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Danaos (DAC)
NYSE:DAC
Earnings Data
Report Date
May 18, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
―Last Year’s EPS
6.04Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
Overall the call presents a positive strategic and financial position: the company strengthened its contracted backlog to $4.3 billion with strong contract coverage, executed attractive financing, maintained robust liquidity ($1.4 billion) and low net leverage (net debt / EBITDA 0.2x), and announced sizeable shareholder returns (a $90 per share dividend and buyback program). The primary negatives were modest year-over-year decline in adjusted net income (~1.6%), rising operating and G&A costs (G&A +30.9%), higher interest expense due to increased indebtedness, and only marginal EBITDA growth (+0.2%). Management’s decision to keep certain dry bulk vessels exposed to spot/index markets adds potential earnings volatility. On balance, the positives (backlog, liquidity, financing, fleet orders, and shareholder returns) outweigh the operational and cost-related headwinds.Company Guidance
Contract Backlog and Coverage Expansion
Total contract revenue/backlog increased to $4.3 billion with a 4.3-year average charter duration. Contract coverage stood at 100% for 2026, 87% for 2027 and 64% for 2028 (in terms of operating days), improving forward revenue visibility.
Fleet Orders and Long-Term Charters
Ordered six 1,800 TEU container vessels, four 5,300 TEU vessels, and two 211,000 dwt Newcastle MAX dry bulk vessels for 2028–2029 delivery; ten-year charters secured for four of the newbuilds.
Strong Liquidity and Conservative Leverage
Year-end cash of $1.0 billion and total liquidity of $1.4 billion (including RCF availability and marketable securities). Net debt was $141 million, translating to net debt / adjusted EBITDA of 0.2x; 61 of 85-vessel fleet unencumbered and debt-free.
Attractive Financing Execution
Completed a seven-year €500 million unsecured bond issuance at a 6.875% coupon — highlighted as one of the most competitively priced unsecured shipping bonds of that tenor, diversifying capital sources.
Adjusted EPS and Adjusted EBITDA
Adjusted EPS was $7.14 per share (vs. $6.93 prior), representing ~3.0% increase in EPS. Adjusted EBITDA was $190.0 million, up $0.3 million or 0.2% year-over-year.
Revenue Drivers and Fleet Utilization
Operating revenues increased by $8.1 million versus prior period. Contributions included $5.2 million from an expanded containership fleet, $10.5 million from higher fleet utilization, and $2.2 million from higher dry bulk charter income.
Shareholder Returns and Capital Actions
Declared a dividend of $90 per share for the quarter and continue executing a $300 million share repurchase program with $65 million remaining authority.
Strategic Energy Investments
Became a strategic investor in the Alaska LNG project (planned ~20 mtpa). Management expects project completion timing around 2030 with an estimated 6–10 ships required and potential ~20-year employment for project-related charters.
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 |
|---|---|---|---|
Feb 09, 2026 | $103.00 | $104.96 | +1.90% |
Nov 18, 2025 | $95.50 | $93.66 | -1.93% |
Aug 04, 2025 | $90.66 | $91.13 | +0.52% |
May 13, 2025 | $86.31 | $83.16 | -3.65% |
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 May 18, 2026, After Close (Confirmed).
What is Danaos (DAC) earnings time?
Danaos (DAC) earnings time is at May 18, 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?
Currently, no data Available