Cool Company Ltd ( (CLCO) ) just unveiled an announcement.
Cool Company Ltd. reported its Q4 2024 results, highlighting a rise in total operating revenues to $84.6 million and net income to $29.4 million, driven by gains in interest rate swaps. Despite challenges in the LNG chartering market due to high European LNG prices and increased vessel supply, CoolCo maintained a strong financial position, with a $570 million revolving credit facility and a firm backlog exceeding $1 billion. The company refrained from declaring a dividend to preserve financial flexibility and pursue growth opportunities.
More about Cool Company Ltd
Cool Company Ltd. operates in the LNG shipping industry, focusing on the transportation of liquefied natural gas. The company is involved in managing a fleet of vessels, including newbuilds and upgraded ships, to meet the demands of the LNG market.
YTD Price Performance: -13.77%
Average Trading Volume: 211,008
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $386.5M
For a thorough assessment of CLCO stock, go to TipRanks’ Stock Analysis page.