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Golden Ocean Group Limited (GOGL)
NASDAQ:GOGL
Earnings Data
Report Date
Aug 21, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.06Last Year’s EPS
0.31Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 21, 2025
|% Change Since: -7.19%
|Next Earnings Date:Aug 21, 2025
Earnings Call Sentiment|Negative
The earnings call presented a challenging quarter for Golden Ocean Group, with significant declines in EBITDA, net revenues, and TCE rates, leading to a net loss. However, there are positive developments in fleet renewal and strategic merger plans. While the outlook for Capesize demand remains positive, the current financial performance is under significant pressure.Company Guidance
During the Golden Ocean Group's Q1 2025 earnings call, CEO Peder Simonsen provided guidance on several financial metrics. The company reported an adjusted EBITDA of $12.7 million, down significantly from $69.9 million in Q4 2024, alongside a net loss of $44.1 million, translating to a $0.22 loss per share. TCE rates were approximately $16,800 per day for Capesize vessels and $10,400 per day for Panamax vessels, resulting in a fleet-wide net TCE of about $14,400 per day. The company incurred drydocking costs of $38.3 million over 380 days, compared to $34.3 million over 320 days in the previous quarter. For Q2 2025, 69% of Capesize days were fixed at a net TCE of about $19,000 per day, while 81% of Panamax days were fixed at about $11,100 per day. Additionally, a dividend of $0.05 per share was declared for Q1 2025. The call also highlighted a merger announcement with CMB.TECH and ongoing fleet renewal strategies, including the sale of two older Kamsarmax vessels.CMB.TECH Share Purchase and Merger Announcement
Following the share purchase by CMB.TECH of approximately 50% of the shares in Golden Ocean, a contemplated share-for-share merger between Golden Ocean and CMB.TECH was announced after the quarter ended.
Fleet Renewal Strategy
Golden Ocean entered into agreements for the sale of two older Kamsarmax vessels at attractive prices, in line with their fleet renewal strategy.
Dividend Declaration
A dividend of $0.05 per share was declared for the first quarter of 2025.
Positive Outlook on Capesize Demand
Positive long-term outlook for Capesize vessels due to infrastructure improvements and high-grade iron ore projects in Guinea and Brazil.
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
GOGL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 21, 2025 | $7.79 | $7.54 | -3.21% |
Feb 26, 2025 | $9.23 | $9.64 | +4.44% |
Nov 27, 2024 | $10.33 | $9.60 | -7.07% |
Aug 28, 2024 | $11.67 | $11.18 | -4.20% |
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.
FAQ
When does Golden Ocean Group Limited (GOGL) report earnings?
Golden Ocean Group Limited (GOGL) is schdueled to report earning on Aug 21, 2025, TBA Not Confirmed.
What is Golden Ocean Group Limited (GOGL) earnings time?
Golden Ocean Group Limited (GOGL) earnings time is at Aug 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 GOGL EPS forecast?
GOGL EPS forecast for the fiscal quarter 2025 (Q2) is 0.06.