---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-25-005143"
form_type: "8-K"
ticker: "GNK"
cik: "0001326200"
company_name: "GENCO SHIPPING & TRADING LTD"
filed_at: "2025-02-19T23:59:59+00:00"
generated_at: "2026-05-26T10:44:20.008489+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Genco Shipping Q4 net income $12.7M ($0.29 EPS); declares $0.30 dividend; full-year adj EBITDA $151.2M up 49%

## Summary
- Q4 net income $12.7M ($0.29 EPS) vs $4.9M in Q4 2023; adjusted net income $12.8M.
- Declared $0.30 per share dividend for Q4 2024, 22nd consecutive quarterly dividend; payable March 18, 2025.
- Full-year 2024 net income $76.4M ($1.77 EPS) vs net loss $12.9M in 2023; adj EBITDA $151.2M, up 49% YoY.
- Fleet TCE $18,007/day in Q4 2024; FY 2024 TCE $19,107/day (up 29% YoY).
- Acquired Genco Intrepid (Capesize) for $47.5M; sold Genco Hadrian for $25M. Debt $90M, net LTV 5%.

## SEC filing metadata
- accession: 0001140361-25-005143
- form_type: 8-K
- ticker: GNK
- cik: 0001326200
- company_name: GENCO SHIPPING & TRADING LTD
- filed_at: 2025-02-19T23:59:59+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/1326200/000114036125005143/0001140361-25-005143-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1326200/000114036125005143/ef20043772_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-005143
- JSON: https://secwatch.observer/filing/0001140361-25-005143.json
- Plain text: https://secwatch.observer/filing/0001140361-25-005143.txt

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