Genco Shipping & Trading Limited Reports Q4 2022 Net Income of $28.7M and Declares $0.50 Dividend

GENCO SHIPPING & TRADING LTD

2022-FY EPS reported $3.70 revenue$536,934,000

Net income of $28.7 million for Q4 2022, or $0.67 per share; FY2022 net income $158.6 million.
Declared a $0.50 per share dividend for Q4 2022, the 14th consecutive quarterly payout.
Fleet-wide TCE of $19,330 per day for Q4 2022; estimated Q1 2023 TCE of $14,217 for 84% of owned fleet days.
Voluntarily prepaid $8.75 million of debt in Q4 2022, reducing total debt to $171.0 million.
Liquidity of $277.0 million as of Dec 31, 2022, including $64.1 million cash and $212.9 million revolver availability.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

GENCO SHIPPING & TRADING LTD reported the twelve months ended December 31, 2022 results: net income $158.6 Million.

Period: the twelve months ended December 31, 2022
Net income: $158.6 Million
Result: reported results

Exact text from the filing

Generated $158.6 Million of Net Income and Declared Cumulative Dividends of $2.57 per share in 2022

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

GENCO SHIPPING & TRADING LTD reported the fourth quarter ended December 31, 2022 results: net income $28.7 million, EPS $0.67.

Period: the fourth quarter ended December 31, 2022
Net income: $28.7 million
EPS: $0.67
Result: reported results

Exact text from the filing

• Recorded net income of $28.7 million for the fourth quarter of 2022 o Basic and diluted earnings per share of $0.67

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GENCO SHIPPING & TRADING LTD filing history →

Source: SEC EDGAR

accession 0001140361-23-008052

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