Core Viewpoint - Danaos Corporation (DAC) is a significant entity in the shipping industry, recognized for its large fleet of container vessels and its role in global trade [1] Financial Performance - On February 9, 2026, DAC reported an earnings per share (EPS) of $7.14, exceeding the estimated EPS of $6.77 [2] - The company's operating revenues for Q4 2025 were approximately $266 million, an increase from $258 million in the same period of 2024 [2] Segment Performance - The container vessels segment generated $240 million in operating revenues, while the drybulk vessels segment contributed $25 million [3] - This segmentation allows DAC to assess performance based on net income, facilitating efficient resource allocation [3] Valuation Metrics - DAC's price-to-earnings (P/E) ratio is 4.04, indicating a low valuation relative to its earnings, making it appealing to investors [3] - The price-to-sales ratio is 1.82, suggesting investors pay $1.82 for every dollar of sales [4] - The enterprise value to sales ratio is approximately 1.97, and the enterprise value to operating cash flow ratio stands at around 3.19, reflecting DAC's cash flow efficiency [4] Financial Health - The earnings yield of 24.77% indicates strong potential returns for investors [4] - DAC's debt-to-equity ratio is 0.20, showcasing a conservative approach to leveraging debt and ensuring financial stability [5] - The current ratio of 4.62 demonstrates a strong liquidity position, allowing the company to effectively cover short-term liabilities [5]

Financial Data and Key Metrics Changes - Adjusted EPS for Q4 2025 was EUR 7.14 per share, compared to EUR 6.93 per share in Q4 2024, reflecting a slight increase [7] - Adjusted net income decreased by EUR 2.1 million to EUR 131.2 million in Q4 2025 from EUR 133.3 million in Q4 2024 [7][8] - Adjusted EBITDA increased by 0.2% to EUR 190 million in Q4 2025 from EUR 189.7 million in Q4 2024 [12] Business Line Data and Key Metrics Changes - Incremental operating revenues from the containership fleet increased by EUR 5.2 million, with an additional EUR 10.5 million from higher fleet utilization [9] - Revenues from the container segment decreased by EUR 7.8 million due to lower contracted charter rates [9] - Vessel operating expenses increased by EUR 2.8 million to EUR 48.4 million, attributed to a larger fleet [10] Market Data and Key Metrics Changes - The company secured 10-year charters for four new vessels, contributing to a total contract revenue of EUR 4.3 billion, enhancing earnings visibility [4] - Contract coverage for 2026 is at 100%, 87% for 2027, and 64% for 2028 in terms of operating days [12] Company Strategy and Development Direction - The company continues to focus on securing long-term employment for vessels through forward fixtures and investing in modern container vessels [3][4] - Danaos is exploring selective investments in the energy sector, becoming a strategic investor in the Alaska LNG project [5] Management's Comments on Operating Environment and Future Outlook - Management noted that geopolitical disruptions have not led to a U.S. slowdown, and demand for midsize vessels remains strong [3] - The company is positioned to benefit from ongoing growth in shipping and energy sectors [5] Other Important Information - As of December 31, 2025, net debt stood at EUR 141 million, with a net debt to Adjusted EBITDA ratio of 0.2x [13] - Total liquidity reached EUR 1.4 billion, providing flexibility for capital deployment [14] Q&A Session Summary Question: Details on the Alaska LNG project - The project is expected to be completed by 2030, requiring 6 to 10 ships, with long-term employment anticipated [22][23] Question: Future orders for Newcastlemax vessels - The company plans to replace older vessels with new orders, as secondhand prices have risen significantly [24][25] Question: Chartering strategy for Capesize vessels - The company prefers to employ Capesize vessels mainly on the spot market, with potential for medium-term contracts if market conditions are favorable [31]

Danaos (NYSE:DAC) Q4 2025 Earnings call February 10, 2026 09:00 AM ET Company ParticipantsCliment Molins - Head of Shipping ResearchEvangelos Chatzis - VP, CFO, and Treasurer and SecretaryJohn Coustas - Chairman, President, and CEOOmar Nokta - Managing DirectorOperatorGood day and welcome to the Danaos Corporation conference call to discuss the financial results for the three-month-ended December 31st, 2025. As a reminder, today's call is being recorded. Hosting the call today is Dr. John Coustas, Chief Exe ...

Danaos (NYSE:DAC) Q4 2025 Earnings call February 10, 2026 09:00 AM ET Speaker4Good day and welcome to the Danaos Corporation conference call to discuss the financial results for the three-month-ended December 31st, 2025. As a reminder, today's call is being recorded. Hosting the call today is Dr. John Coustas, Chief Executive Officer of Danaos Corporation, and Mr. Evangelos Chatzis, Chief Financial Officer of Danaos Corporation. Dr. Coustas and Mr. Chatzis will be making some introductory comments, and then ...

Investor Presentation February 2026 Disclaimer This presentation contains certain statements that may be deemed to be "forward-looking statements" within the meaning of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, that address activities, events or developments that the Company expects, projects, believes or anticipates will or may occur in the future, including, without limitation, the outlook for fleet utilization and shipping rates, general industry cond ...

ATHENS, Greece, Feb. 9, 2026 /PRNewswire/ -- Danaos Corporation ("Danaos") (NYSE: DAC), one of the world's largest independent owners of container vessels, today reported unaudited results for the period ended December 31, 2025. Financial Summary Three Months Ended December 31, 2025 and Three Months Ended December 31, 2024 Unaudited (Expressed in thousands of United States dollars, except as otherwise stated) | Three Months | Three Months | | --- | --- | | Ended | Ended | | December 31, | December 31, 2024 ...

Key Takeaways Rigetti secured an $8.4M order from C-DAC to deliver a 108-qubit quantum system to a Bengaluru data center.The deal follows a 2025 MoU, showing Rigetti can convert research deals into revenue-generating system sales.While not financially transformative, RGTI's order supports a go-to-market model in government markets.Rigetti Computing’s (RGTI) $8.4 million purchase orderto deliver a 108-qubit quantum computer from C-DAC marks a meaningful validation of its system-led scaling strategy, shifting ...

Core Viewpoint - Danaos Corporation has announced a strategic partnership with Glenfarne Group to advance the Alaska LNG project, which includes a significant investment and the provision of LNG carriers for global delivery [1][2]. Group 1: Investment and Partnership - Danaos Corporation will invest $50 million in Glenfarne Alaska Partners LLC as part of the partnership [2]. - The company will also be the preferred tonnage provider for constructing and operating at least six LNG carriers for the Alaska LNG project [2]. Group 2: Project Phases and Development - The Alaska LNG project is being developed in two phases: Phase One involves a 765-mile pipeline to transport natural gas for domestic energy needs, while Phase Two will include an LNG liquefaction terminal to export 20 million tonnes per annum (MTPA) of LNG [3]. - Glenfarne has secured preliminary commercial commitments for 11 MTPA of LNG from buyers in Japan, Korea, Taiwan, and Thailand [4]. Group 3: Company Background - Glenfarne Group is a global developer and operator of energy infrastructure, with a North American LNG portfolio totaling 32.8 MTPA of capacity under development [5]. - Danaos Corporation operates a fleet of 75 container vessels with a total capacity of 477,491 TEUs and has invested in the dry bulk sector with 11 capesize drybulk vessels [6].

Core Thesis - Danaos Corporation (DAC) is viewed positively due to its strong financial performance and resilience, trading at a deeply discounted valuation despite improved fundamentals [1][5]. Financial Performance - DAC's share price increased from around $18 in 2020 to approximately $92, with earnings per share rising from $6.50 to about $26, showcasing a significant turnaround from a loss of $46 per share in 2016 [2]. - The company has a trailing P/E ratio of 4.00, indicating a low valuation compared to its earnings [1]. Balance Sheet Strength - Danaos has reduced total liabilities from $2.4 billion in 2016 to $644 million by the end of 2024, with long-term debt now at only $382 million [3]. - Equity has expanded from $558 million to $3.4 billion during the same period, transitioning the company from a highly leveraged position to a net cash position [3]. Cash Reserves and Shareholder Returns - Cash reserves increased from $70 million in 2017 to $453 million as of December 2024, providing financial flexibility for share buybacks and maintaining a dividend yield of approximately 3.7% [4]. - The company's disciplined capital management and cash-rich profile position it favorably to navigate macroeconomic challenges [4]. Market Sentiment - Despite strong profitability, DAC trades at a low price-to-earnings ratio of roughly 3.5 and only 0.49 times its book value, reflecting market skepticism [3]. - The stock has appreciated about 15.70% since a previous bullish thesis, indicating growing recognition of its value [5]. Hedge Fund Interest - DAC is not among the 30 most popular stocks among hedge funds, with 17 hedge fund portfolios holding DAC at the end of the second quarter, up from 16 in the previous quarter [6].

Core Insights - Danaos (DAC) is identified as one of the largest independent owners of container vessels and drybulk vessels, presenting an asymmetric upside potential despite facing decreasing rates and increasing competition [1] - The company's valuation remains incredibly low even after considering various factors [1] Company Analysis - Danaos operates in a competitive environment with decreasing rates, yet it still shows potential for growth [1] - The financial analysis indicates that the company is undervalued, suggesting possible investment opportunities [1]