secwatch.observer — SEC 8-K summary
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Issuer:     GENCO SHIPPING & TRADING LTD (GNK)
CIK:        0001326200
Form:       8-K
Filed at:   2022-11-09T23:59:59+00:00
Accession:  0001140361-22-040715
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Genco declares $0.78 Q3 dividend (+56% QoQ); net income $40.8M, TCE $23,624/day
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- Declared $0.78/share Q3 dividend, 56% increase from Q2; payable Nov 28 to holders of record Nov 21.
- Net income $40.8M ($0.96 EPS); adjusted net income $42.7M ($1.00 EPS); voyage revenues $136.0M.
- Q3 TCE $23,624/day (sixth straight quarter above $20k); estimated Q4 TCE $20,451 for 77% of fleet days.
- Debt reduced to $179.8M after $8.75M prepay; net loan-to-value 11%; liquidity $287.4M.
- YTD net income $129.9M; revenues $410.0M; cumulative dividends $2.74/share over last four quarters.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1326200/000114036122040715/0001140361-22-040715-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1326200/000114036122040715/brhc10043888_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-22-040715

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