Diana Shipping's Q2 net income beats analyst expectations

Diana Shipping

30/07/2025 12:37

Overview

Diana Shipping Q2 net income $4.5 mln, reversing loss from Q2 2024

Time charter revenues dip due to fewer ownership days, offset by higher rates

Co declares $0.01 per share cash dividend, reflecting improved performance

Outlook

Company did not provide specific guidance for future quarters

Result Drivers

DECREASED OWNERSHIP DAYS - Time charter revenues declined due to fewer ownership days, partly offset by increased average charter rates

INCREASED CHARTER RATES - Higher average charter rates helped mitigate the impact of reduced ownership days on revenue

FLEET REDUCTION - Average number of vessels decreased, contributing to fewer ownership days

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Time Charter Revenue
$54.69 mln
Q2 Net Income
Beat
$4.54 mln
$3 mln (1 Analyst)
Q2 Basic EPS
$0.03
Q2 Operating Income
$10.42 mln
Q2 Vessel Operating Expenses
$20.01 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the marine freight & logistics peer group is "buy"

Wall Street's median 12-month price target for Diana Shipping Inc is $2.60, about 38.5% above its July 29 closing price of $1.60

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 13 three months ago

Press Release: ID:nGNXb0tnsQ

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)