---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-036227"
form_type: "8-K"
ticker: "GNK"
cik: "0001326200"
company_name: "GENCO SHIPPING & TRADING LTD"
filed_at: "2024-08-07T23:59:59+00:00"
generated_at: "2026-05-31T11:39:06.737064+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Genco Shipping Q2 net income $23.5M ($0.54 EPS); declares $0.34 dividend

## Summary
- Net income $23.5M, up from $11.6M YoY; adjusted net income $19.9M ($0.46 adjusted EPS).
- Voyage revenues $107.0M vs $90.6M YoY; fleet-wide TCE $19,938/day vs $15,556/day.
- Declared $0.34/share dividend for Q2, payable Aug 26 to record Aug 19; 20th consecutive quarterly dividend.
- Paid down $65M debt in Q2; total debt reduced to $105M or 78% since 2021 value strategy.
- Agreed sales of Genco Warrior ($11.95M) and Genco Hadrian ($25M); fleet renewal ongoing.

## SEC filing metadata
- accession: 0001140361-24-036227
- form_type: 8-K
- ticker: GNK
- cik: 0001326200
- company_name: GENCO SHIPPING & TRADING LTD
- filed_at: 2024-08-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1326200/000114036124036227/0001140361-24-036227-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1326200/000114036124036227/ef20033632_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-036227
- JSON: https://secwatch.observer/filing/0001140361-24-036227.json
- Plain text: https://secwatch.observer/filing/0001140361-24-036227.txt

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