The earnings call reflects a challenging quarter for Golden Ocean Group, with significant drops in EBITDA, net revenue, and TCE rates contributing to a net loss. Despite these challenges, there are positive developments such as fleet renewal efforts and supportive long-term market signals. However, the lowlights outweigh the highlights, indicating a predominantly negative sentiment.

Company Guidance

During the Q1 2025 earnings call, Golden Ocean Group provided various metrics and guidance for the upcoming quarters. The company reported a significant drop in adjusted EBITDA to $12.7 million and a net loss of $44.1 million, with a loss per share of $0.22. Compared to the previous quarter, their TCE rates were about $16,800 per day for Capesizes and $10,400 per day for Panamax vessels, leading to a fleet-wide net TCE of $14,400 per day. They incurred $38.3 million in drydocking costs for 380 days, impacting their operational capacity. Looking forward, they have secured a net TCE of $19,000 per day for 69% of Capesize days and $11,100 for 81% of Panamax stays in Q2, with further improvements in Q3. The company declared a $0.05 per share dividend for Q1 and discussed a contemplated share-for-share merger with CMB.TECH following a significant share purchase. Despite challenging market conditions, including geopolitical unrest and disruptions in Guinea and Peru, the company remains optimistic about the second half of the year, citing positive signals from major miners and expected increases in export volumes.

Fleet Renewal Strategy

Entered into agreements for the sale of two older Kamsarmax vessels at attractive prices.

Dividend Declaration

Declared a dividend of $0.05 per share for the first quarter of 2025.

Progress in Fleet Drydocking

Completed drydocking for three vessels as part of the ongoing fleet renewal and maintenance strategy.

Positive Outlook for Capesize Vessels

Long-term positive outlook for Capesize vessels supported by infrastructure developments in Guinea and Brazil.

Supportive Market Signals

Signs of supportive signals from Australian and Brazilian miners on expected annual export volumes despite geopolitical unrest.

Golden Ocean Group (GOGL) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

GOGL Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 19, 2025	2025 (Q3)	- / -	0.332	―	―	―
Aug 21, 2025	2025 (Q2)	-0.04 / -	0.314	―	―	―
May 21, 2025	2025 (Q1)	-0.17 / -0.19	0.293	-165.53% (-0.48)
Feb 26, 2025	2024 (Q4)	0.16 / 0.07	0.29	-77.59% (-0.22)
Nov 27, 2024	2024 (Q3)	0.29 / 0.33	0.14	137.14% (+0.19)
Aug 28, 2024	2024 (Q2)	0.28 / 0.31	0.17	84.71% (+0.14)
May 22, 2024	2024 (Q1)	0.27 / 0.29	-0.04	832.50% (+0.33)
Feb 28, 2024	2023 (Q4)	0.27 / 0.29	0.34	-14.71% (-0.05)
Nov 21, 2023	2023 (Q3)	0.06 / 0.14	0.52	-73.08% (-0.38)
Aug 29, 2023	2023 (Q2)	0.11 / 0.17	0.82	-79.27% (-0.65)

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
Aug 21, 2025	$7.98	$7.98	0.00%
May 21, 2025	$7.74	$7.49	-3.23%
Feb 26, 2025	$9.17	$9.58	+4.47%
Nov 27, 2024	$10.26	$9.53	-7.12%

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 Nov 19, 2025, Before Open (Confirmed).

What is Golden Ocean Group Limited (GOGL) earnings time?

Golden Ocean Group Limited (GOGL) earnings time is at Nov 19, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

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What is GOGL EPS forecast?

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