NYSE$GNK
Genco Shipping & Trading Limited · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Genco Shipping & Trading Limited reported net income for Q4 2022, and declared a dividend of $0.50 per share.
Genco Shipping & Trading Limited announced Q4 2022 financial results, reporting a net income of $28.7 million and declaring a dividend of $0.50 per share. The company prepaid $8.75 million of debt and increased its liquidity position to $277.0 million.
- Declared a $0.50 per share dividend for Q4 2022.
- Prepaid $8.75 million of debt during Q4 2022, reducing debt to $171.0 million.
- Recorded net income of $28.7 million for Q4 2022.
- Voyage revenues totaled $127.0 million with a TCE of $19,330 during Q4 2022.
Headline financials
Revenue & EPS history
Genco · Revenue · Quarterly
$127M
Forward guidance
Genco remains optimistic on the go-forward outlook based on favorable fundamentals that continue to be in place. Specifically, they currently see a number of compelling catalysts, including the reopening of China together with a historically low orderbook, which bode well for a strengthening market throughout 2023.
Tailwinds
- Genco is in a strong position to capitalize on these market dynamics due to our sizeable fleet.
- Genco has best-in-class commercial platform.
- Genco has a barbell approach to fleet deployment.
- Genco believes this strategy is a key differentiator for Genco and will drive shareholder value over the long-term.
- Genco has created a compelling risk-reward balance positioning the Company to pay a sizeable quarterly dividend across diverse market environments.
Headwinds
- Declines or sustained weakness in demand in the drybulk shipping industry
- Weakness or declines in drybulk shipping rates
- Changes in the supply of or demand for drybulk products, generally or in particular regions
- Increases in costs and expenses including but not limited to: crew wages, insurance, provisions, lube oil, bunkers, repairs, maintenance, general and administrative expenses, and management fee expenses
- The duration and impact of the COVID-19 novel coronavirus epidemic, which may negatively affect general global and regional economic conditions, our ability to charter our vessels at all and the rates at which are able to do so
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2022
-0.6%
Avg return
Earnings day
+0.6%
Avg return
5 days after
+1.3%
Avg return
30 days after
51%
24 / 47 earnings
Positive
+8.8%
Q4 2023
Best reaction
-22.1%
Q1 2016
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.7% | +6.1% | -3.2% | |
| Q4 2025 | +3.6% | +4.8% | -4.2% | |
| Q3 2025 | +1.0% | +3.9% | +15.3% | |
| Q1 2025 | +0.5% | +8.2% | +0.1% | |
| Q4 2024 | +0.6% | -2.9% | -6.7% | |
| Q3 2024 | +7.1% | +8.6% | -8.3% | |
| Q2 2024 | -2.7% | -1.3% | -7.0% | |
| Q1 2024 | +1.2% | +2.3% | -3.1% | |
| Q4 2023 | +8.8% | +8.6% | +14.0% | |
| Q3 2023 | +4.7% | +4.7% | +9.4% | |
| Q2 2023 | -3.8% | -1.4% | -5.2% | |
| Q1 2023 | -8.3% | -1.8% | -4.8% | |
| Q4 2022 | +8.3% | +6.7% | -14.0% | |
| Q3 2022 | +3.1% | +9.6% | -0.3% | |
| Q2 2022 | -8.7% | -9.3% | -27.0% | |
| Q1 2022 | +1.9% | -9.6% | +15.3% | |
| Q4 2021 | +1.7% | +1.7% | +22.0% | |
| Q3 2021 | +2.7% | -0.9% | -7.4% | |
| Q2 2021 | +2.4% | -3.6% | +14.7% | |
| Q1 2021 | -0.5% | +0.4% | -3.3% | |
| Q4 2020 | +6.7% | +3.3% | +6.0% | |
| Q3 2020 | -1.2% | +7.0% | +21.3% | |
| Q2 2020 | +7.9% | +11.9% | -4.1% | |
| Q1 2020 | -7.8% | -7.6% | +31.2% | |
| Q4 2019 | -7.8% | +2.0% | -23.5% | |
| Q3 2019 | +4.4% | +7.0% | -2.0% | |
| Q2 2019 | -3.2% | -8.7% | +14.5% | |
| Q1 2019 | -1.4% | -4.8% | -12.2% | |
| Q4 2018 | +2.6% | -6.4% | -3.5% | |
| Q3 2018 | -6.5% | -8.0% | -26.3% | |
| Q2 2018 | -5.8% | -10.5% | -15.3% | |
| Q1 2018 | +4.5% | +5.6% | +15.5% | |
| Q4 2017 | +0.1% | +4.2% | +3.4% | |
| Q3 2017 | -3.7% | -1.3% | -1.9% | |
| Q2 2017 | +6.2% | +15.5% | +35.2% | |
| Q1 2017 | +4.3% | +0.4% | -6.2% | |
| Q4 2016 | +0.4% | -4.7% | +7.9% | |
| Q3 2016 | -6.3% | -5.3% | +42.6% | |
| Q2 2016 | -11.8% | -12.2% | -26.1% | |
| Q1 2016 | -22.1% | — | — | |
| Q4 2015 | -9.9% | — | — | |
| Q3 2015 | +7.0% | — | — | |
| Q2 2015 | -0.6% | — | — | |
| Q1 2015 | -0.7% | — | — | |
| Q4 2014 | -2.0% | — | — | |
| Q3 2014 | +0.0% | — | — | |
| Q2 2014 | -2.3% | — | — | |
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