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Cool Company Ltd. - CLCO STOCK NEWS

Welcome to our dedicated page for Cool Company Ltd. news (Ticker: CLCO), a resource for investors and traders seeking the latest updates and insights on Cool Company Ltd. stock.

Cool Company Ltd. (CLCO) is a leading player in the liquefied natural gas (LNG) shipping industry. Specializing in the acquisition, ownership, operation, and chartering of LNG carriers (LNGCs), Cool Company Ltd. is dedicated to ensuring the safe and efficient transportation of LNG across the globe.

The company is also engaged in the management of third-party fleets under management agreements, showcasing its expertise and reliability in the LNG shipping sector. Cool Company Ltd. takes pride in its state-of-the-art fleet and its commitment to maintaining the highest standards of safety and environmental performance.

Recently, Cool Company Ltd. has made significant strides in expanding its fleet and enhancing its operational capabilities. The company has entered into strategic partnerships and management agreements that further solidify its position in the market. Through continuous innovation and adherence to industry best practices, Cool Company Ltd. aims to provide unparalleled service to its clients.

Financially, Cool Company Ltd. remains robust, with consistent revenue growth and strong performance metrics. The company’s financial health is supported by long-term charter contracts, ensuring a steady stream of income and stability in a dynamic market.

Stay informed about the latest developments, performances, and events related to Cool Company Ltd. through our comprehensive news updates. Whether you are an investor, stakeholder, or industry enthusiast, our detailed insights and analyses provide valuable information to keep you updated on the company’s progress and market stance.

News

Cool Company Ltd. - Announcement Of Filing Of Form 20-F Annual Report

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Cool Company filed its Form 20-F for the year ended December 31, 2023 with the SEC, offering easy access to shareholders for download or hard copy request.
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Cool Company Ltd. - Ex Dividend

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Cool Company Ltd. (CLCO) announces a dividend of $0.41 per share for the fourth quarter of 2023, impacting trading as of March 8, 2024.
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Key Information Relating to the Cash Dividend to Be Paid by Cool Company Ltd. (TICKER: CLCO)

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CLCO announces dividend payment details for shareholders registered in Euronext Securities Oslo. Dividend amount of $0.41 per share in USD, payable in NOK. Important dates include ex-date on March 8, 2024, and payment date on or before March 22, 2024.
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Cool Company Ltd. Q4 2023 Business Update

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Cool Company Ltd. (CLCO) reports Q4 2023 financial highlights, with total operating revenues of $97.1 million and net income of $22.41 million. The company achieved an average TCE of $87,300 per day and generated Adjusted EBITDA of $69.4 million. CoolCo announced sale and leaseback financing arrangements for MEGA LNG carriers and received commitments to upsize existing term loan facilities. The company declared a dividend of $0.41 per share for Q4 and has a backlog of $1.4 billion in contracted revenue. CoolCo's CEO commented on strong operational performance and future growth expectations.
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Cool Company Ltd. Announces Fourth Quarter, Full Year 2023 Earnings Release Date

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Cool Company Ltd. (CLCO) to host Fourth Quarter and Full Year 2023 Earnings call and webcast presentation on February 28, 2024. Participants can access the presentation and join the conference call via the Company's website. Sell-side analysts can ask questions during the Q&A session following the presentation.
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Cool Company Ltd. - Increase in Share Capital

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Cool Company Ltd. (CLCO) announces an increase in issued shares by 14,384 to 53,702,846 due to the vesting of RSUs under the Long-Term Incentive Plan. Each share now has a nominal value of USD 1.00. Details available in the 2022 Annual Report. Contact for more information: +44 207 659 1111 / ir@coolcoltd.com.
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Cool Company Ltd. Announces Time Charter

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Cool Company Ltd. (NYSE: CLCO / CLCO.OL) has entered into a 12-month time charter agreement for one of its TFDE vessels with Santos Shipping Singapore Pte Ltd. The vessel is expected to undergo an upgrade to LNGe specifications during the charter period, including reliquefaction capability, air lubrication systems, and other optimizations to enhance efficiency and reduce emissions. The charter includes an innovative mechanism to reward both the charterer and CoolCo, taking the fleet utilization to 100% until the end of the second quarter. The total operating revenue guidance for 1Q24 is $88-89 million and $84-85 million for 2Q24, subject to no technical off-hire. The anticipated lower revenue range in 2Q24 is primarily due to off-hire during a scheduled drydock of another vessel. The CEO, Richard Tyrrell, expressed delight with the innovative agreement, highlighting the alignment of incentives between the owner and charterer to enhance efficiency and minimize emissions.
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Cool Company Ltd. - Ex Dividend

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Cool Company Ltd. (NYSE: CLCO / CLCO.OL) shares will be traded ex dividend of $0.41 per share for Q3 2023 as of December 6, 2023. Contact details for inquiries: c/o Cool Company Ltd - +44 207 659 1111 / ir@coolcoltd.com
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Cool Company Ltd.: Granting Of Share Options And Restricted Stock Units To Primary Insiders and Mandatory Notification of Trades

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Cool Company Ltd. (CoolCo) (Ticker: CCL) announces the first tranche vesting of restricted stock units (RSUs) awarded in 2022 for employees, management, and board members, with a total of 14,381 shares to be issued on or after December 7, 2023. Additionally, the board has authorized options and RSUs for 2023, granting a total of 74,246 Options and 102,107 RSUs to employees, management, and board members, equivalent to approximately 0.14% and 0.19% of the company's share capital, respectively.
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Cool Company Ltd.: 2023 AGM Results Notification

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Cool Company Ltd. (NYSE: CLCO / CLCO.OL) held its 2023 Annual General Meeting on November 29, 2023, in Bermuda. The meeting approved amended Bye-laws, set the maximum number of Directors to nine, re-elected and elected Directors, appointed auditors, and approved the Board of Directors' remuneration.
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FAQ

What is the current stock price of Cool Company Ltd. (CLCO)?

The current stock price of Cool Company Ltd. (CLCO) is $7.38 as of December 20, 2024.

What is the market cap of Cool Company Ltd. (CLCO)?

The market cap of Cool Company Ltd. (CLCO) is approximately 402.4M.

What does Cool Company Ltd. do?

Cool Company Ltd. specializes in the acquisition, ownership, operation, and chartering of LNG carriers and manages third-party fleets.

How does Cool Company Ltd. ensure safety in its operations?

The company maintains high safety standards and adheres to industry best practices to ensure the safe transportation of LNG.

What are some recent achievements of Cool Company Ltd.?

Cool Company Ltd. has expanded its fleet, enhanced operational capabilities, and entered into strategic partnerships.

How is Cool Company Ltd. performing financially?

The company exhibits consistent revenue growth, supported by long-term charter contracts and strong performance metrics.

What types of fleets does Cool Company Ltd. manage?

In addition to its own LNG carriers, Cool Company Ltd. manages third-party fleets under management agreements.

Who are the primary clients of Cool Company Ltd.?

The company serves a diverse client base, including energy companies, utility providers, and other stakeholders in the LNG supply chain.

Where does Cool Company Ltd. operate?

Cool Company Ltd. operates globally, ensuring the efficient transportation of LNG to various markets around the world.

What makes Cool Company Ltd. a leader in the LNG shipping industry?

The company's commitment to innovation, safety, and operational excellence positions it as a leader in the LNG shipping sector.

How can I stay updated on the latest news about Cool Company Ltd.?

You can stay informed by following the company’s news updates and detailed insights provided on platforms like StockTitan.

What is the stock symbol for Cool Company Ltd.?

The stock symbol for Cool Company Ltd. is CLCO.

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Cool Company Ltd.

NYSE:CLCO

CLCO Rankings

#3281 Ranked by Market Cap
#308 Ranked by Dividends

CLCO Stock Data

402.41M
22.35M
58.39%
23.18%
1.28%
Oil & Gas Midstream
Energy
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United States of America
London