NYSE$DAC
Danaos Corp · Q1 2026 earnings
Q1 2026 earnings · · After market close · Investor relations
Briefing
Danaos Q1 2026: $253.7M revenue, $140.4M net income on drybulk strength and SBLK gain
Danaos Corporation reported Q1 2026 operating revenues of $253.7 million, up slightly from $253.3 million a year ago, with a mixed fleet performance across container and drybulk segments. Container revenues fell 2.8% to $229.6 million on lower charter rates and non-cash revenue recognition, while drybulk revenues surged 40.9% to $24.1 million as time-charter equivalent rates jumped to $24,825/day from $10,513/day. Net income rose 22% to $140.4 million from $115.1 million, boosted by a $23.5 million fair-value gain on Star Bulk Carriers shares and $2.3 million in dividend income, partially offset by higher G&A and drydocking amortization. Diluted EPS was $7.70 versus $6.13. Operating income was $125.2 million, vessel operating expenses declined to $50.0 million, and cash stood at $876.2 million at March 31. The company repaid $262.8 million of 8.5% senior notes and drew $271.0 million under new JOLCO facilities while maintaining $4.06 billion of contracted charter revenues.
- Operating revenues were $253.7M (+0.2% YoY); container segment $229.6M (-2.8%) and drybulk $24.1M (+40.9%).
- Net income rose to $140.4M from $115.1M; diluted EPS $7.70 vs $6.13; no income tax expense in the quarter.
- Drybulk TCE improved to $24,825/day from $10,513/day, though fleet utilization fell to 82.0% from 92.4%.
- Gain on Star Bulk investment was $23.5M with $2.3M dividend income; cash and equivalents were $876.2M.
- Contracted revenues totaled $4.06B; company declared a $0.90/share dividend payable June 4, 2026.
Headline financials
Revenue & EPS history
Danaos · Revenue · Quarterly
AR$254M
Revenue by segment
Danaos · AR$847B total across 3 segments · Q1 2026
- Electricity distribution and salesAR$847B—100.0%
- Container vesselsAR$230M—0.0%
- Drybulk vesselsAR$24.1M—0.0%
Forward guidance
Management highlighted $734.9M of contracted revenues for the remainder of 2026 and continued newbuilding deliveries, with four JOLCO facilities expected fully drawn by end of Q2 2026.
Tailwinds
- Drybulk rate recovery and $4.06B contracted revenue backlog
- Strong liquidity with $876.2M cash and additional credit availability
Headwinds
- Container charter rates and non-cash revenue recognition remain headwinds
- Geopolitical and tariff risks could affect container demand
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2026
+1.8%
Avg return
Earnings day
+3.1%
Avg return
5 days after
-1.6%
Avg return
30 days after
59%
38 / 64 earnings
Positive
+31.7%
Q2 2020
Best reaction
-13.8%
Q1 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.7% | -1.1% | -0.9% | |
| Q4 2025 | +1.9% | +4.9% | +5.8% | |
| Q3 2025 | +1.0% | -1.9% | -1.6% | |
| Q2 2025 | +0.8% | +2.5% | +1.7% | |
| Q4 2024 | +4.0% | +3.7% | -2.7% | |
| Q3 2024 | +6.1% | +5.7% | -2.7% | |
| Q2 2024 | -1.7% | -2.0% | -3.6% | |
| Q1 2024 | +1.0% | +6.8% | +2.2% | |
| Q4 2023 | -4.6% | -5.8% | -7.9% | |
| Q3 2023 | +6.4% | +7.7% | +6.8% | |
| Q2 2023 | +2.6% | +2.1% | -5.2% | |
| Q1 2023 | +9.0% | +9.0% | +15.3% | |
| Q4 2022 | -3.8% | +0.0% | -10.0% | |
| Q3 2022 | -3.1% | +1.6% | -14.7% | |
| Q2 2022 | +4.3% | +3.9% | -5.3% | |
| Q1 2022 | -1.1% | +2.3% | -10.9% | |
| Q4 2021 | +0.9% | +3.4% | -2.5% | |
| Q3 2021 | +6.8% | +4.4% | +2.1% | |
| Q2 2021 | +2.7% | +5.7% | +29.2% | |
| Q1 2021 | -13.8% | -11.3% | +3.2% | |
| Q4 2020 | +6.6% | +5.5% | +32.7% | |
| Q3 2020 | +5.2% | +32.6% | +57.8% | |
| Q2 2020 | +31.7% | +34.0% | +34.0% | |
| Q1 2020 | +8.4% | +8.4% | +11.0% | |
| Q4 2019 | +5.2% | +14.9% | -24.0% | |
| Q3 2019 | +15.3% | +5.3% | -36.9% | |
| Q2 2019 | -5.8% | -8.4% | -8.5% | |
| Q1 2019 | +0.7% | +26.4% | -4.1% | |
| Q4 2018 | +3.2% | +7.2% | +9.6% | |
| Q3 2018 | +5.7% | +2.8% | -18.9% | |
| Q2 2018 | +0.0% | -22.6% | -30.3% | |
| Q1 2018 | +0.0% | -15.4% | -31.2% | |
| Q4 2017 | +3.8% | +3.8% | -2.3% | |
| Q3 2017 | +6.7% | +0.0% | +0.0% | |
| Q2 2017 | +2.5% | -10.0% | -17.5% | |
| Q1 2017 | +12.0% | +4.0% | +32.0% | |
| Q4 2016 | -1.9% | -3.8% | -32.1% | |
| Q3 2016 | +0.0% | -5.2% | -8.6% | |
| Q2 2016 | +0.7% | +1.2% | -24.4% | |
| Q1 2016 | -3.7% | — | — | |
| Q4 2015 | +3.0% | — | — | |
| Q3 2015 | -1.8% | — | — | |
| Q2 2015 | +1.8% | — | — | |
| Q1 2015 | -1.2% | — | — | |
| Q4 2014 | -3.9% | — | — | |
| Q3 2014 | +12.1% | — | — | |
| Q2 2014 | -1.2% | — | — | |
| Q1 2014 | +3.4% | — | — | |
| Q4 2013 | +4.0% | — | — | |
| Q3 2013 | +6.7% | — | — | |
| Q2 2013 | -6.7% | — | — | |
| Q1 2013 | +6.3% | — | — | |
| Q4 2012 | +5.2% | — | — | |
| Q3 2012 | +2.3% | — | — | |
| Q2 2012 | -1.5% | — | — | |
| Q1 2012 | -3.8% | — | — | |
| Q4 2011 | +3.7% | — | — | |
| Q3 2011 | -11.1% | — | — | |
| Q2 2011 | -3.4% | — | — | |
| Q1 2011 | -9.5% | — | — | |
| Q4 2010 | -0.5% | — | — | |
| Q3 2010 | -1.7% | — | — | |
| Q2 2010 | -1.7% | — | — | |
| Q1 2009 | +2.8% | — | — |
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