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 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

Earnings data Q4 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.

Diana Shipping reports mixed Q3 performance, emphasizes financial stability and ESG

Diana Shipping's Q3 2024 earnings call highlighted a mixed performance across vessel segments, with a strong focus on maintaining financial stability and advancing ESG goals. Despite revenue challenges, the company's strategic chartering activities and dividend declaration reflect a balanced approach to navigating market conditions.

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

ATHENS, Greece, Nov.  12, 2019  (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX) (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced the commencement of a tender offer to purchase up to 2,739,726 shares, or about 2.9%, of its outstanding common stock using funds available from cash and cash equivalents at a price of $3.65 per share. The tender offer will expire at the end of the day, 5:00 P.M., Eastern Time, on December 11, 2019, unless extended or withdrawn. The Board of Directors determined that it is in the Company’s best interest to repurchase shares at this time given Diana Shipping’s cash position and stock price. The tender offer is not conditioned upon any minimum number of shares being tendered; however, the tender offer is subject to a number of other terms and conditions. Specific instructions and an explanation of the terms and conditions of the tender offer are contained in the Offer to Purchase and related materials that are being mailed to shareholders.

Diana Shipping Inc. Commences Self Tender Offer to Purchase up to 2,739,726 Shares

Diamond S Shipping

Golar LNG

Low fuel costs are likely to have aided the third-quarter performance of transportation companies.

3 Transportation Stocks Likely to Beat Q3 Earnings Estimates

ATHENS, Greece, Nov.  07, 2019  (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership 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 2005-built vessel “Clio”, with delivery to the buyer latest by November 29, 2019, for a sale price of US$7.4 million before commissions.

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

ATHENS, Greece, Nov.  05, 2019  (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced the cancellation of the time charter contract with Al Ghurair Resources International L.L.C., Dubai, for one of its Post-Panamax dry bulk vessels, the m/v Polymnia, as announced on October 10, 2019. Charterers have exercised their right to cancel the time charter contract since the vessel was not delivered, due to unforeseen events, unrelated to the condition of the vessel, during the pre-agreed period. The m/v Polymnia is currently chartered, as previously announced, to Cargill International S.A., Geneva, at a gross charter rate of US$16,000 per day, minus a 4.75% commission paid to third parties. At the moment the Company is seeking a replacement charter for the m/v Polymnia.

Diana Shipping Inc. Announces Cancellation of Time Charter Contract for M/V Polymnia

Diana Shipping (DSX) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Will Diana Shipping (DSX) Gain on Rising Earnings Estimates?

ATHENS, Greece, Oct.  25, 2019  (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX) (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced the appointment of Ms. Semiramis Paliou to the office of Deputy Chief Executive Officer, effective immediately. Ms. Paliou has served as a director of the Company since 2015 and as Chief Operating Officer since 2018, and will continue to serve in these roles. It is expected that the Company’s current Chief Executive Officer and Chairman, Mr. Simeon Palios, will remain fully engaged in his current role. The appointment was made by the unanimous decision of the board of directors upon the recommendation of the Company’s independent Nominating Committee. 

Diana Shipping Inc. Announces Appointment of Deputy Chief Executive Officer

ATHENS, Greece, Oct.  18, 2019  (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX) (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced the final results of its tender offer to purchase up to 2,816,900 shares of its common stock, par value of US$0.01 per share (the "common stock"), at a price of US$3.55 per share, net to the seller in cash, less any applicable withholding taxes and without interest. The tender offer expired at 11:59 P.M., Eastern Time, on October 11, 2019.

Diana Shipping Inc. Announces Final Results of Self Tender Offer for Shares of Common Stock.

ATHENS, Greece, Oct.  10, 2019  (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Al Ghurair Resources International L.L.C., Dubai, for one of its Post-Panamax dry bulk vessels, the m/v Polymnia. The gross charter rate is US$14,500 per day, minus a 5% commission paid to third parties, for a period of minimum twelve (12) months to about fourteen (14) months. The charter is expected to commence on October 23, 2019.

Diana Shipping Inc. Announces Time Charter Contract for M/V Polymnia

ATHENS, GREECE, Sept.  30, 2019  (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX) (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced that the Company is amending its previously announced tender offer to purchase up to 1,408,450 shares of its outstanding common stock at a price of $3.55 per share. Under the amended terms, the Company is now offering to purchase up to 2,816,900 shares of its common stock at the same price of $3.55 per share.  The Company is also extending the expiration date of the tender offer. The tender offer, which was previously set to expire at 5:00 P.M., Eastern Time, on October 4, 2019, is now set to expire at 11:59 P.M., Eastern Time, on October 11, 2019, unless further extended or withdrawn. The tender offer otherwise remains subject to all previously announced terms and conditions.

Diana Shipping Inc. Announces Extension and Increase of Tender Offer for Shares of Common Stock

ATHENS, Greece, Sept.  12, 2019  (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX) (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced the filing of a supplement to its Offer to Purchase (the “OTP”) dated as of September 6, 2019 relating to the Company’s tender offer to purchase up to 1,408,450 shares, or about 1.5%, of its outstanding common stock using funds available from cash and cash equivalents at a price of $3.55 per share, which tender offer will expire at the end of the day, 5:00 P.M., Eastern Time, on October 4, 2019, unless extended or withdrawn. The Company has filed Supplement No. 1 to Offer to Purchase dated September 12, 2019, as an exhibit to Amendment No. 1 to Schedule TO dated September 12, 2019 (“Amendment No. 1 to Schedule TO”) and may be accessed from the Securities and Exchange Commission’s website at www.sec.gov.

Diana Shipping Inc. Announces Amendment of Offer to Purchase Relating to Its Self Tender Offer for Shares of Common Stock

ATHENS, Greece, Sept.  06, 2019  (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX) (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced the commencement of a tender offer to purchase up to 1,408,450 shares, or about 1.5%, of its outstanding common stock using funds available from cash and cash equivalents at a price of $3.55 per share. The tender offer will expire at the end of the day, 5:00 P.M., Eastern Time, on October 4, 2019, unless extended or withdrawn. The Board of Directors determined that it is in the Company’s best interest to repurchase shares at this time given Diana Shipping’s cash position and stock price. The tender offer is not conditioned upon any minimum number of shares being tendered; however, the tender offer is subject to a number of other terms and conditions. Specific instructions and an explanation of the terms and conditions of the tender offer are contained in the Offer to Purchase and related materials that are being mailed to shareholders.

Diana Shipping Inc. Commences Self Tender Offer to Purchase Up to 1,408,450 Shares

Diana Shipping Inc. (DSX) CEO Simeon Palios on Q2 2019 Results - Earnings Call Transcript

Bluegreen Vacations

Innovative Industrial Properties

The broader market was mostly mixed, but these companies stood out.

Why Innovative Industrial Properties, Bluegreen Vacations, and Diana Shipping Jumped Today

Diana Shipping Inc. (DSX) CEO Simeon Palios on Q1 2019 Results - Earnings Call Transcript

Diana Shipping (DSX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

News for Diana Shipping Stock (DSX)