Resultatfall for Höegh Autoliners – reduserer utbyttet

Höegh Autoliners released financial results for the second quarter on Thursday, surpassing analysts' expectations across the board. Analysts had anticipated earnings of $367 million for the quarter, according to Bloomberg. The company’s operating result (EBITDA) was forecasted to be $120 million, with pre-tax earnings estimated at $80 million.

The shipping firm, a top dividend favorite on Oslo Børs, has now significantly reduced its payout to $0.0839 per share, totaling $16 million for the quarter. First-quarter payouts were $94 million, and for Q4 2025, it was $99 million. Higher fuel costs, triggered by oil price surges due to conflict in the Middle East, were the primary concern for shipping companies, as higher fuel prices have a negative impact on earnings, with a 5-6 month lag before they are reflected in revenues.

Analysts had warned that a compensation lag for higher fuel costs could weigh on results. However, this could improve later in the year as the company collects more from the rise in prices. The company's shares have been around 96 percent since early this year, ahead of the daily release. Competitor Wallenius Wilhelmsen, which released its quarterly results last week, has risen by around 64 percent this year.