Short answer
GENCO SHIPPING & TRADING LTD (GNK) filed its Q1 2026 10-Q quarterly report on May 6, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $114M (up 60.6% year over year) with net income of $9M.
Q1 2026 key financials · XBRL
- Revenue
- $114M
- +60.6% YoY
- Net income
- $9M
- +178.1% YoY
- Operating margin
- 11.6%
- EPS (diluted)
- $0.21
- +175.0% YoY
Source: XBRL data from the GENCO SHIPPING & TRADING LTD (GNK) Q1 2026 10-Q on SEC EDGAR. USD.
GENCO SHIPPING & TRADING LTD Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $114.4M, up 60.6% YoY from $71.3M
- Operating margin 11.6% vs negative 13.7% YoY
- Major bulk strongest segment, TCE $26,360 vs $13,059 YoY
- Minor bulk TCE $14,670 vs $11,158 YoY
- Cash $54.8M and total liquidity $404.8M at March 31, 2026; debt reduced $119.2M cumulatively since 2021
Risk Factors
- New geopolitical risk: February 2026 U.S.-Israeli military operations against Iran effectively closed the Strait of Hormuz
- Most material update: Conflict sharply increased oil prices and may constrain vessel-fuel supplies
- Regulatory risk: Potential further sanctions, blockades, and embargoes could disrupt regional shipping
- Operational risk: Regional vessels and rerouted cargo flows expected to create fleet inefficiencies
- Market risk: Guinea bauxite-export restrictions could reduce drybulk cargo volumes and freight rates
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
Other GENCO SHIPPING & TRADING LTD quarterly reports
Ask about this quarter
Compare quarters, check guidance or see what insiders and funds did around the report.