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Genco Shipping & Trading GNK Minor Bulk — Voyage Expenses

Other segment segments

Major Bulk
$26.27M+58.0%

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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 minor bulk — voyage expenses?
Genco Shipping & Trading (GNK) reported minor bulk — voyage expenses of $17.82M in Q2 2026.
How has Genco Shipping & Trading's minor bulk — voyage expenses changed year-over-year?
Genco Shipping & Trading's minor bulk — voyage expenses increased by 15.9% year-over-year, from $15.38M to $17.82M.
What is the long-term trend for Genco Shipping & Trading's minor bulk — voyage expenses?
Over 3 years (2022 to 2025), Genco Shipping & Trading's minor bulk — voyage expenses has grown at a -13.2% compound annual growth rate (CAGR), from $84.72M to $55.39M.
What does minor bulk — voyage expenses mean?
Represents the direct costs incurred by the shipping segment to transport cargo, including port charges, canal tolls, and bunker fuel costs associated with specific voyages. These expenses are essential for evaluating the operational efficiency of the fleet's deployment in the spot and charter markets.

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