The call highlighted Genco Shipping's strong commitment to shareholder returns and strategic fleet expansion, supported by increased financial flexibility through a new credit facility. Despite a net loss in Q2 and challenges such as soft Chinese coal demand and an intensive dry docking schedule, the positive outlook for freight rates and corporate governance were notable positives.

Company Guidance

During the Genco Shipping & Trading Limited Second Quarter 2025 Earnings Conference Call, the company highlighted several key metrics and strategic decisions. They declared a $0.15 per share dividend for Q2, marking 24 consecutive quarters of dividends and a total of $6.915 in dividends per share, representing 41% of their current share price. Despite a voluntary reserve reduction from $19.5 million to $7.9 million, they maintained the dividend, underscoring their commitment to shareholder returns. The company reported a net loss of $6.8 million or $0.16 per share, with an adjusted EBITDA of $14.3 million. Genco also enhanced its financial flexibility by closing a $600 million revolving credit facility, increasing borrowing capacity by 50%. In Q3 2025, they have 70% of owned available days fixed at an approximate rate of $15,900 per day, up from Q2's TCE of $17,000 per day, with a cash flow breakeven rate of about $8,900 per vessel per day. Genco's fleet expansion includes the purchase of a 2020-built Capesize vessel, financed through their enhanced credit facility. The company's net loan-to-value is expected to rise to approximately 13% post-acquisition. With an industry-low net loan-to-value ratio, Genco is positioned advantageously to capitalize on market opportunities.

Commitment to Shareholder Returns

Declared a dividend of $0.15 per share for Q2 2025, extending the track record of 24 consecutive quarters of dividends. Despite a challenging quarter, management reduced the voluntary reserve, highlighting a commitment to shareholder returns.

Expansion of Capesize Fleet

Agreed to purchase a 2020 Imabari built scrubber-fitted Capesize vessel, expanding the fleet in a sector with compelling supply and demand fundamentals. This is the fourth high-specification fuel-efficient Capesize vessel acquired since Q4 2023.

Increased Financial Flexibility

Closed a new $600 million revolving credit facility, increasing borrowing capacity by 50%. This provides significant financial flexibility to pursue growth opportunities and enhance shareholder value.

Improved Freight Rates

Q3 TCE to date is strong with rates fixed at $15,900 per day, a 17% increase from Q2. Capesize rates increased by nearly 25% in Q3, highlighting significant operating leverage.

Strong Corporate Governance

Genco was ranked #1 in the Webber Research ESG scorecard for four consecutive years, demonstrating a commitment to strong corporate governance.

Genco Shipping (GNK) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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GNK Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 05, 2025	2025 (Q3)	0.17 / -	0.42	―	―	―
Aug 06, 2025	2025 (Q2)	-0.14 / -0.14	0.46	-130.43% (-0.60)
May 07, 2025	2025 (Q1)	-0.28 / -0.28	0.49	-157.14% (-0.77)
Feb 19, 2025	2024 (Q4)	0.30 / 0.29	0.43	-32.56% (-0.14)
Nov 06, 2024	2024 (Q3)	0.41 / 0.42	-0.09	566.67% (+0.51)
Aug 07, 2024	2024 (Q2)	0.44 / 0.46	0.27	70.37% (+0.19)
May 08, 2024	2024 (Q1)	0.48 / 0.49	0.06	716.67% (+0.43)
Feb 21, 2024	2023 (Q4)	0.44 / 0.43	0.67	-35.82% (-0.24)
Nov 08, 2023	2023 (Q3)	-0.14 / -0.09	1	-109.00% (-1.09)
Aug 04, 2023	2023 (Q2)	0.24 / 0.27	1.1	-75.45% (-0.83)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

GNK Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 06, 2025	$16.62	$15.97	-3.91%
May 07, 2025	$13.19	$13.24	+0.38%
Feb 19, 2025	$14.01	$14.10	+0.64%
Nov 06, 2024	$15.71	$16.44	+4.65%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Genco Shipping & Trading Ltd (GNK) report earnings?

Genco Shipping & Trading Ltd (GNK) is schdueled to report earning on Nov 05, 2025, After Close (Confirmed).

What is Genco Shipping & Trading Ltd (GNK) earnings time?

Genco Shipping & Trading Ltd (GNK) earnings time is at Nov 05, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is GNK EPS forecast?

GNK EPS forecast for the fiscal quarter 2025 (Q3) is 0.17.

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