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Last $12.87 USD
Change Today +0.05 / 0.39%
Volume 105.2K
GNRT On Other Exchanges
Symbol
Exchange
New York
As of 3:07 PM 09/2/15 All times are local (Market data is delayed by at least 15 minutes).

gener8 maritime inc (GNRT) Snapshot

Open
$12.97
Previous Close
$12.82
Day High
$13.00
Day Low
$12.84
52 Week High
07/21/15 - $14.82
52 Week Low
08/26/15 - $11.63
Market Cap
1.1B
Average Volume 10 Days
229.5K
EPS TTM
--
Shares Outstanding
81.9M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for GENER8 MARITIME INC (GNRT)

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gener8 maritime inc (GNRT) Details

Gener8 Maritime Inc. provides international seaborne crude oil transportation services. As of May 8, 2015, it had a fleet of 46 vessels, including 21 very large crude carrier (VLCC) newbuildings; and 25 vessels on the water, such as 7 VLCCs, 11 Suezmaxes, 4 Aframaxes, 2 Panamax tankers, and 1 Handymax tanker together comprising approximately 11 million deadweight tons with an average age of less than 5.5 years. The company was formerly known as General Maritime Corporation and changed its name to Gener8 Maritime Inc. in May 2015. Gener8 Maritime Inc. was founded in 1997 and is headquartered in New York, New York.

42 Employees
Last Reported Date: 06/25/15
Founded in 1997

gener8 maritime inc (GNRT) Top Compensated Officers

Founder, Chairman, Chief Executive Officer an...
Total Annual Compensation: $1.0M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $750.0K
Chief Operating Officer
Total Annual Compensation: $900.0K
Manager, Technical Director of GMM and Mariti...
Total Annual Compensation: $525.0K
Manager and Commercial Director of GMM
Total Annual Compensation: $525.0K
Compensation as of Fiscal Year 2014.

gener8 maritime inc (GNRT) Key Developments

Gener8 Maritime Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Gener8 Maritime Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company recorded adjusted net income of $37.0 million or $0.70 basic and $0.70 diluted earnings per share for the three months ended June 30, 2015 against adjusted net loss of $19.9 million or $0.63 basic and diluted loss per share for the three months ended June 30, 2014. Net income for the quarter ended June 30, 2015 was $19.9 million or $0.38 basic and diluted earnings per share compared to a net loss of $33.3 million or $1.05 basic and diluted loss per share for the prior year period. Voyage revenues increased by $33.2 million, or 39.8%, to $116.5 million compared to $83.3 million for the quarter ended June 30, 2014. The increase in voyage Revenue was primarily attributable to the increase in the company's spot market revenues by $25.4 million, or 31.4%, to $106.3 million for the quarter ended June 30, 2015 compared to $80.9 million for the prior year period. Operating income was $29,436,000 against operating loss of $26,209,000 last year. EBITDA was $34,425,000 against LBITDA of $14,769,000 last year. EBITDA, adjusted was $51,487,000 against LBITDA, adjusted of $1,391,000 last year. For the first half, the company recorded adjusted net income of $68.5 million or $1.59 basic and $1.59 diluted earnings per share for the six months ended June 30, 2015 against adjusted net loss of $10.3 million or $0.37 per basic and diluted loss per share for the six months ended June 30, 2014. The increase in adjusted net income was primarily due to an increase in the Company's net voyage revenue due to increased rates and lower fuel costs compared to the prior year period. Net income for the six months ended June 30, 2015 was $50.8 million or $1.18 basic and $1.18 diluted earnings per share compared to a net loss of $25.8 million or $0.93 per basic and diluted loss per share for the prior year period. Voyage revenues increased by $31.3 million, or 15.1%, to $237.9 million for the six months ended June 30, 2015 compared to $206.6 million for the six months ended June 30, 2014. The increase was attributable to the increase in spot market revenues and time charter revenues of $19.3 million and $12.0 million, respectively, and both increases were primarily due to the increase in the charter hire rates. Also contributing to the increase in time charter Revenue was the voyage revenues associated with the time chartered-in vessel obtained in connection with the merger with Navig8 Crude, which generated gross revenue of $2.8 million during the period from May 7, 2015 (merger closing date) to June 30, 2015. Adjusted EBITDA for the six months ended June 30, 2015 increased 280% to $101.4 million compared to $26.7 million for the prior year period. As of June 30, 2015, the Company's net debt was $441.9 million. Operating income was $68,101,000 against operating loss of $11,127,000 last year. EBITDA was $83,770,000 against $14,769,000 last year. EBITDA, adjusted was $101,397,000 against $26,688,000 last year.

Gener8 Maritime Inc. to Report Q2, 2015 Results on Aug 04, 2015

Gener8 Maritime Inc. announced that they will report Q2, 2015 results at 5:00 PM, Eastern Standard Time on Aug 04, 2015

Gener8 Maritime Inc., Q2 2015 Earnings Call, Aug 05, 2015

Gener8 Maritime Inc., Q2 2015 Earnings Call, Aug 05, 2015

 

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GNRT Competitors

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Hornbeck Offshore Services Inc $18.06 USD -0.36
Nordic American Tankers Ltd $14.00 USD +0.11
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Industry Analysis

GNRT

Industry Average

Valuation GNRT Industry Range
Price/Earnings 0.0x
Price/Sales 0.0x
Price/Book 0.0x
Price/Cash Flow 0.0x
TEV/Sales NM Not Meaningful
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