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Danaos Corporation has announced its financial results for the second quarter and first half of 2026. Operating revenue reached US$274.4 million during the three months ended 30 June 2026. This compared with US$262.2 million in the same period last year. Net income increased to US$151.8 million, or US$8.32 per diluted share, from US$130.9 million, or US$7.12 per diluted share. Adjusted net income reached US$133.1 million, or US$7.29 per diluted share. This compared with US$117 million, or US$6.36 per diluted share, in the second quarter of 2025. Adjusted EBITDA increased to US$186.8 million from US$176 million. Financial indicator Q2 2026 Q2 2025 Operating revenue US$274.4 million US$262.2 million Net income US$151.8 million US$130.9 million Earnings per diluted share US$8.32 US$7.12 Adjusted net income US$133.1 million US$117 million Adjusted earnings per diluted share US$7.29 US$6.36 Adjusted EBITDA US$186.8 million US$176 million Dry bulk business supports quarterly growth Danaos operated an average of 75 containerships and 11 dry bulk vessels during the second quarter. This compared with 74 containerships and 10 dry bulk vessels a year earlier. Containership utilisation reached 97.7%, compared with 98.4% in the second quarter of 2025. Dry bulk utilisation stood at 99.5%, slightly below the previous year’s 99.8%. Containership revenue declined to US$238.6 million from US$239.4 million. Adjusted EBITDA from the segment fell to US$165.5 million from US$170.2 million. Adjusted net income from containerships reached US$118.3 million, compared with US$116.7 million a year earlier. Dry bulk revenue increased by 57.3% to US$35.7 million from US$22.7 million. The segment’s average daily Time Charter Equivalent rate rose to US$30,401 from US$17,934. Dry bulk adjusted EBITDA increased to US$18.8 million from US$5.9 million. Adjusted net income from the segment reached US$12.2 million, compared with US$0.3 million in the second quarter of 2025. “This quarter we saw a
Danaos reports second-quarter and half-year results
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