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Genco Shipping & Trading GNK Minor Bulk — Charter Hire Expense

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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 gnk:CharterHireExpense.

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
Operating expenses:
Voyage expenses44,08532,00580,36159,359
Vessel operating expenses26,53523,74753,09648,663
Charter hire expenses3852,0356,4814,320
General and administrative expenses (inclusive of nonvested stock amortization expense of $2,245, $1,780, $4,075 and $3,276 respectively)7,9037,39916,01214,893
Technical management expenses1,0791,2311,8392,556
Depreciation and amortization22,36718,13343,40535,797
Impairment of vessel assets1,1986511,726651

Item 1. Financial Statements (unaudited)

FAQ

What is Genco Shipping & Trading's minor bulk — charter hire expense?
Genco Shipping & Trading (GNK) reported minor bulk — charter hire expense of $385K in Q2 2026.
How has Genco Shipping & Trading's minor bulk — charter hire expense changed year-over-year?
Genco Shipping & Trading's minor bulk — charter hire expense decreased by 81.1% year-over-year, from $2.04M to $385K.
What is the long-term trend for Genco Shipping & Trading's minor bulk — charter hire expense?
Over 3 years (2022 to 2025), Genco Shipping & Trading's minor bulk — charter hire expense has grown at a -39.7% compound annual growth rate (CAGR), from $27.13M to $5.96M.
What does minor bulk — charter hire expense mean?
Reflects the costs associated with leasing third-party vessels to supplement the company's own fleet capacity for the minor bulk segment. This metric indicates the company's reliance on chartered tonnage to meet contractual obligations or capitalize on market demand.

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