secwatch.observer — SEC 8-K summary
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Issuer:     GENCO SHIPPING & TRADING LTD (GNK)
CIK:        0001326200
Form:       8-K
Filed at:   2025-02-19T23:59:59+00:00
Accession:  0001140361-25-005143
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1326200/000114036125005143/0001140361-25-005143-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1326200/000114036125005143/ef20043772_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-25-005143

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