Cool Company Ltd ( (CLCO) ) has shared an announcement.
On February 27, 2025, Cool Company Ltd. reported its Q4 2024 financial results, highlighting a total operating revenue of $84.6 million and a net income of $29.41 million, driven by a mark-to-market gain in interest rate swaps. Despite challenges in the LNG shipping market, including high LNG prices in Europe and a surplus of newbuild vessels affecting charter rates, CoolCo managed to maintain a strong financial position with $288 million in liquidity and no debt maturities until mid-2029. The company did not declare a dividend due to market conditions but emphasized its strategic focus on financial flexibility and potential growth opportunities.
More about Cool Company Ltd
Cool Company Ltd., also known as CoolCo, operates within the LNG shipping industry, focusing on the transportation of liquefied natural gas. The company is involved in the management and operation of a fleet of vessels, providing services primarily through time and voyage charters.
YTD Price Performance: -31.38%
Average Trading Volume: 242,259
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $301.7M
Learn more about CLCO stock on TipRanks’ Stock Analysis page.