Danaos Corporation (DAC) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and welcome to Denoz Corporation conference call to discuss the financial result for the three-month ended March 31st, 2026. As a reminder, today's call is being recorded. Hosting the call today is Dr. John Custos, Chief Executive Officer of Denoz Corporation, and Mr. Ivan Goulos, Hedges, Chief Financial Officer of Denoz Corporation. Dr. Custos and Mr. Hedges will be making some introductory remarks comments and we will be open the call for question and answer session. Thank you, operator. Good morning, everyone, and thank you for joining us today. Before we begin, I quickly want to remind everyone that management remarks this morning may contain certain forward-looking statements and that actual results could differ materially from those projected today. These forward-looking statements are made as of today, and we undertake no obligation to update them. Factors that might affect future results are discussed in our filings with the SEC, and we encourage you to review these detailed safe harbor and risk factor disclosures. Please also note that where we feel appropriate, we will continue to refer to non-GAAP financial measures such as EBITDA, adjusted EBITDA, adjusted net income, time charter equivalent revenues and time charter equivalent dollars per day to evaluate our business. Reconciliations of non-GAAP financial measures to GAAP financial measures are included in our earnings release and accompanying materials. With that, let me now turn over the call to Dr. John Koustas, who will provide the broad overview of the quarter. John? Thank you, Evangelos. Good morning, and thank you all for joining today's call to discuss our results for the first quarter of 2026. This quarter was shaped by the unprecedented events in the Gulf and the closure of the Strait ...