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v3.25.2

SUBSEQUENT EVENTS (Details) $ / shares in Units, $ in Thousands |  |  | 1 Months Ended | 3 Months Ended | 6 Months Ended |  |  |
--- | --- | --- | --- | --- | --- | --- | --- | ---
Jul. 10, 2025 USD ($) item t | Jun. 26, 2025 USD ($) | Aug. 06, 2025 USD ($) $ / shares | Sep. 30, 2025 USD ($) | Jun. 30, 2025 $ / shares | Mar. 31, 2025 $ / shares | Jun. 30, 2024 $ / shares | Mar. 31, 2024 $ / shares | Jun. 30, 2025 USD ($) | Jul. 23, 2025 USD ($) | Jul. 09, 2025 | Nov. 29, 2023 USD ($)
SUBSEQUENT EVENTS |  |  |  |  |  |  |  |  |  |  |  |
Dividends declared per share of common stock (in dollars per share) | $ / shares |  |  |  |  | $ 0.15 | $ 0.3 | $ 0.42 | $ 0.41 |  |  |  |
Proceeds from the $500 Million Revolver |  |  |  |  |  |  |  |  | $ 10,000 |  |  |
Secured debt | $500 Million Revolver |  |  |  |  |  |  |  |  |  |  |  |
SUBSEQUENT EVENTS |  |  |  |  |  |  |  |  |  |  |  |
Maximum borrowing capacity |  | $ 500,000 |  |  |  |  |  |  |  |  |  | $ 500,000
Proceeds from the $500 Million Revolver |  | $ 10,000 |  |  |  |  |  |  |  |  |  |
Subsequent Event | Q3 2025 Dividend |  |  |  |  |  |  |  |  |  |  |  |
SUBSEQUENT EVENTS |  |  |  |  |  |  |  |  |  |  |  |
Dividends Payable, Date Declared |  |  | Aug. 06, 2025 |  |  |  |  |  |  |  |  |
Dividends declared per share of common stock (in dollars per share) | $ / shares |  |  | $ 0.15 |  |  |  |  |  |  |  |  |
Dividends Payable, Date to be Paid |  |  | Aug. 25, 2025 |  |  |  |  |  |  |  |  |
Dividends Payable, Date of Record |  |  | Aug. 18, 2025 |  |  |  |  |  |  |  |  |
Aggregate amount of dividend |  |  | $ 6,600 |  |  |  |  |  |  |  |  |
Subsequent Event | Genco Courageous |  |  |  |  |  |  |  |  |  |  |  |
SUBSEQUENT EVENTS |  |  |  |  |  |  |  |  |  |  |  |
Capacity of vessels | t | 182,000 |  |  |  |  |  |  |  |  |  |  |
Purchase price per vessel | $ 63,550 |  |  |  |  |  |  |  |  |  |  |
Escrow Deposit |  |  |  |  |  |  |  |  |  | $ 6,355 |  |
Subsequent Event | Secured debt | $500 Million Revolver |  |  |  |  |  |  |  |  |  |  |  |
SUBSEQUENT EVENTS |  |  |  |  |  |  |  |  |  |  |  |
Maximum borrowing capacity | 500,000 |  |  |  |  |  |  |  |  |  |  |
Collateral security maintenance (as a percent) |  |  |  |  |  |  |  |  |  |  | 140.00% |
Subsequent Event | Secured debt | $500 Million Revolver | Forecast |  |  |  |  |  |  |  |  |  |  |  |
SUBSEQUENT EVENTS |  |  |  |  |  |  |  |  |  |  |  |
Payment of debt extinguishment costs |  |  |  | $ 700 |  |  |  |  |  |  |  |
Subsequent Event | Secured debt | $600 Million Revolver |  |  |  |  |  |  |  |  |  |  |  |
SUBSEQUENT EVENTS |  |  |  |  |  |  |  |  |  |  |  |
Maximum borrowing capacity | $ 600,000 |  |  |  |  |  |  |  |  |  |  |
Margin increase or decrease based on performance of emissions targets | 0.05% |  |  |  |  |  |  |  |  |  |  |
Average age of collateral vessels for repayment of loan | 20 years |  |  |  |  |  |  |  |  |  |  |
Collateral security maintenance (as a percent) | 135.00% |  |  |  |  |  |  |  |  |  |  |
Number of vessels to serve as collateral under debt agreement | item | 42 |  |  |  |  |  |  |  |  |  |  |
Commitment fee on unused daily average unutilized commitment (as a percent) | 35.00% |  |  |  |  |  |  |  |  |  |  |
Subsequent Event | Secured debt | $600 Million Revolver | Minimum |  |  |  |  |  |  |  |  |  |  |  |
SUBSEQUENT EVENTS |  |  |  |  |  |  |  |  |  |  |  |
Applicable margin over reference rate | 1.75% |  |  |  |  |  |  |  |  |  |  |
Subsequent Event | Secured debt | $600 Million Revolver | Maximum |  |  |  |  |  |  |  |  |  |  |  |
SUBSEQUENT EVENTS |  |  |  |  |  |  |  |  |  |  |  |
Applicable margin over reference rate | 2.15% |  |  |  |  |  |  |  |  |  |  |

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- Definition Amount of cash outflow for cost from early extinguishment and prepayment of debt. Includes, but is not limited to, third-party cost, premium paid, and other fee paid to lender directly for debt extinguishment or debt prepayment. Excludes accrued interest. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 15 -Subparagraph (g) -SubTopic 10 -Topic 230 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-15 + Details
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