Genco (GNK) Q2 Revenue Drops 24%

Genco Shipping & Trading (NYSE:GNK), a major player in global drybulk shipping, released its results for Q2 2025 on August 6, 2025, highlighting a period of lower earnings amid continued market weakness. The company posted an adjusted net loss per share of $(0.14) (non-GAAP) for Q2 2025, which was slightly below analyst expectations, while Voyage revenue (GAAP) was $80.9 million, while non-GAAP revenue was $46.9 million compared to the $48.52 million expected. Earnings and cash flow fell sharply from the strong levels seen in Q2 2024, reflecting both rate declines and a slightly smaller fleet. Despite these challenges, Genco continued its capital return program by maintaining its longstanding quarterly dividend. The quarter demonstrated disciplined cost control and capital allocation, although the financial results underscored how much drybulk spot rates have pressured performance recently. Source: Analyst estimates provided by FactSet. Management expectations based on management's guidance, as provided in Q1 2025 earnings report. Genco Shipping & Trading operates a fleet of 42 drybulk vessels that transport commodities such as coal, iron ore, grain, and other bulk materials worldwide. Its modern fleet consists of 16 Capesize, 15 Ultramax, and 11 Supramax ships, maintained at an average age of about 12.7 years. The company’s operational approach centers on regular modernization, technical improvements, and proactive fleet management to meet evolving regulatory and market demands.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool