Diana Shipping (NYSE:DSX) Issues Quarterly Earnings Results

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

DSX traded down $0.03 on Thursday, hitting $2.56. 1,142,283 shares of the company were exchanged, compared to its average volume of 711,862. Diana Shipping has a fifty-two week low of $1.27 and a fifty-two week high of $2.65. The company has a debt-to-equity ratio of 1.30, a quick ratio of 2.24 and a current ratio of 2.29. The firm has a market capitalization of $296.40 million, a P/E ratio of 23.27 and a beta of 0.71. The business’s fifty day moving average is $2.09 and its 200 day moving average is $1.86.

Analyst Ratings Changes

DSX has been the topic of several recent research reports. Wall Street Zen raised shares of Diana Shipping from a “sell” rating to a “hold” rating in a research note on Saturday, November 22nd. Weiss Ratings reiterated a “sell (d)” rating on shares of Diana Shipping in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Diana Shipping has a consensus rating of “Sell”.

Institutional Investors Weigh In On Diana Shipping

A number of institutional investors and hedge funds have recently modified their holdings of DSX. Renaissance Technologies LLC grew its holdings in 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 last quarter. Mackenzie Financial Corp boosted its position in shares of Diana Shipping by 46.4% in 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 in the last quarter. WINTON GROUP Ltd acquired a new stake in Diana Shipping in the 4th quarter valued at about $300,000. Squarepoint Ops LLC purchased a new position in Diana Shipping during the 3rd quarter valued at about $278,000. Finally, XTX Topco Ltd increased its holdings in Diana Shipping by 84.1% during 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. Institutional investors and hedge funds own 48.68% of the company’s stock.

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.