Genco Shipping & Trading Limited reported a net loss of $11.9 million for the first quarter of 2025, or $0.28 basic and diluted net loss per share. This compares to a net income of $18.8 million in the same period last year. Revenues decreased to $71.3 million from $117.4 million in Q1 2024, primarily due to lower rates and a smaller fleet. The company declared a dividend of $0.15 per share for Q1 2025 and announced a new $50 million share repurchase program.

Genco Shipping & Trading Limited reported strong financial results for Q4 2024, with net income of $12.7 million and an average daily fleet-wide TCE of $18,007, driven by a robust drybulk market and effective commercial operations. The company also declared a $0.30 per share dividend, marking its 22nd consecutive quarterly dividend.

Genco Shipping & Trading Limited reported a net income of $21.5 million for Q3 2024, with basic earnings per share of $0.50. The company declared a dividend of $0.40 per share. They also acquired the Genco Intrepid and enhanced their dividend policy.

Genco Shipping & Trading Limited announced its Q2 2024 financial results, reporting a net income of $23.5 million and declaring a dividend of $0.34 per share. The company's performance was driven by its drybulk fleet and commercial platform, with a focus on returning capital to shareholders and fleet renewal.

Genco Shipping & Trading Limited reported a net income of $18.8 million for Q1 2024, with basic earnings per share of $0.44. The company declared a dividend of $0.42 per share for Q1 2024, marking their 19th consecutive quarterly dividend. Voyage revenues totaled $117.4 million, and the average daily fleet-wide TCE was $19,219. The company also paid down $30.0 million of debt in Q1 2024 and an additional $55.0 million of debt in Q2 2024 to date.

Genco Shipping & Trading Limited reported a net income of $4.9 million for Q4 2023, which included a non-cash vessel impairment charge of $13.6 million. Adjusted net income was $18.6 million, excluding the impairment charge. The company declared a dividend of $0.41 per share for Q4 2023.

Genco Shipping & Trading Limited reported a net loss of $32.0 million for Q3 2023, which included a non-cash vessel impairment charge of $28.1 million. However, the company declared a dividend of $0.15 per share and progressed its value strategy by agreeing to acquire a scrubber-fitted Capesize vessel and securing commitments for a $500 million revolving credit facility.

Genco Shipping & Trading Limited reported a net income of $11.6 million, or $0.27 per share, for Q2 2023. Revenue decreased to $90.6 million due to lower rates. The company declared a dividend of $0.15 per share and voluntarily paid down debt of $8.75 million.

Genco Shipping & Trading Limited reported a net income of $2.6 million for Q1 2023, with basic and diluted earnings per share of $0.06. The company declared a dividend of $0.15 per share for the quarter. Voyage revenues totaled $94.4 million, and net revenue was $53.4 million. The average daily fleet-wide time charter equivalent (TCE) was $13,947.

Genco Shipping & Trading Limited announced Q4 2022 financial results, reporting a net income of $28.7 million and declaring a dividend of $0.50 per share. The company prepaid $8.75 million of debt and increased its liquidity position to $277.0 million.

Genco Shipping & Trading Limited announced its Q3 2022 financial results, reporting a net income of $40.8 million and declared a dividend of $0.78 per share, a 56% increase from Q2 2022. The company's TCE exceeded $20,000 per day for the sixth consecutive quarter, and it prepaid $8.75 million of debt, reducing the total debt to $179.8 million.

Genco Shipping & Trading Limited announced its second quarter financial results, reporting a net income of $47.4 million. The company declared a dividend of $0.50 per share for the second quarter and prepaid $8.75 million of debt. Genco's TCE for Q2 2022 was $28,756, a 36% increase year over year.

Genco Shipping & Trading Limited reported a net income of $41.7 million for Q1 2022, with voyage revenues totaling $136.2 million. The company declared a dividend of $0.79 per share and prepaid $48.75 million of debt.

Genco Shipping & Trading Limited reported a net income of $90.9 million for Q4 2021, with earnings per share of $2.16 and declared a dividend of $0.67 per share. The company's voyage revenues reached $183.3 million, and the average daily TCE was $35,200, marking the highest quarterly TCE since 2008. Genco also focused on deleveraging and fleet growth through strategic acquisitions.

Genco Shipping & Trading Limited reported a net income of $57.1 million for the third quarter of 2021, with earnings per share of $1.36 and increased its regular quarterly cash dividend to $0.15 per share. The company's average daily TCE was $29,287, marking the highest quarterly TCE since 2010.

Genco Shipping & Trading Limited reported a net income of $32.0 million for the second quarter of 2021, with basic and diluted earnings per share of $0.76 and $0.75, respectively. Voyage revenues totaled $121.0 million, and the company's average daily fleet-wide time charter equivalent (TCE) was $21,137, marking the highest quarterly TCE since Q4 2010.

Genco Shipping & Trading Limited reported a net income of $2.0 million for Q1 2021, with basic and diluted earnings per share of $0.05. The company also announced a new comprehensive value strategy focused on low financial leverage, quarterly dividends, and fleet growth. They have already reduced debt by $48.2 million and agreed to acquire a fuel-efficient Ultramax vessel.

Genco Shipping & Trading Limited reported a net loss of $65.9 million for Q4 2020, which includes non-cash vessel impairment charges of $74.2 million and a loss on sale of vessels of $1.0 million. The company's TCE was $13,167 for Q4 2020, the highest quarterly TCE in two years. Genco completed the acquisition of three Ultramax vessels and completed vessel sales as part of its fleet renewal program and declared a dividend of $0.02 per share.

Genco Shipping & Trading Limited reported a net loss of $21.1 million for Q3 2020, but experienced a 71% increase in TCE relative to the prior quarter due to a strengthening drybulk freight rate environment. The company capitalized on the spot market and saw improved TCE to date, particularly in Capesize bookings. Genco declared a regular quarterly cash dividend of $0.02 per share and maintains a strong financial position with $160.8 million in cash.

Genco Shipping & Trading Limited reported a net loss of $18.2 million for the second quarter of 2020. Despite the loss, the company declared a regular quarterly cash dividend of $0.02 per share and highlighted its strong financial position with $142.9 million in cash.

Genco Shipping & Trading Limited reported a net loss of $120.4 million for Q1 2020, with voyage revenues totaling $98.3 million and an average daily TCE of $9,755. The company is focused on crew safety amid COVID-19 and maintains a strong financial position with $149.5 million in cash.

Genco Shipping & Trading Limited announced Q4 2019 financial results, reporting a net income of $0.9 million, or $0.02 per share. The company completed its scrubber installation program for 17 Capesize vessels and declared a regular quarterly cash dividend of $0.175 per share.