DAC

This article first appeared on GuruFocus. Release Date: May 12, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Danaos Corp (NYSE:DAC) reported an increase in adjusted EPS to $6.72 per share, up from $6.04 per share in the first quarter of 2025. The company has a strong contracted revenue backlog of $4.1 billion with a 4.2-year average charter duration. Danaos Corp (NYSE:DAC) has a significant liquidity position with $1.3 billion, providing flexibility for future investments. The dry bulk market has improved considerably, with time charter equivalent earnings increasing significantly. Danaos Corp (NYSE:DAC) maintains competitive operating costs, with vessel operating expenses dropping despite an increase in fleet size. Operating revenues of the container ship fleet decreased by $6.6 million due to lower contracted charter rates and non-cash U.S. GAAP revenue recognition. G&A expenses increased by $2.4 million, driven by higher management fees and corporate expenses. Interest expense increased by $1.7 million due to higher average indebtedness. The company's revenue backlog decreased slightly from $4.3 billion in the previous quarter. Danaos Corp (NYSE:DAC) is cautious about continuing share buybacks due to the stock reaching all-time highs, despite believing it is undervalued. Warning! GuruFocus has detected 5 Warning Signs with TONX. Is DAC fairly valued? Test your thesis with our free DCF calculator. Q: Your recent investments seem to focus on LNG, including stakes in Yoda and the Alaska LNG project. Is this a strategic shift towards LNG, and should we expect more investments in this sector? A: Yes, the energy sector, particularly LNG, is our next focus area. We are closely monitoring geopolitical changes and addressing them from both transportation and LNG production angles, which will also enhance our transportation capabilities. - Dr. John Koustos, CEO Q: Your revenue backlog is strong at $4.1 billion, but it's slightly down from last quarter's $4.3 billion. Can you explain the current trends in liner interest for charter coverage? A: The backlog reduction is circumstantial. Most of our fleet for 2026 and 2027 is already fixed, and discussions for 2028 are premature, especially for second-hand ships. We've been actively fixing charters, and the current situation doesn't signify any negative trend...

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Performance was significantly influenced by geopolitical events in the Gulf and the closure of the Strait of Hormuz, which primarily drove a temporary spike in tanker rates. The drybulk market has shown considerable improvement and continued strengthening, prompting a strategic expansion into the Newcastlemax segment. Management attributes the container sector's stability to these disruptions, though the direct impact on box rates was less pronounced than in the tanker sector. Strategic positioning is focused on the mid-sized containership segment, which management believes will benefit from increasingly multilateral global trade patterns. Operational efficiency remains a core driver, with daily vessel operating costs declining to $6.68 thousand despite an increase in the total fleet size. The company maintains a massive $4.1 billion contracted revenue backlog, providing high visibility with 100% contract coverage for the remainder of 2026. The company is expanding its order book with 4 Newcastlemaxes for 2028 delivery and 2 container ships for 2027 delivery to capture market strength. Management anticipates that the resolution of conflicts in the Gulf and Ukraine would provide meaningful global market stability for years to come. The energy sector, specifically LNG production and transportation, is the next primary point of focus for capital allocation and strategic growth. Guidance assumes a resilient globalization trend where protectionism remains the exception, supporting the company's investment in multilateral trade routes. Two vessels currently remain in the Gulf due to regional instability, though management notes this has no earnings impact as they remain on charter. Liquidity stands at $1.3 billion, including cash and revolving credit facilities, intended for pursuing accretive acquisition opportunities. The company maintains a very low leverage profile with a net debt to adjusted EBITDA ratio of 0.2x and 67 unencumbered vessels. A $300 million share repurchase program has $65 million in remaining authority, though management is exercising caution due to recent stock price appreciation. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Management...

Image source: The Motley Fool. Tuesday, May 12, 2026 at 9 a.m. ET Chief Executive Officer — John Coustas Chief Financial Officer — Evangelos Chatzis Need a quote from a Motley Fool analyst? Email [email protected] John Coustas: Thank you, Evangelos. Good morning, and thank you all for joining today's call to discuss our results for the 2026. This quarter was shaped by the unprecedented events in The Gulf and the closure of the Strait of Hormuz, a situation that is still unfolding, but which we hope will be resolved in the coming weeks. The disruption has primarily benefited the tanker sector where rates spiked sharply before quickly normalizing. In the container sector, the disruption helped stabilize and lift certain box rates, however, did not have a significant effect. 2 of our vessels currently remain in The Gulf but this does not affect our earnings as both vessels continue to be on charter. The drybulk market has improved considerably. and continues to strengthen. Our optimistic outlook for this market prompted us to expand our order book to 4 Newcastlemaxes for 2028 delivery. We also ordered 2 5 thousand TEU container ships for 2027 delivery both of which are backed by 3 year charters. Together with charter arrangements for our existing fleet, these additions position us with a pro forma fleet of 104 container ships and 15 Capesize and Newcastlemax vessels with a $4.1 billion contracted revenue backlog. Combined with €1.3 billion of liquidity, this positions us to continue pursuing accretive opportunities as they arise. Resolution of the conflicts in The Gulf and Ukraine should bring meaningful stability for years to come. Absent new initiatives by the major global powers. Last year's developments demonstrated that globalization remains resilient and that protectionism is likely to be the exception rather than the rule going forward. Trade is becoming increasingly multilateral which benefits the midsized containership segment in which we are actively investing. Together with a disciplined expansion strategy, we believe these dynamics will continue to drive improving profitability and create value for our shareholders. With that, I hand the call back over to Evangelos, who will take you through the financials for the quarter. Evangelos? Evangelos Chatzis: Thank you, John, and good morning again to everyone. I will briefly review the results for the quarter a...

Danaos (DAC) reported Q1 adjusted earnings late Monday of $6.72 per diluted share, up from $6.04 a y

ATHENS, Greece (AP) — ATHENS, Greece (AP) — Danaos Corp. (DAC) on Monday reported net income of $140.4 million in its first quarter. The Athens, Greece-based company said it had net income of $7.70 per share. Earnings, adjusted for one-time gains and costs, came to $6.72 per share. The shipping company posted revenue of $253.7 million in the period. Its adjusted revenue was $252.7 million. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DAC at https://www.zacks.com/ap/DAC

ATHENS, Greece, May 11, 2026 /PRNewswire/ -- Danaos Corporation ("Danaos") (NYSE: DAC), one of the world's largest independent owners of container vessels, today reported unaudited results for the three-month period ended March 31, 2026. For management purposes, the Company is organized based on operating revenues generated from container vessels and dry-bulk vessels and has two reporting segments: (1) a container vessels segment and (2) a dry-bulk vessels segment. The Company measures segment performance based on net income. Items included in the applicable segment's net income are directly allocated to the extent that the items are directly or indirectly attributable to the segments. With regards to the items that are allocated by indirect calculations, their allocation is commensurate to the utilization of key resources. The Other column includes components that are not allocated to any of the Company's reportable segments and includes investments in an affiliate accounted for using the equity method of accounting and investments in marketable securities. Highlights for the First Quarter Ended March 31, 2026 and up to the date of this release: Financing developments On March 2, 2026, we repaid in full our 8.5% senior notes due 2028, with an outstanding principal amount of $262.8 million. On March 2, 2026, we prepaid the outstanding principal amount of $213.8 million under our syndicated $450.0 million loan facility, relating to the vessels Catherine C, Greenland, Interasia Accelerate, and Interasia Amplify. In connection with the prepayment, we entered into Japanese Operating Leases ("Jolco") in respect of these four vessels for an aggregate consideration of $371 million and a tenor of eight years. One of the Jolco transactions was consummated on March 23, 2026 for a consideration of $100 million, two on March 26, 2026 for a consideration of $85.5 million each, and one on April 16, 2026 for a consideration of $100 million. Additionally, two more vessels are expected to be refinanced through Jolco transactions in June 2026. As of March 31, 2026, out of our total fleet of 86 vessels, 79 of our 86 vessels were debt-free, including 67 unencumbered vessels and 12 pledged as collateral under our $382.5 million revolving credit facility, which remains undrawn. As of the date of this release, available committed borrowing capacity was $236.25 million under the Re...

ATHENS, Greece, May 4, 2026 /PRNewswire/ -- Danaos Corporation (NYSE: DAC), one of the world's largest independent owners of containerships, announced today that it will release its results for the first quarter ended March 31, 2026, after the close of the market in New York on Monday, May 11, 2026. The Company's management team will host a conference call to discuss the results on Tuesday, May 12, 2026 at 9:00 A.M. ET. Conference Call Details: Participants should dial into the call 10 minutes before the scheduled time using the following numbers: U.S. Toll Free Dial-in: 1 833 890 6464 U.K. Toll Free Dial-in: 0 800 279 9489 Standard International Dial-in: +44 (0) 2075 441 375 Please indicate to the operator that you wish to join the Danaos Corporation earnings call. A telephonic replay of the conference call will be available until May 20, 2026 by dialing 1 855 669 9658 (US Toll Free Dial In) or 1-412-317-0088 (Standard International Dial In) and using 6800112# as your access code. Audio Webcast: A live audio webcast of the conference call will be available through the Danaos Corporation website (www.danaos.com). Participants of the live audio webcast should register on the website approximately 10 minutes prior to the start of the webcast. An archived version of the audio webcast will be available on the website within 48 hours of the completion of the call. About Danaos Corporation Danaos Corporation is one of the largest independent owners of modern, large-size containerships. Our current fleet of 75 containerships aggregating 477,491 TEUs and 27 under construction container vessels aggregating 174,550 TEUs ranks Danaos among the largest container vessels charter owners in the world based on total TEU capacity. Danaos has also invested in the dry bulk sector through the acquisition of 11 capesize drybulk vessels and the recent order of four Newcastlemax dry bulk newbuildings, which, on a fully delivered basis, will aggregate approximately 2,787,286 DWT. Our container vessels fleet is chartered to many of the world's largest liner companies on fixed-rate charters. Our long track record of success is predicated on our efficient and rigorous operational standards and environmental controls. Danaos Corporation's shares trade on the New York Stock Exchange under the symbol "DAC". Visit our website at www.danaos.com View original content:https://www.prnewswire....

Danaos Corporation reported fourth-quarter 2025 revenue of US$266.27 million and net income of US$117.91 million, alongside declaring a US$0.90 per-share common dividend payable on March 4, 2026, to shareholders of record on February 23, 2026. The company’s results came with higher quarterly earnings per share from continuing operations and a growing long-term contract revenue backlog, underpinned by investments in container vessels and LNG-linked projects. We’ll now examine how Danaos’s earnings beat and LNG expansion reshape its investment narrative around earnings stability and growth. We've uncovered the 13 dividend fortresses yielding 5%+ that don't just survive market storms, but thrive in them. For me, the core Danaos thesis is about contracted earnings from long-term charters and how durable that cash flow looks as shipping cycles turn. The latest earnings beat and US$0.90 dividend support the view that near term cash generation remains solid, while also highlighting a key risk: how the business might be affected when today’s high contract coverage eventually rolls off into a potentially softer rate environment. Overall, the news does not materially change that central trade off. The most relevant update here is management’s disclosure that total contract revenue backlog has risen to about US$4.3 billion, with charter coverage reportedly at 100% for 2026 and 87% for 2027. That increased backlog directly reinforces the short term catalyst of earnings stability, but it also connects to the longer term concern that investors may be assuming these high contracted levels and margins can persist even as the broader container and LNG markets evolve. Yet behind the comfort of a US$4.3 billion backlog, investors should still be aware of how quickly earnings could reset once... Read the full narrative on Danaos (it's free!) Danaos’ narrative projects $915.2 million revenue and $381.3 million earnings by 2028. Uncover how Danaos' forecasts yield a $104.00 fair value, in line with its current price. Two fair value estimates from the Simply Wall St Community span roughly US$104 to about US$173 per share, underlining how differently you can interpret Danaos. Set that against the reliance on a large, time limited contract backlog and you start to see why it pays to compare several views before deciding how resilient the story really is. Explore 2 other fair value e...

Find your next quality investment with Simply Wall St's easy and powerful screener, trusted by over 7 million individual investors worldwide. Danaos (DAC) is back in focus after its fourth quarter earnings topped analyst expectations on both earnings and revenue, alongside a larger contracted revenue backlog and fresh moves into LNG and bond financing. See our latest analysis for Danaos. The latest earnings beat, dividend affirmation and moves into LNG and bond financing come against a backdrop of steady share price momentum. A 90 day share price return of 11.86% and a 1 year total shareholder return of 33.24% point to strengthening sentiment over both the short and long term. If Danaos has you thinking about where else capital intensive themes could play out, take a look at our screener of 87 nuclear energy infrastructure stocks as another way to find infrastructure linked opportunities. With DAC trading at $106.28 against an analyst price target of $98 and an intrinsic value estimate suggesting a 39% discount, you have to ask: is this still an undervalued cash generative shipowner, or is the market already pricing in future growth? Analysts following Danaos see fair value at $104, a touch below the last close at $106.28, and they are leaning on a detailed earnings and margin roadmap to justify that stance. The company's strong backlog of $3.6 billion, supported by an average charter duration of 3.8 years and high contract coverage (99% for 2025 and 88% for 2026), provides revenue stability and visibility, reducing the risk of sharp declines in earnings even if spot charter markets become weaker. Disciplined capital allocation and a strategic focus on securing long-term charters for modern, larger vessels position Danaos to benefit from global trends favoring fuel-efficient and larger container ships, supporting sustained fleet utilization and robust net margins. Read the complete narrative. Curious how a shrinking top line, resilient margins and a lower future P/E than the wider shipping group still add up to that fair value? The full narrative lays out the earnings glide path, the margin assumptions, and the discount rate that hold this entire $104 figure together. Result: Fair Value of $104 (OVERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, that overvaluation case can crack if Danaos continues to use it...

This article first appeared on GuruFocus. Adjusted EPS: $7.14 per share for Q4 2025, compared to $6.93 per share for Q4 2024. Adjusted Net Income: $131.2 million for Q4 2025, compared to $133.3 million for Q4 2024. Total Contract Revenue: Increased to $4.3 billion. Liquidity: $1.4 billion at year-end 2025. Operating Revenues: Increased by $8.1 million. Vessel Operating Expenses: $48.4 million for Q4 2025, up from $54.6 million in Q4 2024. Daily Operating Costs: $6,377 per vessel per day for Q4 2025, compared to $6,135 per vessel per day in Q4 2024. G&A Expenses: Increased to $28.4 million for Q4 2025, from $21.7 million in Q4 2024. Interest Expense: $13.4 million for Q4 2025, up from $9.2 million in Q4 2024. Interest Income: $8.5 million for Q4 2025, compared to $3.9 million for Q4 2024. Adjusted EBITDA: $190 million for Q4 2025, up from $189.7 million in Q4 2024. Net Debt: $141 million as of December 30, 2025. Dividend Declared: $0.90 per share for Q4 2025. Share Repurchase Program: $65 million remaining authority under the $300 million program. Warning! GuruFocus has detected 5 Warning Signs with VSTS. Is DAC fairly valued? Test your thesis with our free DCF calculator. Release Date: February 10, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Danaos Corp (NYSE:DAC) has secured long-term employment for its vessels, increasing total contract revenue to $4.3 billion, providing strong earnings visibility. The company completed a $500 million unsecured bond offering at a competitive 6.875% coupon, diversifying its capital structure. Danaos Corp (NYSE:DAC) has a strong liquidity position with $1.4 billion in liquidity, allowing for flexibility in capital deployment. The company is expanding into the energy sector, becoming a strategic investor in the Alaska LNG project, which offers new revenue opportunities. Danaos Corp (NYSE:DAC) reported an increase in adjusted EBITDA to $190 million, reflecting stable financial performance. Adjusted net income decreased by $2.1 million compared to the previous year, primarily due to increased operating costs and lower dividend income. Operating costs increased due to a larger fleet, with daily operating costs rising to $6,377 per vessel per day. General and administrative expenses rose by $6.7 million, mainly due to incremental stock and cash bonus awards. Interest e...

Management cited sustained demand for midsize container vessels and secured long-term employment, raising total contract revenue backlog to EUR 4.3 billion with contract coverage of 100% for 2026, 87% for 2027 and 64% for 2028. Danaos is investing in modern tonnage—ordering 6,180 TEU and 4,530 TEU containerships plus a 211,000 dwt Newcastlemax newbuild for 2028–2029 (with 10‑year charters on four vessels)—and has become a strategic investor in the Alaska LNG project tied to potential long‑term LNG shipping demand. Q4 adjusted EPS was EUR 7.14 (adjusted net income EUR 131.2m) with Adjusted EBITDA of EUR 190.0m; liquidity and leverage remain strong with EUR 1.0bn cash, net debt of EUR 141m (~0.2x net debt/EBITDA), a quarterly dividend of EUR 0.0090 per share and EUR 65m remaining buyback authorization. Interested in Danaos Corporation? Here are five stocks we like better. Spotlight on ZIM: Take Advantage of Shipping Stock Upside Danaos (NYSE:DAC) management emphasized strong demand for midsize container vessels and a growing revenue backlog as it discussed results for the three-month period ended December 31, 2025. Chief Executive Officer Dr. John Coustas said container volumes have reached record highs as businesses continue adapting to geopolitical disruptions, with major liners still largely avoiding the Suez Canal and trade patterns becoming more “multipolar.” Coustas said concerns that tariff and geopolitical uncertainty would trigger a U.S. slowdown “has not materialized,” while AI-related investment optimism and record Chinese exports have supported container demand. Against this backdrop, he said demand for midsize vessels has remained “very strong.” → Once Upon A Farm: Buy the $1B Growth Story? Danaos Benefits from Increasing Demand in Container Shipping He added that Danaos is continuing its strategy of securing long-term employment through forward fixtures, including extensions and new charters “even for late 2027 deliveries.” As of quarter-end, management said total contract revenue rose to EUR 4.3 billion, which Coustas said provides earnings visibility and comfort in managing potential future market developments. Management said the company continues to invest in modern tonnage, including orders for 6,180 TEU vessels, 4,530 TEU vessels, and 211,000 deadweight Newcastlemax dry bulk vessels for delivery in 2028 and 2029. Coustas said Danaos has sec...