Diana Shipping (NYSE:DSX) Announces Earnings Results

Diana Shipping (NYSE:DSX) announced its earnings results on Thursday. The shipping company reported $0.02 earnings per share (EPS) for the quarter, Zacks reports. The business had revenue of $52.05 million for the quarter, compared to analysts’ expectations of $52.00 million. Diana Shipping had a return on equity of 4.93% and a net margin of 11.18%.

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 Stock Performance

DSX stock traded down $0.01 during trading on Thursday, hitting $2.59. 638,967 shares of the company traded hands, compared to its average volume of 700,207. The company has a market cap of $299.29 million, a PE ratio of 23.41 and a beta of 0.71. Diana Shipping has a 1 year low of $1.27 and a 1 year high of $2.65. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.29 and a quick ratio of 2.24. The stock’s 50-day simple moving average is $2.09 and its 200 day simple moving average is $1.86.

Institutional Trading of Diana Shipping

A number of hedge funds have recently bought and sold shares of the business. Renaissance Technologies LLC grew its holdings in shares of Diana Shipping by 11.6% in the fourth quarter. Renaissance Technologies LLC now owns 2,361,713 shares of the shipping company’s stock valued at $3,920,000 after purchasing an additional 246,300 shares during the period. Mackenzie Financial Corp lifted its position in shares of Diana Shipping by 46.4% during the fourth quarter. Mackenzie Financial Corp now owns 190,774 shares of the shipping company’s stock worth $326,000 after purchasing an additional 60,430 shares in the last quarter. WINTON GROUP Ltd purchased a new position in Diana Shipping in the fourth quarter valued at $300,000. Squarepoint Ops LLC purchased a new stake in shares of Diana Shipping during the third quarter worth approximately $278,000. Finally, XTX Topco Ltd grew its stake in shares of Diana Shipping by 84.1% during the fourth quarter. XTX Topco Ltd now owns 144,901 shares of the shipping company’s stock worth $241,000 after purchasing an additional 66,212 shares in the last quarter. Institutional investors and hedge funds own 48.68% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Diana Shipping in a research report on Wednesday, January 21st. Wall Street Zen upgraded Diana Shipping from a “sell” rating to a “hold” rating in a report on Saturday, November 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Diana Shipping presently has an average rating of “Sell”.

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.