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Sep 30, 2025
Genco Q3 2025 Earnings Report
Genco Q3 2025 Earnings Report
Key Takeaways
Genco Shipping & Trading reported third quarter 2025 results with net revenue of $55,000,000 and a net loss driven by challenging drybulk market conditions despite positive adjusted EBITDA. Average TCE improved sequentially and liquidity remained strong, while the firm maintained its dividend policy. :contentReference[oaicite:1]{index=1}
Net revenue of $55,000,000 in Q3 2025 reflecting drybulk market headwinds. :contentReference[oaicite:2]{index=2}
Net loss of $1,100,000 with basic and diluted EPS of -0.02 per share. :contentReference[oaicite:3]{index=3}
Adjusted EBITDA for the quarter was $21,700,000. :contentReference[oaicite:4]{index=4}
Average fleet-wide TCE was $15,959 per day in the quarter. :contentReference[oaicite:5]{index=5}
Forward Guidance
Genco anticipates improved drybulk market fundamentals and higher TCE rates into Q4 2025 with an estimated TCE above $20,000 per day for a significant portion of the fleet, while continuing its strategic focus on dividends, liquidity strength, and fleet modernization. :contentReference[oaicite:8]{index=8}
Positive Outlook
- Estimated Q4 TCE of $20,101/day for 72% of available days. :contentReference[oaicite:9]{index=9}
- Strong liquidity position with approximately $520M total available. :contentReference[oaicite:10]{index=10}
- 25th consecutive quarter with a declared dividend of $0.15 per share. :contentReference[oaicite:11]{index=11}
- Adjusted EBITDA remained positive at $21.7M. :contentReference[oaicite:12]{index=12}
- Strategic investment in modern Capesize vessels expands future earnings potential. :contentReference[oaicite:13]{index=13}
Challenges Ahead
- Net loss of $1.1M in Q3 2025. :contentReference[oaicite:14]{index=14}
- TCE and revenue declined year-over-year. :contentReference[oaicite:15]{index=15}
Historical Earnings Impact
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Avg. Return Before/After Earnings
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