Top Page
Diana Shipping
(NYSE:DSX)
Diana Shipping (DSX) vs. SPDR S&P 500 ETF (SPY)
Diana Shipping Business Overview & Revenue Model
Diana Shipping Earnings Call Summary
Diana Shipping Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 218.56M | 228.21M | 262.10M | 289.97M | 214.20M | 169.73M |
| Gross Profit | 92.06M | 132.01M | 113.21M | 167.67M | 93.39M | 27.37M |
| EBITDA | 107.51M | 97.90M | 130.17M | 181.38M | 102.65M | -68.00M |
| Net Income | 24.43M | 12.75M | 49.84M | 119.06M | 57.39M | -134.20M |
Balance Sheet | ||||||
| Total Assets | 1.18B | 1.17B | 1.17B | 1.18B | 842.16M | 872.41M |
| Cash, Cash Equivalents and Short-Term Investments | 248.01M | 188.17M | 162.32M | 122.93M | 126.79M | 82.91M |
| Total Debt | 651.11M | 637.52M | 642.77M | 663.44M | 423.68M | 420.31M |
| Total Liabilities | 684.13M | 665.96M | 677.39M | 695.59M | 448.75M | 443.84M |
| Stockholders Equity | 499.73M | 505.06M | 489.02M | 487.33M | 393.40M | 428.57M |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 59.30M | 38.64M | -72.11M | 70.71M | 11.10M |
| Operating Cash Flow | 23.32M | 83.53M | 70.38M | 158.86M | 89.70M | 17.23M |
| Investing Cash Flow | -74.05M | -39.78M | 24.93M | -273.10M | 13.36M | 10.48M |
| Financing Cash Flow | 52.25M | -21.67M | -71.14M | 84.88M | -59.19M | -73.10M |
Diana Shipping Technical Analysis
Diana Shipping Risk Analysis
Diana Shipping Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $409.54M | 3.37 | 31.33% | 4.38% | 7.26% | 6.60% | |
76 Outperform | $252.19M | 3.99 | 9.68% | ― | 13.82% | -10.37% | |
70 Outperform | $211.99M | 13.80 | 5.66% | 4.98% | -8.99% | -68.66% | |
65 Neutral | $200.29M | 10.61 | 4.91% | 2.27% | -5.45% | 139.59% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
51 Neutral | $23.67M | -4.01 | -3.35% | ― | 11.80% | -186.40% | |
46 Neutral | $18.74M | ― | -8.88% | ― | -19.63% | -144.86% |
Diana Shipping Corporate Events
On November 20, 2025, Diana Shipping Inc. announced its financial results for the third quarter and nine months ended September 30, 2025. The company reported a net income of $7.2 million for the third quarter, a significant increase from $3.7 million in the same period of 2024. However, time charter revenues decreased to $51.9 million due to the sale of vessels. For the nine-month period, net income rose to $14.7 million, compared to $3.0 million in 2024. The company declared a cash dividend of $0.01 per share for the third quarter, payable on December 17, 2025, reflecting its improved financial performance.
On November 20, 2025, Diana Shipping Inc. released an investor presentation as part of its Form 6-K filing with the Securities and Exchange Commission. This presentation is aimed at providing stakeholders with insights into the company’s operational strategies and financial performance. The release of this information is expected to enhance transparency and potentially influence investor perceptions and market positioning.
On November 17, 2025, Diana Shipping Inc. announced a new time charter contract for its Post-Panamax vessel, m/v Electra, with Oldendorff Carriers GmbH & Co. KG. The contract, commencing on December 4, 2025, is expected to generate approximately $5 million in gross revenue over its term. Additionally, the company terminated a previously announced sale agreement for the Ultramax vessel m/v DSI Drammen, which was initially scheduled for delivery by October 31, 2025. These strategic decisions reflect Diana Shipping’s ongoing efforts to optimize its fleet operations and maintain its market position in the dry bulk shipping industry.
On November 10, 2025, Diana Shipping Inc. announced a new time charter contract for its Capesize dry bulk vessel, the m/v Santa Barbara, with Dampskibsselskabet Norden A/S. The charter, set to commence on November 29, 2025, will generate approximately $11.48 million in gross revenue for the company, enhancing its operational revenue stream and strengthening its market position in the dry bulk shipping industry.
On November 3, 2025, Diana Shipping Inc. announced a new time charter contract with MOL Ocean Bulk Pte. Ltd. for its Newcastlemax dry bulk vessel, m/v Los Angeles, with a charter rate of $24,000 per day, commencing November 1, 2025. Additionally, the company extended a time charter contract with Bunge SA for its Ultramax vessel, m/v DSI Aquarius, starting November 8, 2025, at a rate of $14,500 per day. These contracts are expected to generate approximately $12.55 million in gross revenue, reinforcing Diana Shipping’s operational stability and market presence.
On October 22, 2025, Diana Shipping Inc. announced the extension of a time charter contract for its Capesize dry bulk vessel, the m/v Semirio, with Solebay Shipping Cape Company Limited, Hong Kong. The new charter period, commencing on March 15, 2026, will see an increased gross charter rate of $21,650 per day. Additionally, Diana Shipping entered into a new time charter contract for its Panamax vessel, the m/v Maera, with CRC Shipping Pte. Ltd., Singapore, starting November 2, 2025, at a gross rate of $11,750 per day. These contracts are expected to generate approximately $10.93 million in gross revenue, enhancing the company’s operational revenue and market positioning.
On October 15, 2025, Diana Shipping Inc. announced a new time charter contract with SwissMarine Pte. Ltd. for its Capesize dry bulk vessel, the m/v New Orleans. The contract, commencing on October 28, 2025, is set at a gross charter rate of $26,000 per day, minus a 5% commission, and is expected to generate approximately $10.22 million in gross revenue for the minimum period of the charter. This move is part of Diana Shipping’s ongoing strategy to optimize its fleet operations and enhance revenue generation, strengthening its position in the global shipping industry.
On September 29, 2025, Diana Shipping Inc. successfully signed a US$55.0 million six-year secured term loan facility with National Bank of Greece S.A., which was fully drawn down immediately. This strategic move, secured by five vessels, aims to optimize the company’s capital structure and enhance its operational and investment flexibility, reflecting its commitment to maintaining a robust financial position in the global shipping industry.
On September 29, 2025, Diana Shipping Inc. announced a new time charter contract for its Ultramax dry bulk vessel, the m/v DSI Aquila, with Bunge SA, Geneva. The charter, commencing on October 12, 2025, is set at a gross rate of $14,500 per day, minus a 5% commission, and is expected to generate approximately $7.15 million in gross revenue for the minimum scheduled period. This contract reflects Diana Shipping’s strategic efforts to optimize its fleet utilization and strengthen its market position in the dry bulk shipping industry.
On September 22, 2025, Diana Shipping Inc. announced the release of its Environmental, Social and Governance (ESG) Report for the year ending December 31, 2024. The report outlines the company’s policies and practices related to its ESG commitments, emphasizing its dedication to sustainability, equity, and strategic growth. This release highlights the company’s focus on long-term innovation and positions its workforce as a key competitive advantage.
On September 23, 2025, Diana Shipping Inc. announced a new time charter contract with Nippon Yusen Kabushiki Kaisha for its Kamsarmax dry bulk vessel, the m/v Leonidas P. C. The contract, commencing on September 24, 2025, is expected to generate approximately $4.93 million in gross revenue for the minimum scheduled period. This move is part of Diana Shipping’s strategy to enhance its operational capacity and market positioning in the global dry bulk shipping industry.
On September 18, 2025, Diana Shipping Inc. announced the sale of its 2016-built Ultramax dry bulk vessel, m/v DSI Drammen, to an unaffiliated third party for approximately $26.86 million. This transaction, expected to be completed by October 31, 2025, is part of a limited partnership where Diana Shipping holds a 25% interest. This sale reflects the company’s strategic fleet management and could impact its operational capacity and market positioning.
Diana Shipping Inc. released its unaudited interim consolidated financial statements for the six months ending June 30, 2025. The report highlights the company’s fleet employment details as of September 12, 2025, showcasing various vessels under time charters with different charterers. These charters involve fixed daily rates and the charterers bearing voyage expenses, while Diana Shipping manages operating costs. The report provides insights into the company’s operational strategies and market positioning, indicating a stable and diversified chartering approach that supports its financial performance.