Norway's MPC Container Ships Q4 revenue drops less than expected, on high fleet utilization

Mpc Container Ships ASA

24/02/2026 06:13

Overview

Norway container tonnage provider's Q4 revenue declined, but beat analyst expectations

Adjusted EBITDA for Q4 was $76 mln, down from $83.3 mln in Q4 2024

Company entered contracts for six new 3,700 TEU vessels

Outlook

Company forecasts 2026 operating revenues between USD 450 mln and USD 460 mln

Company expects 2026 EBITDA between USD 240 mln and USD 260 mln

MPCC has 97% contract coverage for 2026, providing earnings visibility

Result Drivers

CHARTER BACKLOG - Co achieved a charter backlog of USD 2 bln with 97% contract coverage for 2026, providing strong earnings visibility

FLEET UTILIZATION - High fleet utilization of 98.1% contributed to operational stability

FLEET MODERNIZATION - Entered contracts for six new 3,700 TEU vessels, advancing fleet modernization

Company press release: ID:nMFNwz7DP

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$127 mln
$109.67 mln (3 Analysts)
Q4 Adjusted EBITDA
$76 mln
Q4 Dividend
$0.05


Analyst Coverage

The current average analyst rating on the shares is "sell" and the breakdown of recommendations is no "strong buy" or "buy", 3 "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 NOK17.00, about 16.1% below its February 23 closing price of NOK20.26

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 5 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.)