Genco Shipping Q2 net income returns to profit at $16.65 million; revenue rises 68.53% YoY to $136.41 million

Reuters2026/08/05 21:52

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Genco Shipping posted Q2 2026 net income of USD 16.6 million, swinging from a loss a year earlier; diluted EPS was USD 0.37.
Adjusted net income rose to USD 29.2 million, while adjusted EBITDA climbed to USD 56.7 million.
Fleet-wide TCE increased 78% year over year to USD 24,273 per day, with utilization at 98.6%.
Declared a Q2 dividend of USD 0.80 a share, up 433% year over year, marking its 28th consecutive quarterly payout.
For Q3 2026, estimated TCE was USD 28,587 for 66% of available days fixed; a 2019-built Capesize is due for August delivery.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Genco Shipping Trading Limited published the original content used to generate this news brief on August 05, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

Genco Shipping Q2 net income returns to profit at $16.65 million; revenue rises 68.53% YoY to $136.41 million

You may also like

Crypto prices