Genco Shipping & Trading Ltd Stock Price, News & Analysis

Genco Shipping & Trading Limited (NYSE: GNK) will conduct a conference call on February 23, 2023, at 8:30 a.m. Eastern Time, to discuss its fourth quarter 2022 results. Financial results, which will be released on February 22, 2023, after market close, will cover key metrics relevant to investors. Participants can access the call via dial-in or live webcast, with a replay available for two weeks. Genco operates a modern fleet focused on transporting dry bulk commodities, including iron ore and grain, with a total capacity of approximately 4,636,000 deadweight tons (dwt).

Genco Shipping & Trading Limited (NYSE:GNK), a leading U.S.-based dry bulk shipowner, will participate in Capital Link’s Corporate Presentations Webinar Series on January 24, 2023, at 10:00 AM ET. The senior management team will present updates on the company's operations, business development, and growth prospects in the dry bulk sector. Interested participants can register for the webinar through the provided link. After registering, attendees will receive an email confirmation with a presentation link. A live Q&A session will be available, allowing participants to submit questions during the webinar or via email. Genco operates 44 vessels with a total capacity of approximately 4,636,000 dwt.

Genco Shipping & Trading Limited (GNK) declared a $0.78 per share dividend for Q3 2022, representing a 56% increase from Q2 2022 and marking the 13th consecutive quarterly payout.

Net income for the third quarter was $40.8 million, with earnings per share of $0.96. Revenue totaled $136 million, down from $155 million year-over-year.

The company paid down $8.75 million in debt, reducing total debt to $179.8 million. Q4 2022 TCE is estimated at $20,451.

Genco Shipping & Trading Limited (NYSE: GNK) announced a conference call to discuss its third quarter 2022 financial results on November 10, 2022, at 8:30 a.m. ET. The call will feature a live audio broadcast and a supporting slide presentation. Financial results will be released on November 9, 2022, after market close. Interested participants can access the call via phone at 786-697-3501 or 866-580-3963, using passcode 8740274. A replay will be available for two weeks following the conference.

Genco Shipping & Trading Limited (NYSE: GNK) reported robust Q2 2022 results with net income of $47.4 million, or $1.12 per share, reflecting a year-over-year increase of nearly 50%. The company declared a dividend of $0.50 per share, marking its 12th consecutive quarterly payout and an annualized yield of 10%. Voyage revenues reached $137.8 million, with an average daily time charter equivalent of $28,756, up 36% year over year. Genco also reduced its debt to $188.5 million, achieving a net loan-to-value of 12%, while maintaining a strong liquidity position of $269.5 million.

Genco Shipping & Trading Limited (NYSE: GNK) is scheduled to hold a conference call on August 4, 2022, at 8:30 a.m. ET to discuss its second-quarter 2022 financial results, which will be released on August 3, 2022. The call can be accessed via dial-in numbers or through a live webcast with a slide presentation. Genco Shipping operates a modern fleet, including 17 Capesize, 15 Ultramax, and 12 Supramax vessels, totaling approximately 4,636,000 dwt capacity and an average age of 10.4 years. A replay will be available for two weeks after the call.

Genco Shipping & Trading Limited (GNK) announced a $0.79 per share dividend for Q1 2022, marking an 18% increase from the previous quarter. This dividend reflects the Company’s 11th consecutive payout and aligns with its comprehensive value strategy. Genco reported a net income of $41.7 million with earnings per share of $0.99, alongside voyage revenues of $136.2 million. Liquidity remains strong at $270.9 million. Despite challenges like rising fuel prices and geopolitical tensions, Genco anticipates strong performance for Q2 2022 with a TCE of $27,596.

Genco Shipping & Trading Limited (NYSE: GNK) will present at NobleCon18 Investor Conference on April 21, 2022, at 10:30 AM. CFO Apostolos Zafolias and SVP Peter Allen are set to highlight the company's strategic initiatives. Genco specializes in the global transportation of commodities, operating a modern fleet of 44 vessels, including 17 Capesize, 15 Ultramax, and 12 Supramax, with a total capacity of around 4,635,000 dwt. The company's diversified operations allow it to transport key cargoes like iron ore, grain, and nickel ore across worldwide shipping routes.

Genco Shipping & Trading Limited (NYSE: GNK) will hold a conference call on May 5, 2022, at 8:30 a.m. ET to discuss its Q1 2022 results. The financial results will be released on May 4, 2022, after market close. Investors can access the call by dialing 646-828-8193 or 888-394-8218 with passcode 1292605, or participate via a live webcast on the company's website. A replay will be available for two weeks. Genco specializes in the global transportation of dry bulk commodities and operates a fleet of 44 vessels with a total capacity of approximately 4,635,000 dwt.