Global Ship Lease (GSL)
NYSE:GSL
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Earnings Data
Report Date
Jul 30, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
2.45Last Year’s EPS
2.62Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong financial resilience: sizable forward contracted revenues, full 2026 coverage, a near net-zero debt position, meaningful deleveraging (debt down from $950M to < $700M and leverage down from 8.4x to 0.3x), a healthy cash balance, an attractive dividend (~6% yield), and disciplined capital allocation including monetization of old assets (3 ships for $52M with an estimated $25M book gain). These positives outweigh the substantial external risks highlighted—notably geopolitical disruptions in the Red Sea and Strait of Hormuz, the humanitarian issue of ~20,000 seafarers trapped, limited scrapping/idle capacity keeping older ships employed, and near-term market uncertainty that could shorten charter durations. Management’s strategy of patience, deleveraging and preserving dry powder positions the company to capitalize on opportunities while mitigating downside, leading to a constructive but watchful tone.Company Guidance
Strong Forward Contracted Revenues and Coverage
Contracted revenues of over $2.0 billion (management cited $2.1 billion in one place) with roughly 2.6–2.8 years of contract cover. Revenue days are 100% covered for 2026 and ~86% covered for 2027, providing strong forward visibility.
Robust Cash Position and Near Net-Zero Debt
Total cash of $655 million (of which $156 million is restricted), which on paper brings the company almost to net-zero debt. Unrestricted cash is roughly $499 million to support covenants, CapEx and opportunistic investments.
Deleveraging Progress
Outstanding debt reduced from $950 million at end-2022 to under $700 million today and on track to be well below $600 million by year end. Financial leverage has fallen materially from 8.4x in 2018 to ~0.3x today.
Dividend and Capital Return
Company pays an annualized dividend of $2.50 per share, implying a yield of approximately 6% based on the prior close, reflecting continued shareholder distributions despite market uncertainty.
Fleet Monetizations with Attractive Economics
Agreed forward sales of 3 older vessels for an aggregate price of $52 million, expected to unlock an estimated book gain of ~$25 million while retaining charter cash flows until delivery (ships to be delivered between Q4 2026 and Q4 2027).
Low Breakeven and High Operating Leverage
Average daily breakeven rate is just above $9,800 per ship; management emphasizes operating leverage such that most revenues above the breakeven translate directly to the bottom line.
Favorable Market Positioning by Vessel Size
Strategic focus on 2,000–10,000 TEU containerships (with preference toward 6,000–10,000 TEU for renewal). Sub-10k TEU order book to fleet ratio is ~20%, highlighting less newbuilding inflow versus larger segments.
Resilience and Optionality Emphasized
Management highlights a 'fortress' balance sheet, disciplined capital allocation (deleverage, dividends, selective fleet renewal), and dry powder for opportunistic purchases, indicating a conservative, value-focused approach.
GSL 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
GSL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 22, 2026 | $40.31 | $38.02 | -5.69% |
Mar 05, 2026 | $39.60 | $37.93 | -4.23% |
Nov 10, 2025 | $30.13 | $32.97 | +9.40% |
Aug 05, 2025 | $26.72 | $27.25 | +1.99% |
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 Global Ship Lease (GSL) report earnings?
Global Ship Lease (GSL) is schdueled to report earning on Jul 30, 2026, Before Open (Confirmed).
What is Global Ship Lease (GSL) earnings time?
Global Ship Lease (GSL) earnings time is at Jul 30, 2026, Before Open (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 GSL EPS forecast?
GSL EPS forecast for the fiscal quarter 2026 (Q2) is 2.45.