Company research
Performance Shipping Inc.
CIK 1481241Updated Nov 6, 2026
SecurityPSHG · NASDAQ · equity
Name history
Diana Containerships Inc. · through Feb 25, 2019
PSHG price & chart
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Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | Q2 2018 | Q2 2017 | Q2 2016 | Q2 2015 | Q2 2014 | Q2 2013 | Q2 2012 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||||
| AssetsUSD | 139,886,000Source | 250,820,000Source | 411,519,000Source | 411,410,000Source | 314,941,000Source | 286,931,000Source | — | 559,853,000Source | 330,393,000Source | 296,266,000Source | 292,979,000Source |
| Property, Plant and Equipment, NetUSD | 92,489,000Source | 231,756,000Source | 372,974,000Source | 337,359,000Source | 251,042,000Source | 206,350,000Source | — | 498,472,000Source | 248,079,000Source | 213,455,000Source | 236,679,000Source |
| Current assets: | |||||||||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 3,921,000Source | 11,567,000Source | 18,790,000Source | 47,718,000Source | 38,061,000Source | 37,962,000Source | 10,995,000Source | 48,172,000Source | 70,314,000Source | 67,267,000Source | 38,726,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 240,000Source | 654,000Source | 470,000Source | 811,000Source | 521,000Source | 314,000Source | — | 6,293,000Source | 5,810,000Source | 8,280,000Source | 9,110,000Source |
| Inventory, NetUSD | 1,055,000Source | 1,816,000Source | 3,212,000Source | 3,213,000Source | 1,807,000Source | 2,127,000Source | — | 949,000Source | 549,000Source | 2,203,000Source | 3,037,000Source |
| Assets, CurrentUSD | 45,484,000Source | 15,655,000Source | 24,790,000Source | 53,679,000Source | 41,489,000Source | 42,205,000Source | — | 58,010,000Source | 78,652,000Source | 79,914,000Source | 53,463,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 950,000Source | 1,618,000Source | 2,318,000Source | 1,337,000Source | 1,100,000Source | 1,681,000Source | — | 2,398,000Source | 1,979,000Source | 2,164,000Source | 2,524,000Source |
| Operating Lease, Right-of-Use AssetUSD | — | — | — | — | — | — | — | 67,000Source | 50,000Source | 99,000Source | 163,000Source |
| Other Assets, NoncurrentUSD | — | — | — | — | — | — | — | 0Source | 226,000Source | 0Source | 522,000Source |
| LIABILITIES AND EQUITY | |||||||||||
| Commitments and ContingenciesUSD | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | — | — | — | 0Source | — |
| Stockholders’ equity: | |||||||||||
| Preferred Stock, Value, IssuedUSD | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | — | 15,000Source | 15,000Source | 15,000Source | 15,000Source |
| Common Stock, Value, IssuedUSD | 95,000Source | 0Source | 94,000Source | 739,000Source | 365,000Source | 334,000Source | — | 124,000Source | 124,000Source | 123,000Source | 42,000Source |
| Additional Paid in CapitalUSD | 422,804,000Source | 384,077,000Source | 374,314,000Source | 372,611,000Source | 280,989,000Source | 270,381,000Source | — | 534,269,000Source | 534,269,000Source | 534,112,000Source | 513,623,000Source |
| Retained Earnings (Accumulated Deficit)USD | -326,501,000Source | -254,951,000Source | -148,838,000Source | -116,398,000Source | -118,354,000Source | -81,392,000Source | — | -211,076,000Source | -259,218,000Source | -301,115,000Source | -358,041,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 6,000Source | -20,000Source | 5,000Source | -68,000Source | — | — | — | 102,000Source | 53,000Source | 49,000Source | 66,000Source |
| Stockholders' Equity Attributable to ParentUSD | 96,404,000Source | 129,106,000Source | 225,575,000Source | 256,884,000Source | 163,000,000Source | 189,323,000Source | — | 323,434,000Source | 275,243,000Source | 233,184,000Source | 155,705,000Source |
| Liabilities and EquityUSD | 139,886,000Source | 250,820,000Source | 411,519,000Source | 411,410,000Source | 314,941,000Source | 286,931,000Source | — | 559,853,000Source | 330,393,000Source | 296,266,000Source | 292,979,000Source |
| Current liabilities: | |||||||||||
| Liabilities, CurrentUSD | 42,641,000Source | 121,526,000Source | 12,639,000Source | 10,583,000Source | 3,102,000Source | 5,314,000Source | — | 26,186,000Source | 14,861,000Source | 15,344,000Source | 26,099,000Source |
| Operating Lease, Liability, CurrentUSD | — | — | — | — | — | — | — | 67,000Source | 50,000Source | 66,000Source | 73,000Source |
| Accounts Payable, CurrentUSD | 1,480,000Source | 2,444,000Source | 2,353,000Source | 3,225,000Source | 1,638,000Source | 2,188,000Source | — | 3,408,000Source | 2,214,000Source | 4,630,000Source | 4,580,000Source |
| Operating Lease, Liability, NoncurrentUSD | — | — | — | — | — | — | — | — | 0Source | 33,000Source | 90,000Source |
| Other Liabilities, NoncurrentUSD | 841,000Source | 188,000Source | 140,000Source | 171,000Source | 93,000Source | 70,000Source | — | 262,000Source | 246,000Source | 214,000Source | 156,000Source |
| Additional Financial Items | |||||||||||
| Accrued Liabilities, CurrentUSD | 2,455,000Source | 1,145,000Source | 1,405,000Source | 746,000Source | 743,000Source | 1,623,000Source | — | 9,226,000Source | 2,820,000Source | 2,976,000Source | 2,889,000Source |
| Long-term DebtUSD | — | — | 127,548,000Source | 92,591,000Source | 98,199,000Source | 92,003,000Source | — | — | 47,459,000Source | 54,886,000Source | 127,675,000Source |
| Deferred Revenue, Current | —Source | —Source | —Source | —Source | —Source | —Source | — | — | — | — | — |
| Deferred Revenue, Noncurrent | — | — | — | — | —Source | —Source | — | — | — | — | — |
| Long-term Debt, Current Maturities | —Source | —Source | —Source | —Source | — | — | — | — | — | — | — |
| Long-term Debt, Excluding Current Maturities | — | — | —Source | —Source | —Source | —Source | — | — | — | — | — |
cash flow · annual statements
| Line item | Q2 2018 | Q2 2017 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||
| Depreciation, Depletion and AmortizationUSD | — | — | 15,077,000Source | 13,336,000Source | 14,793,000Source | 9,281,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | — | 0Source | 0Source | 52,000Source | 107,000Source |
| Changes in operating assets and liabilities: | ||||||
| Increase (Decrease) in Accounts ReceivableUSD | — | — | 293,000Source | -3,232,000Source | -830,000Source | 5,318,000Source |
| Increase (Decrease) in InventoriesUSD | — | — | 400,000Source | -1,654,000Source | -834,000Source | -1,249,000Source |
| Increase (Decrease) in Accounts PayableUSD | — | — | 934,000Source | -2,667,000Source | 16,000Source | -293,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | 50,076,000Source | 59,896,000Source | 67,955,000Source | 33,847,000Source |
| Cash flows from investing activities: | ||||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | -244,589,000Source | -47,415,000Source | 25,721,000Source | -112,950,000Source |
| Cash flows from financing activities: | ||||||
| Payments for Repurchase of Common StockUSD | — | — | 0Source | 0Source | 2,749,000Source | 0Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | 172,460,000Source | -9,434,000Source | -65,135,000Source | 109,255,000Source |
| Payments of Ordinary Dividends, Common StockUSD | — | — | — | — | 0Source | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | — | -22,053,000Source | 3,047,000Source | 28,541,000Source | 30,152,000Source |
| Supplemental disclosure of cash flow information: | ||||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | 4,225,000Source | 3,528,000Source | 9,135,000Source | 3,123,000Source |
| Additional Financial Items | ||||||
| Amortization of Debt Issuance CostsUSD | — | — | 809,000Source | 107,000Source | 244,000Source | 402,000Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | — | — | 15,077,000Source | 13,336,000Source | 14,793,000Source | 9,281,000Source |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber PropertyUSD | — | — | 19,456,000Source | 0Source | 15,683,000Source | 9,543,000Source |
| Gain (Loss) on Extinguishment of DebtUSD | — | — | 0Source | 0Source | -387,000Source | — |
| General and Administrative ExpenseUSD | — | — | 9,702,000Source | 8,306,000Source | 8,042,000Source | 6,751,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | — | — | — | — | 69,413,000Source | 36,300,000Source |
| Investment Income, InterestUSD | — | — | 4,834,000Source | 3,255,000Source | 3,302,000Source | 284,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | 49,973,000Source | 43,730,000Source | 69,413,000Source | 36,300,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | 48,142,000Source | 41,897,000Source | 56,924,000Source | 12,003,000Source |
| Operating Costs and ExpensesUSD | — | — | 21,605,000Source | 19,758,000Source | 21,866,000Source | 13,828,000Source |
| Operating Lease, Impairment LossUSD | — | — | — | — | — | 0Source |
| Payments of Financing CostsUSD | — | — | 3,710,000Source | 226,000Source | 140,000Source | — |
| Proceeds from Issuance of Common StockUSD | — | — | 0Source | 0Source | 673,000Source | 1,788,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | —Source | —Source | — | — | — | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 84,172,000Source | 87,445,000Source | 108,938,000Source | 75,173,000Source |
| Operating Income (Loss)USD | 51,936,000Source | 41,814,000Source | 75,535,000Source | 39,982,000Source |
| Net Income (Loss) Attributable to ParentUSD | 49,973,000Source | 43,730,000Source | 69,413,000Source | 36,300,000Source |
| Earnings Per Share, BasicUSD per share | 3.87Source | 3.39Source | 5.43Source | 6.49Source |
| Earnings Per Share, DilutedUSD per share | 1.28Source | 1.11Source | 1.91Source | 3.02Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 12,432,158Source | 12,365,418Source | 10,491,316Source | 1,850,072Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 38,925,391Source | 39,201,865Source | 35,539,671Source | 6,447,710Source |
| Additional Financial Items | ||||
| Depreciation, Depletion and Amortization, NonproductionUSD | 15,077,000Source | 13,336,000Source | 14,793,000Source | 9,281,000Source |
| General and Administrative ExpenseUSD | 9,702,000Source | 8,306,000Source | 8,042,000Source | 6,751,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | — | — | 69,413,000Source | 36,300,000Source |
| Income (Loss) from Continuing Operations, Per Basic ShareUSD per share | — | — | 5.43Source | 6.49Source |
| Income (Loss) from Continuing Operations, Per Diluted ShareUSD per share | — | — | 1.91Source | 3.02Source |
| Interest ExpenseUSD | 6,793,000Source | 1,345,000Source | 9,598,000Source | 3,966,000Source |
| Interest Expense, DebtUSD | 5,642,000Source | 1,179,000Source | 8,499,000Source | 3,191,000Source |
| Investment Income, InterestUSD | 4,834,000Source | 3,255,000Source | 3,302,000Source | 284,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 48,142,000Source | 41,897,000Source | 56,924,000Source | 12,003,000Source |
| Net Income (Loss) from Continuing Operations Available to Common Shareholders, BasicUSD | — | — | 56,924,000Source | 12,003,000Source |
| Operating Costs and ExpensesUSD | 21,605,000Source | 19,758,000Source | 21,866,000Source | 13,828,000Source |
| Preferred Stock Dividends, Income Statement ImpactUSD | 1,831,000Source | 1,833,000Source | 1,889,000Source | 1,030,000Source |
| Undistributed Earnings (Loss) Allocated to Participating Securities, BasicUSD | 0Source | 0Source | 2,000Source | — |
Offerings
Registration 333-295541
Filing attachments
ef20083340_ex99-1.htm · 6-K · 2026-10-06
Exhibit 99.1 October 6, 2026 TO THE SHAREHOLDERS OF PERFORMANCE SHIPPING INC. Enclosed is a Notice of the Annual Meeting of Shareholders (the “Annual Meeting”) of Performance Shipping Inc. (the “Company”), which will be held at 373 Syngrou Avenue, 175 64 Palaio Faliro, Athens, Greece, on November 4, 2026 at 12:00 p.m. local time. At the Annual Meeting, holders of shares of (i) the Company’s common stock par value $0.01 per share (the “Common Shares”) and (ii) the Company’s Series C Convertib…
Read attachment ↗ef20083340_ex99-2.htm · 6-K · 2026-10-06
Exhibit 99.2 Signature [PLEASE SIGN WITHIN BOX] Date Signature (Joint Owners) Date TO VOTE, MARK BLOCKS BELOW IN BLUE OR BLACK INK AS FOLLOWS: KEEP THIS PORTION FOR YOUR RECORDS DETACH AND RETURN THIS PORTION ONLY THIS PROXY CARD IS VALID ONLY WHEN SIGNED AND DATED. T04524-Z94017 For Withhold For All All All Except!!! For Against Abstain!!! To withhold authority to vote for any individual nominee(s), mark "For All Except" and write the number(s) of the nominee(s) on the line below. PERFORMANCE …
Read attachment ↗ef20078027_ex99-1.htm · 6-K · 2026-07-15
Exhibit 99.1 Corporate Contact: Andreas Michalopoulos Chief Executive Officer, Director and Secretary Telephone: +30-216-600-2400 Email: amichalopoulos@pshipping.com Website: www.pshipping.com For Immediate Release Investor and Media Relations: Edward Nebb Comm-Counsellors, LLC Telephone: + 1-203-972-8350 Email: enebb@optonline.net Performance Shipping Inc. Extends Time Charter for Aframax Tanker M/T Blue Moon for Two Years at the Average Rate of US$40,500 per Day ATHE…
Read attachment ↗ef20078027_ex99-2.htm · 6-K · 2026-07-15
Exhibit 99.2 Corporate Contact: Andreas Michalopoulos Chief Executive Officer, Director and Secretary Telephone: +30-216-600-2400 Email: amichalopoulos@pshipping.com Website: www.pshipping.com For Immediate Release Investor and Media Relations: Edward Nebb Comm-Counsellors, LLC Telephone: + 1-203-972-8350 Email: enebb@optonline.net Performance Shipping Inc. Announces Completion of Sale and Delivery of M/T P. Sophia to New Owners ATHENS, GREECE, July 15, 2026 - Perform…
Read attachment ↗ef20077572_ex99-1.htm · 6-K · 2026-07-08
Exhibit 99.1 Corporate Contact: Andreas Michalopoulos Chief Executive Officer, Director and Secretary Telephone: +30-216-600-2400 Email: amichalopoulos@pshipping.com Website: www.pshipping.com For Immediate Release Investor and Media Relations: Edward Nebb Comm-Counsellors, LLC Telephone: + 1-203-972-8350 Email: enebb@optonline.net Performance Shipping Inc. Secures Substantially Improved Terms and Extension of Existing Nordea Bank Facility ATHENS, GREECE, July 8, 2026 …
Read attachment ↗ef20077430_ex99-1.htm · 6-K · 2026-07-06
Exhibit 99.1 Corporate Contact: Andreas Michalopoulos Chief Executive Officer, Director and Secretary Telephone: +30-216-600-2400 Email: amichalopoulos@pshipping.com Website: www.pshipping.com For Immediate Release Investor and Media Relations: Edward Nebb …
Read attachment ↗