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Dec 31, 2024
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Golden Ocean Q4 2024 Earnings Report
Golden Ocean reported solid performance despite market fluctuations for Q4 2024.
Key Takeaways
Golden Ocean Group reported Q4 2024 revenue of $210.97 million and net income of $39.0 million. Adjusted net income was $12.7 million, and adjusted EBITDA was $69.9 million. Earnings per share for the quarter were $0.20, while adjusted EPS was $0.06. The company also announced a cash dividend of $0.15 per share.
Reported Q4 2024 revenue of $210.97 million.
Net income for the quarter was $39.0 million.
Adjusted net income was $12.7 million.
Cash dividend of $0.15 per share announced.
Golden Ocean
Golden Ocean
Golden Ocean Revenue by Segment
Golden Ocean Revenue by Geographic Location
Revenue by Segment
Time Charter Revenue
CapyFin.comVoyage Charter Revenue
CapyFin.comRevenue by Geographic Location
Global Operations Revenue
CapyFin.com Forward Guidance
Golden Ocean expects continued demand growth driven by structural tailwinds in key commodities and fleet expansion.
Positive Outlook
- Continued growth in global dry bulk demand.
- Strong demand for iron ore and bauxite.
- Focus on fleet modernization and fuel efficiency.
- Resilience to market cycles with disciplined cost structure.
- Favorable Capesize vessel market dynamics.
Challenges Ahead
- Potential market weakness due to macroeconomic factors.
- Continued market volatility.
- Fluctuations in dry bulk freight rates.
- Pressure from rising operational costs.
- Ongoing geopolitical uncertainties.
Revenue & Expenses
Visualization of income flow from segment revenue to net income