Genco Q4 revenue beats estimates

Reuters
02/18
Genco Q4 revenue beats estimates

Overview

  • Drybulk shipowner's Q4 revenue beat analyst expectations

  • Adjusted EBITDA for Q4 beat analyst expectations

  • Company declared $0.50 per share dividend, highest since 2022

Outlook

  • Genco expects Q1 2026 TCE to be $17,966 for 80% of fleet days

  • Company anticipates higher Q1 2026 dividend year-over-year

Result Drivers

  • INCREASED BORROWING CAPACITY - Co upsized borrowing capacity by $80 mln, enhancing financial flexibility

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 Revenue

Beat

$109.92 mln

$101.30 mln (5 Analysts)

Q4 Net Income

$15.33 mln

Q4 Adjusted EBITDA

Beat

$42 mln

$41.18 mln (7 Analysts)

Q4 Dividend

$0.50

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "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 $23.50, about 5.8% above its February 13 closing price of $22.21

Press Release: ID:nGNX2qCFk3

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

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