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

• 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.