Latest news with #DianaShipping
Yahoo
30-05-2025
- Business
- Yahoo
Diana Shipping Inc (DSX) Q1 2025 Earnings Call Highlights: Navigating Market Volatility with ...
Time Charter Revenues: $54.9 million for Q1 2025, a decrease of 5% from $57.6 million in Q1 2024. Adjusted EBITDA: $23.3 million for Q1 2025, down 6% from $24.9 million in Q1 2024. Net Income: Increased to $3 million in Q1 2025 from $2.1 million in Q1 2024. Earnings Per Share (Diluted): $0.01 for Q1 2025, unchanged from Q1 2024. Cash Reserves: $187.7 million as of March 31, 2025, down from $207.2 million as of December 31, 2024. Long-term Debt: $623.9 million as of March 31, 2025, a decrease from $637.5 million as of December 31, 2024. Fleet Utilization: 99.6% for Q1 2025, up from 99.1% in Q1 2024. Time Charter Equivalent Rate: $15,739 per day for Q1 2025, up 5% from $15,051 per day in Q1 2024. Daily Operating Expenses: Increased to $5,866 per day in Q1 2025 from $5,735 per day in Q1 2024. Quarterly Cash Dividend: $0.01 per common share, totaling approximately $1.2 million. Warning! GuruFocus has detected 7 Warning Signs with DSX. Release Date: May 29, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Diana Shipping Inc (NYSE:DSX) achieved a fleet utilization rate of 99.6% for the first quarter of 2025, demonstrating effective vessel management. The company has secured $86.8 million of contracted revenues for 66% of the remaining ownership days of 2025, providing revenue visibility. Diana Shipping Inc (NYSE:DSX) declared a quarterly cash dividend of $0.01 per common share, continuing its commitment to shareholder returns. The company has a strong cash reserve of $187.7 million, supporting its financial stability. Diana Shipping Inc (NYSE:DSX) has a disciplined chartering strategy focusing on staggered medium- to long-term charters, ensuring earnings visibility and resilience against market downturns. Time charter revenues for the first quarter decreased by about 5% compared to the same quarter last year, indicating a decline in revenue generation. The dry bulk market has been uninspiring with significant volatility, impacting overall market sentiment. The company's cash decreased from $207.2 million at the end of 2024 to $187.7 million as of March 31, 2025, due to share repurchases. Global seaborne dry bulk trade is expected to drop by 1% this year, presenting challenges for market demand. Diana Shipping Inc (NYSE:DSX) faces headwinds from geopolitical and economic uncertainties, including tariffs and trade restrictions, affecting market conditions. Q: Can you provide an overview of Diana Shipping's financial performance for the first quarter of 2025? A: Maria Dede, Co-Chief Financial Officer, reported that time charter revenues for Q1 2025 were $54.9 million, a decrease of about 5% from the same quarter last year. Adjusted EBITDA decreased by 6% to $23.3 million. However, net income increased to $3 million from $2.1 million in Q1 2024, mainly due to decreased interest and finance charges. Q: What are the current market conditions affecting Diana Shipping's operations? A: Anastasios Margaronis, President and Director, noted that the dry bulk market is facing volatility due to geopolitical and economic uncertainties, including tariffs and trade restrictions. Despite these challenges, Diana Shipping has managed to secure improved charter hires, particularly in the Capesize segment. Q: How is Diana Shipping managing its fleet and chartering strategy? A: Semiramis Paliou, CEO, explained that the company operates a fleet of 37 dry bulk vessels with an average age of 11.6 years. The company focuses on staggered medium- to long-term charters to avoid clustered maturities, ensuring earnings visibility and resilience against market downturns. Q: What are Diana Shipping's future fleet expansion plans? A: The company anticipates the delivery of two methanol dual-fuel newbuilding Kamsarmax vessels at the end of 2027 and early 2028. Additionally, Diana Shipping has invested in a joint venture, Ecogas Holding AS, to order semi-refrigerated LPG newbuildings, with deliveries expected in 2027. Q: Can you elaborate on Diana Shipping's ESG initiatives? A: Semiramis Paliou highlighted the company's commitment to eco-friendly technologies and fleet modernization. Diana Shipping is focused on transparently sharing emission data and building partnerships to advance sustainability goals. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Associated Press
19-05-2025
- Business
- Associated Press
Diana Shipping Inc. Announces the Date for the 2025 First Quarter Financial Results, Conference Call and Webcast
ATHENS, Greece, May 19, 2025 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the 'Company'), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that its financial results for the first quarter ended March 31, 2025 are scheduled to be released before the opening of the U.S. financial markets on Thursday, May 29, 2025. The Company's management will conduct a conference call and simultaneous Internet webcast to review these results at 9:00 A.M. (Eastern Time) on Thursday, May 29, 2025. Investors may access the webcast by visiting the Company's website at and clicking on the webcast link. An accompanying investor presentation also will be available via the webcast link and on the Company's website. The conference call also may be accessed by telephone by dialing 1-877-407-8291 (for U.S.-based callers) or 1-201-689-8345 (for international callers), and asking the operator for the Diana Shipping Inc. conference call. A replay of the webcast will be available soon after the completion of the call and will be accessible for 30 days on A telephone replay also will be available for 30 days by dialing 1-877-660-6853 (for U.S.-based callers) or 1-201-612-7415 (for international callers), and providing the Replay ID number 13753904. About the Company Diana Shipping Inc. is a global provider of shipping transportation services through its ownership and bareboat charter-in of dry bulk vessels. The Company's vessels are employed primarily on short to medium-term time charters and transport a range of dry bulk cargoes, including such commodities as iron ore, coal, grain and other materials along worldwide shipping routes. Corporate Contact: Ioannis Zafirakis Director, Co-Chief Financial Officer, Chief Strategy Officer, Treasurer and Secretary Telephone: + 30-210-9470-100 Email: [email protected] Website: X: @Dianaship Investor Relations/Media Contact: Nicolas Bornozis / Daniela Guerrero Capital Link, Inc. 230 Park Avenue, Suite 1540 New York, N.Y. 10169 Tel.: (212) 661-7566 Email: [email protected]
Yahoo
25-03-2025
- Business
- Yahoo
Diana Shipping Inc. (NYSE:DSX) most popular amongst retail investors who own 36%, insiders hold 28%
Diana Shipping's significant retail investors ownership suggests that the key decisions are influenced by shareholders from the larger public A total of 5 investors have a majority stake in the company with 52% ownership Insiders own 28% of Diana Shipping This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. Every investor in Diana Shipping Inc. (NYSE:DSX) should be aware of the most powerful shareholder groups. We can see that retail investors own the lion's share in the company with 36% ownership. In other words, the group stands to gain the most (or lose the most) from their investment into the company. Meanwhile, individual insiders make up 28% of the company's shareholders. Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. Let's delve deeper into each type of owner of Diana Shipping, beginning with the chart below. Check out our latest analysis for Diana Shipping Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices. Diana Shipping already has institutions on the share registry. Indeed, they own a respectable stake in the company. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see Diana Shipping's historic earnings and revenue below, but keep in mind there's always more to the story. Diana Shipping is not owned by hedge funds. With a 19% stake, CEO Semiramis Paliou is the largest shareholder. Meanwhile, the second and third largest shareholders, hold 14% and 9.8%, of the shares outstanding, respectively. Interestingly, the third-largest shareholder, Anastasios Margaronis is also a Member of the Board of Directors, again, indicating strong insider ownership amongst the company's top shareholders. To make our study more interesting, we found that the top 5 shareholders control more than half of the company which implies that this group has considerable sway over the company's decision-making. While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. While there is some analyst coverage, the company is probably not widely covered. So it could gain more attention, down the track. The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves. Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances. Our most recent data indicates that insiders own a reasonable proportion of Diana Shipping Inc.. Insiders own US$53m worth of shares in the US$190m company. It is great to see insiders so invested in the business. It might be worth checking if those insiders have been buying recently. The general public-- including retail investors -- own 36% stake in the company, and hence can't easily be ignored. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies. Our data indicates that Private Companies hold 23%, of the company's shares. It might be worth looking deeper into this. If related parties, such as insiders, have an interest in one of these private companies, that should be disclosed in the annual report. Private companies may also have a strategic interest in the company. While it is well worth considering the different groups that own a company, there are other factors that are even more important. Consider for instance, the ever-present spectre of investment risk. We've identified 3 warning signs with Diana Shipping (at least 1 which is potentially serious) , and understanding them should be part of your investment process. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
