Streetbeat News

CLCO

Cool Company Ltd.

https://www.coolcoltd.com

Industry

Marine Shipping

Cool Company Ltd. engages in the ownership, operation, and management of liquefied natural gas carriers (LNGCs) that provides supply chain support solutions for energy industry. The company owns and operates a fleet of LNGCs, including tri-fuel diesel electric vessels; and floating storage and regasification units for third parties. Cool Company Ltd. was incorporated in 2018 and is headquartered in Hamilton, Bermuda.

Open

7.10

Mkt cap

392M

Volume

266K

High

7.33

P/E Ratio

4.24

52-wk high

13.68

Low

7.05

Div yield

0.19

52-wk low

7.05

Cool Company (CLCO) experienced a decline in share price due to recent dividend cuts and weakness in day rates. Despite these challenges, the company reported stable quarterly revenues and EBITDA. A realized loss from derivatives trading impacted the bottom line, but CLCO's modern fleet and $1.1 billion backlog provide revenue predictability and dividend safety.

Portfolio Pulse from

December 03, 2024 | 8:45 am

Cool Company Ltd announced the vesting of restricted stock units (RSUs) to primary insiders as part of its Long-Term Incentive Program. Key insiders, Richard Tyrrell and Johannes Boots, received 2,232 and 1,175 shares respectively.

Portfolio Pulse from

December 02, 2024 | 6:15 am

Cool Company Ltd. (NYSE: CLCO) will trade ex-dividend at $0.15 per share for Q3 2024. The ex-dividend date is November 29, 2024, on OSE and December 2, 2024, on NYSE.

Portfolio Pulse from

November 29, 2024 | 6:15 am

Cool Company Ltd. (NYSE:CLCO) held its Q3 2024 earnings conference call on November 21, 2024. The call featured company executives and analysts discussing the company's financial performance.

Portfolio Pulse from

November 22, 2024 | 1:00 am

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.

Portfolio Pulse from

November 21, 2024 | 6:15 am

Cool Company is set to report its Q3 earnings, with expectations that low fuel costs have positively impacted its bottom-line performance.

Portfolio Pulse from

November 19, 2024 | 4:30 pm

Cool Company Ltd. has announced the corrected date for its Third Quarter 2024 earnings call and webcast presentation, which will now take place on November 21, 2024.

Portfolio Pulse from

November 15, 2024 | 9:30 pm

Marvell Technology's shares rose 6.1% after reporting better-than-expected sales, contributing to a positive day for U.S. stocks. Other notable gainers included MongoDB, Intel, and MINISO Group, each experiencing significant stock price increases due to strong financial results or strategic developments.

Portfolio Pulse from Avi Kapoor

August 30, 2024 | 2:15 pm

Cool Co shares rise as the company reports better-than-expected Q2 sales.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 11:54 am

Cool Co (NYSE:CLCO) reported Q2 sales of $83.372 million, slightly beating the estimate of $83.333 million. However, sales decreased by 7.69% compared to last year, and net income dropped to $26.478 million from $44.646 million year-over-year.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 5:24 am

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.