Cool Company Ltd Earnings Reports

Cool Company Ltd delivered solid operational results in Q3 2025, with revenue growth and high fleet utilization. However, profitability was impacted by one-time legal costs.

Cool Company Ltd. delivered a profitable Q2 2025 with $11.9 million in net income, driven by high fleet utilization and continued time charter earnings stability. Operating income rose due to lower vessel operating and depreciation expenses.

Cool Company Ltd. generated total operating revenues of $84.6 million in Q4 2024, with a net income of $29.4 million. Adjusted EBITDA came in at $55.3 million, slightly higher than Q3 2024. Despite lower charter rates, strong term charters and cost efficiencies supported profitability. The company opted not to declare a dividend due to prevailing market conditions.

Cool Company Ltd. reported total operating revenues of $83.4 million and net income of $26.5 million for Q2 2024. The company achieved an average Time Charter Equivalent Earnings of $78,400 per day, an increase from the previous quarter, supported by full quarter contributions from two vessels that recently started higher rate charters.

Cool Company Ltd reported total operating revenues of $88.1 million for Q1 2024, a decrease from Q4 2023. However, net income increased to $36.8 million, largely driven by unrealized mark-to-market gains on interest rate swaps. The company achieved an average Time Charter Equivalent Earnings of $77,200 per day and declared a quarterly dividend of $0.41 per share.

Cool Company Ltd reported total operating revenues of $92.9 million in Q3 2023, an increase from Q2 2023. Net income decreased to $39.21 million, primarily due to lower unrealized mark-to-market gains on interest rate swaps. The company achieved higher average Time Charter Equivalent Earnings of $82,400 per day and declared a dividend of $0.41 per share.