Cool Company Ltd. (CLCO) Q4 2023 Earnings Call Transcript
- Cool Company Ltd. (CLCO) Q4 2023 Earnings Call Transcript
- 02/28/2024
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Key Information Relating to the Cash Dividend to Be Paid by Cool Company Ltd. (TICKER: CLCO)
- HAMILTON, Bermuda--(BUSINESS WIRE)--Note to shareholders who hold shares registered in Euronext Securities Oslo, the central securities depository in Norway (the “VPS”): Due to implementation of the Central Securities Depository Regulation (“CSDR”) in Norway, please note the information on the payment date to the shares registered in the VPS below. Dividend amount: $0.41 per share Declared currency: USD. Dividends payable to shares registered in the VPS will be distributed in NOK. Last day incl.
- 02/28/2024
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Cool Company Ltd. Q4 2023 Business Update
- HAMILTON, Bermuda--(BUSINESS WIRE)--This release includes business and financial updates for the three ("Q4", "Q4 2023" or the "Quarter") and twelve months ("FY 2023") ended December 31, 2023 of Cool Company Ltd. ("CoolCo" or the "Company") (NYSE:CLCO / CLCO.OL). Q4 Highlights and Subsequent Events Generated total operating revenues of $97.1 million in Q4, compared to $92.9 million for the third quarter of 2023 ("Q3" or "Q3 2023"); Net income of $22.41 million in Q4, compared to $39.21 million.
- 02/28/2024
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Cool Company Ltd. Announces Fourth Quarter, Full Year 2023 Earnings Release Date
- HAMILTON, Bermuda--(BUSINESS WIRE)--Cool Company Ltd. (NYSE: CLCO / CLCO.OL, “CoolCo” or the “Company”) will host a Fourth Quarter and Full Year 2023 Earnings call and webcast presentation on Wednesday, February 28, 2024, at 8:00 A.M. New York / 2:00 P.M. Oslo / 1:00 P.M. London. The presentation will be available to download from the Presentations and Webcasts subsection of the Investors section of the Company's website at www.coolcoltd.com. We recommend that participants join the conference c.
- 02/22/2024
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Cool Company Ltd. - Increase in Share Capital
- HAMILTON, Bermuda--(BUSINESS WIRE)--Cool Company Ltd. (NYSE: CLCO / CLCO.OL) (the “Company”) announces that, following the recently announced issuance of shares related to the vesting of previously granted RSUs under the Company's Long-Term Incentive Plan (the “LTIP”), the Company's total number of issued shares has increased by 14,384 to 53,702,846, with each share having a nominal value of USD 1.00. Full details of the LTIP are available in the Press Release issued on November 25, 2022, or in.
- 02/22/2024
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Cool Company: My Favorite LNG Play At An Attractive Price Of 68% P/NAV
- Cool Company is an LNG pure play with a small fleet of 11 vessels and two more expected to be delivered in 2H2024. CLCO has 129% total debt to equity, 4.0 total debt to EBITDA, and 3.3 EBITDA/Interest expenses. It delivers 78% Gross margin, 70.9% EBITDA margin, and 29.4% ROE. CLCO trades at 68% P/NAV while paying dividends with a 14.4% FWD yield. Cool Co is my favorite LNG play, and my verdict is a strong buy.
- 02/16/2024
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These Vanguard Funds Have Been Hot, But Is It Time to Cool Off on Buying Them?
- On Tuesday, U.S. stocks swooned in response to the latest batch of inflation data from the Labor Department. Investors appear concerned that the Fed may now delay lowering interest rates until mid-summer.
- 02/15/2024
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Cool Company Ltd. Announces Time Charter
- HAMILTON, Bermuda--(BUSINESS WIRE)--Cool Company Ltd. (NYSE: CLCO / CLCO.OL, “CoolCo” or the “Company”) announced today that it has entered into a new time charter agreement for one of its TFDE vessels. The 12-month time charter is with Santos Shipping Singapore Pte Ltd and is scheduled to commence in the first quarter of 2024. In the third quarter of 2024, the vessel is expected to undergo its scheduled drydock, at which time the Company also intends to upgrade the vessel to LNGe specification.
- 02/07/2024
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Another Great Quarter And Year For LNG Shippers
- Another Great Quarter And Year For LNG Shippers
- 01/15/2024
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Cool Company: Value Investing In LNG Shipping Sector
- A solid value stock in the LNG maritime sector with 29% upside potential, led both by valuation and industry peer comparison, valuation ratios are at least 26% lower. LNG demand remains strong, led by emerging markets and Europe's shift from Russian gas. Europe is expected to expand its regasification capacity by nearly 48% by 2030, reaching a capacity of >294 mtpa. China's imports are gradually increasing.
- 12/19/2023
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4 Solid Stocks to Buy as Inflation Continues to Cool
- Virco Mfg (VIRC), Comcast (CMCSA), Warner Music Group (WMG) and The RealReal (REAL) are likely to benefit from the steady decline in inflation.
- 12/14/2023
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Cool Company Ltd. - Ex Dividend
- HAMILTON, Bermuda--(BUSINESS WIRE)--The shares in Cool Company Ltd. (NYSE: CLCO / CLCO.OL) will be traded ex dividend of $0.41 per share for the third quarter of 2023 as of today, December 6, 2023. This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.
- 12/06/2023
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Cool Company Ltd.: Granting Of Share Options And Restricted Stock Units To Primary Insiders and Mandatory Notification of Trades
- HAMILTON, Bermuda--(BUSINESS WIRE)--Long-Term Incentive Plan – 2022 – first tranche vesting In accordance with its Long-Term Incentive Program (the “LTIP”) for employees, management, and board members of Cool Company Ltd. (the “Company” or “CoolCo”) and its affiliate, the first tranche of the restricted stock units (“RSUs”) awarded in 2022 vest on November 30, 2023. The Company anticipates that the shares underlying the vested RSUs will be issued to grantees on or after December 7, 2023. At suc.
- 12/01/2023
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5 Stocks to Buy as Inflation Continues to Cool and Q3 GDP Grows
- Stocks like DoubleDown Interactive Co., Ltd. (DDI), Grand Canyon Education, Inc. (LOPE), Royal Caribbean Cruises Ltd.
- 12/01/2023
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Cool Company Ltd. (CLCO) Q3 2023 Earnings Call Transcript
- Cool Company Ltd. (NYSE:CLCO ) Q3 2023 Earnings Conference Call November 28, 2023 8:00 AM ET Company Participants Richard Tyrrell - Chief Executive Officer John Boots - Chief Financial Officer Conference Call Participants Frode Morkedal - Clarksons Securities Liam Burke - B.
- 11/28/2023
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Cool Company Ltd. Announces Third Quarter 2023 Earnings Release Date
- HAMILTON, Bermuda--(BUSINESS WIRE)--Cool Company Ltd. (NYSE: CLCO / CLCO.OL) (“CoolCo” or the “Company”) will host a Third Quarter 2023 Earnings call and webcast presentation on Tuesday, November 28, 2023, at 8:00 A.M. New York / 2:00 P.M. Oslo / 1:00 P.M. London. The presentation will be available to download from the Presentations and Webcasts subsection of the Investors section of the Company's website at www.coolcoltd.com. We recommend that participants join the conference call via the list.
- 11/21/2023
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The Third Quarter Showed The Hidden Power Of LNG Shippers
- The LNG shipping sector strengthened in Q3, gaining 1.74% while the S&P 500 index lost 2.52%. UPI outperformed SPX with bigger gains and lower volatility. Japan's "K" line had double-digit returns in both Q2 and Q3, while Excelerate Energy experienced a decline.
- 11/06/2023
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The Dividend Investor's Natural Gas Export Playbook - Part 4
- US natural gas exports are expected to increase from 14 BCF/d to over 26.5 BCF/day by 2030, alongside similar projects in Qatar and Australia. Natural Gas carriers FLEX LNG and Cool Company offer high cash flows and dividends thanks to rising shipping rates. The LNG shipping market will dramatically expand over the next three years as 270 new vessels and multiple export terminals enter service during that time.
- 11/03/2023
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Cool Company: Discounted But With Strong Fundamentals
- Liquified natural gas continues to grow despite the rise of renewable energy sources. Cool Company operates LNG carriers and is well-positioned to benefit from the increasing demand for LNG. CLCO has an appealing valuation with a low earnings multiple and strong earnings growth potential, making it a buy.
- 09/18/2023
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Cool Company: Rising LNG Demand Should Accelerate The Growth
- CLCO owns and operates fuel-efficient LNG carriers, providing essential supply chain support to the energy industry. I believe it can sustain this dividend for the next two quarters as well, which makes the annual dividend $1.64, representing a dividend yield of 11.95%. After comparing the forward P/S ratio of 1.55x with the sector median of 1.57x, we can say that the company is undervalued.
- 09/16/2023
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What Makes Cool Company Ltd. (CLCO) a Good Fit for 'Trend Investing'
- Cool Company Ltd. (CLCO) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks.
- 09/07/2023
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Cool Company Limited (CLCO) Q2 2023 Earnings Call Transcript
- Cool Company Limited (NYSE:CLCO ) Q2 2023 Results Conference Call August 31, 2023 8:00 AM ET Company Participants Richard Tyrrell - CEO Johannes Boots - CFO Conference Call Participants Chris Tsung - Webber Research Liam Burke - B. Riley Frode Morkedal - Clarksons Securities Operator Good morning ladies and gentlemen, and welcome to the Cool Company Limited First Half 2023 Business Update Call.
- 08/31/2023
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Cool Company Ltd. Announces First Half 2023 Earnings Release Date
- --(BUSINESS WIRE)--Cool Company Ltd. (NYSE: CLCO / CLCO.OL) (“CoolCo” or the “Company”) will host a First Half 2023 Earnings call and webcast presentation on Thursday, August 31, 2023, at 8:00 A.M. New York / 2:00 P.M. Oslo / 1:00 P.M. London. The presentation will be available to download from the Webcasts and Presentations subsection of the Investors section of the Company's website at www.coolcoltd.com. We recommend that participants join the conference call via the listen-only live webcast.
- 08/23/2023
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The Second Quarter Provided LNG Shippers With A Stable Base Of Growth
- The LNG market has stabilized, leading to a slowdown in the LNG shipping sector, with the UP World LNG Shipping Index declining 3.79% in Q2. Despite the slowdown, big investors are showing interest in the industry, with recent IPOs, merger deals, and takeovers, and investors maintaining faith in the sector's potential. The worst part of the year for LNG shippers is over, and positive expectations for the upcoming winter season could impact the UPI, potentially pushing it to cross the 155 mark in Q2.
- 07/20/2023
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Cool Company Ltd. Announces First Quarter 2023 Earnings Release Date
- Cool Company Ltd. will host a Q1 2023 Business Update call and webcast presentation on Tuesday, May 23, 2023, at 2:00P.M. Oslo time (1:00P.M. London; 8:00A.M. New York). The presentation will be available to download from the Webcasts and Presentations subsection of the Investors section of the company website at www.coolcoltd.com
- 05/16/2023
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Cool Company: Will High TCE Rates Bring Advantage For Investors?
- Cool Company is an LNG shipping company founded by Golar LNG and Eastern Pacific Shipping. CLCO fixed high TCE rates, has TFDE vessels, and paid the first-ever dividend for Q4-22.
- 03/15/2023
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