Diana Shipping Inc. Reports Financial Results for the First Quarter Ended March 31, 2026; Declares Cash Dividend of $0.01 Per Common Share
Diana Shipping reported Q1 2026 net income of $29.1 million, a significant improvement from $3.0 million in the prior year, driven by higher time charter equivalent rates and improved fleet utilization. Time charter revenues were flat at $54.7 million, but the company achieved an average daily TCE rate of $16,035, up from $15,739 in Q1 2025, while maintaining 99.9% fleet utilization.
Key figures
- Eps
- 0.25
- Revenue
- 54735000
- Revenue Yoy
- -0.4%
- Tce rate
- 16035
- Net income
- 29149000
- Total assets
- 1188849000
- Long term debt
- 621112000
- Voyage expenses
- 3070000
- Operating income
- 11302000
- Fleet utilization
- 99.9%
- Net income common
- 27707000
- Dividend per share
- 0.01
- Shares outstanding
- 124402479
- Cash and equivalents
- 124489000
- Warrants outstanding
- 15689643
- Vessel operating expenses
- 19468000
AI analysis
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