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Cool Company Ltd
OSE:CLCO

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Cool Company Ltd
OSE:CLCO
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Price: 98.5 NOK -0.2% Market Closed
Market Cap: 5.3B NOK

Cool Company Ltd
Investor Relations

Cool Co. Ltd. operates as an LNG carrier company. The firm's fleet is operated under spot and short to medium-term time charters. Its owned fleets include Golar Bear, Golar Crystal, Golar Frost, Golar Glacier, Golar Ice, Golar Kelvin, Golar Seal, and Golar Snow. The firm is managing about 11 liquefied natural gas carriers (LNGCs) and nine floating storage and regasification units (FSRUs) in addition to its owned fleet. Its LNGCs include Kool Orca, Kool Firn, Kool Baltic, Kool Boreas, Golar Celsius, Golar Penguin, Golar Grand, Golar Maria, Golar Mazo, Methane Princess, Golar Arctic, and Avenir Accolade. Its FSRUs include Golar Spirit, Golar Winter, Nusantara Regas S, Golar Freeze, Golar Eskimo, Golar Igloo, Golar Nanook, LNG Croatia, and Golar Tundra.

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Last Earnings Call
Fiscal Period
Q2 2025
Call Date
Aug 28, 2025
AI Summary
Q2 2025

Revenue: Total operating revenue for Q2 was $85.5 million, flat quarter-on-quarter and above the previous guidance.

TCE Rates: Average TCE decreased slightly to $69,900 per day, down from $70,600 in Q1, reflecting pressure from lower rates on open vessels.

EBITDA Growth: Adjusted EBITDA increased to $56.5 million, up from $53.4 million in Q1, driven by fewer drydock days and contributions from new vessels.

Strong Backlog: 50% of fleet days are covered until 2027, providing a buffer against weak charter rates.

Vessel Upgrades: Four out of five planned LNG-E vessel upgrades are complete, with upgrades generating $5,000 per day in additional charter premiums.

Liquidity: Total available liquidity reached $226 million at quarter end, boosted by cash and undrawn credit lines.

Share Buybacks: The company repurchased 859,000 shares at an average price of $5.77, reducing share count by 1.6%.

Market Outlook: Management sees gradual rate improvement and expects the LNG shipping market to balance further with increased supply and vessel scrapping.

Key Financials
Operating Revenue
$85.5 million
Average TCE
$69,900 per day
Adjusted EBITDA
$56.5 million
Net Income
$11.9 million
Operating Margin
43%
Adjusted EBITDA Margin
63%
Vessel Operating Expense
$15,900 per day
Cash and Cash Equivalents
$109 million
Total Available Liquidity
$226 million
Share Buybacks
859,000 shares repurchased at $5.77 per share
Debt Hedging Ratio
75% of notional debt hedged or fixed (82% on net debt basis)
Average Interest Cost
5.6%
Earnings Call Recording
Other Earnings Calls

Management

Mr. Richard Tyrrell
CEO & Director
No Bio Available
Mr. Johannes P. Boots
Chief Financial Officer
No Bio Available
Mr. Stuart Buchanan
Head of Investor Relations
No Bio Available
Ms. Sarah Choudhry
Secretary & General Counsel
No Bio Available
Mr. Christopher Bergsland
Chief Commercial Officer
No Bio Available

Contacts

Address
Hamilton
2nd floor, S.E. Pearman Building, 9 Par-la-Ville Road
Contacts
+14412954705
www.coolcoltd.com