Genco Shipping & Trading (GNK) Operating Expenses (2009 - 2026)
Genco Shipping & Trading's (GNK) quarterly Operating Expenses came in at $114.7 million in Q2 2026, up 34.58% year-over-year from $85.2 million in Q2 2025, and up 13.4% quarter-over-quarter from $101.1 million in Q1 2026.
Analysis
Genco Shipping & Trading (GNK) Operating Expenses (2009 - 2026) Analysis & Trends
Genco Shipping & Trading (GNK) has reported Operating Expenses for 18 consecutive years, with $114.7 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Expenses rose 34.58% year-over-year to $114.7 million in Q2 2026; TTM through Jun 2026 was $384.1 million, a 17.78% increase from a year earlier, with the FY2025 full-year figure at $334.6 million, changed 0.41% from the prior year.
- Operating Expenses was $114.7 million for Q2 2026 at Genco Shipping & Trading, up from $101.1 million in the prior quarter.
- Over five years, Operating Expenses peaked at $114.7 million in Q2 2026 and troughed at $75.3 million in Q3 2024.
- A 5-year average of $91.4 million and a median of $90.4 million in 2022 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses plunged 33.78% in 2024 and soared 34.58% in 2026, its largest moves.
- Over 5 years, Operating Expenses stood at $96.2 million in 2022, then advanced by 12.76% to $108.5 million in 2023, then declined by 22.02% to $84.6 million in 2024, then gained by 7.44% to $90.9 million in 2025, then climbed by 26.15% to $114.7 million in 2026.
- The last three Operating Expenses figures came in at $114.7 million (Q2 2026), $101.1 million (Q1 2026), and $90.9 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Frontline | 10.35 Bn | 10.03 Bn | - | 347.18 Mn |
| 2 | Kirby | 7.39 Bn | 7.35 Bn | 290.80 Mn | 800.04 Mn |
| 3 | Matson | 6.76 Bn | 6.64 Bn | - | 810.50 Mn |
| 4 | International Seaways | 5.13 Bn | 5.13 Bn | 467.16 Mn | 168.38 Mn |
| 5 | Hafnia | 4.45 Bn | 4.17 Bn | 372.91 Mn | -47.20 Mn |
| 6 | Cmb.Tech | 4.42 Bn | 4.26 Bn | 970.62 Mn | -783.93 Mn |
| 7 | Scorpio Tankers | 3.80 Bn | 1.97 Bn | 343.91 Mn | -10.41 Mn |
| 8 | ZIM Integrated Shipping Services | 3.60 Bn | 2.57 Bn | 255.00 Mn | -419.60 Mn |
| 9 | Star Bulk Carriers | 3.56 Bn | 3.00 Bn | 299.80 Mn | 202.38 Mn |
| 10 | Genco Shipping & Trading | 1.17 Bn | 1.17 Bn | 92.30 Mn | 114.66 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 114.66 Mn |
| Mar 31, 2026 | 101.12 Mn |
| Dec 31, 2025 | 90.89 Mn |
| Sep 30, 2025 | 77.45 Mn |
| Jun 30, 2025 | 85.20 Mn |
| Mar 31, 2025 | 81.04 Mn |
| Dec 31, 2024 | 84.59 Mn |
| Sep 30, 2024 | 75.30 Mn |
| Jun 30, 2024 | 80.73 Mn |
| Mar 31, 2024 | 95.34 Mn |
| Dec 31, 2023 | 108.48 Mn |
| Sep 30, 2023 | 113.71 Mn |
| Jun 30, 2023 | 77.53 Mn |
| Mar 31, 2023 | 89.95 Mn |
| Dec 31, 2022 | 96.20 Mn |
| Sep 30, 2022 | 90.79 Mn |
| Jun 30, 2022 | 88.57 Mn |
| Mar 31, 2022 | 94.13 Mn |
| Dec 31, 2021 | 90.10 Mn |
| Sep 30, 2021 | 89.88 Mn |