Diana Shipping Inc. Reports Q1 2024 Financial Results
Ticker: DSX-WT · Form: 6-K · Filed: May 28, 2024 · CIK: 1318885
| Field | Detail |
|---|---|
| Company | Diana Shipping INC. (DSX-WT) |
| Form Type | 6-K |
| Filed Date | May 28, 2024 |
| Risk Level | low |
| Pages | 10 |
| Reading Time | 12 min |
| Key Dollar Amounts | $0.075, $2.1 million, $0.6 million, $22.7 million, $21.3 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: financial-results, quarterly-report, sec-filing
Related Tickers: DSX
TL;DR
Diana Shipping dropped Q1 earnings on 5/28, filing a 6-K. Check F-3 for details.
AI Summary
Diana Shipping Inc. announced its financial results for the first quarter ended March 31, 2024, via a press release dated May 28, 2024. This report is filed on Form 6-K and incorporates the press release as Exhibit 99.1. The company's registration statements on Form F-3 are updated with this information.
Why It Matters
This filing provides investors with the latest financial performance data for Diana Shipping Inc., crucial for understanding the company's operational and financial health.
Risk Assessment
Risk Level: low — This is a routine financial results filing and does not introduce new risks.
Key Players & Entities
- Diana Shipping Inc. (company) — Registrant
- May 28, 2024 (date) — Press release date
- March 31, 2024 (date) — End of first quarter
- Exhibit 99.1 (document) — Incorporated press release
- Form F-3 (document) — Registration statement
FAQ
What is the primary purpose of this Form 6-K filing?
The primary purpose is to report Diana Shipping Inc.'s financial results for the first quarter ended March 31, 2024, through an attached press release.
When was the press release announcing the financial results dated?
The press release was dated May 28, 2024.
Which exhibit contains the financial results information?
Exhibit 99.1 contains the press release announcing the company's financial results.
What are the SEC registration statements that are being updated by this filing?
The company's registration statements on Form F-3, File Nos. 333-256791 and 333-266999, are being updated.
What period do the reported financial results cover?
The reported financial results cover the first quarter ended March 31, 2024.
Filing Stats: 2,925 words · 12 min read · ~10 pages · Grade level 8.8 · Accepted 2024-05-28 16:41:10
Key Financial Figures
- $0.075 — CH 31, 2024; DECLARES CASH DIVIDEND OF $0.075 PER COMMON SHARE FOR THE FIRST QUARTER
- $2.1 million — k vessels, today reported net income of $2.1 million and net income attributed to common sto
- $0.6 million — me attributed to common stockholders of $0.6 million for the first quarter of 2024. This com
- $22.7 million — of 2024. This compares to net income of $22.7 million and net income attributed to common sto
- $21.3 million — me attributed to common stockholders of $21.3 million for the first quarter of 2023. Earnings
- $0.01 b — share for the first quarter of 2024 was $0.01 basic and diluted, compared to earnings p
- $0.22 b — uted, compared to earnings per share of $0.22 basic and diluted in the same quarter of
- $57.6 million — er of 2023. Time charter revenues were $57.6 million for the first quarter of 2024, compared
- $72.6 million — the first quarter of 2024, compared to $72.6 million for the same quarter of 2023. The decre
- $250,000 — Suez against a gross ballast bonus of US$250,000. 3Bareboat chartered-in for a period o
- $12,250 — 70 days. 12The charter rate will be US$12,250 per day for the first 30 days of the ch
- $10,000 — arter period. 13The charter rate was US$10,000 per day for the first 30 days of the ch
- $40 million — at date. ** Includes time deposits of $40 million as of March 31, 2024 and December 31, 2
Filing Documents
- d11061584_6k.htm (6-K) — 250KB
- 0000919574-24-003351.txt ( ) — 251KB
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: May 28, 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 FIRST QUARTER ENDED MARCH 31, 2024; DECLARES CASH DIVIDEND OF $0.075 PER COMMON SHARE FOR THE FIRST QUARTER 2024 ATHENS, GREECE, May 28, 2024 – Diana Shipping Inc. (NYSE: DSX), (the "Company"), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today reported net income of $2.1 million and net income attributed to common stockholders of $0.6 million for the first quarter of 2024. This compares to net income of $22.7 million and net income attributed to common stockholders of $21.3 million for the first quarter of 2023. Earnings per share for the first quarter of 2024 was $0.01 basic and diluted, compared to earnings per share of $0.22 basic and diluted in the same quarter of 2023. Time charter revenues were $57.6 million for the first quarter of 2024, compared to $72.6 million for the same quarter of 2023. The decrease in time charter revenues, compared to the same quarter of last year, was due to decreased average charter rates and ownership days. Dividend Declaration The Company has declared a cash dividend on its common stock of $0.075 per share, based on the Company's results of operations during the first quarter ended March 31, 202