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Genco Shipping (GNK)
NYSE:GNK
Earnings Data
Report Date
Jul 30, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-0.09Last Year’s EPS
0.46Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 07, 2025
|% Change Since: 5.65%
|Next Earnings Date:Jul 30, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong financial management, commitment to shareholder returns through dividends and share repurchases, and optimistic market outlooks. However, it also acknowledged the challenges of a net loss and market volatility due to seasonal and geopolitical factors.Company Guidance
In the first quarter of 2025, Genco Shipping & Trading Limited declared a $0.15 per share dividend, marking 23 consecutive quarters of dividends, which accounts for 50% of their current share price. Despite a voluntary reserve of $19.5 million that would have precluded a dividend, the company reduced the reserve to $1.1 million to maintain the dividend. Genco also introduced a $50 million share repurchase program to address market volatility, emphasizing that it is incremental to their dividend policy. The company highlighted an industry-low net loan-to-value ratio of 6%, a low cash flow breakeven rate, and $320 million in undrawn revolver availability. Genco reported a net loss of $11.9 million for Q1, with an EBITDA of $7.9 million, and has reduced its debt by 80% since the inception of its value strategy. Looking ahead, Genco remains focused on dividends, deleveraging, and growth opportunities while maintaining financial flexibility to capitalize on market developments.Commitment to Shareholders
Genco Shipping declared a $0.15 per share dividend for Q1 2025, marking 23 consecutive quarters of dividends, and announced a $50 million share repurchase program.
Strong Financial Position
The company maintains a low net loan-to-value ratio of 6%, low cash flow breakeven rate, and over $320 million in undrawn revolver availability.
Freight Rate Improvements
Capesize rates rose from under $6,000 a day to nearly $24,000 a day in March, showcasing the significant operating leverage.
Debt Reduction
Since the inception of the value strategy, Genco has paid down nearly $360 million in debt, resulting in a net loan-to-value of 6%.
Positive Market Outlook
Long-haul iron ore and bauxite trade growth expected to absorb over 200 Capesize vessels by 2026 and 2027, with a low Capesize newbuilding order book.
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GNK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GNK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2025 | $13.46 | $13.51 | +0.37% |
Feb 19, 2025 | $14.30 | $14.39 | +0.63% |
Nov 06, 2024 | $16.03 | $16.78 | +4.68% |
Aug 07, 2024 | $16.74 | $16.33 | -2.45% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Genco Shipping (GNK) report earnings?
Genco Shipping (GNK) is schdueled to report earning on Jul 30, 2025, TBA Not Confirmed.
What is Genco Shipping (GNK) earnings time?
Genco Shipping (GNK) earnings time is at Jul 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GNK EPS forecast?
GNK EPS forecast for the fiscal quarter 2025 (Q2) is -0.09.
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