Norway's MPC Container Ships Q1 revenue beats on contract backlog

Mpc Container Ships ASA

27/05/2026 06:09

Overview
Norway container tonnage provider's Q1 revenue declined yr/yr but beat analyst expectations
Adjusted EBITDA for Q1 fell from prior year
Company maintained quarterly dividend at $0.04 per share

Outlook
Company sees 2026 operating revenues in the range of $450-460 mln
Company expects 2026 EBITDA between $260-280 mln
MPC Container Ships says contract backlog covers 99% of open days in 2026

Result Drivers
CONTRACT BACKLOG - High contract coverage for 2026 and strong charter backlog supported Q1 revenue
FLEET UTILIZATION - Very high fleet utilization of 99.1% contributed to operational performance

Company press release: ID:nMFNbMGSF0

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$118.90 mln
$105 mln (3 Analysts)
Q1 Adjusted EBITDA
 
$67.10 mln
 
Q1 Dividend
 
$0.04
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the marine freight & logistics peer group is "buy."
Wall Street's median 12-month price target for MPC Container Ships ASA is NOK20.00, about 12.7% below its May 26 closing price of NOK22.91
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 7 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)