secwatch.observer — SEC 8-K summary
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Issuer:     GENCO SHIPPING & TRADING LTD (GNK)
CIK:        0001326200
Form:       8-K
Filed at:   2023-02-22T23:59:59+00:00
Accession:  0001140361-23-008052
Event type: earnings
Sentiment:  neutral
Materiality: 0.90
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1326200/000114036123008052/0001140361-23-008052-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1326200/000114036123008052/brhc10048411_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-008052

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