Greece's Diana Shipping Q2 revenue rise on higher charter rates

Diana Shipping

30/07/2026 14:07

Overview
Greece-based dry bulk shipper's Q2 time charter revenue rose yr/yr on higher charter rates
Q2 net income and EPS increased sharply from prior year
Company declared $0.01 per share cash dividend for Q2

Outlook
Company did not provide specific financial guidance for the current qtr or full yr in its press release

Result Drivers
HIGHER CHARTER RATES - Co said increase in time charter revenue was due to higher average charter rates
GAINS ON EQUITY SECURITIES - Net income benefited from gains on equity securities in the quarter

Company press release: ID:nGNX1ScF8g

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Time Charter Revenue
 
$57.29 mln
 
Q2 EPS
Beat
$0.16
$0.10 (1 Analyst)
Q2 Net Income
Beat
$20.76 mln
$11.11 mln (1 Analyst)
Q2 Basic EPS
 
$0.17
 
Q2 Operating Income
 
$12.10 mln
 
Q2 Vessel Operating Expenses
 
$20.95 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 $2.85, about 33.2% above its July 29 closing price of $2.14
The stock recently traded at 4 times the next 12-month earnings vs. a P/E of 7 three months ago

Reuters Recommended Reads
July 30 - Greece's Seanergy Maritime Q2 profit beats on China iron ore imports
July 29 - Greece's Performance Shipping Q2 revenue rises on fleet expansion
July 29 - Ardmore Shipping Q2 revenue jumps on higher spot charter rates

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)