---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-22-028053"
form_type: "8-K"
ticker: "GNK"
cik: "0001326200"
company_name: "GENCO SHIPPING & TRADING LTD"
filed_at: "2022-08-03T23:59:59+00:00"
generated_at: "2026-06-24T04:56:29.185688+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Genco Q2 net income $47.4M, EPS $1.12; declares $0.50 dividend, 36% higher TCE YoY

## Summary
- Q2 net income $47.4M ($1.12 basic EPS) vs $32.0M ($0.76) year ago; revenue $137.8M.
- Fleet-wide TCE $28,756/day, up 36% YoY; Q3-to-date estimated TCE $25,059 for 79% of days.
- Declares $0.50/share dividend (12th consecutive quarterly payout), payable Aug 23 to holders Aug 16.
- Prepaid $8.75M debt in Q2; net debt-to-asset value 12%; liquidity $269.5M.
- Q2 drydocking capex $22.6M front-loaded; Q3 estimate $6.8M; DVOE budget Q3 $4,950/day.

## SEC filing metadata
- accession: 0001140361-22-028053
- form_type: 8-K
- ticker: GNK
- cik: 0001326200
- company_name: GENCO SHIPPING & TRADING LTD
- filed_at: 2022-08-03T23:59:59+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/1326200/000114036122028053/0001140361-22-028053-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1326200/000114036122028053/brhc10040336_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-22-028053
- JSON: https://secwatch.observer/filing/0001140361-22-028053.json
- Plain text: https://secwatch.observer/filing/0001140361-22-028053.txt

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