Filing Flows › Genco Shipping & Trading (GNK) › Q3 2026
Genco Shipping & Trading (GNK) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 4, 2026
Genco Shipping & Trading (GNK) reported revenue of $152M for the third quarter 2026 (Q3 2026), +90% from a year earlier and +11% from the quarter before. Operating margin was 29.1%, net earnings $38.1M (25.1% of revenue).
Genco Shipping & Trading, Q3 2026: revenue $152M (+90% year over year), operating margin 29.1%, net earnings $38.1M, operating cash flow $66.5M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $152M | +11% | +90% |
| Operating profit | $44.3M | +103% | 18× |
| Net earnings | $38.1M | +128% | — |
| Operating cash flow | $66.5M | +100% | +765% |
| Free cash flow | $65.4M | +101% | +902% |
What changed
Revenue was $151.9M in Q3 2026, up 90% year over year and up 11% from the previous quarter.
Operating profit was $44.3M, a 29.1% margin (up 26.1 points year over year). Of the extra revenue versus Q3 2025, 58% reached operating profit, above the 3% margin then. Total costs grew 39% against revenue growth of 90%. The fastest-growing cost line was Other operating costs (+43%). Net earnings were $38.0M. The effective tax rate was 0.0%.
Operating cash flow was $66.5M (up 765% year over year), 175% of net earnings. Non-cash charges added back $23.4M of depreciation and amortization and $2.2M of share-based compensation. Capital expenditures of $1.1M left free cash flow of $65.4M.
Questions
What was Genco Shipping & Trading's revenue in the third quarter 2026?
Genco Shipping & Trading (GNK) reported revenue of $152M for the third quarter 2026 (Q3 2026), +90% from a year earlier and +11% from the quarter before.
Was Genco Shipping & Trading profitable in the third quarter 2026?
Operating profit was $44.3M (29.1% of revenue) and net earnings $38.1M.