Genco Q2 net income $16.6M, dividend $0.80/share (+433% YoY); projects Q3 dividend >$1

GENCO SHIPPING & TRADING LTD

Q2 net income $16.6M ($0.38 basic EPS) vs net loss $6.8M in Q2 2025; adjusted net income $29.2M ($0.67 adjusted EPS).
Voyage revenues $136.4M, up 69% YoY; average TCE $24,273/day vs $13,631/day.
Adjusted EBITDA $56.7M, up 297% YoY; net loan-to-value 18% at June 30, 2026.
Declared Q2 dividend $0.80/share (payable Aug 24, record Aug 17); projects Q3 dividend >$1/share.
Acquiring Genco Volunteer (Capesize) for delivery Aug 2026; drew $50M on revolver; pro forma debt $380M.

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