Cool Co Ltd

Earnings data Q1 2023

Earnings data Q2 2023

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Cool Co. Ltd. engages in the business of acquisition, ownership, operation, and chartering of liquefied natural gas carriers. It focuses on maintaining corporate existence including the incurrence of bank charges, financing fees, and professional services. The company was founded on October 31, 2018 and is headquartered in Hamilton, Bermuda.

--(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.

Cool Company Ltd. Announces First Half 2023 Earnings Release Date

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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.

The Second Quarter Provided LNG Shippers With A Stable Base Of Growth

Vessels are amongst the few scheduled to deliver in 2024 still available for time charter employment Acquisition price approximately 10% below current yard pricing, with 3-year earlier delivery Cool Company Limited (NYSE: CLCO / CLCO.OL “CoolCo” or the “Company”) announces today that it has exercised its option to acquire two newbuild 2-stroke LNG carriers from affiliates of EPS Ventures Ltd (“EPS”). The state-of-the-art MEGA LNG carriers (the “Newbuilds”) are scheduled to deliver from Hyundai Samho Heavy Industries (“HHI”) in Korea in September and December of 2024.

CoolCo Announces Exercise of Purchase Option for two 2-stroke LNG Carrier Newbuilds

Increased debt capacity by $70 million and reduced margin of existing bank facility maturing in February 2027 Incremental funds to finance previously announced LNGe conversion of five LNG carriers, including retrofitting with sub-coolers for LNG boil-off reliquefaction Cool Company Limited (NYSE: CLCO / CLCO.OL “CoolCo” or the “Company”) announces today that a syndicate of existing lenders in one of its bank facilities (the “Senior Secured Sustainability Linked Amortizing Term Loan” or “Facility”) has approved an increase in the debt amount of $70 million and has also agreed to reduce the Facility's interest rate margin from 275 basis points to 225 basis points. The additional funding is expected to be drawn on June 30, 2023.

CoolCo Announces Expansion of Bank Facility to Fund Recently Announced LNGe Conversion Upgrades

Cool Company operates in the growing Liquefied Natural Gas segment of the energy industry, focusing on environmentally friendly growth. Cool Company has demonstrated strong financial results and growth, with recent deals and a positive business development pipeline. Despite potential macro risks, Cool Company's strong outlook makes it an interesting stock from a value perspective.

Cool Company: A Promising Stock In The Growing LNG Market

HD Hyundai Global Service, a ship service subsidiary of HD Hyundai Group, has announced that it has signed contracts on June 6th with Cool Company Ltd (NYSE: CLCO / CLCO.OL “CoolCo”), an owner and operator of LNG vessels, to retrofit five LNG carriers with sub-coolers for LNG boil-off reliquefaction (“reliquefaction units”). The contract value is approximately 10M US Dollars per vessel.

HD Hyundai Global Service Signs Contract with CoolCo for LNG Boil-off Reliquefaction Unit Retrofit

Note to shareholders who hold shares registered in Euronext Securities Oslo, the central securities depository in Norway (the “VPS”):

Key Information Relating to the Cash Dividend to be Paid by Cool Company Ltd. (ticker: CLCO)

This release includes business updates and unaudited financial results for the three months ended March 31, 2023 ("Q1", "Q1 2023" or the "Quarter") of Cool Company Ltd. ("CoolCo" or the "Company").

Cool Company Ltd. Q1 2023 Business Update

Bermuda, May 17, 2023: 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 starting early next year. The multiyear charter is with an energy major and starts upon redelivery from the Vessel's current charter. It will add back log through to 2027.

Cool Company Ltd. Announces Multi-Year Forward Time Charter

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

Cool Company Ltd. Announces First Quarter 2023 Earnings Release Date

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Horos is an asset management firm that knows the benefits of value investing over the long term. We invest in companies that we consider, after analyzing them, to have a value higher than the price they ask for within the stock market.

Horos Asset Management Quarterly Letter To Our Co-Investors - May 2023

April 21, 2023 Bermuda: Cool Company Ltd. (“CoolCo” or the “Company”) announces that it has filed its Form 20-F for the year ended December 31, 2022 with the Securities and Exchange Commission (SEC) in the U.S. Form 20-F can be downloaded from the link below, is available on our website ( www.coolcoltd.com ) and shareholders may receive a hard copy free of charge upon request.

Cool Company Ltd. - Announcement of filing of Form 20-F Annual Report

Bermuda, March 22, 2023: Reference is made to the press release published by Cool Company Ltd. (“CoolCo” or the “Company”) on February 20, 2023 regarding the announcement that the Company had entered into an agreement to sell the Golar Seal (IMO: 9624914) (the “Vessel”) for $184.3 million.

Completion of previously announced sale of the Golar Seal pursuant to an agreement dated February 20, 2023

Bermuda, March 16, 2023: Reference is made to: (i) the press release published by Cool Company Ltd. (“CoolCo” or the “Company”) on February 14, 2023 regarding the Company's public filing of a registration statement with the U.S. Securities and Exchange Commission to list its common shares on the New York Stock Exchange (“NYSE”) (the “Listing”); (ii) the press release published by the Company on March 10, 2023 regarding the conclusion of the regulatory review process for the Listing; and (iii) the press release published by the Company on March 14, 2023 regarding the Trading Suspension required as part of the Reregistration Process for the Listing.

Completion of reregistration process, ticker change, and conclusion of trading suspension on Euronext Growth Oslo and commencement of trading on the NYSE

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.

Cool Company: Will High TCE Rates Bring Advantage For Investors?

The shares in Cool Company Ltd. (Ticker: COOL) will be traded ex dividend of $0.40 per share for the fourth quarter of 2022 as of today, March 2, 2023.

Cool Company Ltd. - Ex dividend

Note to shareholders registered in Euronext VPS, the Norwegian Central Security Depository: 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 Euronext VPS below.

Key information relating to the cash dividend to be paid by Cool Company Ltd. (ticker: Cool)

February 28, 2023This release includes business and financial updates for the quarter and twelve months ended December 31, 2022. The formation and funding of Cool Company Ltd. (“CoolCo” or the “Company”) and the phased acquisition of the Company's initial eight TFDE vessels, The Cool Pool Limited, and the shipping and FSRU management organization from Golar LNG Limited commenced in January 2022 and concluded on June 30, 2022. As a result of these acquisitions, results for the year ended December 31, 2022 ("FY 2022") include consolidated successor period and combined carve-out predecessor period results which on an aggregate basis represent the full year results for 2022. The three months ended December 31, 2022 ("Q4" or the "Quarter") only include a consolidated successor period. The subsequent acquisition of four LNG carriers on November 10, 2022 from an affiliate of EPS Ventures Ltd ("EPS"), has been treated as asset acquisitions, so the results for these four vessels are included within the successor period from the acquisition date.

Cool Company Ltd. Q4 2022 Business Update

Cool Company Ltd. will host a Q4 2022 Business Update call and webcast presentation on Tuesday, February 28, 2023, at 10:30A.M. Oslo time. 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

Cool Company Ltd. Announces Fourth Quarter, Full Year 2022 Earnings Release Date

Bermuda, February 20, 2023: Cool Company Ltd. (“CoolCo” or the “Company”) has entered into a agreement to sell the Golar Seal (IMO: 9624914) (the “Vessel”) for $184.3 million. The transaction is expected to close on redelivery of the Vessel from its current charter in late March, meaning the buyer shall assume all costs associated with the Vessel's forthcoming dry-dock, increasing the effective economic value to CoolCo to approximately $190 million.

Sale of the Golar Seal

Cool Company Ltd. on Tuesday registered securities with U.S. regulators to become a publicly-traded LNG shipping company on the New York Stock Exchange under the symbol CLCO starting on March 15.

News for Cool Co Ltd Stock (CLCO)