Filing Flows › Genco Shipping & Trading (GNK) › Q2 2026
Genco Shipping & Trading (GNK) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 5, 2026
Genco Shipping & Trading (GNK) reported revenue of $136M for the second quarter 2026 (Q2 2026), +69% from a year earlier and +19% from the quarter before. Operating margin was 15.9%, net earnings $16.6M (12.2% of revenue).
Genco Shipping & Trading, Q2 2026: revenue $136M (+68% year over year), operating margin 15.9%, net earnings $16.6M, operating cash flow $33.2M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $136M | +19% | +69% |
| Operating profit | $21.8M | +63% | — |
| Net earnings | $16.6M | +79% | — |
| Operating cash flow | $33.2M | +112% | +516% |
| Free cash flow | $32.5M | +113% | +652% |
What changed
Revenue was $136.4M in Q2 2026, up 69% year over year and up 19% from the previous quarter.
Operating profit was $21.8M, a 15.9% margin (up 21.2 points year over year). Total costs grew 35% against revenue growth of 69%. The fastest-growing cost line was Other operating costs (+37%). Net earnings were $16.6M. The effective tax rate was 0.0%.
Operating cash flow was $33.2M (up 516% year over year), 199% of net earnings. Non-cash charges added back $22.4M of depreciation and amortization and $2.2M of share-based compensation. Working capital and other items used $8.1M. Capital expenditures of $714K left free cash flow of $32.5M.
Questions
What was Genco Shipping & Trading's revenue in the second quarter 2026?
Genco Shipping & Trading (GNK) reported revenue of $136M for the second quarter 2026 (Q2 2026), +69% from a year earlier and +19% from the quarter before.
Was Genco Shipping & Trading profitable in the second quarter 2026?
Operating profit was $21.8M (15.9% of revenue) and net earnings $16.6M.