Golden Ocean Group Ltd Stock Price, News & Analysis

Golden Ocean Group Limited (NASDAQ: GOGL) reported strong financial results for Q4 and full year 2021. Net income reached $203.8 million, with earnings per share of $1.02, improving from Q3's $195.3 million and $0.97 respectively. Adjusted EBITDA was $243.5 million, also up from $229.7 million in Q3. The company announced a dividend of $0.90 per share. Despite some seasonal weakening in freight rates, the outlook for 2022 remains optimistic due to strong demand and low fleet supply.

Golden Ocean Group Limited is set to release its financial results for Q4 2021 on February 16, 2022. A teleconference and webcast will accompany the announcement at 4:00 P.M. CET (10:00 A.M. New York Time). Participants can join via a webcast on www.goldenocean.bm or by dialing in using provided phone numbers, including US Toll-Free: +1 877 870 9135. Conference ID for the event is 8843228. Replay details will also be available post-event, facilitating access to the session and presentation materials.

Golden Ocean Group Limited has announced its third quarter 2021 results presentation, scheduled for today at 15:00 CET. Investors can attend via a webcast or conference call. Key dial-in numbers for the conference include international and toll-free options for the UK, Norway, and the US. The presentation material will be available for download on the company's website, and playback details will also be accessible there. This announcement is in compliance with the Norwegian Securities Trading Act disclosure requirements.

Golden Ocean Group Limited (NASDAQ: GOGL) announced its Q3 2021 results, reporting a net income of $195.3 million and earnings per share of $0.97, a significant increase from Q2's $104.5 million and $0.52, respectively. The company achieved adjusted EBITDA of $229.7 million, up from $130.5 million in Q2. Average TCE rates for Capesize and Panamax vessels were reported at $38,142 and $24,733 per day. Additionally, a $0.85 cash dividend per share was announced for the quarter. Golden Ocean continues to maintain a strong position in the market with significant cash flow generation.

Golden Ocean Group Limited will announce its financial results for the third quarter of 2021 on Wednesday, 24 November 2021. A teleconference and webcast will take place at 3:00 P.M. CET (9:00 A.M. New York Time) on the same day, where a presentation will be available for download from the Investor Relations section of www.goldenocean.bm. Participants can join via a webcast link or dial-in using specific numbers provided. The Conference ID required for participation is 6885309.

Golden Ocean Group Limited (Nasdaq and OSE: GOGL) announced the sale of two older Panamax vessels for $37.2 million, expecting gains of approximately $4.9 million in Q3 and $5.0 million in Q4 2021. The proceeds will fund a significant portion of the equity required for four new Kamsarmax vessels, which are set for delivery in late 2023. This move enhances the fleet's fuel efficiency and aligns with the Company's commitment to modernize its operations and generate cash flows amidst a favorable dry bulk market.

Golden Ocean Group Limited (NASDAQ and OSE: GOGL) announced that an option holder has exercised options for 20,000 shares of the Company.

The transaction will be settled using treasury shares, which will result in Golden Ocean holding a total of 755,000 treasury shares after the exercise. This information aligns with prior disclosures and is mandated under the Norwegian Securities Trading Act.

Golden Ocean Group Limited (Nasdaq: GOGL) has announced an agreement to construct three ECO-type Kamsarmax vessels, each with a capacity of 85,000 dwt, at a leading shipyard in China. These vessels will feature advanced propulsion systems aimed at improving fuel efficiency and reducing emissions. Scheduled for delivery between Q3 2023 and Q1 2024, the project will be financed through operating cash flow and cash reserves, with long-term debt options considered nearer to the delivery date. This investment aligns with Golden Ocean's strategy to modernize its fleet while maintaining dividend capacity.

Golden Ocean Group Limited is set to present its second quarter 2021 results in a webcast and conference call scheduled for 16:00 CET. Interested participants can join the session via a provided link and can also access dial-in numbers for various countries including the US, UK, and Norway. The presentation materials will be available for download on their official website, along with replay details. This announcement adheres to the disclosure requirements of the Norwegian Securities Trading Act.