---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-25-017722"
form_type: "8-K"
ticker: "GNK"
cik: "0001326200"
company_name: "GENCO SHIPPING & TRADING LTD"
filed_at: "2025-05-07T23:59:59+00:00"
generated_at: "2026-05-22T07:17:29.688428+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Genco Shipping Q1 net loss $11.9M; launches $50M buyback program

## Summary
- Q1 net loss of $11.9M ($0.28 per share) vs net income of $18.8M ($0.44) a year ago.
- Voyage revenues fell to $71.3M from $117.4M; fleet TCE dropped to $11,884/day from $19,219.
- Declares $0.15/share dividend, 23rd consecutive quarterly payout; record date May 22, payable May 30.
- Board authorizes $50M share repurchase program, incremental to dividend policy.
- EBITDA declined to $7.9M from $39.2M; Q2 TCE-to-date estimated at $14,042/day (+18% QoQ).

## SEC filing metadata
- accession: 0001140361-25-017722
- form_type: 8-K
- ticker: GNK
- cik: 0001326200
- company_name: GENCO SHIPPING & TRADING LTD
- filed_at: 2025-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1326200/000114036125017722/0001140361-25-017722-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1326200/000114036125017722/ef20048530_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-017722
- JSON: https://secwatch.observer/filing/0001140361-25-017722.json
- Plain text: https://secwatch.observer/filing/0001140361-25-017722.txt

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