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Global Ship Lease (DE:37H)
NYSE:37H
Earnings Data
Report Date
May 11, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
―Last Year’s EPS
2.28Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a predominantly positive financial and strategic picture: materially improved liquidity, significant deleveraging, lower borrowing costs, strong near-term contracted revenue and coverage, accretive fleet renewal at attractive prices, and continued shareholder returns. These positives are tempered by pronounced geopolitical and regulatory uncertainty (notably Red Sea and Strait of Hormuz disruptions), freight market volatility, and some near-term accounting/drivers (restricted cash increase and a non-cash SG&A valuation) that introduce caution. On balance, the company appears well-positioned to navigate the risks and to capitalize on opportunities, but external geopolitical and policy risks remain significant.Company Guidance
Strong forward contracted revenue and coverage
Forward contracted revenues of $2.24 billion with ~2.7 years of remaining contract cover; 99% contract coverage for 2026 and 81% for 2027, providing strong near-term visibility.
Material charter additions in 2025
Added 52 charters (including options) during 2025 and early 2026, representing $1.26 billion of additional contracted revenues (≈56% of current forward book), demonstrating strong charter market appetite.
Robust liquidity position
Cash balance of $637 million (of which $164 million is restricted), giving the company dry powder to act on opportunistic fleet renewals and to cover covenants and working capital.
Deleveraging and balance sheet transformation
Net debt profile improved materially: outstanding debt down from $950 million (end-2022) to under $700 million (end-2025) with a target well below $600 million by end-2026; leverage reduced from 8.4x in 2018 to 0.5x today.
Lower cost of debt and extended maturities
Blended cost of debt reduced from 7.56% in 2018 to 4.49% in 2025 (a ~3.07 percentage-point decline); latest $85 million refinancing extended average debt maturity to 4.5 years.
Dividend increases and shareholder returns
Quarterly dividend was raised in December 2025 to an annualized $2.50 per common share; management also notes opportunistic buybacks historically and a tripling of the share price over five years.
Accretive fleet renewal at attractive pricing
Acquisition in December of three 8,600 TEU, fuel-efficient sister ships for an aggregate $90 million (de-risked with below-market charters attached); aggregate scrap value ~ $40 million and long-term historic charter rates for similar vessels > $40,000/day.
Operational breakeven well below market
Daily breakeven rate is just over $9,800 per vessel per day, notably below current market/charter levels, giving strong margin protection.
One-time monetizations and realized gains
Realized a $46.2 million gain from the sale of four older ships in 2025, which funded much of the recent fleet renewal.
Favorable supply dynamics for targeted size segments
Orderbook pressure is concentrated in >10,000 TEU vessels (orderbook-to-fleet 55.5%); for sub-10,000 TEU vessels (company focus) orderbook-to-fleet is only 16.9%, limiting near-term competition for the company’s niche.
DE:37H 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
DE:37H Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Nov 10, 2025 | €26.56 | €26.46 | -0.37% |
Aug 05, 2025 | €23.15 | €23.97 | +3.53% |
May 19, 2025 | €20.44 | €20.69 | +1.18% |
Mar 05, 2025 | €18.86 | €18.51 | -1.87% |
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 (DE:37H) report earnings?
Global Ship Lease (DE:37H) is schdueled to report earning on May 11, 2026, Before Open (Confirmed).
What is Global Ship Lease (DE:37H) earnings time?
Global Ship Lease (DE:37H) earnings time is at May 11, 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 the P/E ratio of Global Ship Lease stock?
The P/E ratio of Global Ship Lease is N/A.
What is DE:37H EPS forecast?
Currently, no data Available