NYSE$GNK
Genco Shipping & Trading Limited · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
Genco Shipping & Trading Limited announced its Q4 2024 financial results, reporting a dividend of $0.30 per share, net income of $12.7 million, and an average daily fleet-wide TCE of $18,007.
Genco Shipping & Trading Limited reported strong financial results for Q4 2024, with net income of $12.7 million and an average daily fleet-wide TCE of $18,007, driven by a robust drybulk market and effective commercial operations. The company also declared a $0.30 per share dividend, marking its 22nd consecutive quarterly dividend.
- Declared a $0.30 per share dividend for Q4 2024, representing the 22nd consecutive quarterly dividend.
- Acquired the Genco Intrepid, a high-specification 2016-built 180,000 dwt Capesize vessel, in October 2024.
- Achieved net income of $12.7 million for Q4 2024, with basic and diluted earnings per share of $0.29.
- Reported an average daily fleet-wide TCE of $18,007 for Q4 2024, demonstrating strong operational performance.
Headline financials
Revenue & EPS history
Genco · Revenue · Quarterly
$99.2M
Forward guidance
Genco anticipates continued strong performance in Q1 2025, with an estimated fleet-wide TCE of $12,366 for 75% of owned fleet available days, despite expected seasonal downward volatility in freight rates. The company plans to maintain its dividend policy and continue debt reduction while pursuing accretive growth opportunities.
Tailwinds
- Estimated Q1 2025 TCE of $12,366 for 75% of owned fleet available days, indicating continued strong bookings.
- Low financial leverage and cash flow breakeven rate provide flexibility to capitalize on attractive opportunities.
- Commitment to paying sizeable quarterly dividends across market cycles.
- Strong liquidity position of $381.3 million at December 31, 2024, including $337.3 million of revolver availability.
- Continued focus on renewing and growing the asset base through accretive vessel acquisitions.
Headwinds
- Freight rates have experienced downward volatility in 2025 to date due to seasonal factors.
- Estimated Q1 2025 operating expenses are subject to change.
- Actual Q1 2025 TCE results may vary from current estimates based on future fixtures and duration of voyages.
- Anticipated drydocking and capital expenditures for Q1 2025 will impact cash flow.
- The voluntary quarterly reserve for Q1 2025 is expected to be $19.50 million, which can be adjusted at the Board's discretion, potentially impacting dividends.
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 2024
-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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