Monitor the proposed Genco acquisition for potential re-rating of Diana's shares. The revenue miss may weigh on near-term sentiment, but strong cash flow and earnings provide a floor. Watch for any guidance on charter rates or fleet changes.
Price Chart
Executive Summary
Diana Shipping reported Q2 2026 time charter revenue of $57.3M, missing consensus estimates of $66.0M by 13.2%, but net income surged to $20.8M from $4.5M a year ago, boosted by $14.3M gains on equity securities. The revenue miss creates a mixed picture despite strong earnings growth, and the CEO's commentary highlights a proposed acquisition of Genco as a potential catalyst.
Key Financial Metrics
Key Facts
- Q2 2026 revenue $57.3M vs consensus $66.0M (miss of 13.2%)
- Net income $20.8M vs $4.5M in Q2 2025, driven by $14.3M gain on equity securities
- EPS basic $0.17 vs $0.03 in Q2 2025; diluted $0.16 vs $0.03
- Time charter equivalent rate $16,581/day, up 7.0% YoY
- Dividend declared $0.01/share
- Operating cash flow $17.5M vs $8.6M in Q2 2025
- CEO comments on proposed Genco acquisition and Diana's discount to NAV
Financial Impact
Revenue miss of $8.7M vs consensus (13.2%); net income improvement of $16.2M YoY, largely from non-operating gains
Risk Factors
- Revenue miss may pressure the stock in the short term
- Earnings quality is low due to reliance on non-operating gains (equity securities, warrants)
- Dry bulk charter rates remain volatile and could decline
- Debt of $606M is significant relative to market cap of $264M
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3336092 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 16, 2026 11d ago | SC 13D/A | $2.51 | awaiting T+60 | — | $2.51 (−0.00%) |
Oct 8, 2026 19d ago | 6-K | $2.82 | awaiting T+60 | — | $2.51 (−10.99%) |
Sep 22, 2026 5w ago | 6-K | $2.92 | awaiting T+60 | — | $2.51 (−14.04%) |
Sep 21, 2026 5w ago | Press Release | $2.97 | awaiting T+60 | — | $2.51 (−15.49%) |
Sep 16, 2026 5w ago | 6-K | $3.07 | awaiting T+60 | — | $2.51 (−18.24%) |
Sep 16, 2026 5w ago | Press Release | $2.99 | awaiting T+60 | — | $2.51 (−16.05%) |
Aug 24, 2026 9w ago | Press Release | $2.70 | awaiting T+60 | — | $2.51 (−7.04%) |
Aug 14, 2026 10w ago | 6-K | $2.66 | awaiting T+60 | — | $2.51 (−5.64%) |
Aug 14, 2026 10w ago | Press Release | $2.66 | awaiting T+60 | — | $2.51 (+5.64%) |
Aug 11, 2026 11w ago | 6-K | $2.38 | awaiting T+60 | — | $2.51 (+5.46%) |
US Market Status
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