GNK Stock Recent News

Genco Shipping boasts a nearly net cash balance sheet, disciplined fleet management, and a strong, formula-driven dividend policy with opportunistic buybacks. Drybulk market fundamentals are favorable, with rising rates, balanced supply, and promising demand from new iron ore and bauxite projects, supporting higher future dividends. Despite a likely Q2 loss, I expect dividends to remain steady and to increase in Q3 as rates improve and earnings rebound.

Genco Shipping (GNK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

NEW YORK, July 21, 2025 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE: GNK) announced today that it will hold a conference call to discuss the Company's results for the second quarter of 2025 on Thursday, August 7, 2025 at 8:30 a.m. Eastern Time. The conference call will also be broadcast live over the Internet and include a slide presentation. The Company will issue financial results for the second quarter ended June 30, 2025 on Wednesday, August 6, 2025 after the close of market trading.

Further Enhances Financial Flexibility to Capitalize on Compelling Growth Opportunities Further Enhances Financial Flexibility to Capitalize on Compelling Growth Opportunities

Genco Shipping & Trading faces challenges due to lower fleet utilization of larger vessels and rising operational costs, impacting profitability and cash flow volatility. The strong performance in FY2024 driven by Chinese demand and Suez Canal inefficiencies is unlikely to be sustained in FY2025, leading to potential revenue declines. Global trade uncertainties, tariffs, and rising fuel prices pose significant headwinds, making the shipping industry's outlook bleak and impacting Genco's financial stability.

GNK's new $50M share repurchase program highlights the management's confidence surrounding its future profitability, despite the normalizing TCE rates. Much of its tailwinds may be attributed to the longer ton-miles arising from the rerouted soybean trade, along with the low new order book and Red Sea diversion. With GNK already reporting a much healthier balance sheet and a relatively low break even rate, we are likely to see richer bottom-lines and variable dividend payouts from Q2'25 onwards.

Genco Shipping & Trading Limited (NYSE:GNK ) Q1 2025 Earnings Conference Call May 8, 2025 8:30 AM ET Company Participants Peter Allen - Chief Financial Officer John Wobensmith - Chief Executive Officer Michael Orr - Vice President of Finance Conference Call Participants Omar Nokta - Jefferies Liam Burke - B. Riley Securities, Inc. Poe Fratt - Alliance Global Partners Operator Good morning, ladies and gentlemen, and welcome to the Genco Shipping & Trading Limited First Quarter 2025 Earnings Conference Call and Presentation.

Genco Shipping & Trading (GNK) came out with a quarterly loss of $0.28 per share versus the Zacks Consensus Estimate of a loss of $0.26. This compares to earnings of $0.49 per share a year ago.

Declares Dividend of $0.15 per share for Q1 2025 Represents Genco's 23ʳᵈ  Consecutive Quarterly Dividend

Genco Shipping (GNK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.