{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-24-024967","form_type":"8-K","ticker":"GNK","cik":"0001326200","company_name":"GENCO SHIPPING & TRADING LTD","filed_at":"2024-05-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:17.865722+00:00","generated_at":"2026-06-02T08:58:22.293162+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Genco Q1 net income $18.8M, TCE $19,219/day, declares $0.42 dividend, reduces debt by $85M YTD","bullets":["Net income $18.8M ($0.44 basic EPS); adjusted net income $21.4M ($0.50 adjusted EPS).","Voyage revenues $117.4M; fleet TCE $19,219/day, up 38% YoY from $13,947.","Declared Q1 dividend $0.42/share; 19th consecutive quarterly dividend; payable May 30, record May 22.","Debt reduced $30M in Q1, $85M YTD; net LTV 7%; liquidity $347.6M ($48.7M cash + $298.9M revolver).","Sold three Capesize vessels for $66.5M gross; estimated Q2 TCE $20,126 for 65% of owned fleet days."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-24-024967","json":"https://secwatch.observer/filing/0001140361-24-024967.json","markdown":"https://secwatch.observer/filing/0001140361-24-024967.md","text":"https://secwatch.observer/filing/0001140361-24-024967.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1326200/000114036124024967/0001140361-24-024967-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1326200/000114036124024967/ef20028617_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T08:58:22.293162+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":"24a690d7a0a8d6f1395c83205fa79ad694f022dc","claim":"GENCO SHIPPING & TRADING LTD reported the first quarter ended March 31, 2024 results: revenue $117.4 million, net income $18.8 million.","evidence_excerpt":"of $1.8 million, a loss on sale of vessels of $1.0 million and unrealized fuel gains of $0.2 million o Adjusted EBITDA of $41.9 million for Q1 2024 2 • Voyage revenues: Totaled $117.4 million in Q1 2024 o Net revenue 2 was $76.7 million during Q1 2024 o Average daily fleet-wide TCE 2 was $19,219 for Q1 2024 • Estimated TCE to date for Q2 2024: $20,126 for 65% of our","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1326200/000114036124024967/0001140361-24-024967-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ended March 31, 2024"},{"label":"Revenue","value":"$117.4 million"},{"label":"Net income","value":"$18.8 million"},{"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"}