---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-26-019316"
form_type: "8-K"
ticker: "GNK"
cik: "0001326200"
company_name: "GENCO SHIPPING & TRADING LTD"
filed_at: "2026-05-06T23:59:59+00:00"
generated_at: "2026-05-14T22:33:47.505522+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Genco Q1 net income $9.3M; dividend $0.35/share, up 133% YoY; Q2 dividend projected $0.70/share

## Summary
- Q1 net income $9.3M ($0.21 EPS); adjusted net income $11.3M ($0.26 adj. EPS).
- Voyage revenues $114.4M (up 60% YoY); fleet TCE $19,346/day (up 63% YoY).
- Declared $0.35/share dividend for Q1, payable May 26; Q2 projected $0.70/share based on current fixtures.
- Acquired two Newcastlemax vessels (Mar 2026); agreed to buy 2019-built Capesize for $65M; sold two Supramaxes for $21.2M.
- Refinanced revolver to $680M; net debt low with 20% loan-to-value; liquidity $404.8M.

## SEC filing metadata
- accession: 0001140361-26-019316
- form_type: 8-K
- ticker: GNK
- cik: 0001326200
- company_name: GENCO SHIPPING & TRADING LTD
- filed_at: 2026-05-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1326200/000114036126019316/0001140361-26-019316-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1326200/000114036126019316/ef20072564_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-26-019316
- JSON: https://secwatch.observer/filing/0001140361-26-019316.json
- Plain text: https://secwatch.observer/filing/0001140361-26-019316.txt

## Source-grounded claims
- claim_id: 9e2d89495d92bd6f81d69b6374c4505a2c54ed8a
  claim: GENCO SHIPPING & TRADING LTD updated its Q2 2026 guidance (raised).
  evidence_excerpt: projections show a Q2 dividend of $0.70 per share, a 367% increase year-over-year
  evidence_url: https://www.sec.gov/Archives/edgar/data/1326200/000114036126019316/0001140361-26-019316-index.htm
- claim_id: fbe8648651d9bac71653ce7907023a111e135ba8
  claim: GENCO SHIPPING & TRADING LTD reported three months ended March 31, 2026 results: revenue $114.4 million.
  evidence_excerpt: diluted earnings per share of $0.21 o Adjusted net income of $11.3 million or basic and diluted earnings per share of $0.26 2 o Adjusted EBITDA: $36.2 million o Voyage revenues: $114.4 million ■ Net revenue 2 : $72.0 million 1 ■ Average daily fleet-wide TCE 2 : $19,346 per day, strongest Q1 since 2022 • Estimated Q2 2026 TCE to date o $23,939 for 66% of our owned fleet
  evidence_url: https://www.sec.gov/Archives/edgar/data/1326200/000114036126019316/0001140361-26-019316-index.htm
- claim_id: fbe8648651d9bac71653ce7907023a111e135ba8
  claim: GENCO SHIPPING & TRADING LTD reported three months ended March 31, 2026 results: revenue $114.4 million.
  evidence_excerpt: Voyage revenues: $114.4 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1326200/000114036126019316/0001140361-26-019316-index.htm

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