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AI brief of an SEC Form 8-K · GENCO SHIPPING & TRADING LTD (GNK)

Genco reports Q2 2026 net income of $16.6 million and $0.80 dividend

Positive Impact 4 of 5 earnings Written later

Genco Shipping & Trading reported second-quarter 2026 net income of $16.6 million, or $0.38 per basic share, compared with a net loss of $6.8 million a year earlier. It also declared a $0.80 per share dividend for the quarter and projected a Q3 2026 dividend of greater than $1 per share, which would benefit shareholders if it is paid.

Key points

  • Q2 2026 revenues rose to $136.4 million from $80.9 million in Q2 2025
  • Net income of $16.6 million ($0.38 basic EPS, $0.37 diluted) versus a net loss of $6.8 million in Q2 2025
  • Adjusted EBITDA of $56.7 million versus $14.3 million in Q2 2025
  • $0.80 dividend payable on or about August 24, 2026 to holders of record as of August 17, 2026; Q3 2026 projected dividend greater than $1 per share

The filing

CompanyGENCO SHIPPING & TRADING LTD (GNK)
Form8-K, current report
Filed with the SECAug 5, 2026, 5:01 PM ET
Accession number0001140361-26-031442

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 05, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.