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Operating Days for Fleet
Counts days the fleet was actively earning revenue at sea or under voyage, excluding off-hire periods. This directly drives revenue — fewer operating days mean lower income even if rates are stable.Operating days dipped through 2024–mid‑2025 but have rebounded sharply into early 2026 after recent deliveries and redeployments; coupled with management’s reported record utilization, this increase amplifies Genco’s operating leverage and underpins the much-larger dividend guidance. Investors should note the upside is sensitive to forward freight curves and near-term financing choices (revolver use for acquisitions) and could be offset by aging‑fleet drydocking costs and market volatility if rates reverse.
Date | Operating Days for Fleet |
|---|---|
Jun 30, 2026 | 3.80K |
Mar 31, 2026 | 4.10K |
Dec 31, 2025 | 3.90K |
Sep 30, 2025 | 3.43K |
Jun 30, 2025 | 3.59K |
Mar 31, 2025 | 3.75K |
Dec 31, 2024 | 3.75K |
Sep 30, 2024 | 3.67K |
Jun 30, 2024 | 3.83K |
Mar 31, 2024 | 4.12K |