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Genco Shipping & Trading Limited

Genco Shipping & Trading Limited

NYSE•GNK
CEO: Mr. John C. Wobensmith C.F.A.
Sector: Industrials
Industry: Marine Shipping
Listing Date: 2014-07-15
Genco Shipping & Trading Limited, together with its subsidiaries, engages in the ocean transportation of drybulk cargoes worldwide. The company owns and operates dry bulk vessels to transports iron ore, grains, coal, steel products, and other drybulk cargoes. It charters its vessels primarily to trading houses, including commodities traders; producers; and government-owned entities. The company was incorporated in 2004 and is headquartered in New York, New York.
Contact Information
299 Park Avenue, 12th Floor, New York, NY, 10171, United States
646-443-8550
www.gencoshipping.com
Market Cap
$812.54M
P/E (TTM)
52.9
11.5
Dividend Yield
4.0%
52W High
$19.60
52W Low
$11.20
52W Range
90%
Rank67Top 91.5%
1.8
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 1.8 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$79.92M-19.54%
4-Quarter Trend

EPS

-$0.02-104.00%
4-Quarter Trend

FCF

-$3.41M-110.60%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Cash Position Significantly Increased Cash and equivalents reached $90.0M as of September 30, 2025, more than doubling from $43.7M at year-end 2024.
Fleet Modernization Completed Acquired one 2020-built Capesize vessel, Genco Courageous, utilizing new $600 Million Revolver capacity.
Debt Facility Extended Refinanced $500 Million Revolver into a $600 Million Revolver, extending maturity date to July 2030.
Dividend Policy Continued Announced regular quarterly dividend of $0.15 per share for the third quarter of 2025, totaling $7.065 per share since 2021.

Risk Factors

Voyage Revenues Declined Sharply Nine-month voyage revenues fell 28.3% to $232.1M due to lower Time Charter Equivalent rates across the fleet.
Significant Net Loss Recorded Attributable net loss reached $(19.8M) for nine months 2025, a major reversal from $63.7M net income in 2024.
Geopolitical Risks Threaten Operations War in Ukraine and Red Sea conflicts create unpredictable impacts on operating costs and cash flow stability.
Collateral Covenant Risk Vessel value declines from geopolitical factors may cause breaches in the 135% collateral maintenance covenant.

Outlook

Value Strategy Focus Maintained Capital allocation focuses on compelling quarterly dividends, maintaining low leverage, and pursuing accretive fleet growth opportunities.
IMO Compliance Expenditures Planned Estimated $5.1M drydocking costs and $0.1M efficiency upgrades planned for Q4 2025 to meet IMO 2023 rules.
Debt Management Strategy Plan to actively manage debt, intending voluntary paydowns, as no mandatory debt repayments are due until 2030.
Shareholder Rights Plan Adopted Short-term stockholder rights plan adopted October 1, 2025, expiring September 2026, to deter coercive control changes.

Peer Comparison

Revenue (TTM)

Matthews International CorporationMATW
$1.50B
-16.6%
Kimball Electronics, Inc.KE
$1.48B
-10.5%
SFL Corporation Ltd.SFL
$774.01M
-12.3%

Gross Margin (Latest Quarter)

Nordic American Tankers LimitedNAT
63.8%
+21.4pp
Genco Shipping & Trading LimitedGNK
57.9%
+29.7pp
Safe Bulkers, Inc.SB
39.4%
-5.0pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
SFL$1.04B30.23.2%71.3%
MATW$827.18M-34.1-5.4%42.0%
GNK$812.54M52.91.7%9.5%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-7.0%
Growth Under Pressure
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Feb 18, 2026
|
EPS:$0.38
|
Revenue:-
Reports
All Years

  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 5, 2025|
    Revenue: $79.92M-19.5%
    |
    EPS: $-0.02-104.0%
    Miss

  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 6, 2025|
    Revenue: $80.94M-24.4%
    |
    EPS: $-0.16-129.6%
    Miss

  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 7, 2025|
    Revenue: $71.27M-39.3%
    |
    EPS: $-0.28-163.6%
    Beat

  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 21, 2025|
    Revenue: $423.02M+10.2%
    |
    EPS: $1.77+690.0%
    Beat

  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 6, 2024|
    Revenue: $99.33M+19.2%
    |
    EPS: $0.50-166.7%
    Beat

  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 7, 2024|
    Revenue: $107.05M+18.2%
    |
    EPS: $0.54+100.0%
    Beat

  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 8, 2024|
    Revenue: $117.44M+24.4%
    |
    EPS: $0.44+612.0%
    Miss

  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 27, 2024|
    Revenue: $383.83M-28.5%
    |
    EPS: $-0.30-108.0%
    Miss