The 60% EPS miss is a clear negative signal, but the 203% revenue growth and fleet expansion provide a counter-narrative. Monitor the Q3 2026 earnings call for guidance on whether the revenue growth trajectory can sustain margin improvement and close the EPS gap.
Price Chart
Executive Summary
Heidmar reported Q2 2026 EPS of $0.04, a 60% miss vs the $0.10 consensus estimate, though total revenue surged 203% YoY to $29.0M driven by fleet expansion. The company also regained Nasdaq compliance and completed a small accretive acquisition, but the significant EPS miss and volatile tanker market backdrop temper the positive revenue growth narrative.
Key Financial Metrics
Key Facts
- Q2 2026 EPS of $0.04 missed consensus of $0.10 by 60%
- Total revenue of $29.0M was up 203% YoY from $9.6M
- Net income attributable to shareholders was $2.2M vs a loss of $13.7M in Q2 2025
- Cash and cash equivalents stood at $28.7M as of June 30, 2026
- Regained Nasdaq compliance on June 2, 2026 after bid price fell below $1.00
- Completed acquisition of Q-Shipping B.V. for ~$0.2M cash, adding 9 vessels to managed fleet
- Managed fleet grew to ~60 vessels under commercial management and 20 under technical management
Financial Impact
EPS miss of $0.06 per share (60% below consensus) on a market cap of $82M
Risk Factors
- Geopolitical disruption in the Middle East and Red Sea could further disrupt tanker operations and freight rates
- The company's asset-light model depends on vessel availability and charter rates, which are highly volatile
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3354032 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 1, 2026 8w ago | Press Release | $1.24 $1.70 | ▼ −37.10% | ▼ −35.92% | $1.90 (−53.23%) |
Jun 11, 2026 19w ago | EFFECT | $1.46 $1.14 | ▼ −21.92% | ▼ −23.81% | $1.90 (+30.14%) |
May 20, 2026 22w ago | Press Release | $1.16 $1.14 | ▼ −1.72% | ▼ −2.06% | $1.90 (+63.79%) |
May 4, 2026 25w ago | 6-K | $0.7900 $1.56 | ▲ +97.47% | ▲ +92.51% | $1.90 (+140.51%) |
Apr 24, 2026 26w ago | 6-K | $0.7850 $1.57 | ▼ −100.00% | ▼ −95.04% | $1.90 (−142.04%) |
Mar 24, 2026 31w ago | Press Release | $0.8560 $0.7900 | ▼ −7.71% | ▼ −16.61% | $1.90 (+121.96%) |
Mar 18, 2026 31w ago | Press Release | $0.8630 $0.8350 | ▼ −3.24% | ▼ −10.87% | $1.90 (+120.16%) |
US Market Status
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