v3.26.1
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues:        
Total revenues $ 136,414 $ 80,939 $ 250,843 $ 152,208
Operating expenses:        
Voyage expenses 44,085 32,005 80,361 59,359
Vessel operating expenses 26,535 23,747 53,096 48,663
Charter hire expenses 385 2,035 6,481 4,320
General and administrative expenses (inclusive of nonvested stock amortization expense of $2,245, $1,780, $4,075 and $3,276 respectively) 7,903 7,399 16,012 14,893
Technical management expenses 1,079 1,231 1,839 2,556
Depreciation and amortization 22,367 18,133 43,405 35,797
Impairment of vessel assets 1,198 651 1,726 651
Net gain on sale of vessels (1,942)   (4,017)  
Other operating expense 13,052   16,877  
Total operating expenses 114,662 85,201 215,780 166,239
Operating income (loss) 21,752 (4,262) 35,063 (14,031)
Other (expense) income:        
Other income (expense) 130 (232) 227 (245)
Interest income 605 243 1,270 612
Interest expense (5,750) (2,558) (10,248) (5,107)
Other expense, net (5,015) (2,547) (8,751) (4,740)
Net income (loss) 16,737 (6,809) 26,312 (18,771)
Less: Net income (loss) attributable to noncontrolling interest 88 (8) 354 (47)
Net income (loss) attributable to Genco Shipping & Trading Limited $ 16,649 $ (6,801) $ 25,958 $ (18,724)
Net earnings (loss) per share-basic $ 0.38 $ (0.16) $ 0.59 $ (0.43)
Net earnings (loss) per share-diluted $ 0.37 $ (0.16) $ 0.58 $ (0.43)
Weighted average common shares outstanding-basic 43,872,514 43,350,232 43,789,751 43,276,496
Weighted average common shares outstanding-diluted 44,572,591 43,350,232 44,492,571 43,276,496
Voyage revenues        
Revenues:        
Total revenues $ 136,414 $ 80,939 $ 250,843 $ 152,208