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Genco Shipping & Trading GNK Minor Bulk — Direct Operating Costs

Other segment segments

Major Bulk
$11.4M+11.0%

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Other financials

Income statement

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Revenue$114.4M+60.6%
Operating income$13.3M+236%
Net income$9.3M+178%
EPS (diluted)$0.21+175%

Balance sheet

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Cash & equivalents$54.8M+81.1%
Total debt$324.5M+264%
Total equity$885.4M-2.0%
Total assets$1.3B+20.6%

Cash flow

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Operating cash flow$15.7M+441%
CapEx$405.0K-37.9%
Free cash flow$15.3M+579%

Valuation

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Market cap$1.05B+80.1%
Enterprise value$1.32B+106%
P/S2.7×+1.2×

Profitability

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Operating margin7.9%-6.7pp
Net margin-2.1%
FCF margin10.8%-14.1pp

Returns & leverage

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Return on equity-0.8%
Debt / equity0.4×+0.3×
Current ratio+1.2×

Where this comes from

Reported directly by Genco Shipping & Trading in its filing.

Tagged under the XBRL concept us-gaap:DirectOperatingCosts.

The official record: Genco Shipping & Trading’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Genco Shipping & Trading's minor bulk — direct operating costs?
Genco Shipping & Trading (GNK) reported minor bulk — direct operating costs of $15.17M in Q1 2026.
How has Genco Shipping & Trading's minor bulk — direct operating costs changed year-over-year?
Genco Shipping & Trading's minor bulk — direct operating costs increased by 3.5% year-over-year, from $14.65M to $15.17M.
What is the long-term trend for Genco Shipping & Trading's minor bulk — direct operating costs?
Over 3 years (2022 to 2025), Genco Shipping & Trading's minor bulk — direct operating costs has grown at a -1.8% compound annual growth rate (CAGR), from $62.09M to $58.75M.
What does minor bulk — direct operating costs mean?
Includes the recurring expenses required to operate and maintain the vessels within the minor bulk segment, such as crew wages, insurance, repairs, and maintenance. Monitoring these costs is critical for assessing the underlying cost structure and technical management performance of the fleet.