Greece's Diana Shipping Q4 revenue declines due to vessel sales, higher drydocking days

Diana Shipping

26/02/2026 12:33

Overview

Greece-based dry bulk vessel owner's Q4 net income decreased compared to last year

Q4 time charter revenues declined yr/yr due to vessel sales and drydocking

Company declared cash dividend of $0.01 per share

Outlook

Company did not provide specific future guidance in the press release

Result Drivers

VESSEL SALES - Time charter revenues decreased due to the sale of two vessels in 2025, reducing available days for hire

DRYDOCKING IMPACT - Higher number of drydocking days in Q4 2025 reduced fleet's available days for hire

OPERATING EXPENSES - Increased daily vessel operating expenses in Q4 2025 compared to Q4 2024

Company press release: ID:nGNX7JylTh

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Time Charter Revenue
$52.05 mln
Q4 EPS
Beat
$0.02
-$0.005 (1 Analyst)
Q4 Net Income
Beat
$3.13 mln
$1.24 mln (2 Analysts)
Q4 Basic EPS
$0.02
Q4 Operating Income
$7.26 mln
Q4 Vessel Operating Expenses
$20.28 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"

Wall Street's median 12-month price target for Diana Shipping Inc is $2.55, about 1.5% below its February 25 closing price of $2.59

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 7 three months ago

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(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.)