Heidmar Maritime (NASDAQ:HMR) reported a sharp first-quarter turnaround as higher tanker rates, fleet additions and lower general and administrative expenses boosted earnings, Chief Executive Officer Pankaj Khanna said on the company’s earnings call.
For the three months ended March 31, 2026, Heidmar reported consolidated net income of $2.8 million, or $0.05 per basic share, compared with a net loss of $6 million, or $0.10 per share, in the same period of 2025. Khanna said results included $0.6 million of non-cash stock-based compensation tied to share awards granted under the company’s equity incentive plan.
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