Genco Shipping & Trading Limited beats Q2 revenue expectations

Genco Shipping & Trading

06/08/2025 21:30

Overview

Genco Shipping & Trading Limited Q2 2025 revenue beats analyst expectations

Q2 Adjusted EBITDA misses estimates, per LSEG data

Company reports net loss of $6.8 mln, adjusted net loss per share of $0.14

Genco acquires high-spec Capesize vessel, declares $0.15 dividend for Q2

Outlook

Genco estimates Q3 2025 TCE at $15,926 for 70% of fleet

Company sees improvement in Capesize and Supramax rates

Genco expects delivery of new Capesize vessel by October 2025

Company maintains flexibility in dividend reserves for Q3 2025

Result Drivers

LOWER RATES - Co's revenue decline attributed to lower rates earned by major and minor bulk vessels

FLEET EXPANSION - Acquisition of high-spec Capesize vessel part of strategy to modernize fleet

CREDIT FACILITY - Amended $600 mln revolving credit facility to increase borrowing capacity for growth

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$80.94 mln
$77 mln (4 Analysts)
Q2 EPS
-$0.16
Q2 Net Income
-$6.81 mln
Q2 Adjusted EBITDA
Miss
$14.30 mln
$14.40 mln (8 Analysts)
Q2 Basic EPS
-$0.16
Q2 Dividend
$0.15


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the marine freight & logistics peer group is "buy"

Wall Street's median 12-month price target for Genco Shipping & Trading Ltd is $19.00, about 10.9% above its August 5 closing price of $16.93

The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 16 three months ago

Press Release: ID:nGNX2K4RFx

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)