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Jun 30, 2025
Diana Shipping Q2 2025 Earnings Report
Diana Shipping reported its second quarter 2025 earnings, showing a significant turnaround from a net loss in the prior year to a net income, driven by improved charter rates despite fewer ownership days.
Key Takeaways
Diana Shipping Inc. reported a net income of $4.5 million for the second quarter of 2025, a substantial improvement from a net loss of $2.8 million in the same period last year. Earnings per share also turned positive at $0.03. Time charter revenues slightly decreased to $54.7 million, primarily due to fewer ownership days, partially offset by increased average charter rates. The company also declared a cash dividend of $0.01 per share.
Diana Shipping Inc. achieved a net income of $4.5 million in Q2 2025, a significant improvement from a net loss of $2.8 million in Q2 2024.
Earnings per share for Q2 2025 were $0.03, reversing a loss per share of $0.04 in the prior year's quarter.
Time charter revenues for Q2 2025 were $54.7 million, a slight decrease from $56.0 million in Q2 2024, attributed to fewer ownership days.
The company declared a cash dividend of $0.01 per common share for the quarter ended June 30, 2025.
Revenue by Segment
Forward Guidance
The earnings report does not contain explicit forward-looking guidance regarding future financial performance, but the declaration of a dividend suggests confidence in current operations.
Positive Outlook
- The company's return to profitability in Q2 2025 indicates a positive operational trend.
- The declaration of a cash dividend signals financial stability and a commitment to shareholder returns.
- Improved average charter rates partially offset the impact of decreased ownership days, suggesting strength in pricing.
- The positive shift from a net loss to net income year-over-year demonstrates effective management and market adaptation.
- No specific forward guidance was provided, but the current performance sets a positive tone for future quarters.
Challenges Ahead
- Time charter revenues slightly decreased compared to the prior year, indicating potential challenges in maintaining revenue growth.
- The decrease in ownership days suggests a smaller operational fleet or less utilization, which could impact future revenue.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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