Golden Ocean Group Ltd Stock Price, News & Analysis

Golden Ocean Group (GOGL) has announced the release of its Q2 2024 financial results presentation. The company will host a webcast and conference call on today at 15:00 CEST to discuss the results. Interested parties can attend via webcast or conference call, with registration required for the latter. A Q&A session will follow the presentation, and details on how to submit questions will be provided at the start of the session.

The presentation materials are available for download on the company's website, www.goldenocean.bm, where replay details will also be posted. This announcement is made in compliance with the disclosure requirements of Section 5-12 of the Norwegian Securities Trading Act.

Golden Ocean Group (NASDAQ/OSE: GOGL), the world's largest listed owner of large dry bulk vessels, reported its Q2 2024 results. Key highlights include:

- Net income of $62.5 million and EPS of $0.31
- Adjusted EBITDA of $120.3 million
- TCE rates: Capesize $28,005/day, Panamax $15,721/day, fleet average $23,535/day
- Agreement to sell one Panamax vessel for $20.8 million
- 13.3% improvement in Carbon Intensity Indicator vs 2019 baseline
- Q3 2024 estimated TCE rates: Capesize $26,200/day (83% coverage), Panamax $17,200/day (94% coverage)
- Announced $0.30 per share cash dividend for Q2 2024

The company remains optimistic about the dry bulk market, citing strong demand fundamentals and favorable supply-side conditions.

Golden Ocean Group (GOGL) has announced the upcoming release of its Q2 2024 financial results on Wednesday, August 28, 2024. The company will host a conference call and webcast at 3:00 P.M. CEST (9:00 A.M. New York Time) on the same day to discuss the results. Investors and analysts can access the presentation through two methods:

1. Webcast: Available on the company's website at www.goldenocean.bm under the Investor Relations section.

2. Conference Call: Participants must register online to receive dial-in details.

A Q&A session will follow the presentation. The company will provide instructions on submitting questions at the beginning of the session.

Golden Ocean Group (NYSE: GOGL) has released its sixth annual ESG Report, prepared according to SASB, UN Global Compact, and NASDAQ/Euronext guidelines.

Interim CEO & CFO, Peder Simonsen, highlighted a significant achievement: a 13.3% reduction in CII emissions from the baseline year 2019, surpassing the 2022 result of 9.1%. The company is on track towards its goals of a 15% reduction by 2026, 30% by 2030, and net zero by 2050.

For more details, visit the company's website.

Golden Ocean Group (NASDAQ/OSE: GOGL) has announced that CEO Lars-Christian Svensen will step down to pursue new opportunities. CFO Peder Simonsen will assume the role of Interim CEO while maintaining his current position. Svensen will be available to the company until September 1, 2024. The transition was acknowledged by Chairman Ola Lorentzon, who thanked Svensen for his contributions. Svensen expressed gratitude for his tenure and confidence in the company's future. The announcement complies with the Norwegian Securities Trading Act.

Golden Ocean Group (GOGL) has released its Q1 2024 financial results. The company will discuss these results in a webcast/conference call scheduled for today at 15:00 CEST. Interested parties can attend via a provided webcast link or by registering online for the conference call. A Q&A session will follow the presentation. Presentation materials and a replay of the event will be available at the company's website, www.goldenocean.bm. This release complies with Section 5-12 of the Norwegian Securities Trading Act.

Golden Ocean Group (NASDAQ/OSE: GOGL), the world's largest listed owner of large size dry bulk vessels, reported unaudited results for Q1 2024. The company posted net income of $65.4 million and EPS of $0.33, up from $57.5 million and $0.29 in Q4 2023. Adjusted EBITDA was $114.3 million, a decrease from $123.2 million in the previous quarter. Adjusted net income also fell to $58.4 million from $64.6 million. Notably, TCE rates for Capesize and Panamax vessels were $27,222 and $14,978 per day, respectively. The company completed the sale of a Panamax vessel for $15.7 million and secured a $180 million credit facility at favorable terms post-quarter. A cash dividend of $0.30 per share will be distributed on June 17, 2024, with an optimistic outlook for future demand and fleet supply growth.

Golden Ocean Group (GOGL) will release its financial results for Q1 2024 on May 22, 2024, followed by a conference call and webcast on February 28, 2024. The presentation will be available for download from the Investor Relations section of their website. Investors can participate by visiting the website or registering online for the conference call.

Golden Ocean Group held its 2024 Annual General Meeting on April 29, 2024, presenting the audited financial statements for 2023. The resolutions passed include setting a maximum of eight Directors, re-electing current Directors, appointing auditors, and approving the Board's remuneration.