Danaos Posts Q4 EPS $7.14, $4.3B Backlog and $90 Dividend
Danaos posted Q4 adjusted EPS of $7.14 on $266 million revenue, delivering $131.2 million net income. The firm extended its contracted backlog to $4.3 billion, ordered 14 new vessels for 2028–29, invested in an Alaska LNG project, maintains $1.4 billion liquidity and declared a $90 per share dividend.
1. Q4 Earnings Results
Danaos reported Q4 adjusted EPS of $7.14 and operating revenue of $266 million, up from $258 million a year earlier, generating adjusted net income of $131.2 million.
2. Segment Breakdown
Container vessels drove $240 million in Q4 revenues, while drybulk vessels contributed $25 million, reflecting the company’s diversified shipping operations.
3. Contracted Backlog
The company’s contracted revenue backlog reached $4.3 billion, with 100% coverage for 2026 and 87% coverage for 2027, underpinning future revenue visibility.
4. Fleet Orders and Financial Position
Danaos ordered 12 new container vessels and two Newcastle MAX drybulk vessels for 2028–29 delivery, secured 10-year charters for four vessels, invested in an Alaska LNG project targeting 20 million tons per annum, maintained $1.4 billion liquidity and declared a $90 per share dividend.