Danaos Corp (DAC) Form 6-K — Aug 4, 2026
Danaos Corporation reported strong financial results for the second quarter and six months ended June 30, 2026, with operating revenues increasing to $274.4 million in Q2 2026 from $262.2 million in the prior year. Net income for the six months reached $292.2 million, up from $246.1 million in the same period last year, driven by a significant improvement in drybulk Time Charter Equivalent rates and substantial gains on investments in Star Bulk Carriers and Yoda PLC. The company maintained a robust liquidity position with cash and cash equivalents of $1.01 billion and total outstanding debt of $1.23 billion, having fully repaid its 8.5% senior notes in March 2026.
Key figures
- Eps
- 8.34
- Revenue
- 274370000
- Net Income
- 292236000
- Eps 6mo
- 16.05
- Revenue 6mo
- 528068000
- Dividend per share
- 0.9
- Tce rate drybulk q2
- 30401
AI analysis
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