Danaos Corp (DAC) Form 6-K — May 12, 2026
Danaos Corporation reported net income of $140.4 million for the three months ended March 31, 2026, an increase of 22% compared to $115.1 million in the prior-year period. The results were driven by a $23.5 million gain on investments, primarily from its stake in Star Bulk Carriers, and higher dividend income. The company's liquidity position remains strong with $876.2 million in cash and cash equivalents as of March 31, 2026. Danaos also repaid $262.8 million of its 8.5% senior notes and prepaid $213.8 million under a syndicated credit facility during the quarter.
Key figures
- Eps
- 7.71
- Revenue
- 253698000
- Net Income
- 140421000
- Total Debt
- 1046263000
- Cash Position
- 876207000
- Shares Outstanding
- 18203524
- EBITDA
- 199263000
- Adjusted EBITDA
- 180566000
- Time Charter Equivalent Rate Dry Bulk
- 24825
- Time Charter Equivalent Rate Container
- 35504
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.