Global Ship Lease, Inc. (GSL) Form 6-K — May 22, 2026
Global Ship Lease (GSL) reported Q1 2026 operating revenue of $198.1 million, a 3.7% increase year-over-year, driven by higher charter renewal rates and the addition of three new ECO vessels. The company generated $91.4 million in net income, or $2.54 per share, with Adjusted EBITDA of $133.2 million. The company maintains a strong financial position with $404.9 million in cash and equivalents and total contracted revenues of $2.05 billion over a weighted average duration of 2.6 years. GSL has achieved 100% charter coverage for 2026 and 86% for 2027, providing significant forward visibility on cash flows.
Key figures
- Eps
- 2.54
- Revenue
- 198079000
- Net Income
- 91445000
- Total Debt
- 652882000
- Revenue Yoy
- 3.7%
- Cash Position
- 404938000
- Fleet size
- 71
- Normalized eps
- 2.56
- Adjusted ebitda
- 133186000
- Operating income
- 97418000
- Utilization rate
- 98.2%
- Dividend per share
- 0.625
- Normalized net income
- 92090000
- Contracted revenue total
- 2050000000
- Vessel sales aggregate price
- 52000000
- Vessel sales anticipated gain
- 25000000
- Contracted revenue weighted duration years
- 2.6
AI analysis
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