earnings
confidence high
sentiment negative
materiality 0.75
Genco posts Q3 net loss $1.1M, declares $0.15/share dividend; Q4 TCE estimate >$20k
GENCO SHIPPING & TRADING LTD
2025-Q3 EPS reported
-$0.46
revenue$232,130,000
- Net loss $1.1M ($0.02/sh) vs net income $21.5M ($0.50/sh) in Q3 2024; adjusted net loss $0.4M.
- Revenue fell to $79.9M from $99.3M; fleet TCE dropped to $15,959/day from $19,260/day.
- Declared $0.15/share dividend (25th consecutive), payable Nov 24; cumulative dividends $7.065/share.
- Acquired 2020-built Capesize Genco Courageous for $63.6M in Oct 2025.
- Q4 2025 TCE to date estimated $20,101/day for 72% of owned fleet days; Capesize at $27,077/day.