PSHG
Performance Shipping Inc.
Price Chart
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Latest Quote
$1.68
-0.03 (-1.47%)
Current Price
| Previous Close | $1.71 |
| Open | $1.67 |
| Day High | $1.70 |
| Day Low | $1.67 |
| Volume | 74,716 |
Stock Information
| Shares Outstanding | 12.43M |
| Total Debt | $310.05M |
| Cash Equivalents | $104.93M |
| Revenue | $113.13M |
| Net Income | $36.04M |
| Sector | Industrials |
| Industry | Marine Shipping |
| Market Cap | $21.13M |
| P/E Ratio | 1.87 |
| EPS (TTM) | $0.91 |
| Exchange | NCM |
Recent Price History
No history data available. Data will be fetched automatically.
About Performance Shipping Inc.
Performance Shipping Inc. provides shipping transportation services through its tanker vessels worldwide. As of December 31, 2025, it operated through a fleet of nine Aframax tanker vessels and two Suezmax tanker vessels with a combined carrying capacity of 1,287,118 DWT. The company was incorporated in 2010 and is based in Athens, Greece.
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Income Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Revenue | ||||
| Reconciled Cost Of Revenue | $41,863,000 | $37,331,000 | $41,017,000 | $37,970,000 |
| Cost Of Revenue | $41,863,000 | $37,331,000 | $41,017,000 | $37,970,000 |
| Total Revenue | $84,172,000 | $87,445,000 | $108,938,000 | $75,173,000 |
| Operating Revenue | $84,172,000 | $87,445,000 | $108,938,000 | $75,173,000 |
| Expenses | ||||
| Interest Expense | $5,642,000 | $1,179,000 | $8,499,000 | $3,468,000 |
| Total Expenses | $51,592,000 | $45,630,000 | $49,022,000 | $44,754,000 |
| Other Income Expense | $19,352,000 | $5,000 | $15,793,000 | $9,563,000 |
| Net Non Operating Interest Income Expense | $-1,959,000 | $1,910,000 | $-6,296,000 | $-3,682,000 |
| Total Other Finance Cost | $1,151,000 | $166,000 | $1,099,000 | $498,000 |
| Interest Expense Non Operating | $5,642,000 | $1,179,000 | $8,499,000 | $3,468,000 |
| Operating Expense | $9,729,000 | $8,299,000 | $8,005,000 | $6,784,000 |
| General And Administrative Expense | $9,702,000 | $8,306,000 | $8,042,000 | $6,751,000 |
| Other Operating Expenses | - | - | - | - |
| Income & Earnings | ||||
| Net Income From Continuing Operation Net Minority Interest | $49,973,000 | $43,730,000 | $69,413,000 | $36,300,000 |
| Net Interest Income | $-1,959,000 | $1,910,000 | $-6,296,000 | $-3,682,000 |
| Interest Income | $4,834,000 | $3,255,000 | $3,302,000 | $284,000 |
| Normalized Income | $34,878,440 | $43,726,100 | $57,094,460 | $28,840,860 |
| Net Income From Continuing And Discontinued Operation | $49,973,000 | $43,730,000 | $69,413,000 | $36,300,000 |
| Total Operating Income As Reported | $51,936,000 | $41,814,000 | $75,535,000 | $39,982,000 |
| Net Income Common Stockholders | $48,142,000 | $41,897,000 | $56,924,000 | $12,003,000 |
| Net Income | $49,973,000 | $43,730,000 | $69,413,000 | $36,300,000 |
| Net Income Including Noncontrolling Interests | $49,973,000 | $43,730,000 | $69,413,000 | $36,300,000 |
| Net Income Continuous Operations | $49,973,000 | $43,730,000 | $69,413,000 | $36,300,000 |
| Pretax Income | $49,973,000 | $43,730,000 | $69,413,000 | $36,300,000 |
| Special Income Charges | $19,456,000 | $0 | $15,296,000 | $9,543,000 |
| Interest Income Non Operating | $4,834,000 | $3,255,000 | $3,302,000 | $284,000 |
| Operating Income | $32,580,000 | $41,815,000 | $59,916,000 | $30,419,000 |
| Gross Profit | $42,309,000 | $50,114,000 | $67,921,000 | $37,203,000 |
| Net Income Discontinuous Operations | - | - | $0 | $0 |
| Per Share | ||||
| Diluted EPS | $1.28 | $1.11 | $1.91 | $3.02 |
| Basic EPS | $3.87 | $3.39 | $5.43 | $6.49 |
| Other | ||||
| Tax Effect Of Unusual Items | $4,257,440 | $1,100 | $3,474,460 | $2,103,860 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Normalized EBITDA (Bullshit earnings) | $51,340,000 | $58,240,000 | $76,912,000 | $39,486,000 |
| Total Unusual Items | $19,352,000 | $5,000 | $15,793,000 | $9,563,000 |
| Total Unusual Items Excluding Goodwill | $19,352,000 | $5,000 | $15,793,000 | $9,563,000 |
| Reconciled Depreciation | $15,077,000 | $13,336,000 | $14,793,000 | $9,281,000 |
| EBITDA (Bullshit earnings) | $70,692,000 | $58,245,000 | $92,705,000 | $49,049,000 |
| EBIT | $55,615,000 | $44,909,000 | $77,912,000 | $39,768,000 |
| Diluted Average Shares | $38,925,391 | $39,201,865 | $35,539,671 | $6,447,710 |
| Basic Average Shares | $12,432,158 | $12,365,418 | $10,491,316 | $1,850,072 |
| Diluted NI Availto Com Stockholders | $48,142,000 | $41,897,000 | $56,924,000 | $12,003,000 |
| Otherunder Preferred Stock Dividend | $0 | $0 | $791,000 | $1,122,000 |
| Preferred Stock Dividends | $1,831,000 | $1,833,000 | $11,698,000 | $23,175,000 |
| Gain On Sale Of Ppe | $19,456,000 | $0 | $15,683,000 | $9,543,000 |
| Gain On Sale Of Security | $-104,000 | $5,000 | $497,000 | $20,000 |
| Provision For Doubtful Accounts | $27,000 | $-7,000 | $-37,000 | $33,000 |
| Selling General And Administration | $9,702,000 | $8,306,000 | $8,042,000 | $6,751,000 |
| Other Gand A | $9,702,000 | $8,306,000 | $8,042,000 | $6,751,000 |
| Other Special Charges | - | - | $387,000 | - |
| Write Off | - | - | - | - |
Fetched: 2026-08-25
Balance Sheet (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Assets | ||||
| Net Tangible Assets | $323,434,000 | $275,243,000 | $233,184,000 | $155,705,000 |
| Total Assets | $559,853,000 | $330,393,000 | $296,266,000 | $292,979,000 |
| Total Non Current Assets | $501,843,000 | $251,741,000 | $216,352,000 | $239,516,000 |
| Other Non Current Assets | $1,089,000 | $1,226,000 | $1,000,000 | $1,522,000 |
| Non Current Deferred Assets | $2,215,000 | $2,386,000 | $1,798,000 | $1,098,000 |
| Current Assets | $58,010,000 | $78,652,000 | $79,914,000 | $53,463,000 |
| Other Current Assets | $2,596,000 | $1,979,000 | $2,164,000 | $2,524,000 |
| Inventory | $949,000 | $549,000 | $2,203,000 | $3,037,000 |
| Receivables | $6,293,000 | $5,810,000 | $8,280,000 | $9,110,000 |
| Accounts Receivable | $6,293,000 | $5,810,000 | $8,280,000 | $9,110,000 |
| Allowance For Doubtful Accounts Receivable | $-66,000 | $-131,000 | $-171,000 | $-109,000 |
| Gross Accounts Receivable | $6,359,000 | $5,941,000 | $8,451,000 | $9,219,000 |
| Cash Cash Equivalents And Short Term Investments | $48,172,000 | $70,314,000 | $67,267,000 | $38,726,000 |
| Cash And Cash Equivalents | $48,172,000 | $70,314,000 | $67,267,000 | $38,726,000 |
| Non Current Prepaid Assets | - | - | $0 | $54,000 |
| Assets Held For Sale Current | - | - | $0 | $46,000 |
| Current Deferred Assets | - | - | $0 | $20,000 |
| Prepaid Assets | - | - | - | - |
| Debt | ||||
| Net Debt | $174,160,000 | - | - | $88,949,000 |
| Total Debt | $222,399,000 | $47,509,000 | $54,985,000 | $127,838,000 |
| Long Term Debt And Capital Lease Obligation | $209,941,000 | $40,016,000 | $47,492,000 | $111,019,000 |
| Long Term Debt | $209,941,000 | $40,016,000 | $47,459,000 | $110,929,000 |
| Current Debt And Capital Lease Obligation | $12,458,000 | $7,493,000 | $7,493,000 | $16,819,000 |
| Current Debt | $12,391,000 | $7,443,000 | $7,427,000 | $16,746,000 |
| Other Current Borrowings | $12,391,000 | $7,443,000 | $7,427,000 | $16,746,000 |
| Liabilities | ||||
| Total Liabilities Net Minority Interest | $236,419,000 | $55,150,000 | $63,082,000 | $137,274,000 |
| Total Non Current Liabilities Net Minority Interest | $210,233,000 | $40,289,000 | $47,738,000 | $111,175,000 |
| Other Non Current Liabilities | $262,000 | $246,000 | $214,000 | $156,000 |
| Derivative Product Liabilities | $30,000 | $27,000 | $32,000 | $0 |
| Current Liabilities | $26,186,000 | $14,861,000 | $15,344,000 | $26,099,000 |
| Current Deferred Liabilities | $0 | $930,000 | $0 | $1,378,000 |
| Payables And Accrued Expenses | $12,651,000 | $5,649,000 | $7,851,000 | $7,804,000 |
| Payables | $3,425,000 | $2,829,000 | $4,875,000 | $4,915,000 |
| Accounts Payable | $3,408,000 | $2,214,000 | $4,630,000 | $4,580,000 |
| Other Current Liabilities | - | - | - | $98,000 |
| Equity | ||||
| Common Stock Equity | $323,419,000 | $275,228,000 | $233,169,000 | $155,690,000 |
| Preferred Stock Equity | $15,000 | $15,000 | $15,000 | $15,000 |
| Total Equity Gross Minority Interest | $323,434,000 | $275,243,000 | $233,184,000 | $155,705,000 |
| Stockholders Equity | $323,434,000 | $275,243,000 | $233,184,000 | $155,705,000 |
| Gains Losses Not Affecting Retained Earnings | $102,000 | $53,000 | $49,000 | $66,000 |
| Other Equity Adjustments | $102,000 | $53,000 | $49,000 | $66,000 |
| Retained Earnings | $-211,076,000 | $-259,218,000 | $-301,115,000 | $-358,041,000 |
| Other | ||||
| Ordinary Shares Number | $12,432,158 | $12,432,158 | $12,279,676 | $4,187,588 |
| Share Issued | $12,432,158 | $12,432,158 | $12,279,676 | $4,187,588 |
| Tangible Book Value | $323,419,000 | $275,228,000 | $233,169,000 | $155,690,000 |
| Invested Capital | $545,751,000 | $322,687,000 | $288,055,000 | $283,365,000 |
| Working Capital | $31,824,000 | $63,791,000 | $64,570,000 | $27,364,000 |
| Capital Lease Obligations | $67,000 | $50,000 | $99,000 | $163,000 |
| Total Capitalization | $533,375,000 | $315,259,000 | $280,643,000 | $266,634,000 |
| Additional Paid In Capital | $534,269,000 | $534,269,000 | $534,112,000 | $513,623,000 |
| Capital Stock | $139,000 | $139,000 | $138,000 | $57,000 |
| Common Stock | $124,000 | $124,000 | $123,000 | $42,000 |
| Preferred Stock | $15,000 | $15,000 | $15,000 | $15,000 |
| Current Deferred Revenue | $0 | $930,000 | $0 | $1,378,000 |
| Current Capital Lease Obligation | $67,000 | $50,000 | $66,000 | $73,000 |
| Current Provisions | $1,077,000 | $789,000 | - | - |
| Current Accrued Expenses | $9,226,000 | $2,820,000 | $2,976,000 | $2,889,000 |
| Dueto Related Parties Current | $17,000 | $615,000 | $245,000 | $335,000 |
| Net PPE | $498,539,000 | $248,129,000 | $213,554,000 | $236,842,000 |
| Accumulated Depreciation | $-48,149,000 | $-38,812,000 | $-26,050,000 | $-17,689,000 |
| Gross PPE | $546,688,000 | $286,941,000 | $239,604,000 | $254,531,000 |
| Construction In Progress | $48,725,000 | $58,468,000 | $11,303,000 | $0 |
| Other Properties | $125,000 | $84,000 | $143,000 | $235,000 |
| Long Term Capital Lease Obligation | - | $0 | $33,000 | $90,000 |
Fetched: 2026-08-25
Cash Flow Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Free Cash Flow | ||||
| Free Cash Flow | $-231,461,000 | $12,481,000 | $56,040,000 | $-111,729,000 |
| Operating Activities | ||||
| Operating Cash Flow | $50,076,000 | $59,896,000 | $67,955,000 | $33,847,000 |
| Cash Flow From Continuing Operating Activities | $50,076,000 | $59,896,000 | $67,955,000 | $33,847,000 |
| Operating Gains Losses | $-19,452,000 | $-6,000 | $-15,857,000 | $-9,543,000 |
| Investing Activities | ||||
| Capital Expenditure | $-281,537,000 | $-47,415,000 | $-11,915,000 | $-145,576,000 |
| Investing Cash Flow | $-244,589,000 | $-47,415,000 | $25,721,000 | $-112,950,000 |
| Cash Flow From Continuing Investing Activities | $-244,589,000 | $-47,415,000 | $25,721,000 | $-112,950,000 |
| Financing Activities | ||||
| Repurchase Of Capital Stock | $0 | $0 | $-2,749,000 | $0 |
| Issuance Of Capital Stock | $0 | $0 | $12,593,000 | $27,892,000 |
| Financing Cash Flow | $172,460,000 | $-9,434,000 | $-65,135,000 | $109,255,000 |
| Cash Flow From Continuing Financing Activities | $172,460,000 | $-9,434,000 | $-65,135,000 | $109,255,000 |
| Net Other Financing Charges | $-3,710,000 | $-226,000 | $-140,000 | $-932,000 |
| Cash Dividends Paid | $-1,831,000 | $-1,833,000 | $-1,889,000 | $-941,000 |
| Common Stock Dividend Paid | $-1,831,000 | $-1,833,000 | $-1,889,000 | $-941,000 |
| Net Preferred Stock Issuance | $0 | $0 | $482,000 | $0 |
| Preferred Stock Issuance | $0 | $0 | $482,000 | $0 |
| Net Common Stock Issuance | $0 | $0 | $9,362,000 | $27,892,000 |
| Common Stock Issuance | $0 | $0 | $12,111,000 | $27,892,000 |
| Other | ||||
| Repayment Of Debt | $-38,391,000 | $-7,533,000 | $-75,421,000 | $-30,397,000 |
| Issuance Of Debt | $216,392,000 | $0 | $2,141,000 | $113,633,000 |
| Interest Paid Supplemental Data | $4,225,000 | $3,528,000 | $9,135,000 | $3,123,000 |
| End Cash Position | $49,261,000 | $71,314,000 | $68,267,000 | $39,726,000 |
| Beginning Cash Position | $71,314,000 | $68,267,000 | $39,726,000 | $9,574,000 |
| Changes In Cash | $-22,053,000 | $3,047,000 | $28,541,000 | $30,152,000 |
| Proceeds From Stock Option Exercised | $0 | $158,000 | $330,000 | $0 |
| Common Stock Payments | $0 | $0 | $-2,749,000 | $0 |
| Net Issuance Payments Of Debt | $178,001,000 | $-7,533,000 | $-73,280,000 | $83,236,000 |
| Net Long Term Debt Issuance | $178,001,000 | $-7,533,000 | $-73,280,000 | $83,236,000 |
| Long Term Debt Payments | $-38,391,000 | $-7,533,000 | $-75,421,000 | $-30,397,000 |
| Long Term Debt Issuance | $216,392,000 | $0 | $2,141,000 | $113,633,000 |
| Net PPE Purchase And Sale | $-244,589,000 | $-47,415,000 | $25,721,000 | $-112,950,000 |
| Sale Of PPE | $36,948,000 | $0 | $37,636,000 | $32,626,000 |
| Purchase Of PPE | $-281,537,000 | $-47,415,000 | $-11,915,000 | $-145,576,000 |
| Change In Working Capital | $4,508,000 | $3,494,000 | $855,000 | $-1,917,000 |
| Change In Other Working Capital | $-1,016,000 | $930,000 | $-1,358,000 | $1,416,000 |
| Change In Other Current Liabilities | $33,000 | $-17,000 | $-6,000 | $-27,000 |
| Change In Other Current Assets | $-17,000 | $-177,000 | $136,000 | $110,000 |
| Change In Payables And Accrued Expense | $6,620,000 | $-2,541,000 | $13,000 | $1,507,000 |
| Change In Accrued Expense | $6,284,000 | $-244,000 | $87,000 | $1,592,000 |
| Change In Payable | $336,000 | $-2,297,000 | $-74,000 | $-85,000 |
| Change In Account Payable | $934,000 | $-2,667,000 | $16,000 | $-293,000 |
| Change In Prepaid Assets | $-419,000 | $413,000 | $406,000 | $-854,000 |
| Change In Inventory | $-400,000 | $1,654,000 | $834,000 | $1,249,000 |
| Change In Receivables | $-293,000 | $3,232,000 | $830,000 | $-5,318,000 |
| Changes In Account Receivables | $-293,000 | $3,232,000 | $830,000 | $-5,318,000 |
| Other Non Cash Items | $-30,000 | $-658,000 | $-1,301,000 | $-381,000 |
| Stock Based Compensation | $0 | $0 | $52,000 | $107,000 |
| Depreciation Amortization Depletion | $15,077,000 | $13,336,000 | $14,793,000 | $9,281,000 |
| Depreciation And Amortization | $15,077,000 | $13,336,000 | $14,793,000 | $9,281,000 |
| Depreciation | $15,077,000 | $13,336,000 | $14,793,000 | $9,281,000 |
| Gain Loss On Investment Securities | $4,000 | $-6,000 | $-561,000 | - |
| Gain Loss On Sale Of PPE | $-19,456,000 | $0 | $-15,683,000 | $-9,543,000 |
| Net Income From Continuing Operations | $49,973,000 | $43,730,000 | $69,413,000 | $36,300,000 |
| Preferred Stock Payments | - | - | - | $0 |
| Asset Impairment Charge | - | - | - | $0 |
Fetched: 2026-08-25