Cool Company Ltd Reports Q1 2025 Earnings and Market Outlook

Cool Company Ltd ( (CLCO) ) has released its Q1 earnings. Here is a breakdown of the information Cool Company Ltd presented to its investors.

Cool Company Ltd, a prominent player in the liquefied natural gas (LNG) shipping industry, specializes in providing transportation solutions with a modern fleet of LNG carriers.

In the first quarter of 2025, Cool Company Ltd reported a slight increase in operating revenues to $85.5 million, compared to the previous quarter, despite facing challenges in the spot market due to high LNG prices and extensive restocking activities in Europe. The company also took delivery of a newbuild vessel, GAIL Sagar, which commenced a long-term charter, contributing to the quarter’s results.

Key financial metrics for Q1 2025 included a net income of $9.1 million, a decrease from the previous quarter, primarily due to unrealized mark-to-market changes on interest rate swaps. The company’s adjusted EBITDA stood at $53.4 million, while the average Time Charter Equivalent Earnings decreased to $70,600 per day. Strategic moves included securing employment for redelivered vessels and completing significant drydocking activities.

Looking ahead, Cool Company Ltd remains optimistic about the LNG market, expecting increased LNG volumes and a normalization of cargo flows between Europe and Asia. The company plans to capitalize on long-term charter opportunities and maintain a disciplined approach to maximize shareholder value amid geopolitical uncertainties.

Overall, Cool Company Ltd continues to navigate the dynamic LNG shipping market with strategic vessel deployments and financial management, positioning itself for future growth and stability.