Welcome to our dedicated page for Cool Co news (Ticker: CLCO), a resource for investors and traders seeking the latest updates and insights on Cool Co stock.
Cool Co Ltd (CLCO) delivers essential LNG shipping solutions through its global fleet operations and strategic partnerships. This news hub provides investors and industry stakeholders with timely updates on the company's maritime transport activities, market positioning, and role in the clean energy transition.
Access official press releases covering charter agreements, fleet management developments, and operational milestones. Our curated collection includes earnings reports, vessel acquisition announcements, and analyses of LNG market trends impacting CLCO's operations. All content is verified through primary sources to ensure reliability.
Key updates feature long-term contract signings with energy producers, technological advancements in LNG carrier operations, and regulatory developments affecting maritime logistics. Bookmark this page for streamlined access to CLCO's latest strategic moves within the evolving energy transportation sector.
Cool Company Ltd. (CLCO) has entered into a definitive merger agreement with EPS Ventures Ltd, where EPS will acquire all outstanding shares of CoolCo not already owned by EPS for $9.65 per share in cash. The transaction represents a 26% premium to CoolCo's September 22 closing price and a 38% premium to the 90-day volume-weighted average price.
The merger, unanimously approved by CoolCo's independent Special Committee and Board of Directors, will take the company private. EPS currently owns 59.3% of CoolCo's shares and has committed to vote in favor of the transaction. The deal is expected to close between Q4 2025 and Q1 2026, subject to shareholder approval and customary closing conditions.
CoolCo (NYSE:CLCO) has entered into advanced discussions with EPS Ventures Ltd regarding a potential acquisition of all outstanding CoolCo shares not already owned by EPS. The proposed transaction values CoolCo at $9.65 per share in cash, representing a 26% premium to the September 22 closing price and a 38% premium to the 90-day volume-weighted average price.
EPS currently owns 59.3% of CoolCo's common shares and plans to acquire the remaining stake through a cash merger. Upon completion, CoolCo would become wholly owned by EPS and seek delisting from NYSE and Euronext Growth Oslo. The transaction is expected to close in Q4 2025 or Q1 2026, subject to shareholder approval and customary closing conditions.
Cool Company Ltd. (CLCO) reported solid Q2 2025 financial results with total operating revenues of $85.5 million, consistent with Q1 2025. Net income increased to $11.9 million in Q2 from $9.1 million in Q1, while Adjusted EBITDA rose to $56.5 million from $53.4 million.
The company achieved average Time Charter Equivalent earnings of $69,900 per day in Q2. Notable developments include hedging $300.0 million of floating rate debt, initiating a share repurchase program with 858,689 shares bought at an average price of $5.77, and completing strategic vessel drydocks.
The LNG market outlook remains positive, with global LNG production expected to reach 460 MTPA by end-2025, a 12% increase from 2024. The company maintains strong fleet utilization at 94% and has secured new charter agreements, including a three-year floating-rate charter for one vessel.
Cool Company Ltd. (NYSE: CLCO) has scheduled its First Half 2025 Earnings conference call and webcast for Thursday, August 28, 2025, at 8:00 A.M. New York / 2:00 P.M. Oslo / 1:00 P.M. London.
The company will make the presentation materials available in the Investors section of their website at www.coolcoltd.com. Participants are encouraged to join via the listen-only webcast, while sell-side analysts can participate in the Q&A session through teleconference dial-in options. The Q&A session will be limited to two questions per participant.
Cool Company (NYSE: CLCO) has announced the filing of its Form 20-F annual report for the fiscal year ended December 31, 2024, with the U.S. Securities and Exchange Commission (SEC). The report is accessible through multiple channels, including the company's website at www.coolcoltd.com. Shareholders can request a complimentary hard copy of the report.
Cool Company (CLCO) has announced the granting of Restricted Stock Units (RSUs) as part of its Long-Term Incentive Program (LTIP). The Board has authorized 205,871 RSUs to employees and management, representing approximately 0.38% of the company's share capital.
The RSUs will vest equally over four installments between November 2025 and November 2028. Key allocations include:
- CEO Richard Tyrrell: 14,404 RSUs (total holdings: 8,545 shares, 22,745 RSUs, 371,227 Options)
- CFO Johannes Boots: 7,789 RSUs (total holdings: 1,764 shares, 12,205 RSUs, 123,742 Options)
Cool Company (CLCO) reported Q4 2024 financial results with total operating revenues of $84.6 million, up from $82.4 million in Q3 2024. Net income increased to $29.41 million from $8.11 million in Q3, primarily due to mark-to-market gains in interest rate swaps.
Key Q4 metrics include average Time Charter Equivalent Earnings of $73,900 per day and Adjusted EBITDA of $55.3 million. The company took delivery of newbuild vessel Kool Tiger and refinanced its syndicated bank facility into a $570 million reducing revolving credit facility, extending maturity to 2029.
No dividend was declared due to insufficient market rates. The company maintains strong liquidity with $288 million available and a firm backlog exceeding $1 billion. Current market challenges include low spot rates, reaching historic lows of $2,750 per day by quarter-end, due to newbuild deliveries and delays in new LNG supply.
Cool Company (NYSE: CLCO) has scheduled its Fourth Quarter and Full Year 2024 Earnings call and webcast presentation for Thursday, February 27, 2025, at 8:00 A.M. New York / 2:00 P.M. Oslo / 1:00 P.M. London.
The presentation materials will be available for download from the company's website. Participants are encouraged to join via the listen-only live webcast link. Sell-side analysts can participate in the Q&A session through teleconference dial-in options, with a limit of two questions per participant.
The company recommends connecting 10 minutes before the scheduled start time. A replay of the event audio will be available on-demand for one year on the company's website.
Cool Company (NYSE: CLCO / CLCO.OL) has announced an increase in its total issued shares following the vesting of previously granted RSUs under the company's Long-Term Incentive Plan (LTIP). The share count increased by 23,872 shares, bringing the total number of issued shares to 53,726,718. Each share maintains a nominal value of USD 1.00. The complete details of the LTIP can be found in the company's November 25, 2022 Press Release or in their 2023 Annual Report on Form 20-F filed with the SEC.
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