EarningsQ2 2026 Earnings Report
MPZZF Q2 2026 EPS Results
Actual EPS$0.09
Consensus EPS$0.08
Beat/MissBeat by +$0.01
One Year Ago EPS$0.11
MPZZF Q2 2026 Revenue Results
Actual Revenue$114.97M
Expected Revenue$101.99M
Beat/MissBeat by +$12.98M
YoY Revenue Growth-22.33%
Earnings Announcement Details
QuarterQ2 2026
Date08/26/2026
TimeBefore Open
Conference CallWednesday, August 26, 2026
MPZZF Upcoming Earnings
MPC Container Ships ASA's next earnings date is estimated for November 25, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MPZZF Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a predominantly positive company-specific picture: strong multi-year backlog and earnings visibility, disciplined fleet renewal (younger, larger, ECO tonnage), accretive acquisitions at significant discounts to newbuilding parity, solid liquidity and a low net-debt profile alongside continued shareholder distributions. Most lowlights are industry and macro-related risks (geopolitical risks, port congestion, crewing constraints, and uncertainty about the durability of high chartering intensity) rather than company-specific weaknesses. On balance, the highlights materially outweigh the lowlights.Company Guidance
Fleet renewal and modernization
Deployed about $1.8 billion of fleet renewal CapEx since Q3 2021; average build year improved from 2007 to 2016 and average vessel size rose from ~2,100 TEU to ~3,100 TEU; ECO vessels now ~78% of fleet (83% TEU-weighted).
Accretive acquisitions and asset discipline
Acquired four modern 7,000 TEU ECO vessels for ~$340 million on 3-year charters purchased at a ~30%–40% discount to newbuilding parity; >40% of purchase price covered by secured EBITDA from initial charters; added seven-vessel forward package with a top-3 liner.
Strong balance sheet and liquidity
Pro forma liquidity around $680 million (including undrawn RCF); gross debt ~$450 million, net debt described as 'closer to zero'; 30 vessels debt-free with fair market value ~ $770 million; leverage ~28.4%.
Successful capital raises and disposals
Completed an oversubscribed private placement raising USD 107 million subsequent to quarter-end and issued >44 million new shares in the quarter; sold 2 vessels for $40 million (5 vessels sold/handed over in total to support renewal financing).
Favorable market dynamics for MPCC's tonnage
Charter market firm with HARPEX ~7% YoY higher; average vessel being fixed ~6–9 months ahead of expiry (record levels); contracted forward TCEs running in the mid-USD 25,000/day and rising slightly across the curve; orderbook share for 6–8k TEU segment tripled to >30% this year, supporting demand for MPCC's newer vessels.
Strong forward coverage and backlog
Contract revenue backlog of $2.2 billion with projected EBITDA of roughly $1.4 billion; forward coverage ~99% for 2026, 85% for 2027, 60% for 2028 and 39% for 2029, providing multi-year earnings visibility.
Solid quarterly financials
Q2 operating revenues of $170 million and adjusted EBITDA of $65 million; declared dividend of $0.04 per share (19th consecutive distribution).
MPZZF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed