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Diana Shipping Inc (DE:DSZ)
FRANKFURT:DSZ
Earnings Data
Report Date
May 16, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
>-0.01Last Year’s EPS
>-0.01Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 25, 2025
|% Change Since: 3.90%
|Next Earnings Date:May 16, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong fleet management and strategic financial decisions, including successful chartering strategies and a commitment to ESG. However, the company faced challenges with declining revenue and earnings per share, along with market volatility affecting time charter rates.Company Guidance
During the Diana Shipping Inc. 2024 fourth quarter and year-end conference call, the company provided a comprehensive review of its financial performance and strategic initiatives. For fiscal year 2024, Diana Shipping achieved a fleet utilization rate of 99.7%, underscoring their effective vessel management. The company operates 38 dry bulk vessels, with seven being mortgage-free, and a total deadweight capacity of approximately 4.2 million tons. Financially, Diana Shipping reported a net debt standing at 40% of market value, bolstered by $207 million in cash reserves. The fourth quarter revenue was $57.1 million, a slight decrease from $60 million in the same period last year, while adjusted EBITDA stood at $25.9 million. The company declared a quarterly cash dividend of $0.01 per common share, totaling about $1.1 million. The guidance highlighted the successful refinancing of existing debt, securing $80.2 million through a new term loan facility, and the completion of a $25 million tap issue under their outstanding senior unsecured bond. Looking ahead, contracted revenues for the remaining ownership days of 2025 are projected at $124.8 million, with $30 million for 2026. Additionally, Diana Shipping's strategy includes fleet modernization with the anticipated delivery of two methanol dual-fuel newbuilding Kamsarmax vessels and an emphasis on an ongoing environmental, social, and governance (ESG) strategy.Fleet Utilization and Management
Fleet utilization reached 99.7% for the fiscal year 2024, indicating effective vessel management. Diana Shipping operates a fleet of 38 dry bulk vessels, with an average age of 11.4 years and a total deadweight capacity of approximately 4.2 million tons.
Successful Financial Moves
Secured revenues for 63% of the remaining ownership days of 2025, amounting to approximately $125 million, and 10% of available ownership days in 2026, amounting to approximately $30 million. The company holds significant cash reserves of $207 million.
Chartering Strategy
Secured favorable time charters for multiple vessels with daily rates ranging from $11,260 to $18,312, showcasing a disciplined chartering strategy to ensure earnings visibility and resilience against market downturns.
ESG Commitment
Released the fifth annual ESG report, highlighting the company's commitment to sustainability and eco-friendly technologies.
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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
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DE:DSZ Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 25, 2025 | €1.69 | €1.68 | -1.00% |
| Nov 25, 2024 | €1.95 | €1.76 | -9.25% |
| Jul 31, 2024 | €2.34 | €2.30 | -1.75% |
| May 28, 2024 | €2.66 | €2.66 | -0.15% |
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.
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FAQ
When does Diana Shipping Inc (DE:DSZ) report earnings?
Diana Shipping Inc (DE:DSZ) is schdueled to report earning on May 16, 2025, TBA Not Confirmed.
What is Diana Shipping Inc (DE:DSZ) earnings time?
Diana Shipping Inc (DE:DSZ) earnings time is at May 16, 2025, TBA Not 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 Inc 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 2025 (Q1) is >-0.01.
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