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MPC Container Ships ASA (MPZZF)
OTHER OTC:MPZZF
Earnings Data
Report Date
May 26, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.11Last Year’s EPS
0.17Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 25, 2025
|% Change Since: -3.57%
|Next Earnings Date:May 26, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance, successful fleet optimization, and strategic investments, resulting in increased revenue and dividends. However, challenges such as increased leverage and geopolitical risks were noted.Company Guidance
During the Q4 2024 earnings call, MPC Container Ships provided detailed guidance and metrics for the upcoming year. The company reported a full-year revenue of US$524 million and an adjusted EBITDA of US$325 million, with expectations for 2025 set between US$515 million to US$530 million in revenue and US$290 million to US$310 million in EBITDA. The backlog has increased to approximately US$1.1 billion, with coverage of 92% for 2025 and 64% for 2026. The Board declared the 13th consecutive dividend of $0.09 per share, with a total annual dividend of $0.42 per share. The company maintained strong operational cash flow, generating US$77 million, and reported a leverage ratio of 28%, with over two-thirds of the fleet being debt-free. In 2024, MPC Container Ships executed strategic fleet renewal initiatives, acquiring and retrofitting several vessels, supported by sustainable financing solutions like an ECA covered green loan and an unsecured sustainability-linked bond. They aim to continue optimizing their fleet and enhancing long-term shareholder value.Strong Financial Performance and Revenue
Full-year revenue was US$524 million, with adjusted EBITDA of US$325 million for 2024. The revenue backlog stands at around US$1.1 billion, with 92% and 64% coverage for 2025 and 2026, respectively.
Fleet Optimization and Strategic Investments
The company added seven vessels and offloaded five older and smaller vessels, resulting in a book gain of around US$11 million. Sustainable financing solutions were leveraged, including raising an ECA covered green loan and placing an unsecured sustainability-linked bond.
Dividend Distribution and Shareholder Returns
The Board of Directors declared the 13th consecutive dividend, totaling $0.42 per share for the year. The full-year 2024 dividend yield was 36%.
Increase in Charter Rates and Asset Values
Charter rates increased by around 150% and secondhand prices by over 40% compared to the beginning of 2024. Strong demand by liner companies continues to support rates and duration levels.
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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
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MPZZF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 25, 2025 | $1.68 | $1.66 | -1.19% |
| Nov 26, 2024 | $1.99 | $1.98 | -0.50% |
| Aug 28, 2024 | $2.10 | $1.81 | -13.81% |
| May 28, 2024 | $1.59 | $1.69 | +6.29% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does MPC Container Ships ASA (MPZZF) report earnings?
MPC Container Ships ASA (MPZZF) is schdueled to report earning on May 26, 2025, TBA Not Confirmed.
What is MPC Container Ships ASA (MPZZF) earnings time?
MPC Container Ships ASA (MPZZF) earnings time is at May 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MPZZF EPS forecast?
MPZZF EPS forecast for the fiscal quarter 2025 (Q1) is 0.11.
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