Genco Shipping & Trading misses Q3 revenue estimates, declares dividend

Genco Shipping & Trading

05/11/2025 21:31

Overview

Genco Q3 2025 rev misses analyst expectations, adjusted EBITDA also missed

Company declared $0.15 per share dividend for Q3, marking 25th consecutive quarterly dividend

Genco acquired the Genco Courageous, a Capesize vessel, as part of growth strategy

Outlook

Genco targets Q4 2025 voluntary reserve at $19.50 mln for dividend calculation

Company maintains flexibility to adjust Q4 dividend based on market conditions

Result Drivers

VESSEL ACQUISITION - Genco acquired the Genco Courageous, a high-specification Capesize vessel, to enhance its fleet

REVENUE DECLINE - Revenue decreased due to lower rates earned by vessels and additional drydocking days

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$79.92 mln
$97.2 mln (4 Analysts)
Q3 EPS
-$0.02
Q3 Net Income
-$1.08 mln
Q3 Adjusted EBITDA
Miss
$21.7 mln
$28.5 mln (7 Analysts)
Q3 Basic EPS
-$0.02
Q3 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", 2 "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 $20.00, about 17.7% above its November 4 closing price of $16.47

Press Release: ID:nGNXc6CQ48

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(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.)