Diana Shipping

Diana Shipping, Inc. operates as a holding company, which engages in the provision of shipping transportation services through the ownership and operation of dry bulk vessels. Its vessels are being employed primarily on medium to long-term time charters and transport a range of dry bulk cargoes, including such commodities as iron ore, coal, grain, and other materials along worldwide shipping routes. The company was founded on March 8, 1999 and is headquartered in Athens, Greece.

Earnings data Q4 2020

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Diana Shipping reports robust earnings, poised for strategic growth

Diana Shipping's Q4 2022 earnings call highlighted a successful year, strong financial performance, and strategic growth initiatives.
The company's commitment to shareholder value, fleet expansion plans, and focus on market dynamics position it well for future opportunities.
While facing challenges in the market environment, Diana Shipping remains resilient, adaptive, and poised to navigate industry headwinds effectively.

Diana Shipping reports profitable Q1 earnings, navigates debt challenges

Diana Shipping's Q1 2023 earnings call reflects a resilient performance, strong operational capabilities, and strategic financial decisions. While facing challenges such as high net debt and market uncertainties, the company is well-positioned to leverage opportunities for growth and profitability.

Diana Shipping reports resilient Q2 earnings amidst market challenges

Diana Shipping's Q2 2023 performance reflects resilience and operational strength amid market challenges, supported by strategic financial decisions and revenue visibility.
The company's dividend declaration, bond repurchase, and liquidity position underscore a commitment to shareholder value and financial stability.
While facing industry challenges and uncertainties, Diana Shipping remains positioned to leverage opportunities in securing profitable charters and optimizing its financial performance.

Diana Shipping reports profitable Q3, eyes growth amid market challenges

Diana Shipping's Q3 2023 performance was strong, with profitable results and a focus on securing revenue. The company faces challenges related to debt and market uncertainties but has opportunities for growth through strategic initiatives.
With a fleet of 42 vessels and high utilization rates, Diana Shipping aims to modernize its fleet and generate positive cash flows. The company's financial position remains stable with no debt maturities until 2026.

Diana Shipping reports resilient performance and strategic growth opportunities

Diana Shipping's Q4 2023 performance reflects resilience, operational efficiency, and strategic foresight amidst market challenges.
Strengths include dividend declaration, fleet enhancements, and industry recognition, bolstering shareholder confidence and market positioning.
Challenges lie in market uncertainties and debt management, while opportunities in chartering and sustainability offer avenues for growth and differentiation.

Diana Shipping excels in Q1 2024, eyes sustainable growth

Diana Shipping's strong Q1 2024 performance, strategic fleet management, and financial stability position the company for continued success.
While challenges like high long-term debt exist, opportunities in fleet expansion, sustainability efforts, and market monitoring offer avenues for growth.
By balancing operational efficiency, financial prudence, and strategic growth initiatives, Diana Shipping aims to navigate industry dynamics and deliver value to stakeholders.

Diana Shipping maintains operational resilience amidst market challenges in Q2

Diana Shipping's Q2 2024 performance reflects operational resilience with a focus on fleet efficiency and financial stability. The company faces challenges from market volatility and operational metrics decline but maintains a strong position with high fleet utilization and ESG commitments.
Key strengths include ESG initiatives, stakeholder relationships, and financial prudence. Opportunities lie in leveraging market developments, exploring new segments, and embracing technology for growth. Strategic focus on balance sheet strength and shareholder value creation underpins the company's long-term strategy.
Navigating challenges in the dry bulk carrier market, Diana Shipping remains proactive in addressing operational and market uncertainties. The company's commitment to ESG standards and modernization efforts align with industry trends, positioning it for sustainable growth. Opportunities for expansion and innovation offer avenues for future success.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Danaos

Euroseas

ZIM Integrated Shipping Services

Standing out in terms of value including enticing dividends, a few Zacks Transportaion-Shipping Industry stocks are making the case for being bargains and here are several to consider.

The Transportation Sector is Highlighting Top Value Stocks to Buy in March

Diana Shipping (DSX) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

What Makes Diana Shipping (DSX) a New Buy Stock

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Is Diana Shipping (DSX) Stock Undervalued Right Now?

ATHENS, Greece, March 01, 2024 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Louis Dreyfus Company Freight Asia Pte. Ltd., for one of its Ice Class Panamax dry bulk vessels, the m/v Crystalia. The gross charter rate is US$13,900, minus a 5% commission paid to third parties, for a period of minimum twenty-one (21) months to maximum twenty-five (25) months. The charter is expected to commence during the second quarter of 2024.

Diana Shipping Inc. Announces Time Charter Contract for m/v Crystalia With Louis Dreyfus Company

Diana Shipping Inc. (DSX) Q4 2023 Earnings Call Transcript

ATHENS, Greece, Feb. 23, 2024 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today reported net income of $9.4 million and net income attributed to common stockholders of $7.9 million for the fourth quarter of 2023. This compares to net income of $25.7 million and net income attributed to common stockholders of $24.2 million for the fourth quarter of 2022. Earnings per share for the fourth quarter of 2023 was $0.08 basic and $0.06 diluted, compared to earnings per share of $0.28 basic and $0.27 diluted in the same quarter of 2022.

Diana Shipping Inc. Reports Financial Results for the Fourth Quarter and Year Ended December 31, 2023; Declares Cash Dividend of $0.075 Per Share for the Fourth Quarter 2023; Announces the Sale of a Capesize Dry Bulk Vessel, the m/v Houston

Aberdeen Income Credit Strategies Fund

Eagle Point Credit

Global Net Lease

Medical Properties Trust

Orchid Island Capital

TPG RE Finance Trust

CVR Partners

AGNC Investment

Berry Petroleum Corp.

Oxford Lane Capital

TCP Capital

These stocks can also appreciate just like any other stock. Potentially, this can boost your overall return if you decide to sell at a later date.

Want $3000 In Passive Income? Invest $1250 Into These 12 Dividend Stocks

Invesco Mortgage Capital

Passive income is one way to make your money work for you. While passive income can come through many avenues, one way to get a steady stream is through dividend-paying stocks.

Want $3000 in Passive Income? Invest $1000 into These 15 Dividend Stocks

ATHENS, Greece, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that it has signed shipbuilding contracts for two 81,200 dwt methanol dual fuel new-building Kamsarmax dry bulk vessels, for a purchase price of US$46 million each. As previously announced in September 2023, the Company placed the order through an unaffiliated third-party nominee of Marubeni Corporation, for the two vessels to be built at Tsuneishi Group (Zhoushan) Shipbuilding Inc., China. The vessels are expected to be delivered to the Company by the second half of 2027 and the first half of 2028, respectively.

Diana Shipping Inc. Announces the Signing of Shipbuilding Contracts for Two 81,200 Dwt Methanol Dual Fuel New-Building Kamsarmax Dry Bulk Vessels

Diana Shipping is following a defensive approach by signing medium to long-term time charters, thus securing long-term return visibility. The company's dividend will probably be slashed, but still would present a nice dividend yield opportunity. The technical picture suggests a potential reversal in the share price, making it a good point of entry for investors.

The Strong Bull Case For Diana Shipping

ATHENS, Greece, Feb. 09, 2024 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Ming Wah International Shipping Company Limited, for one of its Kamsarmax dry bulk vessels, the m/v Leonidas P. C. The gross charter rate is US$17,000, minus a 5% commission paid to third parties, for a period until minimum August 20, 2025 up to maximum October 20, 2025. The charter is expected to commence on February 21, 2024.

Diana Shipping Inc. Announces Time Charter Contract for m/v Leonidas P. C. With Ming Wah

ATHENS, Greece, Feb. 06, 2024 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that its financial results for the fourth quarter and year ended December 31, 2023 are scheduled to be released before the opening of the U.S. financial markets on Friday, February 23, 2024.

Diana Shipping Inc. Announces the Date for the 2023 Fourth Quarter and Year-End Financial Results, Conference Call and Webcast

ATHENS, Greece, Feb. 01, 2024 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Nippon Yusen Kabushiki Kaisha, Tokyo, for one of its Newcastlemax dry bulk vessels, the m/v Philadelphia. The gross charter rate is US$22,500, minus a 5% commission paid to third parties, for a period until minimum April 20, 2025 up to maximum July 20, 2025. The charter is expected to commence on February 5, 2024.

Diana Shipping Inc. Announces Time Charter Contract for m/v Philadelphia With NYK Line

ATHENS, Greece, Jan. 23, 2024 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to sell to an unaffiliated third party, the 2006-built vessel “Artemis”, with delivery to the buyer latest by March 8, 2024, for a sale price of US$12.99 million before commissions.

Diana Shipping Inc. Announces the Sale of a Panamax Dry Bulk Vessel, the m/v Artemis

ATHENS, Greece, Jan. 22, 2024 (GLOBE NEWSWIRE) --  Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that its previously announced joint venture (“Windward Offshore”) with Blue Star Group GmbH & Cie. KG, SeaRenergy Offshore Holding GmbH and SeraVerse GmbH to purchase offshore wind service vessels (“CSOVs”) has excercised its option to acquire two additional newbuilding CSOVs from VARD. Following the completion of the acquisition of the two additional CSOVs, the Windward Offshore will have contracts to acquire four CSOVs, with deliveries scheduled to occur between the third quarter of 2025 and the third quarter of 2026.

Diana Shipping Inc. Announces Expansion of Previously Announced Joint Venture for Offshore Wind Service Vessels

ATHENS, Greece, Jan. 22, 2024 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with ST Shipping and Transport Pte. Ltd., for one of its Panamax dry bulk vessels, the m/v Maera. The gross charter rate is US$13,750, minus a 5% commission paid to third parties, for a period until minimum November 20, 2024 up to maximum January 20, 2025. The charter is expected to commence on January 28, 2024. The m/v Maera is currently chartered, as previously announced, to Cargill International S.A., Geneva, at a gross charter rate of US$12,000 per day, minus a 4.75% commission paid to third parties.

Diana Shipping Inc. Announces Time Charter Contract for m/v Maera with ST Shipping

ATHENS, Greece, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Stone Shipping Ltd, for one of its Ultramax dry bulk vessels, the m/v DSI Aquarius. The gross charter rate is US$14,500, minus a 5% commission paid to third parties, for a period until minimum December 1, 2024 up to maximum February 1, 2025. The charter is expected to commence on January 19, 2024.

Diana Shipping Inc. Announces Time Charter Contract for m/v DSI Aquarius With Stone Shipping

ATHENS, Greece, Jan. 09, 2024 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has extended the time charter contract with Cobelfret S.A., Luxembourg, for one of its Post-Panamax dry bulk vessels, the m/v Amphitrite. The gross charter rate is US$12,250 per day for the first thirty (30) days of the charter period and US$15,000 per day for the balance period of the time charter, in each case minus a 5% commission paid to third parties, for a period until minimum November 15, 2024 up to maximum January 15, 2025. The new charter period is expected to commence on January 12, 2024.

Diana Shipping Inc. Announces Direct Continuation of Time Charter Contract for m/v Amphitrite

ATHENS, Greece, Dec. 22, 2023 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Cargill Ocean Transportation (Singapore) Pte. Ltd. for one of its Ultramax dry bulk vessels, the m/v DSI Pollux. The gross charter rate is US$14,000 per day, minus a 4.75% commission paid to third parties, for a period until minimum August 20, 2025 up to maximum October 20, 2025. The charter is expected to commence on December 27, 2023.

Diana Shipping Inc. Announces Time Charter Contract for m/v DSI Pollux With Cargill Ocean Transportation

ATHENS, Greece, Dec. 19, 2023 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced the release of its Environmental, Social and Governance Report (the “ESG Report”), for the year ended December 31, 2022. The ESG Report provides an overview of the Company's policies and practices relating to its environmental, social and governance commitments. The ESG Report is available on the Company's website at www.dianashippinginc.com .

Diana Shipping Inc. Announces Release of Its 2022 Environmental, Social and Governance Report

Investors need to pay close attention to Diana Shipping (DSX) stock based on the movements in the options market lately.

Is the Options Market Predicting a Spike in Diana Shipping (DSX) Stock?

ATHENS, Greece, Nov. 28, 2023 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Kawasaki Kisen Kaisha, Ltd. for one of its Capesize dry bulk vessels, the m/v New Orleans. The gross charter rate is US$20,000 per day, minus a 5% commission paid to third parties, for a period until minimum August 15, 2025 up to maximum October 31, 2025. The charter is expected to commence on December 7, 2023.

Diana Shipping Inc. Announces Time Charter Contract for m/v New Orleans With Kawasaki

ATHENS, Greece, Nov. 20, 2023 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that its Board of Directors has declared a distribution of warrants (the “Warrants”) to holders of the Company's common stock (the “Holders”) as of December 6, 2023 (the “Record Date”). Holders may exercise their Warrants for shares of common stock as will be specified under the terms in the warrant agreement.

Diana Shipping Inc. Announces Pro-Rata Distribution of Warrants to Purchase Common Stock

ATHENS, Greece, Nov. 20, 2023 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Bunge SA, Geneva, for one of its Ultramax dry bulk vessels, the m/v DSI Andromeda. The gross charter rate is US$13,500 per day, minus a 5% commission paid to third parties, for a period until minimum February 20, 2025 up to maximum April 20, 2025. The charter is expected to commence on November 24, 2023.

Diana Shipping Inc. Announces Time Charter Contract for m/v DSI Andromeda With Bunge

ARMOUR Residential REIT

Icahn Enterprises

Office Properties Income Trust

TORM

Operating under the mantra of ‘more is better,' some income-focused investors seek out the highest-yielding dividend stocks out there. Yet if you think that a super-high yield may in theory sound like an easy path to high returns, it may be best to keep in mind the old adage, “there's no such thing as a free lunch.

News for Diana Shipping Stock (DSX)