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Diana Shipping (DE:DSZ)
NYSE:DSZ
Earnings Data
Report Date
May 15, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.02Last Year’s EPS
>-0.01Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a largely constructive operational and strategic picture: very high fleet utilization, a predominantly fixed revenue book for 2026 above the company's breakeven level, improved full-year net income, disciplined chartering and clear ESG and fleet modernization progress. Counterbalancing these positives were meaningful Q4 declines in revenue and EBITDA, a substantial year-over-year cash decline driven by strategic investments (including the large Genco stake) and higher per-day operating expenses. The company's secured revenues, conservative leverage (net LTV ~51%), and charter coverage provide resilience and visibility, while short-term profitability and liquidity metrics were impacted by transitional items and one-time uses of cash.Company Guidance
Very High Fleet Utilization
Fleet utilization reached 99.7% for the year ended Dec 31, 2025 (Q4 utilization cited as 100%), demonstrating effective vessel management and near-full deployment of the fleet.
Strong Contracted Revenues and Earnings Visibility
As of Feb 18, 2026, approximately $153.0 million of contracted revenues secured for ~76% of ownership days in 2026 (average fixed time charter rate $17,670/day). Total secured revenues noted at ~$175.6 million, with only 24% of 2026 days unfixed, providing downside protection and short-term revenue visibility.
Full-Year Profitability Improvement
Net income for 2025 increased to $17.8 million from $12.7 million in 2024 (up $5.1 million). Net income attributable to common shareholders rose to $12.1 million from $7.0 million year-over-year.
Average Time Charter Equivalent (TCE) Improved for Full Year
Full-year time charter equivalent improved to $15,454 in 2025 from $15,267 in 2024, indicating modest TCE improvement year-over-year despite a smaller average fleet.
Disciplined Chartering Strategy and Recent Charter Activity
Q4–Feb 19 chartering secured time charters for 12 vessels: 3 Ultramax at avg $14,700/day (avg 410 days), 5 Kamsarmax + 4 Panamax at avg $14,500/day (avg 397 days), and 4 Capesize at avg $24,300/day (avg 409 days). Average contract duration across fixed book is 1.24 years, supporting staggered maturities and reduced rollover risk.
Breakeven vs. Fixed Rates Provides Downside Protection
Cash flow breakeven rate of $16,883/day vs. average fixed time charter rate of $17,670/day for secured 2026 days, implying contracted coverage above breakeven for a majority of days.
Liquidity and Conservative Leverage Metrics
Cash of $122.3 million at quarter-end and net loan-to-value/net debt at ~51% of market value (net LTV ~51%) supported by diversified debt mix (secured bank debt, $175M senior unsecured bond, sale-leaseback facilities).
Capital Allocation and Shareholder Returns
Declared quarterly cash dividend of $0.01 per common share (~$1.16 million). Cumulative dividends since 2021 total $2.70 per common share. Also completed share repurchases ($23M) and executed strategic investments (including Genco stake).
ESG and Fleet Modernization Progress
Achieved CDP score of B and received a 31% investor-focused ESG score from S&P Global. Fleet average age ~12 years with two methanol dual-fuel Kamsarmax newbuilds expected end-2027/early-2028, indicating ongoing fleet modernization.
DE:DSZ Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
DE:DSZ Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 26, 2026 | €2.11 | €2.14 | +1.71% |
Nov 20, 2025 | €1.46 | €1.53 | +5.29% |
Jul 30, 2025 | €1.35 | €1.38 | +2.52% |
May 29, 2025 | €1.24 | €1.19 | -4.34% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Diana Shipping (DE:DSZ) report earnings?
Diana Shipping (DE:DSZ) is schdueled to report earning on May 15, 2026, Before Open (Confirmed).
What is Diana Shipping (DE:DSZ) earnings time?
Diana Shipping (DE:DSZ) earnings time is at May 15, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Diana Shipping stock?
The P/E ratio of Diana Shipping is N/A.
What is DE:DSZ EPS forecast?
DE:DSZ EPS forecast for the fiscal quarter 2026 (Q1) is 0.02.