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Genco Shipping & Trading GNK Cargo And Freight — Lease Income

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Other financials

Income statement

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Revenue$136.4M+68.5%
Operating income$21.8M+610%
Net income$16.6M+345%
EPS (diluted)$0.37+331%

Balance sheet

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Cash & equivalents$73.6M+108%
Total debt$325.2M+229%
Total equity$888.6M-0.3%
Total assets$1.3B+21.3%

Cash flow

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Operating cash flow$33.2M+516%
CapEx$714.0K-33.5%
Free cash flow$32.5M+652%

Valuation

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Market cap$1.1B+59.0%
Enterprise value$1.36B+78.9%
P/E61×
P/S2.5×+0.5×

Profitability

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Operating margin12.8%+5.8pp
Net margin-2.1%
FCF margin15.9%-4.2pp

Returns & leverage

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Return on equity-0.8%
Debt / equity0.4×+0.3×
Current ratio+1.3×

Where this comes from

Reported directly by Genco Shipping & Trading in its filing.

Tagged under the XBRL concept us-gaap:LeaseIncome.

The source filing: Genco Shipping & Trading’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 5:04 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001104659-26-091231
Line itemFor the Three Months Ended / June 30, 2026For the Three Months Ended / June 30, 2025For the Six Months Ended / June 30, 2026For the Six Months Ended / June 30, 2025
Lease revenue$39,062$29,664$72,911$62,000
Spot market voyage revenue97,35251,275177,93290,208
Total voyage revenues$136,414$80,939$250,843$152,208

Item 1. Financial Statements (unaudited)

FAQ

What is Genco Shipping & Trading's cargo and freight — lease income?
Genco Shipping & Trading (GNK) reported cargo and freight — lease income of $39.06M in Q2 2026.
How has Genco Shipping & Trading's cargo and freight — lease income changed year-over-year?
Genco Shipping & Trading's cargo and freight — lease income increased by 31.7% year-over-year, from $29.66M to $39.06M.
What is the long-term trend for Genco Shipping & Trading's cargo and freight — lease income?
Over 3 years (2022 to 2025), Genco Shipping & Trading's cargo and freight — lease income has grown at a -14.9% compound annual growth rate (CAGR), from $229.79M to $141.62M.
What does cargo and freight — lease income mean?
This metric captures the revenue specifically attributable to the leasing of drybulk carrier vessels to third-party charterers. It reflects the income generated through contractual time charter arrangements where the company provides vessel capacity for a fixed period. Monitoring this income stream helps assess the stability and predictability of cash flows derived from long-term vessel employment versus spot market volatility.

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