{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-23-022725","form_type":"8-K","ticker":"GNK","cik":"0001326200","company_name":"GENCO SHIPPING & TRADING LTD","filed_at":"2023-05-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.408172+00:00","generated_at":"2026-06-16T00:31:42.939884+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Genco posts Q1 net income $2.6M, EPS $0.06, declares $0.15 dividend","bullets":["Net income $2.6M ($0.06 diluted EPS) vs $41.7M ($0.97) in Q1 2022; voyage revenues $94.4M, down from $136.2M.","Average TCE $13,947/day vs $24,093/day YoY; Q2 to date TCE estimated at $16,679 for 68% of owned fleet days.","Declared $0.15/share cash dividend, payable May 23, 2023 to record May 16; 15th consecutive quarterly dividend.","Voluntarily prepaid $8.75M debt; total debt $162.3M at March 31; net loan-to-value of 11%.","Liquidity $260.4M (cash + undrawn revolver); management cites improving drybulk rates and positive outlook."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-23-022725","json":"https://secwatch.observer/filing/0001140361-23-022725.json","markdown":"https://secwatch.observer/filing/0001140361-23-022725.md","text":"https://secwatch.observer/filing/0001140361-23-022725.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1326200/000114036123022725/0001140361-23-022725-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1326200/000114036123022725/brhc20052217_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T00:31:42.939884+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"90b26a216e76d4a4335f70e5d8dec6345bd5f8d7","claim":"GENCO SHIPPING & TRADING LTD reported the three months ended March 31, 2023 results: revenue $94.4 million, net income $2.6 million, EPS $0.06.","evidence_excerpt":"Recorded net income of $2.6 million for the first quarter of 2023 o Basic and diluted earnings per share of $0.06 • Voyage revenues totaled $94.4 million and net revenue 2 (voyage revenues minus voyage expenses, charter hire expenses and realized gains or losses on fuel hedges) totaled $53.4 million during Q1 2023","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1326200/000114036123022725/0001140361-23-022725-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended March 31, 2023"},{"label":"Revenue","value":"$94.4 million"},{"label":"Net income","value":"$2.6 million"},{"label":"EPS","value":"$0.06"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}