"PSHG":"Performance Shipping Inc."},"translate_title":"Performance Shipping第二季度收入下降12%，净利润下降11%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PSHG":0.9},"content_text":"Performance Shipping Q2 revenue falls 12%, net income down 11%OverviewPerformance Shipping Q2 2025 revenue falls 12% yr/yr due to fleet reductionNet income for Q2 2025 declines 11% yr/yr amid geopolitical tensionsCo achieves higher TCE rates despite operating a smaller fleetOutlookPerformance Shipping aims to acquire a younger, competitive fleetCompany raised $100 mln for fleet expansionCrude tanker demand supported by increased OPEC+ exportsProduct tanker demand expected to decline in 2025Result DriversFLEET REDUCTION - Revenue decline attributed to fewer ownership days following vessel saleHIGHER TCE RATES - Achieved average TCE rate of $32,295, up from $30,970 in prior yearGEOPOLITICAL TENSIONS - Market volatility in June due to Middle East tensions, per CEO Andreas MichalopoulosKey DetailsMetricBeat/MissActualConsensus EstimateQ2 Revenue$18.14 mlnQ2 EPS$0.23Q2 Net Income$9.07 mlnQ2 Basic EPS$0.69Q2 Vessel Operating Expenses$4.57 mlnAnalyst CoverageThe current average analyst rating on the shares is \"buy\" and the breakdown of recommendations is 2 \"strong buy\" or \"buy\", no \"hold\" and no \"sell\" or \"strong sell\"Wall Street's median 12-month price target for Performance Shipping Inc is $5.75, about 69.3% above its July 29 closing price of $1.77The stock recently traded at 1 times the next 12-month earnings vs. a P/E of 2 three months agoPress Release: ID:nGNX24j31Z(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}