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Genco Shipping & Trading GNK Major Bulk — Direct Operating Costs

Other segment segments

Minor Bulk
$14.74M+5.8%

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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:DirectOperatingCosts.

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 itemMajor / BulkMinor / BulkTotal
Other income(47)(304)(351)
Net voyage revenue (1)55,53436,76192,295
Less:
Vessel operating expenses11,79214,74326,535
Segment profit$43,742$22,018$65,760
Reconciliation to net income:
General and administrative expenses7,903
Technical management expenses1,079

Item 1. Financial Statements (unaudited)

FAQ

What is Genco Shipping & Trading's major bulk — direct operating costs?
Genco Shipping & Trading (GNK) reported major bulk — direct operating costs of $11.79M in Q2 2026.
How has Genco Shipping & Trading's major bulk — direct operating costs changed year-over-year?
Genco Shipping & Trading's major bulk — direct operating costs increased by 20.2% year-over-year, from $9.81M to $11.79M.
What is the long-term trend for Genco Shipping & Trading's major bulk — direct operating costs?
Over 3 years (2022 to 2025), Genco Shipping & Trading's major bulk — direct operating costs has grown at a 2.1% compound annual growth rate (CAGR), from $37.38M to $39.8M.
What does major bulk — direct operating costs mean?
Includes fixed costs required to maintain and operate the fleet, such as crew wages, insurance, repairs, maintenance, and spare parts. Tracking these costs is critical for assessing the operational efficiency and cost-management discipline of the vessel management team.

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