Inferra AI / Company / GNK
Genco Shipping & Trading Ltd.
GNK · Industrials
Last earnings Aug 5, 2026
Key results
Net incomequarter
$23.5 million
Comparatively, for the three months ended June 30, 2024, the Company recorded net income of $23.5 million, or $0.54 basic and diluted earnings per share, respectively.
SEC original ↗Genco Shipping & Trading Ltd. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
Adjusted net incomequarter
$19.9 million
Adjusted net income amounted to $19.9 million, or $0.46 basic and diluted earnings per share, excluding other operating expense of $3.9 million, a gain on sale of vessels of $13.2 million, non-cash vessel impairment charges of $5.6 million and unrealized fuel losses of $0.1 million.
SEC original ↗Genco Shipping & Trading Ltd. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
Revenuequarter
$80.9 million
Revenue / TCE The Company s revenues decreased to $80.9 million for the three months ended June 30, 2025 as compared to $107.0 million recorded for the three months ended June 30, 2024, primarily due to lower rates earned by our major and minor bulk vessels as well as the operation of a smaller fleet.
SEC original ↗Genco Shipping & Trading Ltd. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
Revenue / TCE The Company s revenues decreased to $152.2 million for the six months ended June 30, 2025 compared to $224.5 million for the six months ended June 30, 2024, primarily due to lower rates earned by our major and minor bulk vessels as well as the operation of a smaller fleet.
SEC original ↗Genco Shipping & Trading Ltd. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
AI analysis
Q2 2025 · reported Aug 6, 2025
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
Headline figures
| Metric | Q2 2025 | Prior qtr | Year ago |
|---|---|---|---|
| Net income | $23.5 million | — | — |
| Adjusted net income | $19.9 million | — | — |
| Revenue | $80.9 million | — | — |
Guidance · company-stated
No guidance located in the held release
“We have $58.5 million of remaining capital expenditures for this acquisition after funding $6.5 million in Q2 2026.”
Capital allocation
htm EXHIBIT 99.1 Exhibit 99.1 GENCO SHIPPING & TRADING LIMITED ANNOUNCES Q2 2025 FINANCIAL RESULTS Declares Dividend of $0.15 per share for Q2 2025 Represents Genco s 24 th Consecutive Quarterly Dividend Announces Acquisition of High-Specification Capesize Vessel New York, New York, August 6, 2025 Genco Shipping & Trading Limited (NYSE:GNK) ( Genco or the Company ), the largest U.
Company-stated claims
Historical · increased by 433% · dividend
“Our Q2 dividend of $0.80 per share increased by 433% on a year-over-year basis, marking a value strategy record.”
EX-99 · Aug 5, 2026Forward-looking · increase of more than 560% · dividend
“Based on our significant operating leverage in a strengthening market, firm fixtures to date and assuming the current FFA curve, we project a record Q3 dividend of over $1 per share, an increase of more than 560% year-over-year.”
EX-99 · Aug 5, 2026Event summary
GENCO SHIPPING & TRADING LIMITED ANNOUNCES Q2 2025 FINANCIAL RESULTS
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
Guidance & outlook
No guidance located in the held release
Capital allocation
htm EXHIBIT 99.1 Exhibit 99.1 GENCO SHIPPING & TRADING LIMITED ANNOUNCES Q2 2025 FINANCIAL RESULTS Declares Dividend of $0.15 per share for Q2 2025 Represents Genco s 24 th Consecutive Quarterly Dividend Announces Acquisition of High-Specification Capesize Vessel New York, New York, August 6, 2025 Genco Shipping & Trading Limited (NYSE:GNK) ( Genco or the Company ), the largest U.
SEC original ↗Genco Shipping & Trading Ltd. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
Declaration of our Q2 dividend marks our 24 th consecutive dividend, representing the longest uninterrupted dividend period among our drybulk peer group.
SEC original ↗Genco Shipping & Trading Ltd. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
Including Q2, total dividends to shareholders will amount to $6.915 per share, or approximately 41% of our current share price.
SEC original ↗Genco Shipping & Trading Ltd. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
Wobensmith continued, Following our success expanding Genco s borrowing capacity by 50% with the closing of our new $600 million revolving credit facility, we also acted decisively to grow our Capesize fleet.
SEC original ↗Genco Shipping & Trading Ltd. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
Genco intends to fund the acquisition through a combination of cash on hand and a drawdown from its revolving credit facility.
SEC original ↗Genco Shipping & Trading Ltd. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
New $600 Million Revolving Credit Facility In July, Genco closed on a $600 million revolving credit facility, amending, extending and upsizing its existing facility to provide significant borrowing capacity to pursue accretive growth opportunities among other uses.
SEC original ↗Genco Shipping & Trading Ltd. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
Strategy & priorities
headquartered drybulk shipowner focused on the global transportation of commodities, today reported its financial results for the three months and six months ended June 30, 2025.
SEC original ↗Genco Shipping & Trading Ltd. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
Wobensmith, Chief Executive Officer, commented , We continue to execute on our differentiated value strategy, as we position the Company to return capital to shareholders and expand our earnings power through drybulk market cycles.
SEC original ↗Genco Shipping & Trading Ltd. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
This latest agreement to acquire a high-specification Capesize vessel reflects the continued execution of Genco s growth strategy to further modernize our asset base and improve our earnings capacity.
SEC original ↗Genco Shipping & Trading Ltd. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
As part of our value strategy, Genco has invested approximately $200 million in the Capesize sector over the last two years, with proceeds from the sale of older, less fuel-efficient vessels reinvested into modern eco ships, during a period of compelling supply and demand dynamics that underpin strong future prospects for the Capesize market.
SEC original ↗Genco Shipping & Trading Ltd. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
A key component of Genco s value strategy is maintaining a voluntary quarterly reserve, as well as the optionality for the use of the reserve as Genco seeks to pay sizeable dividends across the cyclicality of the drybulk market while continuing to invest in our fleet.
SEC original ↗Genco Shipping & Trading Ltd. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
Risks & headwinds
The Company is not aware of any such legal proceedings or claims that it believes will have, individually or in the aggregate, a material effect on the Company, its financial condition, results of operations or cash flows.
SEC original ↗Genco Shipping & Trading Ltd. — 10-Q Quarterly report10-QAug 5, 2026
Competitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
31 documentsEarnings releases
7 documentsPresentations
0 documentsNo presentations for Genco Shipping & Trading Ltd. are held in this edition of the library.
Transcripts
0 documentsNo transcripts for Genco Shipping & Trading Ltd. are held in this edition of the library.
See also the earnings calendar for every tracked company’s next earnings date.