Diana Shipping (NYSE: DSX): Q3 2019 Earnings Snapshot

— Diana Shipping Inc. (NYSE: DSX) reported its third-quarter 2019 breakeven per share versus $0.02 per share expected.

— Time charter revenues fell by 13% to $53.53 million versus $51.78 million expected. This was due to the sale of two vessels in December 2018 and decreased average time charter rates that it achieved for its vessels.

— The average number of vessels decreased to 43.8 from 50 in the prior-year quarter. However, the weighted average age of vessels rose to 9.4 from 9.1 a year ago.

— Fleet utilization for the third quarter declined to 99.4% from 99.5% in the previous year quarter.

— Time charter equivalent rate decreased to $12,682 from $12,975 a year earlier. However, the daily vessel operating expenses rose to $5,458 from $4,958 a year ago.

— Long-term debt as of September 30, 2019, was $485.53 million while cash and cash equivalents stood at $127.27 million.

Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference and much more!