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Genco Shipping & Trading GNK Major Bulk — Voyage Expenses

Other segment segments

Minor Bulk
$17.82M+15.9%

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$70.92M+19.5%

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 gnk:VoyageExpenses.

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
Revenues from external customers:
Voyage revenues$81,75654,658$136,414
Less:
Voyage expenses26,26917,81644,085
Charter hire expenses385385
Other income(47)(304)(351)
Net voyage revenue (1)55,53436,76192,295
Less:

Item 1. Financial Statements (unaudited)

FAQ

What is Genco Shipping & Trading's major bulk — voyage expenses?
Genco Shipping & Trading (GNK) reported major bulk — voyage expenses of $26.27M in Q2 2026.
How has Genco Shipping & Trading's major bulk — voyage expenses changed year-over-year?
Genco Shipping & Trading's major bulk — voyage expenses increased by 58.0% year-over-year, from $16.63M to $26.27M.
What is the long-term trend for Genco Shipping & Trading's major bulk — voyage expenses?
Over 3 years (2022 to 2025), Genco Shipping & Trading's major bulk — voyage expenses has grown at a -4.7% compound annual growth rate (CAGR), from $69.17M to $59.93M.
What does major bulk — voyage expenses mean?
Represents the direct costs associated with operating vessels on specific voyages, including port charges, canal tolls, and bunker fuel consumption. This metric is essential for evaluating the variable cost structure of the shipping segment and the efficiency of voyage execution.

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