Danaos (DAC)
NYSE:DAC
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Earnings Data
Report Date
Aug 10, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
6.8Last Year’s EPS
6.36Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a predominantly positive operational and financial picture: key profitability metrics (adjusted net income and adjusted EBITDA) improved, drybulk TCEs surged, operating costs fell, liquidity is strong and leverage is low, and management is pursuing accretive growth (newbuilds, LNG interest). Offsetting items include pressure on containership revenues, higher G&A and interest expense, slightly reduced backlog vs. the prior quarter and geopolitical/operational risks. Overall, the positives (profitability, liquidity, low leverage, strategic expansion) outweigh the negatives, which are manageable in the near term.Company Guidance
Improved Adjusted Earnings and Profitability
Adjusted EPS of $6.72 and adjusted net income of 122.5 million, an increase of 9.1 million (≈+8.0% YoY). Adjusted EBITDA increased 5.2% (+$8.9 million) to $180.6 million from $171.7 million.
Strong Drybulk Market Performance
Drybulk time charter equivalent (TCE) earnings averaged $24.8k/day this quarter versus ~$10.5k/day in the prior-year quarter (≈+136%), prompting an order expansion of 4 Newcastlemaxes for 2028 delivery.
Operating Cost Efficiency
Total vessel operating expenses declined by $1.7 million to $50.0 million (≈-3.3% YoY). Daily vessel operating cost fell to $6.68k/day from $7.03k/day (≈-5.0%), with repairs & maintenance reductions cited.
Strong Liquidity and Low Leverage
Net debt stood at 170 million (net debt / adjusted EBITDA = 0.2x). Cash of €900 million and total liquidity of €1.3 billion (including revolver and marketable securities) provide balance sheet flexibility.
Robust Contracted Backlog and Fleet Growth
Containership contracted revenue backlog of $4.1 billion with a 4.2-year average charter duration; contract coverage 100% for remainder of 2026, 88% for 2027 and 65% for 2028. Management added $120 million to backlog since the last release and has a pro forma fleet including newbuild orders (2x ~5k TEU for 2027 and 4 Newcastlemaxes for 2028).
Shareholder Returns and Capital Deployment Capacity
Declared dividend of $0.90 per share. $300 million buyback program active with $65 million of repurchase authority remaining. Management signals capacity to pursue accretive opportunities given liquidity and low leverage.
Strategic Positioning in Energy/LNG
Management highlighted increased focus on the energy sector (LNG), referencing recent investments (stake in ZIM, Alaska LNG project) as strategic diversification into transportation and production that could provide future upside.
DAC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
DAC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 11, 2026 | $133.34 | $132.83 | -0.38% |
Feb 09, 2026 | $102.16 | $104.10 | +1.90% |
Nov 18, 2025 | $94.72 | $92.89 | -1.93% |
Aug 04, 2025 | $89.92 | $90.39 | +0.52% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Danaos (DAC) report earnings?
Danaos (DAC) is schdueled to report earning on Aug 10, 2026, After Close (Confirmed).
What is Danaos (DAC) earnings time?
Danaos (DAC) earnings time is at Aug 10, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DAC EPS forecast?
DAC EPS forecast for the fiscal quarter 2026 (Q2) is 6.8.