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/Mis Actual Consensu

s s

Estimate

Q2 Time $54.69

Charter mln

Revenue

Q2 Net Beat $4.54 $3 mln

Income mln (1

Analyst)

Q2 Basic $0.03

EPS

Q2 $10.42

Operatin mln

g Income

Q2 $20.01

Vessel mln

Operatin

g

Expenses

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 ( DSX ) 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:

(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.)