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Cool Company Ltd (CLCO)
:CLCO
Earnings Data
Report Date
May 21, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.28Last Year’s EPS
0.68Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: -23.29%
|Next Earnings Date:May 21, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook with solid financial performance and strong backlog on one side, but significant challenges in the market environment and rate conditions on the other. While the company is in a strong financial position to withstand current market softness, the decision to suspend dividends reflects caution due to ongoing low rates.Company Guidance
In the Q4 2024 business update call for Cool Company Limited, CEO Richard Tyrrell addressed the company's financial performance and market conditions. The company reported a slight increase in revenue to $84.6 million and an adjusted EBITDA of $55.3 million, aided by fewer drydock days. Despite a robust backlog of $1.7 billion, with over $1 billion firm, Tyrrell highlighted challenges in the spot market with rates below economic breakeven, impacting fleet utilization. As a result, CoolCo decided not to declare a dividend, opting instead for financial flexibility and potential growth opportunities. The CEO noted a fleet utilization rate of 92% in Q4 and anticipated an improvement in Q1 2025. The company maintained strong liquidity with $288 million at the end of 2024 and no debt maturities until 2029, positioning itself to weather current market conditions and capitalize on future opportunities.Revenue and EBITDA Growth
Revenue for the quarter increased to $84.6 million, driven by fewer drydock days. Adjusted EBITDA also saw a modest increase to $55.3 million.
Strong Backlog
The company has a strong backlog of $1.7 billion, with over $1 billion being firm, providing a solid foundation for future revenue.
High Utilization Rates
Fleet achieved a 92% utilization rate in Q4, with expectations to exceed this in Q1 2025.
Robust Financial Position
Cash and cash equivalents stood at approximately $165 million, with no debt maturities until mid-2029 and a strong balance sheet providing financial flexibility.
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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 |
|---|---|---|---|
| Feb 27, 2025 | $7.17 | $6.34 | -11.58% |
| 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% |
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 May 21, 2025, TBA Not Confirmed.
What is Cool Company Ltd (CLCO) earnings time?
Cool Company Ltd (CLCO) earnings time is at May 21, 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 2025 (Q1) is 0.28.
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