Research analysts who have asked questions during Danaos earnings calls.
Recent press releases and 8-K filings for DAC.
Danaos Corporation Announces Strategic Partnership with Glenfarne Group for Alaska LNG Project
DAC
New Projects/Investments
M&A
- Danaos Corporation has announced a strategic partnership with Glenfarne Group to advance the Alaska LNG Project.
- As part of the partnership, Danaos will make a $50 million development capital equity investment in Glenfarne Alaska Partners LLC.
- Danaos will also serve as the preferred tonnage provider to construct and operate at least six LNG carriers to deliver LNG for the project.
- This initiative expands Danaos' expertise in global seaborne transportation and its footprint in the LNG and Energy segments, supporting a project designed to export 20 million tonnes per annum (MTPA) of LNG.
Jan 20, 2026, 9:15 PM
Danaos Corporation Announces Strategic Partnership for Alaska LNG Project
DAC
New Projects/Investments
- Danaos Corporation has announced a strategic partnership with Glenfarne Group LLC to advance the Alaska LNG project.
- As part of the partnership, Danaos will make a $50 million development capital equity investment in Glenfarne Alaska Partners LLC.
- Danaos will also serve as the preferred tonnage provider to construct and operate at least six LNG carriers for the project.
- The Alaska LNG project, majority-owned by Glenfarne, aims to export 20 million tonnes per annum (MTPA) of LNG in its second phase.
Jan 20, 2026, 9:00 PM
Danaos Partners with Glenfarne to Advance Alaska LNG Project
DAC
New Projects/Investments
- Danaos Corporation (NYSE: DAC) has formed a strategic partnership with Glenfarne Group to advance the Alaska LNG Project.
- Under the agreement, Danaos will facilitate the construction and operation of at least six LNG carriers and make a $50 million development capital investment to support the project.
- This partnership provides Danaos with an opportunity to expand its expertise in global seaborne transportation and grow its presence in the LNG and Energy segments.
Jan 20, 2026, 9:00 PM
Danaos Corp Reports Q3 2025 Revenue and EPS Growth, Announces Debt Offering and Fleet Expansion
DAC
Earnings
Debt Issuance
New Projects/Investments
- Danaos Corp reported Q3 2025 operating revenues of $260.7 million, an increase of 1.8% from Q3 2024, with basic earnings per share (EPS) rising to $7.14 from $6.36 in the same period last year. For the nine months ended September 30, 2025, operating revenues increased by 2.7% to $776.2 million, and Adjusted EBITDA was $529.334 million.
- The company completed an offering of $500.0 million in 6.875% senior unsecured notes due 2032 in October 2025, with proceeds intended for debt redemption and general corporate purposes. Total debt as of September 30, 2025, was $760.911 million (actual), increasing to $1,298.131 million on an as-adjusted basis to reflect the new notes and an $80.0 million JOLCO Facility.
- Danaos Corp declared a quarterly dividend of $0.90 per share on November 17, 2025. The company also repurchased 763,429 shares for $60.5 million in the nine months ended September 30, 2025, under an upsized $300.0 million share repurchase program.
- As of September 30, 2025, Danaos Corp had 18 container vessels under construction with an aggregate purchase price of $1,684.6 million, and remaining contractual commitments of $1,317.0 million. The company also agreed to commission six newbuilding container vessels with expected deliveries from 2027 through 2029, securing 10-year charters for four of them.
Nov 18, 2025, 2:32 PM
Danaos Corporation Reports Q3 2025 Results, Increases Dividend, and Strengthens Backlog
DAC
Earnings
Dividends
Debt Issuance
- Danaos Corporation reported adjusted EPS of $6.75 per share and adjusted net income of $124.1 million for Q3 2025, with adjusted EBITDA increasing by 1.5% to $181.6 million compared to Q3 2024.
- The company announced an increase in its quarterly dividend to $0.90 per share and completed a $500 million unsecured seven-year bond offering with a 6.85% coupon to redeem existing debt and prepay bank credit facilities.
- Danaos added six new 1,800 TEU vessels to its order book, securing $236 million in contracted revenue backlog, contributing to a total contracted charter backlog of $4.1 billion with a 4.3-year average charter duration.
- As of September 30, 2025, the company maintained a strong financial position with net debt of $165 million and $596 million in cash, while continuing its $300 million stock buyback program with $86.4 million remaining authority.
- Management noted a robust charter market with high demand for mid-size and larger vessels and continued opportunistic investments in the dry bulk Capesize market segment.
Nov 18, 2025, 2:00 PM
Danaos Reports Q3 2025 Results, Announces Dividend Increase and Bond Offering
DAC
Earnings
Debt Issuance
Dividends
- Danaos Corporation reported Q3 2025 adjusted EPS of $6.75 and adjusted net income of $124.1 million, with adjusted EBITDA increasing 1.5% to $181.6 million compared to Q3 2024.
- The company's contracted charter backlog reached $4.1 billion with a 4.3-year average charter duration, providing 100% coverage for 2025, 95% for 2026, and 71% for 2027.
- Danaos completed a $500 million unsecured seven-year bond offering at a 6.85% coupon to refinance existing debt. As of September 30, 2025, net debt stood at $165 million and total liquidity at $971 million.
- Strategic initiatives include adding six 1,800 TEU vessels to its order book with secured 10-year charters for four of them, contributing approximately $236 million to the revenue backlog, and increasing the quarterly dividend to $0.90 per share. The company also has $86.4 million remaining under its stock repurchase program.
Nov 18, 2025, 2:00 PM
Danaos Reports Q3 2025 Results, Increases Dividend, and Expands Fleet
DAC
Earnings
Dividends
New Projects/Investments
- Danaos Corporation reported adjusted EPS of $6.75 per share and adjusted net income of $124.1 million for the third quarter of 2025, with adjusted EBITDA increasing by 1.5% to $181.6 million.
- The company increased its quarterly dividend to $0.90 per share and completed a $500 million unsecured seven-year bond offering with a 6.85% coupon to refinance existing debt.
- Danaos added six 1,800 TEU vessels to its order book with scheduled deliveries between 2027 and 2029, securing 10-year charters for four of these vessels, which will contribute approximately $236 million to its contracted revenue backlog. The total contracted charter backlog now stands at $4.1 billion with a 4.3-year average charter duration.
- The company continues to execute its share repurchase program, with $86.4 million remaining under its $300 million authority, and noted a robust charter market with high demand for mid-size and larger vessels.
Nov 18, 2025, 2:00 PM
DAC Reports Q3 2025 Financial and Operational Results
DAC
Earnings
Debt Issuance
Share Buyback
- For Q3 2025, DAC reported Operating Revenues of $260.7 million, Adjusted EBITDA of $181.6 million, and Adjusted Diluted EPS of $6.75. For the nine months ended September 30, 2025, Operating Revenues were $776.2 million, Adjusted EBITDA was $529.3 million, and Adjusted Diluted EPS was $19.14.
- As of September 30, 2025, the company maintained a strong capital structure with a Net Debt / LTM 3Q 2025 Adjusted EBITDA ratio of 0.23x and $971 million in total liquidity.
- In October 2025, DAC issued $500 million of 6.875% senior unsecured notes due 2032 to refinance existing debt. The company also repurchased 3,022,527 shares for $213.6 million under its share repurchase program.
- DAC has a charter backlog of $4.1 billion through 2038 and high operating days contract coverage of 100% for 2025, 95% for 2026, and 71% for 2027. The company is expanding its fleet with 23 newbuilding containerships (8 delivered) and re-entered the dry bulk segment with the acquisition of 10 Capesize bulk carriers.
Nov 18, 2025, 2:00 PM
Danaos Corporation Reports Q3 and Nine Months 2025 Results
DAC
Earnings
Dividends
Share Buyback
- Danaos Corporation reported Operating Revenues of $260.7 million for the three months ended September 30, 2025, with Net Income of $130.6 million and diluted Earnings per Share of $7.11.
- As of September 30, 2025, the company maintained strong liquidity with $971.4 million in total cash liquidity & marketable securities and reduced its Net Debt to $164.5 million, resulting in a Net Debt / LTM Adjusted EBITDA ratio of 0.23X.
- The company expanded its orderbook with eight newbuilding containerships in September and November 2025, securing long-term charters that added $376 million to its contracted revenue backlog, which now stands at $4.1 billion.
- Danaos declared a $0.90 per share dividend for Q3 2025 and repurchased 3,022,527 shares for $213.6 million under its share repurchase program. Additionally, it completed a $500.0 million unsecured bond offering in October 2025 to refinance debt and for general corporate purposes.
Nov 17, 2025, 9:30 PM
Danaos Corporation issues $500 million senior notes
DAC
Debt Issuance
- Danaos Corporation closed an offering of $500 million aggregate principal amount of its 6.875% senior notes due 2032 on October 16, 2025.
- The net proceeds from this offering will be used to redeem $262.8 million of 8.500% Senior Notes due 2028, repay a $130 million Secured Credit Facility, and a $55.25 million Secured Credit Facility, as well as cover refinancing costs and for general corporate purposes.
- The new notes bear interest at 6.875% per year, payable semi-annually on March 1 and September 1, commencing March 1, 2026, and will mature on October 15, 2032.
- The notes include optional redemption provisions, allowing for early redemption at 106.875% of the principal amount plus accrued interest prior to October 15, 2028, under certain conditions, or at 100% plus an Applicable Redemption Premium. On or after October 15, 2028, and prior to maturity, redemption prices are 103.438% in 2028, 101.719% in 2029, and 100.000% in 2030 and thereafter.
Oct 16, 2025, 8:15 PM
Quarterly earnings call transcripts for Danaos.
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