Danaos Q2 FY26 net income rises 15.98% to USD 151.82 million - DAC News | RalliesDanaos Q2 FY26 net income rises 15.98% to USD 151.82 million
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DAC• Backlog and dividend
- Contracted operating revenue backlog reached USD 4.6 billion after about USD 683 million of extensions.
- The Q2 dividend of USD 0.90 was paid July 30.
Quarterly results and segment performance
- Danaos posted Q2 GAAP net income of USD 151.82 million, lifting diluted EPS to USD 8.32 from USD 7.12 a year earlier.
- Operating revenues rose 4.66% to USD 274.37 million, while GAAP net income climbed 15.97% on year.
- Non-GAAP adjusted EBITDA increased 6.14% to USD 186.83 million; non-GAAP adjusted net income rose to USD 133.12 million, or USD 7.29 a share.
- Drybulk segment revenue more than doubled to USD 35.72 million as TCE jumped to USD 30,401 per day from USD 17,934; utilization held at 99.5%.
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