What does proceeds from sale of vessel assets net mean?

Cash inflows generated from the divestiture of older or non-core vessels within the fleet. These proceeds are often used to fund new vessel acquisitions or reduce debt levels. This metric reflects the company's fleet renewal strategy and its ability to monetize assets in the secondary market.

Genco Shipping & Trading GNK Proceeds From Sale Of Vessel Assets Net

Proceeds From Sale Of Vessel Assets Net at other companies

TidewaterTDW

$4.4M-8.8%

MTD

Matador ResourcesMTDR

$5.61M+81.3%

International Seaways, Inc.INSW

$222.83M+93.3%

TDA

USA TODAY Co., Inc.TDAY

$9.26M-80.9%

JetBlue AirwaysJBLU

$40M-9.1%

WingstopWING

$0-100%

Other financials

Income statement

See full

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

See full

Operating margin7.9%-6.7pp

Net margin-2.1%—

FCF margin10.8%-14.1pp

Returns & leverage

See full

Return on equity-0.8%—

Debt / equity0.4×+0.3×

Current ratio3×+1.2×

Where this comes from

Reported directly by Genco Shipping & Trading in its filing.

Tagged under the XBRL concept gnk:ProceedsFromSaleOfVesselAssetsNet.

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 proceeds from sale of vessel assets net?: Genco Shipping & Trading (GNK) reported proceeds from sale of vessel assets net of $10.93M in Q1 2026.
What does proceeds from sale of vessel assets net mean?: Cash inflows generated from the divestiture of older or non-core vessels within the fleet. These proceeds are often used to fund new vessel acquisitions or reduce debt levels. This metric reflects the company's fleet renewal strategy and its ability to monetize assets in the secondary market.