Diana Shipping(US:DSX) Globenewswire·2025-11-20 13:30Core Insights - Diana Shipping Inc. reported a net income of $7.2 million for Q3 2025, an increase from $3.7 million in Q3 2024, with earnings per share rising to $0.05 from $0.02 in the same period last year [1][3][26] - Time charter revenues decreased to $51.9 million in Q3 2025 from $57.5 million in Q3 2024, primarily due to the sale of vessels [2] - For the nine months ending September 30, 2025, net income was $14.7 million compared to $3.0 million in the same period of 2024, with time charter revenues at $161.5 million, down from $171.1 million [3][13] Financial Performance - Q3 2025 net income attributable to common stockholders was $5.7 million, up from $2.3 million in Q3 2024 [1][26] - Nine-month net income attributable to common stockholders reached $10.4 million, compared to a net loss of $1.3 million in the same period of 2024 [3][26] - Time charter equivalent (TCE) rate for Q3 2025 was $15,178, slightly down from $15,333 in Q3 2024 [14][15] Dividend Declaration - The company declared a cash dividend of $0.01 per share, payable on December 17, 2025, to shareholders of record as of December 8, 2025 [4] Fleet and Employment - As of November 18, 2025, the company operated a fleet of 36 vessels, with an average age of 11.9 years [13][14] - Fleet utilization for Q3 2025 was reported at 99.4%, indicating high operational efficiency [14] Balance Sheet Highlights - Total assets as of September 30, 2025, were $1.18 billion, compared to $1.17 billion at the end of 2024 [27][28] - Long-term debt stood at $651.1 million, up from $637.5 million at the end of 2024 [28] Cash Flow Analysis - Net cash provided by operating activities for the nine months ended September 30, 2025, was $40.2 million, down from $68.4 million in the same period of 2024 [31]