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MPC Container Ships ASA (MPZZF)
OTHER OTC:MPZZF
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Earnings Data
Report Date
Feb 25, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.11Last Year’s EPS
0.18Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 30, 2018
|% Change Since: -19.60%
|Next Earnings Date:Aug 31, 2018
Earnings Call Sentiment|Positive
The earnings call conveyed a positive overall sentiment with strong financial and operational performance, strategic fleet acquisitions, and effective capital allocation, despite some market uncertainties and increased net debt.Company Guidance
During the Q3 2024 earnings call for MPC Container Ships, several key metrics and strategic actions were highlighted by the executives. The company reported an adjusted EBITDA of USD 78 million, maintaining consistency with previous quarters. The charter backlog increased by over 30% since the beginning of the year, now standing at USD 1.2 billion, with strong coverage for the years 2025 and 2026 at 85% and 57% of open days, respectively. A USD 125 million unsecured sustainability-linked bond was successfully placed, enhancing investment capacity. The acquisition of four modern 3,800 TEU eco-vessels and securing long-term charters with Hapag-Lloyd significantly boosted the fleet portfolio. Despite a slight reduction in cash by USD 26 million due to dividend payments, asset acquisition, and newbuild deliveries, the company maintained a low leverage ratio of 19% and declared a quarterly dividend of $0.10, marking its 12th consecutive dividend. The company's financial strategy included maintaining more than 41 ships debt-free, representing 66% of its vessel portfolio, and actively engaging in fleet optimization and sustainability initiatives.Strong Financial and Operational Performance
Adjusted EBITDA for Q3 2024 was USD 78 million, consistent with previous quarters. The charter backlog increased by over 30% since the beginning of the year, reaching USD 1.2 billion.
Successful Bond Issuance and Fleet Acquisition
MPCC issued a heavily oversubscribed USD 125 million unsecured sustainability-linked bond and acquired 4 modern 3,800 TEU eco-vessels, securing long-term charters and enhancing the fleet composition.
Favorable Market Conditions
The container and chartering markets remain favorable, with continued strong rates and durations. The company declared a quarterly dividend of $0.10, marking the 12th consecutive dividend and totaling USD 937 million over three years.
Fleet Utilization and Operational Efficiency
Fleet utilization exceeded 97% for the quarter, and operational expenses normalized after previous quarter's one-off effects.
Sustainability Initiatives
Issued a USD 125 million unsecured sustainability-linked bond and updated climate targets for 2030, with significant investments in fuel-efficient and dual-fuel newbuildings.
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MPZZF 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
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MPZZF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 26, 2024 | $1.99 | $1.98 | -0.50% |
| Aug 28, 2024 | $2.10 | $1.81 | -13.81% |
| May 28, 2024 | $1.59 | $1.69 | +6.29% |
| Feb 27, 2024 | $1.10 | $1.04 | -5.45% |
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.
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FAQ
When does MPC Container Ships ASA (MPZZF) report earnings?
MPC Container Ships ASA (MPZZF) is schdueled to report earning on Feb 25, 2025, TBA Not Confirmed.
What is MPC Container Ships ASA (MPZZF) earnings time?
MPC Container Ships ASA (MPZZF) earnings time is at Feb 25, 2025, TBA Not 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 MPZZF EPS forecast?
MPZZF EPS forecast for the fiscal quarter 2024 (Q4) is 0.11.
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