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Genco Shipping & Trading Limited — Q3 2026 Earnings Summary

Genco Shipping & Trading Limited reported a net income of $38.0 million for the third quarter of 2026, representing earnings per share of $0.87 on a basic basis. The company declared a record quarterly dividend of $1.05 per share, a 600% increase compared to the same period in 2025, and projects a dividend exceeding $1 per share for the fourth quarter. Financial highlights for the quarter include voyage revenues of $151.9 million, an adjusted EBITDA of $68.1 million, and an average daily fleet-wide Time Charter Equivalent (TCE) of $27,539. The company maintains a low net loan-to-value ratio of 18% and a strong liquidity position of $394.6 million as of September 30, 2026.

Company
GENCO SHIPPING & TRADING LTD
Sector
Industrials
Industry
Marine Shipping