Short answer
GENCO SHIPPING & TRADING LTD (GNK) filed its Q2 2026 10-Q quarterly report on Aug 5, 2026 for the quarter ended Jun 30, 2026. Quarterly revenue was $136M (up 68.5% year over year) with net income of $17M.
Q2 2026 key financials · XBRL
- Revenue
- $136M
- +68.5% YoY · +19.2% QoQ
- Net income
- $17M
- +344.8% YoY · +78.8% QoQ
- Operating margin
- 15.9%
- EPS (diluted)
- $0.37
- +346.7% YoY · +76.2% QoQ
Source: XBRL data from the GENCO SHIPPING & TRADING LTD (GNK) Q2 2026 10-Q on SEC EDGAR. USD.
GENCO SHIPPING & TRADING LTD Q2 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Q2 2026 fleet-average TCE $24,273, up 78.1% YoY from $13,631
- Best segment major bulk TCE $33,784, up 98.5% YoY from $17,019
- Worst segment minor bulk TCE $17,031, up 45.2% YoY from $11,727
- Fleet-average operating expenses $6,757 per day, up 8.8% YoY from $6,213
- Cash $73.6M plus undrawn revolver availability $350.0M, total liquidity $423.6M
Risk Factors
- Corporate governance risk updated after proxy contest ended at 2026 Annual Meeting
- Acquisition risk from stockholder’s continuing non-binding indicative offer after tender offer expiration
- Legal and advisory costs from ongoing stockholder actions requiring significant management and Board attention
- Market risk from potential increased volatility in common-stock price
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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