Genco Shipping & Trading Limited Announces Q2 2026 Financial Results
Declares Dividend of $0.80 per Share for Q2 2026, a Record Value Strategy Dividend Projects Another Record Dividend in Q3 2026 NEW YORK, Aug. 05, 2026 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) (“Genco” or the “Company”), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today reported its financial results for the three months and six months ended June 30, 2026. Second Quarter 2026 and Year-to-Date Highlights Dividend Declared a $0.80 per share dividend for Q2 2026, 433% higher than Q2 2025 Record dividend under our Comprehensive Value Strategy 28th consecutive quarterly dividend Cumulative dividends of $8.715 per share or approximately 34% of our current share price1 Q2 2026 dividend is payable on or about August 24, 2026 to all shareholders of record as of August 17, 2026 Q3 2026 projected dividend of greater than $1 per share based on current fixtures and assuming the current FFA curve2 Q2 2026 financial results Net income of $16.6 million, or basic and diluted earnings per share of $0.38 and $0.37, respectively Adjusted net income of $29.2 million or basic and diluted earnings per share of $0.67 and $0.65, respectively3 Adjusted EBITDA3: $56.7 million, an increase of 297% YOY Voyage revenues: $136.4 million Net revenue3: $92.3 million Average daily fleet-wide TCE3: $24,273 per day Estimated Q3 2026 TCE to date $28,587 for 66% of our owned fleet available days3 John C.
GNK - Genco Shipping & Trading Limited
