Diana Shipping Inc. Files 6-K with Q4 & FY 2023 Results
Ticker: DSX-WT · Form: 6-K · Filed: Mar 4, 2024 · CIK: 1318885
| Field | Detail |
|---|---|
| Company | Diana Shipping INC. (DSX-WT) |
| Form Type | 6-K |
| Filed Date | Mar 4, 2024 |
| Risk Level | low |
| Pages | 11 |
| Reading Time | 13 min |
| Key Dollar Amounts | $0.075, $9.4 million, $7.9 million, $25.7 million, $24.2 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: financial-results, reporting, shipping
TL;DR
Diana Shipping dropped its Q4 and full-year 2023 results via a 6-K filing.
AI Summary
Diana Shipping Inc. filed a Form 6-K on March 4, 2024, incorporating a press release dated February 23, 2024. This press release announced the company's financial results for the fourth quarter and the full year ended December 31, 2023. The filing also references the company's registration statements on Form F-3.
Why It Matters
This filing provides investors with the latest financial performance data for Diana Shipping Inc., crucial for understanding the company's profitability and operational health in the shipping industry.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of financial results and does not introduce new significant risks.
Key Players & Entities
- DIANA SHIPPING INC. (company) — Filer
- February 23, 2024 (date) — Press release date
- December 31, 2023 (date) — Reporting period end date
- Form F-3 (document) — Incorporated registration statements
FAQ
What is the primary purpose of this Form 6-K filing?
The primary purpose is to report financial results for the fourth quarter and year ended December 31, 2023, through an incorporated press release.
When was the press release announcing the financial results dated?
The press release was dated February 23, 2024.
What period do the announced financial results cover?
The financial results cover the fourth quarter and the full year ended December 31, 2023.
Which registration statements are referenced in this filing?
The filing references the company's registration statements on Form F-3, specifically File Nos. 333-256791 and 333-266999.
What is the company's principal executive office address?
The company's principal executive office is located at Pendelis 16, 175 64 Palaio Faliro, Athens, Greece.
Filing Stats: 3,318 words · 13 min read · ~11 pages · Grade level 8.3 · Accepted 2024-03-04 16:30:32
Key Financial Figures
- $0.075 — ER 31, 2023; DECLARES CASH DIVIDEND OF $0.075 PER SHARE FOR THE FOURTH QUARTER 2023;
- $9.4 million — k vessels, today reported net income of $9.4 million and net income attributed to common sto
- $7.9 million — me attributed to common stockholders of $7.9 million for the fourth quarter of 2023. This co
- $25.7 million — of 2023. This compares to net income of $25.7 million and net income attributed to common sto
- $24.2 million — me attributed to common stockholders of $24.2 million for the fourth quarter of 2022. Earning
- $0.08 b — hare for the fourth quarter of 2023 was $0.08 basic and $0.06 diluted, compared to earn
- $0.06 — rth quarter of 2023 was $0.08 basic and $0.06 diluted, compared to earnings per share
- $0.28 b — uted, compared to earnings per share of $0.28 basic and $0.27 diluted in the same quart
- $0.27 — o earnings per share of $0.28 basic and $0.27 diluted in the same quarter of 2022. T
- $60.0 million — er of 2022. Time charter revenues were $60.0 million for the fourth quarter of 2023, compare
- $75.7 million — the fourth quarter of 2023, compared to $75.7 million for the same quarter of 2022. The decre
- $49.8 million — ions. Net income for 2023, amounted to $49.8 million and net income attributed to common sto
- $44.1 million — uted to common stockholders amounted to $44.1 million. This compares to net income of $119.1
- $119.1 million — million. This compares to net income of $119.1 million and net income attributed to common sto
- $113.3 m — me attributed to common stockholders of $113.3 million, for 2022. Time charter revenues
Filing Documents
- d10994668_6-k.htm (6-K) — 455KB
- 0000919574-24-001859.txt ( ) — 456KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. DIANA SHIPPING INC. (registrant) Dated: March 4, 2024 By: /s/ Ioannis Zafirakis Ioannis Zafirakis Chief Financial Officer Exhibit 99.1 Corporate Contact: Ioannis Zafirakis Director, Chief Financial Officer, Chief Strategy Officer, Treasurer and Secretary Telephone: + 30-210-9470100 Email: izafirakis@dianashippinginc.com Website: www.dianashippinginc.com X: @Dianaship For Immediate Release Investor and Media Relations: Edward Nebb Comm-Counsellors, LLC Telephone: + 1-203-972-8350 Email: enebb@optonline.net DIANA SHIPPING INC. REPORTS FINANCIAL RESULTS FOR THE FOURTH QUARTER AND YEAR ENDED DECEMBER 31, 2023; DECLARES CASH DIVIDEND OF $0.075 PER SHARE FOR THE FOURTH QUARTER 2023; ANNOUNCES THE SALE OF A CAPESIZE DRY BULK VESSEL, THE M/V HOUSTON ATHENS, GREECE, February 23, 2024 – Diana Shipping Inc. (NYSE: DSX), (the "Company"), a global shipping company specializing in the income attributed to common stockholders of $24.2 million for the fourth quarter of 2022. Earnings per share for the fourth quarter of 2023 was $0.08 basic and $0.06 diluted, compared to earnings per share of $0.28 basic and $0.27 diluted in the same quarter of 2022. Time charter revenues were $60.0 million for the fourth quarter of 2023, compared to $75.7 million for the same quarter of 2022. The decrease in time charter revenues, compared to the same quarter of last year, was due to decreased average charter rates. This decrease was partly offset by increased ownership days that resulted from vessel acquisitions. Net income for