Highest-materiality recent filing
Genco Q2 net income $16.6M, dividend $0.80/share (+433% YoY); projects Q3 dividend >$1
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).
Genco Q1 net income $9.3M; dividend $0.35/share, up 133% YoY; Q2 dividend projected $0.70/share
Q1 net income $9.3M ($0.21 EPS); adjusted net income $11.3M ($0.26 adj. EPS).
Genco declares $0.50/share Q4 dividend; Q4 adj. EBITDA $42M, highest since 2022
Declared $0.50/share dividend for Q4 2025, highest since Q4 2022; payable March 18, 2026, record March 11, 2026.
Genco Shipping estimates Q4 2025 TCE at approx $20,000/day for 95% of available days
Estimated TCE ~$20,000/day for ~95% of owned available days in Q4 2025.
Genco posts Q3 net loss $1.1M, declares $0.15/share dividend; Q4 TCE estimate >$20k
Net loss $1.1M ($0.02/sh) vs net income $21.5M ($0.50/sh) in Q3 2024; adjusted net loss $0.4M.
Genco Q2 net loss $6.8M; declares $0.15 dividend; acquires Capesize for $63.6M
Q2 net loss of $6.8M ($0.16/sh) vs net income of $23.5M ($0.54/sh) year ago; revenue down 24% to $80.9M.
Genco Shipping upsizes credit facility to $600M, extends maturity to July 2030
Revolver increased to $600M from $400M (50% raise); total facility moves from $500M to $600M.
Genco Shipping Q1 net loss $11.9M; launches $50M buyback program
Q1 net loss of $11.9M ($0.28 per share) vs net income of $18.8M ($0.44) a year ago.
Q4 net income $12.7M ($0.29 EPS) vs $4.9M in Q4 2023; adjusted net income $12.8M.
Genco posts Q3 net income $21.5M, declares $0.40 dividend; TCE up 59% YoY
Net income $21.5M ($0.50 basic EPS) vs net loss $32.0M ($0.75 loss) in Q3 2023.
Genco Shipping Q2 net income $23.5M ($0.54 EPS); declares $0.34 dividend
Net income $23.5M, up from $11.6M YoY; adjusted net income $19.9M ($0.46 adjusted EPS).
Genco updates vessel sale gain of ~$13M and provides Q2 fleet TCE estimate of $19k/day
Received $3.7M in deposits from prior vessel buyers; expects ~$13M gain on sale of Genco Claudius and Genco Maximus in Q2 2024.
Genco Q1 net income $18.8M, TCE $19,219/day, declares $0.42 dividend, reduces debt by $85M YTD
Net income $18.8M ($0.44 basic EPS); adjusted net income $21.4M ($0.50 adjusted EPS).
Genco Shipping guides Q1 TCE ~$18,900/day, sells two vessels for $47M
Estimated Q1 2024 fleet-wide TCE rate of ~$18,900/day for 92% of owned available days.
Genco Q4 net income $4.9M, adj EPS $0.43; declares $0.41/share dividend
Net income $4.9M ($0.12 diluted EPS) includes $13.6M vessel impairment; adjusted net income $18.6M ($0.43 diluted EPS).
Genco Shipping estimates Q4 2023 TCE rate of ~$17,200/day; expects $3M charge from vessel sale
Estimated Q4 2023 TCE rate of approx. $17,200/day for ~95% of owned available days.
Genco upsizes credit facility to $500M, extends maturity to Nov 2028
Maximum loan capacity increased to $500M from $344M, a $156M (46%) increase.
Net loss of $32.0M ($0.75 loss/share) includes $28.1M non-cash vessel impairment; adjusted net loss $3.9M.
Genco Q2 net income $11.6M ($0.27 EPS); declares $0.15 dividend
Net income $11.6M ($0.27 basic EPS) vs $47.4M ($1.12) YoY; revenue $90.6M down 34% from $137.8M.
Genco posts Q1 net income $2.6M, EPS $0.06, declares $0.15 dividend
Net income $2.6M ($0.06 diluted EPS) vs $41.7M ($0.97) in Q1 2022; voyage revenues $94.4M, down from $136.2M.
Genco CFO Apostolos Zafolias to depart June 15, 2023; to serve as consultant through Dec 31
CFO and EVP Finance Apostolos Zafolias intends to leave for an opportunity outside the maritime industry.
Genco Shipping & Trading Limited Reports Q4 2022 Net Income of $28.7M and Declares $0.50 Dividend
Net income of $28.7 million for Q4 2022, or $0.67 per share; FY2022 net income $158.6 million.
Genco declares $0.78 Q3 dividend (+56% QoQ); net income $40.8M, TCE $23,624/day
Declared $0.78/share Q3 dividend, 56% increase from Q2; payable Nov 28 to holders of record Nov 21.
Genco Q2 net income $47.4M, EPS $1.12; declares $0.50 dividend, 36% higher TCE YoY
Q2 net income $47.4M ($1.12 basic EPS) vs $32.0M ($0.76) year ago; revenue $137.8M.
Genco Shipping Q1 net income $41.7M; declares $0.79 dividend, up 18% QoQ
Net income $41.7M ($0.99 basic EPS); TCE $24,093/day, +98% YoY.
On March 4, 2024, the Board of Directors (the “Board”) of Genco Shipping & Trading Limited (the “Company”) Board appointed Paramita Das as a director of the Company.
On May 18, 2023, Peter Allen was appointed as the Chief Financial Officer of Genco Shipping & Trading Limited (the “Company”), effective June 16, 2023.
On April 13, 2023, Apostolos Zafolias, the Corporation’s Chief Financial Officer and Executive Vice President, Finance informed the Corporation that he intends to depart from his roles at the Corporation in the near future to pursue an opportunity outside the maritime industry.
On April 2, 2023, in connection with the consolidation of the chartering and operations departments of Genco Shipping & Trading Limited (the “Company”), Jesper Christensen was appointed as the Company’s Chief Commercial Officer.
On March 6, 2023, Robert Hughes resigned as the Chief Operations Officer of Genco Shipping & Trading Limited (the “Company”) in connection with an internal consolidation of the Company’s business departments
On August 16, 2022, Bao D. Truong, who has served as a director of Genco Shipping & Trading Limited (the “Company”) since July 2014, informed the Company of his intention to resign as a director. The following day, Mr. Truong resigned.
Max materiality 0.90 · Median 0.57 · Most common event earnings