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Cool Company reported Q2 2024 revenues of $83.4 million, driven by strategic long-term charters and efficient fleet management, despite some operational challenges. The company's fleet modernization, with the upcoming delivery of two new vessels, positions it well to capitalize on growing global LNG demand, particularly in Asia. The massive 13.7%-yielding dividend remains well-covered, and is likely to remain so.
Cool Company Ltd. (NYSE:CLCO ) Q2 2024 Earnings Conference Call August 29, 2024 8:00 AM ET Company Participants Richard Tyrrell - CEO John Boots - CFO Conference Call Participants Alexander Bidwell - Webber Research & Advisory Liam Burke - B.
LONDON--(BUSINESS WIRE)--Cool Company Ltd (NYSE: CLCO / CLCO.OL) - Note to shareholders who hold shares registered in Euronext Securities Oslo, the central securities depository in Norway (the “VPS”): Due to implementation of the Central Securities Depository Regulation (“CSDR”) in Norway, please note the information on the payment date to the shares registered in the VPS below. From May 28, 2024, the standard settlement cycle for transactions executed in securities traded on the New York Stock.
LONDON--(BUSINESS WIRE)--This release includes business updates and unaudited interim financial results for the three ("Q2", "Q2 2024" or the "Quarter") and six months (“1H 2024") ended June 30, 2024 of Cool Company Ltd. ("CoolCo" or the "Company") (NYSE:CLCO / CLCO.OL). Q2 Highlights and Subsequent Events Generated total operating revenues of $83.4 million in Q2, compared to $88.1 million for the first quarter of 2024 ("Q1" or "Q1 2024") primarily related to a drawn-out drydock, lower rates on.
LONDON--(BUSINESS WIRE)--COOL COMPANY Ltd. (the “Company”) (NYSE: CLCO / CLCO.OL) advises that its 2024 Annual General Meeting will be held on November 21, 2024 in London. The record date for voting at the Annual General Meeting is set to September 24, 2024. A copy of the notice and associated information will be distributed to shareholders by normal distribution methods prior to the meeting and will also be made available on the Company's website at http://www.coolcoltd.com. This information i.
LONDON--(BUSINESS WIRE)--Cool Company Ltd. (NYSE: CLCO / CLCO.OL, “CoolCo” or the “Company”) will host a First Half 2024 Earnings call and webcast presentation on Thursday, August 29, 2024, at 8:00 A.M. New York / 2:00 P.M. Oslo / 1:00 P.M. London. The presentation will be available to download from the Presentations and Webcasts subsection of the Investors section of the Company's website at www.coolcoltd.com. We recommend that participants join the conference call via the listen-only live web.
Cool Company operates a fleet of 11 LNG vessels and has two new build vessels on the way. The LNG market is rapidly expanding, running the risk of an oversupplied condition in the shipping market. Cool Company's balance sheet is stress tested to determine the stability of its 14% yield.
CLCO, ITOCY and MONDY made it to the Zacks Rank #1 (Strong Buy) value stocks list on July 3, 2024.
GRANTS PASS, Ore. , July 1, 2024 /PRNewswire/ -- Beat the heat this summer with Dutch Bros' new drinks!
SGRP and CLCO made it to the Zacks Rank #1 (Strong Buy) value stocks list on June 26, 2024.