Diana Shipping (NYSE:DSX) Announces Quarterly Earnings Results

Diana Shipping (NYSE:DSX) announced its quarterly earnings results on Thursday. The shipping company reported $0.02 EPS for the quarter, Zacks reports. The firm had revenue of $52.10 million for the quarter, compared to analyst estimates of $52.00 million. Diana Shipping had a return on equity of 4.93% and a net margin of 11.18%.

Here are the key takeaways from Diana Shipping’s conference call:

• Revenue visibility: As of Feb 18, 2026 Diana has secured approximately $153 million of contracted revenues covering 76% of 2026 ownership days at an average fixed rate of $17,670 per day, with fleet utilization at 99.7%.
• Quarterly results softened—Q4 time charter revenues and adjusted EBITDA declined YoY (time charter revenues $52.1M; adj. EBITDA $19.3M) and cash fell to $122.3 million from $207.2M, driven largely by a $103.5M investment in Genco and share repurchases.
• Disciplined commercial execution: since Nov the company fixed 12 vessels on medium‑to‑long charters (notably Capes at ~$24,300/day), maintaining staggered maturities so only 24% of 2026 days remain unfixed and average contract length is ~1.24 years.
• Genco pursuit remains unresolved—Diana proposed an acquisition at $20.60 per share, nominated six directors for Genco’s board, holds a 14.8% stake, and says it will continue to evaluate options after the Genco board declined to engage.
• Shareholder & ESG highlights: the board declared a Q4 dividend of $0.01 per share (cumulative $2.70 since 2021) and reported ESG progress with a CDP score of B and a 31% S&P Global ESG score.

Diana Shipping Trading Up 1.0%

Diana Shipping stock traded up $0.03 during mid-day trading on Friday, hitting $2.59. 629,941 shares of the stock were exchanged, compared to its average volume of 710,120. The stock has a market capitalization of $299.29 million, a price-to-earnings ratio of 23.41 and a beta of 0.71. Diana Shipping has a 12 month low of $1.27 and a 12 month high of $2.65. The company has a quick ratio of 2.24, a current ratio of 2.29 and a debt-to-equity ratio of 1.30. The firm’s fifty day simple moving average is $2.10 and its two-hundred day simple moving average is $1.87.

Diana Shipping Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Wednesday, March 11th will be issued a dividend of $0.01 per share. The ex-dividend date is Wednesday, March 11th. This represents a $0.04 annualized dividend and a yield of 1.5%. Diana Shipping’s dividend payout ratio (DPR) is presently 36.36%.

Hedge Funds Weigh In On Diana Shipping

Hedge funds have recently bought and sold shares of the company. Virtu Financial LLC bought a new stake in Diana Shipping during the fourth quarter valued at $112,000. Goldman Sachs Group Inc. raised its position in shares of Diana Shipping by 66.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 70,879 shares of the shipping company’s stock worth $118,000 after acquiring an additional 28,384 shares in the last quarter. Two Sigma Investments LP lifted its stake in shares of Diana Shipping by 407.4% in the 3rd quarter. Two Sigma Investments LP now owns 80,684 shares of the shipping company’s stock valued at $136,000 after purchasing an additional 64,784 shares during the period. XTX Topco Ltd boosted its position in shares of Diana Shipping by 84.1% during the 4th quarter. XTX Topco Ltd now owns 144,901 shares of the shipping company’s stock valued at $241,000 after purchasing an additional 66,212 shares in the last quarter. Finally, Squarepoint Ops LLC bought a new stake in shares of Diana Shipping during the 3rd quarter valued at about $278,000. Institutional investors own 48.68% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Diana Shipping in a research report on Wednesday, January 21st. Wall Street Zen upgraded shares of Diana Shipping from a “sell” rating to a “hold” rating in a research report on Saturday, November 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

About Diana Shipping

Diana Shipping Inc is a global shipping company incorporated in the Republic of the Marshall Islands and headquartered in Athens, Greece. The company specializes in the ownership and operation of dry bulk vessels that transport a variety of commodities, including coal, iron ore, grains, fertilizers, steel products and other bulk materials. Diana Shipping’s fleet comprises Panamax, Capesize, Newcastlemax and Supramax/Newcastlemax segments, enabling it to address the needs of customers on key global trade routes.

The company conducts its operations by chartering vessels on short‐term voyage charters and longer‐term period charters.