{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-24-008832","form_type":"8-K","ticker":"GNK","cik":"0001326200","company_name":"GENCO SHIPPING & TRADING LTD","filed_at":"2024-02-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.782493+00:00","generated_at":"2026-06-05T21:49:11.925196+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Genco Q4 net income $4.9M, adj EPS $0.43; declares $0.41/share dividend","bullets":["Net income $4.9M ($0.12 diluted EPS) includes $13.6M vessel impairment; adjusted net income $18.6M ($0.43 diluted EPS).","Q4 TCE $17,373/day, up 44% from Q3; FY 2023 TCE $14,766, outperforming benchmark by ~$1,300/day.","Declared Q4 dividend of $0.41/share (18th consecutive), payable March 13, 2024 to holders of record March 6, 2024.","Closed $500M revolver (maturity 2028, margin 1.85%-2.15%); debt cut 55% since 2021; net loan-to-value ~10%.","Acquired two 2016-built scrubber-fitted Capesize vessels for $86.1M; agreed to sell three older Capesize for $56.0M, saving ~$10M in 2024 drydock costs."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-24-008832","json":"https://secwatch.observer/filing/0001140361-24-008832.json","markdown":"https://secwatch.observer/filing/0001140361-24-008832.md","text":"https://secwatch.observer/filing/0001140361-24-008832.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1326200/000114036124008832/0001140361-24-008832-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1326200/000114036124008832/ee20021948_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T21:49:11.925196+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":"bf5129fc561bf0fd86548ec92d967b33648a9d94","claim":"GENCO SHIPPING & TRADING LTD reported Q4 2023 results: revenue $115.5 million, net income $4.9 million, EPS $0.12 and $0.11.","evidence_excerpt":"Financial performance: Net income of $4.9 million for Q4 2023, including a non-cash vessel impairment charge of $13.6 million, or basic and diluted earnings per share of $0.12 and $0.11, respectively o Adjusted net income of $18.6 million or basic and diluted earnings per share of $0.43, excluding the non-cash vessel impairment charge of $13.6 million 2 o Adjusted EBITDA of $37.1 million for Q4 2023 and $101.5 million for FY 2023 2 1 • Voyage revenues: Totaled $115.5 million in Q4 2023","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1326200/000114036124008832/0001140361-24-008832-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Q4 2023"},{"label":"Revenue","value":"$115.5 million"},{"label":"Net income","value":"$4.9 million"},{"label":"EPS","value":"$0.12 and $0.11"},{"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"}