Danaos Corp (NYSE:DAC)

Q1 2026 Danaos Corp Earnings Call Transcript

May 12, 2026 / 01:00 PM GMT

Release Date Price: $132.83 (-0.38%)

Transcript

Key Points

Positve

Danaos Corp (DAC) reported an increase in adjusted EPS to $6.72 per share, up from $6.04 per share in the first quarter of 2025.
The company has a strong contracted revenue backlog of $4.1 billion with a 4.2-year average charter duration.
Danaos Corp (DAC) has a significant liquidity position with $1.3 billion, providing flexibility for future investments.
The dry bulk market has improved considerably, with time charter equivalent earnings increasing significantly.
Danaos Corp (DAC) maintains competitive operating costs, with vessel operating expenses dropping despite an increase in fleet size.

Negative

Operating revenues of the container ship fleet decreased by $6.6 million due to lower contracted charter rates and non-cash U.S. GAAP revenue recognition.
G&A expenses increased by $2.4 million, driven by higher management fees and corporate expenses.
Interest expense increased by $1.7 million due to higher average indebtedness.
The company's revenue backlog decreased slightly from $4.3 billion in the previous quarter.
Danaos Corp (DAC) is cautious about continuing share buybacks due to the stock reaching all-time highs, despite believing it is undervalued.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

DAC.N - Danaos Corp
Q1 2026 Danaos Corp Earnings Call
May 12, 2026 / 01:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good day and welcome to Denos Corporation conference call to discuss the financial results for the three-month ended March 31st, 2026. As a reminder, today's call is being recorded. Hosting the call today is Dr. John Koustos, Chief Executive Officer of Denos Corporation. And Mr. Ivan Gulos Hedzis, Chief Financial Officer of Dinos Corporation.

Dr. Coustos and Mrs. Hedzis will be making some introductory comments and we will be open the call for question-and-answer session.

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Unidentified_2 [2]
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Thank you, operator. Good morning, everyone, and thank you for joining us

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