Diana Shipping Q1 Earnings Call Highlights

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Diana Shipping (NYSE:DSX) reported a sharply higher first-quarter nett arsenic the adust bulk shipowner benefited from improved charter rates, little involvement disbursal and an unrealized summation tied to its concern successful Genco Shipping & Trading.

Chief Executive Officer Semiramis Paliou said the adust bulk marketplace carried beardown momentum into 2026, defying the emblematic seasonal slowdown. “The Capesize marketplace had its champion archetypal 4th since 2010,” Paliou said, attributing the spot not chiefly to request growth, but to tighter vas utilization caused by longer ton-miles, drydock schedules and disruptions tied to the Middle East struggle and the Strait of Hormuz.

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Paliou said Diana Shipping had nary vessels straight affected by the Persian Gulf situation, but noted that the struggle had affected parts of the adust bulk fleet and contributed to little operating speeds, particularly connected long-haul routes.

First-Quarter Results

Co-Chief Financial Officer and Treasurer Maria Dede said clip charter revenues were $54.7 cardinal for the archetypal quarter, compared with $54.9 cardinal successful the aforesaid play past year. The flimsy diminution reflected a smaller fleet, partially offset by a higher clip charter equivalent complaint achieved during the quarter, she said.

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Adjusted EBITDA was $23.3 million, unchanged from the prior-year quarter. Net income roseate to $29.1 cardinal from $3 cardinal a twelvemonth earlier. Net income attributable to communal stockholders was $27.7 million, compared with $1.6 cardinal successful the archetypal 4th of 2025. Basic and diluted net per communal stock were $0.25, up from $0.01 a twelvemonth earlier.

Dede said profitability was supported by the higher charter complaint environment, reduced involvement disbursal connected amortizing debt, accrued dividend income and a $26.4 cardinal unrealized summation connected Diana Shipping’s concern successful Genco.