Cool Company Ltd. Q3 2024 Business Update
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Cool Company Ltd. (NYSE:CLCO) reported its Q3 2024 business update, showing a slight decrease in operating revenues to $82.4 million from $83.4 million in Q2 2024, attributed to scheduled drydock of three vessels.
November 21, 2024 | 6:15 am
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Cool Company Ltd. reported a slight decrease in Q3 2024 operating revenues to $82.4 million, down from $83.4 million in Q2 2024, due to scheduled drydock of three vessels.
The decrease in revenue is minor and attributed to scheduled maintenance, which is a regular operational activity. This suggests a neutral short-term impact on the stock price as the revenue drop is not due to operational inefficiencies or market loss.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100