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Cool Company Ltd (CLCO)
:CLCO
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Earnings Data
Report Date
Feb 28, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.35Last Year’s EPS
0.41Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Sep 01, 2022
|% Change Since: -15.69%
|Next Earnings Date:May 31, 2022
Earnings Call Sentiment|Neutral
The earnings call highlighted strong revenue and EBITDA figures, successful refinancing, and a share buyback program, reflecting a positive strategic position. However, challenges such as a disappointing start to the winter season, reduced dividends, and market pressure from newbuild deliveries balanced the positive outlook. The long-term market prospects remain strong, but immediate challenges weigh on the sentiment.Company Guidance
During the Cool Company Limited Q3 2024 earnings call, key financial metrics and strategic updates were discussed. The company achieved the upper end of its revenue guidance with $82.4 million, supported by a $1.7 billion backlog and adjusted EBITDA of $53.7 million. However, net income was impacted by a $15.5 million unrealized negative mark on interest rate swaps, resulting in $8.1 million net income. A reduced dividend of $0.15 per share was announced, alongside a $40 million share buyback program. The company secured refinancing for a $570 million facility, extending its maturity to 2029, with additional borrowing capacity of $120 million. The spot market faced challenges, with rates falling below levels seen since 2018, but long-term LNG prospects remain strong. The company anticipates improved conditions in 2025, driven by new LNG projects and the retirement of older steam-turbine vessels, potentially tightening capacity and enhancing market opportunities.Revenue and EBITDA Growth
Revenue reached $82.4 million, and adjusted EBITDA was $53.7 million, supported by a $1.7 billion backlog.
Successful Refinancing
Refinanced the $570 million facility, adding $120 million in borrowing capacity at a 20 basis point cost saving, extending maturity to late 2029.
Share Buyback Program
Announced a $40 million share buyback program to return capital to shareholders.
Strong Long-term LNG Market Outlook
Expectation for LNG demand to remain strong, with significant shipping demand anticipated towards the end of the decade.
Improvement Expected in 2025
Rates expected to improve in 2025 with 34 million tonnes per annum of new LNG projects.
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CLCO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CLCO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 21, 2024 | $10.45 | $9.05 | -13.40% |
| Aug 29, 2024 | $9.80 | $10.42 | +6.33% |
| May 22, 2024 | $11.37 | $10.95 | -3.69% |
| Feb 28, 2024 | $10.30 | $10.20 | -0.97% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Cool Company Ltd (CLCO) report earnings?
Cool Company Ltd (CLCO) is schdueled to report earning on Feb 28, 2025, TBA Not Confirmed.
What is Cool Company Ltd (CLCO) earnings time?
Cool Company Ltd (CLCO) earnings time is at Feb 28, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CLCO EPS forecast?
CLCO EPS forecast for the fiscal quarter 2024 (Q4) is 0.35.
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