Here are the 10-Q quarterly reports from Genco Shipping & Trading Ltd (GNK) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow GNK and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full GNK filings page.
Genco Shipping & Trading Limited (GNK) reported third-quarter 2026 revenue of $151.855 million, compared with $79.921 million a year earlier, and net income attributable to Genco of $38.003 million, versus a $1.053 million loss. Fleet-average Time Charter Equivalent earnings were $27,539 per day, compared with $15,959.
For the nine months ended September 30, 2026, revenue was $402.698 million and net income attributable to Genco was $63.961 million, versus $232.130 million and a $19.777 million loss in 2025. Operating cash flow was $115.436 million. At September 30, cash was $94.611 million, undrawn revolver availability was $300.0 million, and principal debt outstanding was $380.0 million.
Genco took delivery of the 2019-built, 182,000-dwt Capesize vessel Genco Volunteer on August 12, 2026; its $65.000 million purchase price was reduced by $1.080 million after a delivery delay. On November 4, 2026, Genco declared a $1.05-per-share quarterly dividend, expected to total approximately $46.8 million, payable on or about November 23 to holders of record November 16.
Genco Shipping & Trading Limited reported a strong turnaround for the quarter ended June 30, 2026. Voyage revenues rose to $136.4 million from $80.9 million a year earlier, lifting operating income to $21.8 million from a loss and net income to $16.7 million, or $0.38 basic EPS, versus a prior-year loss of $6.8 million. For the first half, voyage revenues were $250.8 million with net income of $26.3 million, compared with a loss in 2025.
Fleet performance improved, with fleet-average TCE rates up to $24,273 per day from $13,631, supported by stronger major and minor bulk markets. The company expanded its modern fleet by acquiring three large scrubber-fitted vessels and selling two older Supramax ships, ending the quarter with 43 vessels and expecting a 44th in August 2026. Cash from operations reached $48.9 million in the first half; cash stood at $73.6 million and undrawn availability under the $680 Million Revolver was $350.0 million, for total liquidity of $423.6 million. Debt principal increased to $330.0 million as the revolver was upsized. The board continued its dividend policy, declaring quarterly dividends including a subsequent $0.80 per share announcement after quarter-end, while also incurring $16.9 million of other operating expense tied to a non-routine 2026 annual meeting and proposals to purchase the company’s stock.
Genco Shipping & Trading Limited reported a profitable quarter, with voyage revenues rising to $114.4 million for the three months ended March 31, 2026, up from $71.3 million a year earlier. Net income was $9.6 million versus a prior-year loss of $12.0 million, driven by stronger drybulk markets and a larger fleet.
Total operating expenses increased to $101.1 million, reflecting higher voyage, charter hire, and depreciation costs, partly offset by a $2.1 million net gain on a vessel sale. Time charter equivalent rates improved sharply, lifting EBITDA to $34.2 million. The company continued its fleet renewal and expansion while maintaining liquidity of about $404.8 million, including $54.8 million of cash.
Genco Shipping & Trading (GNK) filed its Q3 2025 10‑Q, reporting voyage revenues of $79.9 million versus $99.3 million a year ago and a net loss of $1.1 million compared to net income of $21.6 million. Operating income was $2.5 million, reflecting softer rates, higher depreciation, and refinancing costs.
For the first nine months, voyage revenues were $232.1 million versus $323.8 million last year, with a net loss of $19.8 million. Cash and cash equivalents were $89.9 million as of September 30, 2025, and long‑term debt principal was $170.0 million under a newly upsized $600 million revolver, with $430.0 million of availability. The company declared a $0.15 per share dividend in the quarter.
GNK ended the quarter with 42 drybulk vessels (about 4.446 million dwt, average age ~12.8 years). Post‑quarter, it took delivery of the Genco Courageous, a 2020‑built Capesize acquired for $63.6 million, financed with draws on its revolving facilities. Shares outstanding were 43,243,165 as of November 5, 2025.