Reports Q4 revenue $109.9M, consensus $76.37M. Average daily fleet-wide TCE was $20,064 per day, representing the highest levels since Q3 2022. “The deliberate steps we have executed upon to enhance our premium earning asset base, combined with our spot-focused commercial strategy, and one of the industry’s lowest cash flow breakeven levels, puts us in an ideal position to capitalize on a strengthening drybulk market,” said CEO John Wobensmith.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GNK:
- GNK Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Genco Shipping Adopts Employee Retention and Severance Plan
- Genco Shipping will review proposed nominees by Diana Shipping
- Diana Shipping nominates six director candidates for Genco board
- Genco Shipping rejects non-binding indicative proposal from Diana Shipping