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Golden Ocean Group Limited (GOGL)
NASDAQ:GOGL
Earnings Data
Report Date
May 15, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.14Last Year’s EPS
0.29Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 26, 2025
|% Change Since: 3.72%
|Next Earnings Date:May 15, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook. While the company showed a significant increase in full-year net profit and declared a dividend, quarterly financial metrics such as revenue, EBITDA, and operating expenses showed declines. The strategic fleet management initiatives and positive market outlook provide optimism, but the increased costs and reduced quarterly performance indicate challenges.Company Guidance
During the Golden Ocean Group Limited Q4 2024 earnings call, Interim CEO and CFO Peder Simonsen provided detailed guidance and metrics on the company's financial performance and strategic outlook. The company reported an adjusted EBITDA of $69.9 million for Q4, a decrease from $124.4 million in Q3, and a net income of $39 million, translating to earnings per share of $0.20. Full-year 2024 net profit surged to $223.2 million from $112.3 million in 2023. The fleet-wide net TCE rate was $20,800 per day, with Capesize and Panamax vessels achieving rates of $24,700 and $14,800 per day, respectively. Drydocking costs rose to $34.3 million for thirteen vessels, compared to $9.7 million for five vessels in Q3. The company declared a $0.15 per share dividend for Q4 and executed a purchase option for eight Capesize vessels for $112 million, partially financed by a $90 million credit facility, which will reduce cash breakeven by $1,000 per day. For Q1 2025, Golden Ocean secured TCE rates of $15,100 for 77% of Capesize days and $9,900 for 81% of Panamax days. The company anticipates a stronger market in the second half of 2025, supported by favorable drydocking timing and robust demand in emerging economies.Full-Year Net Profit Increase
Golden Ocean Group reported a full-year 2024 net profit of $223.2 million, up from $112.3 million in 2023.
Dividend Declaration
A dividend of $0.15 per share was declared for the fourth quarter of 2024.
Positive Outlook on Market Trends
The company remains fundamentally positive on the market outlook, expecting a stronger second half of 2025 and onwards.
Strategic Fleet Management
Golden Ocean exercised a purchase option for eight Capesize vessels, reducing Capesize cash breakeven by approximately $1,000 per day.
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GOGL 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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GOGL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 26, 2025 | $9.40 | $9.82 | +4.47% |
| Nov 27, 2024 | $10.52 | $9.77 | -7.13% |
| Aug 28, 2024 | $11.88 | $11.39 | -4.12% |
| May 22, 2024 | $14.54 | $13.04 | -10.32% |
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 Golden Ocean Group Limited (GOGL) report earnings?
Golden Ocean Group Limited (GOGL) is schdueled to report earning on May 15, 2025, TBA Not Confirmed.
What is Golden Ocean Group Limited (GOGL) earnings time?
Golden Ocean Group Limited (GOGL) earnings time is at May 15, 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 GOGL EPS forecast?
GOGL EPS forecast for the fiscal quarter 2025 (Q1) is -0.14.
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