---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-008052"
form_type: "8-K"
ticker: "GNK"
cik: "0001326200"
company_name: "GENCO SHIPPING & TRADING LTD"
filed_at: "2023-02-22T23:59:59+00:00"
generated_at: "2026-06-19T04:24:46.070218+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001140361-23-008052
- form_type: 8-K
- ticker: GNK
- cik: 0001326200
- company_name: GENCO SHIPPING & TRADING LTD
- filed_at: 2023-02-22T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1326200/000114036123008052/0001140361-23-008052-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1326200/000114036123008052/brhc10048411_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-008052
- JSON: https://secwatch.observer/filing/0001140361-23-008052.json
- Plain text: https://secwatch.observer/filing/0001140361-23-008052.txt

## Key facts
- Earnings Releases
  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
  source text: Generated $158.6 Million of Net Income and Declared Cumulative Dividends of $2.57 per share in 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1326200/000114036123008052/0001140361-23-008052-index.htm
- Earnings Releases
  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
  source text: • Recorded net income of $28.7 million for the fourth quarter of 2022 o Basic and diluted earnings per share of $0.67
  evidence_url: https://www.sec.gov/Archives/edgar/data/1326200/000114036123008052/0001140361-23-008052-index.htm

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