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Cool Company Ltd. - CLCO STOCK NEWS

Welcome to our dedicated page for Cool Company Ltd. news (Ticker: CLCO), a resource for investors and traders seeking the latest updates and insights on Cool Company Ltd. stock.

Cool Company Ltd. (CLCO) is a leading player in the liquefied natural gas (LNG) shipping industry. Specializing in the acquisition, ownership, operation, and chartering of LNG carriers (LNGCs), Cool Company Ltd. is dedicated to ensuring the safe and efficient transportation of LNG across the globe.

The company is also engaged in the management of third-party fleets under management agreements, showcasing its expertise and reliability in the LNG shipping sector. Cool Company Ltd. takes pride in its state-of-the-art fleet and its commitment to maintaining the highest standards of safety and environmental performance.

Recently, Cool Company Ltd. has made significant strides in expanding its fleet and enhancing its operational capabilities. The company has entered into strategic partnerships and management agreements that further solidify its position in the market. Through continuous innovation and adherence to industry best practices, Cool Company Ltd. aims to provide unparalleled service to its clients.

Financially, Cool Company Ltd. remains robust, with consistent revenue growth and strong performance metrics. The company’s financial health is supported by long-term charter contracts, ensuring a steady stream of income and stability in a dynamic market.

Stay informed about the latest developments, performances, and events related to Cool Company Ltd. through our comprehensive news updates. Whether you are an investor, stakeholder, or industry enthusiast, our detailed insights and analyses provide valuable information to keep you updated on the company’s progress and market stance.

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Cool Company has announced that its shares will trade ex-dividend for the first quarter of 2024. The ex-dividend date is set for May 30, 2024, on the Oslo Stock Exchange (OSE) and May 31, 2024, on the New York Stock Exchange (NYSE). Shareholders will receive a dividend payout of $0.41 per share. This announcement complies with Section 5-12 of the Norwegian Securities Trading Act.

More details can be found on businesswire.com or by contacting the company's Investor Relations.

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The New York Stock Exchange (NYSE), ICR, Cravath, and CFGI are hosting a half-day event titled 'NYSE's Roadmap to Wall Street: Considerations for a US Listing' on May 23, 2024, in London. This event will guide European corporate teams through the US listing process, covering market trends, listing venues, audit, accounting, and legal considerations. Richard Tyrell, CEO of Cool Company (NYSE: CLCO), will give a keynote speech detailing CoolCo’s US listing journey. The event also includes networking opportunities and sessions on US capital markets, IPO readiness, and investor engagement.

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Cool Company (TICKER: CLCO) announced a cash dividend of $0.41 per share, declared in USD but payable in NOK for shares registered in Euronext Securities Oslo (VPS). Due to the implementation of the Central Securities Depository Regulation (CSDR) in Norway, payment dates will vary between the New York Stock Exchange (NYSE) and the Oslo Stock Exchange (OSE). The standard settlement cycle for trades on NYSE will be shortened to T+1 from May 28, 2024, while OSE will continue with T+2. Key dates include the last trading day with dividend rights on May 30, 2024 (NYSE) and May 29, 2024 (OSE), ex-date on May 31, 2024 (NYSE) and May 30, 2024 (OSE), and record date on May 31, 2024. Payment dates are on or about June 10, 2024 (NYSE) and June 13, 2024 (OSE).

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Cool Company (NYSE: CLCO) reported its Q1 2024 financial results with key highlights. The company generated total operating revenues of $88.1 million, a decrease from $97.1 million in Q4 2023, mainly due to vessel off-hire and lower floating rates. Net income increased to $36.81 million from $22.41 million, thanks to unrealized gains on interest rate swaps. EBITDA decreased to $58.5 million from $69.4 million. The company secured a 14-year charter with GAIL (India) , upsized its term loan facility by $200 million, and declared a $0.41 per share dividend. Fleet utilization was 95%, with planned drydocks and upgrades anticipated in Q3 2024. The LNG market remains volatile but supportive with LNG prices above $9/MMBtu due to energy security concerns.

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CoolCo (NYSE: CLCO / CLCO.OL) has entered into a 14-year Time Charter Party with GAIL (India) for one of its newbuild LNG carriers. The charter will commence in early 2025, upon the vessel's delivery in the Gulf of Mexico. This agreement boosts CoolCo's total revenue backlog to nearly $1.9 billion, including extension options. GAIL, an investment-grade company, is India's leading natural gas provider and may extend the charter by two additional years. The new LNG carriers are among the most efficient and lowest-emission vessels globally. This contract aims to secure LNG supply to India, a rapidly growing market.

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Cool Company (NYSE: CLCO / CLCO.OL) will host its First Quarter 2024 Earnings call and webcast on May 22, 2024, at 8:00 A.M. New York / 2:00 P.M. Oslo / 1:00 P.M. London. The webcast can be accessed via the Investors section of CoolCo's website. Analysts can participate in the Q&A session through teleconference, with call details provided on the website. The presentation materials will be downloadable, and a replay of the event will be available on-demand for one year.

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Cool Company filed its Form 20-F for the year ended December 31, 2023 with the SEC, offering easy access to shareholders for download or hard copy request.
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Cool Company Ltd. (CLCO) announces a dividend of $0.41 per share for the fourth quarter of 2023, impacting trading as of March 8, 2024.
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CLCO announces dividend payment details for shareholders registered in Euronext Securities Oslo. Dividend amount of $0.41 per share in USD, payable in NOK. Important dates include ex-date on March 8, 2024, and payment date on or before March 22, 2024.
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Cool Company Ltd. (CLCO) reports Q4 2023 financial highlights, with total operating revenues of $97.1 million and net income of $22.41 million. The company achieved an average TCE of $87,300 per day and generated Adjusted EBITDA of $69.4 million. CoolCo announced sale and leaseback financing arrangements for MEGA LNG carriers and received commitments to upsize existing term loan facilities. The company declared a dividend of $0.41 per share for Q4 and has a backlog of $1.4 billion in contracted revenue. CoolCo's CEO commented on strong operational performance and future growth expectations.
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FAQ

What does Cool Company Ltd. do?

Cool Company Ltd. specializes in the acquisition, ownership, operation, and chartering of LNG carriers and manages third-party fleets.

How does Cool Company Ltd. ensure safety in its operations?

The company maintains high safety standards and adheres to industry best practices to ensure the safe transportation of LNG.

What are some recent achievements of Cool Company Ltd.?

Cool Company Ltd. has expanded its fleet, enhanced operational capabilities, and entered into strategic partnerships.

How is Cool Company Ltd. performing financially?

The company exhibits consistent revenue growth, supported by long-term charter contracts and strong performance metrics.

What types of fleets does Cool Company Ltd. manage?

In addition to its own LNG carriers, Cool Company Ltd. manages third-party fleets under management agreements.

Who are the primary clients of Cool Company Ltd.?

The company serves a diverse client base, including energy companies, utility providers, and other stakeholders in the LNG supply chain.

Where does Cool Company Ltd. operate?

Cool Company Ltd. operates globally, ensuring the efficient transportation of LNG to various markets around the world.

What makes Cool Company Ltd. a leader in the LNG shipping industry?

The company's commitment to innovation, safety, and operational excellence positions it as a leader in the LNG shipping sector.

How can I stay updated on the latest news about Cool Company Ltd.?

You can stay informed by following the company’s news updates and detailed insights provided on platforms like StockTitan.

What is the stock symbol for Cool Company Ltd.?

The stock symbol for Cool Company Ltd. is CLCO.

Cool Company Ltd.

NYSE:CLCO

CLCO Rankings

CLCO Stock Data

648.73M
53.70M
58.39%
20.03%
0.52%
Pipeline Transportation of Crude Oil
Transportation and Warehousing
Link
United States of America
London