Global Ship Lease beats Q1 estimates, with $2B+ contracted revenue and near net-zero debt as Red Sea disruption tightens charter supply.
Global Ship Lease, Inc. (GSL) Q1 2026 Earnings Call Transcript
Global Ship Lease (GSL) came out with quarterly earnings of $2.56 per share, beating the Zacks Consensus Estimate of $2.4 per share. This compares to earnings of $2.65 per share a year ago.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 365 | $12,635.6 | $14,912.07 | $2,276.47 | 18.02% |
Donald Smith & Co Donald Smith & Co Inc. | 1.58M | $35.57M | $64.38M | $28.82M | 81.02% |
| SN Stephanie Nee HARBOR CAPITAL ADVISORS Inc. | 94,674 | $2.43M | $3.86M | $1.43M | 59.12% |
Point72 Asset Management LP Point72 Asset Management LP | 163,566 | $5.73M | $6.72M | $985,485.18 | 17.19% |
| YA Yinka Akinsola Blue Trust Inc. | 2,221 | $48,497.64 | $91,205.36 | $42,707.72 | 88.06% |
| Marine Transportation Industry | Industrials Sector | Thomas A. Lister CEO | NYSE Exchange | Y27183600 CUSIP |
| GB Country | 7 Employees | 22 May 2026 Last Dividend | 25 Mar 2019 Last Split | 25 Aug 2006 IPO Date |
Global Ship Lease, Inc., established in 2007 and headquartered in Athens, Greece, operates within the international shipping industry, primarily focusing on the ownership and chartering of containerships. The company caters to container shipping companies globally by offering its fleet under fixed-rate charters. As of March 11, 2024, Global Ship Lease, Inc. prides itself on having a diversified portfolio of 68 mid-sized and smaller containerships. These vessels encompass a wide range of capacities, starting from 2,207 to 11,040 twenty-foot equivalent units (TEUs), totaling an aggregate capacity of 375,406 TEUs. This allows the company to serve a broad spectrum of cargo transportation needs worldwide.
Global Ship Lease offers containerships for charter under fixed-rate agreements. This service provides stability and predictability for both the company and its clients, enabling long-term planning and financial forecasting in the highly volatile shipping industry. By locking in rates, clients can shield themselves from market fluctuations, ensuring consistent cargo transportation costs.
The company's fleet consists of 68 containerships with capacities ranging from 2,207 to 11,040 TEUs, making it versatile enough to accommodate a variety of cargo sizes and types. This range of vessel sizes allows Global Ship Lease to provide tailored shipping solutions, catering to the unique needs of each customer, whether they require small-scale localized shipments or larger intercontinental deliveries.
Operating worldwide, Global Ship Lease maintains a robust global shipping network. This extensive network facilitates efficient international trade by connecting major ports and markets across the globe, ensuring timely and reliable cargo delivery for businesses of all sizes.