Danaos Corporation Earnings Recaps
Q1 2026
May 13, 2026
Danaos shares declined 0.7% following the quarterly report, reflecting investor caution despite modest earnings gains, driven by continued pressures from lower containership charter rates and non-cash revenue recognition headwinds.
Key takeaways
- Adjusted EPS rose to $6.72 from $6.04 year-over-year, with adjusted net income improving by $9.1 million to $122.5 million.
- Containership segment revenues fell by $6.6 million due to lower contracted charter rates and a $7.2 million non-cash U.S. GAAP revenue recognition impact, partially offset by fleet additions and better utilization.
- Dry bulk fleet revenues increased $7 million, supported by a jump in time charter equivalent earnings to $24,825 per day from roughly $10,500.
- Operating expenses were reduced by $4.4 million overall, including vessel operating cost improvements despite fleet expansion.
- Interest expense rose by $1.7 million on higher average debt levels, partially offset by improved interest income from higher cash balances.
Q3 2025
Nov 19, 2025
Danaos Corporation delivered solid financial results for Q3 2025, with adjusted EPS of $6.75 and a robust charter market supporting continued growth and investment opportunities.
Key takeaways
- Adjusted net income slightly decreased to $124.1 million, driven by higher operating costs and a decrease in dividend income, despite a $4.5 million increase in operating revenues.
- Robust demand led to securing new charters extending into 2028, with six new vessels added to the order book contributing approximately $236 million to contracted revenue backlog.
- Successfully completed a $500 million unsecured bond offering at a competitive 6.85% coupon, enhancing financial flexibility for future investments.
- Quarterly dividend increased to $0.90 per share, aligning with the company's commitment to return value to shareholders.
- Maintained strong operating metrics with daily vessel operating costs remaining competitive in the industry.