Global Ship Lease Reports Results for the First Quarter of 2026
Global Ship Lease reported Q1 2026 operating revenue of $198.1 million, up 3.7% year-over-year, driven by higher charter renewal rates and new vessel additions. The company achieved 100% forward charter coverage for 2026 and 86% for 2027, totaling $2.05 billion in contracted revenues with a weighted average remaining duration of 2.6 years. GAAP EPS was $2.54, down 25% from the prior year due to the absence of $28.5 million in vessel sale gains recorded in Q1 2025; normalized EPS was $2.56, down only 3.4%.
Key figures
- Eps
- 2.54
- Eps Beat
- 0
- Revenue
- 198079000
- Guidance
- 100% forward contract cover for 2026 and 86% for 2027; $2.05 billion total contracted revenues over 2.6 years
- Revenue Yoy
- 3.7%
- Debt total
- 657800000
- Fleet count
- 71
- Utilization
- 98.2%
- Normalized eps
- 2.56
- Adjusted ebitda
- 133186000
- Operating income
- 97418000
- Vessel sale gain
- 25000000
- Net income common
- 91445000
- Dividend per share
- 0.625
- Annualized dividend
- 2.5
- Normalized net income
- 92090000
- Contracted revenue total
- 2050000000
- Vessel sale aggregate price
- 52000000
AI analysis
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