---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-22-017663"
form_type: "8-K"
ticker: "GNK"
cik: "0001326200"
company_name: "GENCO SHIPPING & TRADING LTD"
filed_at: "2022-05-04T23:59:59+00:00"
generated_at: "2026-06-26T00:29:52.512618+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Genco Shipping Q1 net income $41.7M; declares $0.79 dividend, up 18% QoQ

## Summary
- Net income $41.7M ($0.99 basic EPS); TCE $24,093/day, +98% YoY.
- Declares $0.79/share dividend for Q1 2022, payable May 24 to record May 16; 18% increase over Q4 2021.
- Debt prepaid $48.75M in Q1, reducing total debt to $197.3M; net LTV 12%.
- EBITDA $58.0M; liquidity $270.9M ($49.1M cash + $221.8M revolver).
- Estimated Q2 2022 TCE $27,596 for 68% of owned fleet days; front-loads capex in softer Q2.

## SEC filing metadata
- accession: 0001140361-22-017663
- form_type: 8-K
- ticker: GNK
- cik: 0001326200
- company_name: GENCO SHIPPING & TRADING LTD
- filed_at: 2022-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1326200/000114036122017663/0001140361-22-017663-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1326200/000114036122017663/brhc10036986_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-22-017663
- JSON: https://secwatch.observer/filing/0001140361-22-017663.json
- Plain text: https://secwatch.observer/filing/0001140361-22-017663.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.