Diana Shipping (NYSE:DSX) Announces Quarterly Earnings Results

Diana Shipping (NYSE:DSX) posted its quarterly earnings data on Thursday. The shipping company reported $0.02 EPS for the quarter, Zacks reports. Diana Shipping had a net margin of 11.18% and a return on equity of 4.93%. The company had revenue of $52.05 million for the quarter, compared to analyst estimates of $52.00 million.

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 Down 0.2%

Diana Shipping stock traded down $0.01 during mid-day trading on Thursday, hitting $2.59. 638,967 shares of the stock were exchanged, compared to its average volume of 700,207. 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 $2.09 and its two-hundred day simple moving average is $1.86.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on DSX shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Diana Shipping in a report on Wednesday, January 21st. Wall Street Zen raised Diana Shipping from a “sell” rating to a “hold” rating in a research note on Saturday, November 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Diana Shipping presently has an average rating of “Sell”.

Institutional Trading of Diana Shipping

A number of large investors have recently bought and sold shares of the business. Virtu Financial LLC acquired a new position in shares of Diana Shipping in the 4th quarter valued at about $112,000. Mackenzie Financial Corp grew its position in shares of Diana Shipping by 46.4% during the 4th quarter. Mackenzie Financial Corp now owns 190,774 shares of the shipping company’s stock worth $326,000 after buying an additional 60,430 shares during the period. XTX Topco Ltd increased its stake in shares of Diana Shipping by 84.1% in the 4th quarter. XTX Topco Ltd now owns 144,901 shares of the shipping company’s stock valued at $241,000 after acquiring an additional 66,212 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Diana Shipping by 11.6% during the 4th quarter. Renaissance Technologies LLC now owns 2,361,713 shares of the shipping company’s stock valued at $3,920,000 after acquiring an additional 246,300 shares during the period. Finally, WINTON GROUP Ltd bought a new position in Diana Shipping during the fourth quarter worth $300,000. 48.68% of the stock is currently owned by institutional investors and hedge funds.

Diana Shipping Company Profile

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.