---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-045426"
form_type: "8-K"
ticker: "GNK"
cik: "0001326200"
company_name: "GENCO SHIPPING & TRADING LTD"
filed_at: "2024-11-06T23:59:59+00:00"
generated_at: "2026-05-30T04:23:09.191692+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Genco posts Q3 net income $21.5M, declares $0.40 dividend; TCE up 59% YoY

## Summary
- Net income $21.5M ($0.50 basic EPS) vs net loss $32.0M ($0.75 loss) in Q3 2023.
- Q3 dividend $0.40/share payable Nov 25, 2024; 21st consecutive quarterly dividend. Enhanced policy excludes drydocking capex.
- TCE $19,260/day vs $12,082/day YoY; estimated Q4 TCE $18,786 for 65% of owned fleet days.
- Acquired Genco Intrepid (2016-built Capesize) for $47.5M; sold Genco Warrior ($11.95M) and Genco Hadrian ($25.0M).
- Adjusted EBITDA $36.9M; liquidity $380M; net loan-to-value 5%; total debt $80M at Sep 30.

## SEC filing metadata
- accession: 0001140361-24-045426
- form_type: 8-K
- ticker: GNK
- cik: 0001326200
- company_name: GENCO SHIPPING & TRADING LTD
- filed_at: 2024-11-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1326200/000114036124045426/0001140361-24-045426-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1326200/000114036124045426/ef20038144_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-045426
- JSON: https://secwatch.observer/filing/0001140361-24-045426.json
- Plain text: https://secwatch.observer/filing/0001140361-24-045426.txt

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