Quarterly ResultMay 22, 2026, 04:53 PM
Global Ship Lease Q1 2026 Revenue $198.1M; EPS $2.54; Dividend $0.625
AI Summary
Global Ship Lease reported strong first-quarter 2026 results, with operating revenue increasing to $198.1 million and Adjusted EBITDA reaching $133.2 million. The company declared a quarterly dividend of $0.625 per Class A common share, maintaining an annualized dividend of $2.50. GSL has locked in 100% of its 2026 and 86% of its 2027 forward contract cover, totaling $2.05 billion in contracted revenues. Additionally, the company is opportunistically monetizing non-core assets, having agreed to sell three older ships for $52.0 million with an anticipated gain of $25.0 million.
Key Highlights
- Q1 2026 operating revenue increased 3.7% to $198.1 million.
- Q1 2026 net income available to common shareholders was $91.4 million, or $2.54 EPS.
- Q1 2026 Adjusted EBITDA rose 0.7% to $133.2 million.
- Declared a Q1 2026 dividend of $0.625 per Class A common share, annualized at $2.50.
- Added $86.1 million in contracted revenues, totaling $2.05 billion as of March 31, 2026.
- Secured 100% forward contract cover for 2026 and 86% for 2027.
- Agreed to sell three non-core ships for $52.0 million, anticipating a $25.0 million gain.
- Vessel operating expenses increased 5.4% to $52.7 million, with average cost per ownership day at $8,261.
Price Impact
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