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Sep 30, 2024
Genco Q3 2024 Earnings Report
Reported financial results with net income of $21.5 million and declared a dividend of $0.40 per share.
Key Takeaways
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.
Declared a dividend of $0.40 per share for Q3 2024, representing the 21st consecutive quarterly dividend.
Acquired the Genco Intrepid, a high specification 2016-built Capesize vessel.
Reported net income of $21.5 million for Q3 2024, or basic and diluted earnings per share of $0.50 and $0.49, respectively.
Average daily fleet-wide TCE was $19,260 for Q3 2024.
Forward Guidance
Estimated TCE to date for Q4 2024 is $18,786 for 65% of the owned fleet available days.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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