Diana Shipping Inc. (NYSE: DSX) Earnings Report Summary

• Diana Shipping Inc. (NYSE:DSX) reported earnings per share (EPS) of $0.01, missing the estimated $0.02, but exceeded revenue expectations with $54.9 million.
• The company declared a cash dividend of $0.01 per common share for Q1 2025.

Diana Shipping Inc. (NYSE:DSX), a global shipping company based in Athens, Greece, reported its earnings on May 29, 2025. The company, known for its dry bulk shipping services, fell short of earnings per share (EPS) expectations, reporting $0.01 against an estimated $0.02. Despite this, DSX exceeded revenue expectations, reporting $54.9 million compared to the estimated $51.3 million.

During the Q1 2025 earnings call, key figures such as CEO Semiramis Paliou and Co-Chief Financial Officer Ioannis Zafirakis discussed the financial results. The company reported a net income of $3 million, with $1.6 million attributed to common stockholders, marking an improvement from the previous year. The earnings per share remained steady at $0.01, both basic and diluted.

Time charter revenues for Q1 2025 were $54.9 million, a decrease from $57.6 million in Q1 2024. This decline was due to decreased ownership days, though it was partially offset by increased average charter rates and improved fleet utilization. Despite the revenue drop, DSX declared a cash dividend of $0.01 per common share for the quarter.

Diana Shipping's financial metrics provide further insight into its market position. The company has a price-to-earnings (P/E) ratio of 13.59, indicating how the market values its earnings. Its price-to-sales ratio is 0.74, suggesting a relatively low market valuation compared to its revenue. The enterprise value to sales ratio is 2.99, showing the company's valuation at nearly three times its sales.

The company's financial health is also reflected in its debt-to-equity ratio of 1.26, indicating its use of debt relative to equity. With a current ratio of 2.58, DSX demonstrates a strong ability to cover short-term liabilities with short-term assets. The earnings yield of 7.36% provides insight into the earnings generated per dollar invested, highlighting the company's profitability.