Diana Shipping (DSX)
NYSE:DSX
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Earnings Data
Report Date
Aug 04, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.06Last Year’s EPS
0.02Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted several strong company-level fundamentals — very high fleet utilization (99.9%), improved earnings per share, disciplined multi-year charter coverage (~83% of remaining 2026 days contracted) and a solid liquidity/debt position (cash ~$125M; net LTV ~46%). Strategic initiatives (increased Genco offer with committed financing), ESG recognition and fleet modernization plans add to the positive outlook. Key risks center on macro and geopolitical uncertainty (Middle East conflict impacts, possible commodity policy actions in Guinea/Indonesia), remaining unfixed days (~17%), some higher per‑day operating costs, and execution risk around the Genco transaction. Overall, the positives (operational performance, contracted revenues, improved profitability and liquidity) outweigh the challenges presented, but material external risks remain that could affect forward performance.Company Guidance
Exceptional Fleet Utilization
Fleet utilization reached 99.9% for the three months ended 03/31/2026, demonstrating extremely high operational employment and commercial discipline.
Strong Liquidity and Deleveraging
Cash balances increased to approximately $125.0 million as of 03/31/2026 (from $122.0 million at 12/31/2025, ≈+2.5%), while long-term debt and finance liabilities (net) decreased to $621 million from $636 million at year-end 2025 (≈-2.4%), supporting a conservative net loan-to-value of 46%.
Substantial Contracted Revenues and Chartering Visibility
For the remainder of 2026 the company has secured ~83% of ownership days generating ~$123 million in contracted revenues at an average fixed time charter rate of roughly $18.0–18.3k/day; only ~17% of 2026 days remain unfixed. For 2027, $44.1 million of revenues have been secured for ~17% of ownership days.
Solid Q1 Profitability and Earnings Per Share Improvement
Net income attributable to common stockholders was $27.7 million in Q1 2026 versus $1.6 million in Q1 2025 (increase of ~+1,631%). Basic and diluted EPS improved to $0.25 from $0.01 in the prior-year quarter (+2,400%). Adjusted EBITDA remained at $23.3 million (flat year-over-year).
Stable Time Charter Revenues with Slight YoY Change
Time charter revenues were $54.7 million in Q1 2026 versus $54.9 million in Q1 2025, a slight decrease of approximately -0.4%, largely offset by higher time charter equivalent rates and lower fleet size.
Disciplined Chartering and Multi-year Coverage
Company secured medium- to long-term charters across vessel sizes (examples: Ultramax $16k/day for 408 days; Panamax/Post-Panamax avg. $17.3k/day for ~387 days; Capesize $27.5k/day for 641 days). Average contract duration ~1.24 years, supporting earnings visibility and downside protection.
Strategic M&A Campaign Backed by Financing
Diana increased its revised tender offer for Genco to $24.80 per share (represents ~+39% premium to undisturbed share price and ~+48% to 30‑day VWAP as of the initial offer date). The offer is backed by $1.4 billion in committed financing and includes a definitive agreement with Starbulk to acquire 16 Genco vessels for $47.5 million upon closing.
ESG Recognition and Fleet Modernization
Received the Governance Leader Award at the ESG Shipping Awards 2026 and announced planned deliveries of two methanol-fuel Kamsarmax newbuilds (expected end of 2027 and early 2028), underscoring ongoing sustainability and modernization efforts.
Improved Investment Revaluations
Unrealized gain on investment in Genco of $26.4 million contributed to Q1 profitability. Investment in Windward reflected valuation uplifts (management cited ~+20% mark-to-market increase from recent new investor entry, previously closer to +30%).
DSX 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
DSX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 28, 2026 | $2.52 | $2.47 | -1.98% |
Feb 26, 2026 | $2.58 | $2.55 | -1.16% |
Nov 20, 2025 | $1.74 | $1.66 | -4.53% |
Jul 30, 2025 | $1.57 | $1.51 | -4.38% |
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 (DSX) report earnings?
Diana Shipping (DSX) is schdueled to report earning on Aug 04, 2026, Before Open (Confirmed).
What is Diana Shipping (DSX) earnings time?
Diana Shipping (DSX) earnings time is at Aug 04, 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 DSX EPS forecast?
DSX EPS forecast for the fiscal quarter 2026 (Q2) is 0.06.