Welcome to our dedicated page for Golden Ocean Group news (Ticker: GOGL), a resource for investors and traders seeking the latest updates and insights on Golden Ocean Group stock.
Golden Ocean Group Limited (NASDAQ: GOGL, OSE: GOGL) is a Bermuda-based dry bulk shipping company specializing in the transportation of dry bulk cargo such as ores, coal, grains, and fertilizers. Operating under the international trade and development sector, the company is headquartered in Madrid, Spain. Golden Ocean Group leverages a robust fleet comprised of owned and chartered vessels, including bareboat vessels and commercial management vessels. These vessels are chartered out on both fixed-rate time charters and index-linked time charter contracts, ensuring flexibility and adaptability in various market conditions.
In recent developments, the company announced the appointment of Mr. Cato Stonex as Director. Additionally, Golden Ocean Group has been transparent with its financial performance, presenting its fourth quarter 2023 results in a webcast and conference call. The company's annual report for the year ended December 31, 2023, has been filed with the U.S. Securities and Exchange Commission and is accessible through their website. Shareholders can also request a hard copy of the report which includes the complete audited financial statements for 2023.
Looking ahead, Golden Ocean Group has scheduled its 2024 Annual General Meeting for April 29, 2024, with the associated information and financial statements available on their website. The company has also released its first-quarter 2024 results, offering insights through another webcast and conference call.
In a significant leadership change, Lars-Christian Svensen, the Chief Executive Officer of Golden Ocean Management AS, has stepped down to pursue new opportunities. The company's Chief Financial Officer, Peder Simonsen, has been appointed as the Interim CEO and CFO. The Board expressed their gratitude for Mr. Svensen's contributions and leadership, wishing him success in his future endeavors.
Golden Ocean Group (GOGL) has continued its share buy-back program, purchasing 545,000 of its own common stocks between December 11-17, 2024. The company acquired 420,000 shares on the Oslo Stock Exchange at an average price of NOK 101.62 per share and 125,000 shares on Nasdaq at an average price of USD 9.21 per share. Following these transactions, GOGL now owns 1,707,328 of its own shares, representing 0.85% of the company's share capital. This is part of the previously announced USD 100 million buy-back program launched on October 2, 2024, which allows for purchasing up to 10,000,000 common shares over a 12-month period.
Golden Ocean Group (GOGL) has announced its third quarter 2024 results presentation, which will be discussed in a webcast/conference call scheduled for 14:30 CET. Participants can join via webcast using the provided link or through a conference call requiring prior online registration. The presentation materials are available for download on the company's website, and a Q&A session will follow the presentation. A replay of the event will also be made available on the company's website.
Golden Ocean Group (NASDAQ/OSE: GOGL) reported Q3 2024 results with a net income of $56.3 million and earnings per share of $0.28, compared to $62.5 million and $0.31 in Q2 2024. The company achieved Adjusted EBITDA of $124.4 million, up from $120.3 million in Q2. TCE rates were $28,295 per day for Capesize and $16,361 for Panamax vessels. The company announced vessel sales, renewed its share buy-back program, secured a $150 million refinancing facility, and declared a cash dividend of $0.30 per share.
Golden Ocean Group has announced it will release its Q3 2024 financial results on Wednesday, November 27, 2024. The company will host a conference call and webcast at 2:30 P.M. CET (8:30 A.M. New York Time) on the same day. The presentation materials will be available for download from the company's Investor Relations website prior to the event. A Q&A session will follow the presentation, with participation details to be provided at the start of the session.
Golden Ocean Group (OSE/NASDAQ: GOGL) has announced the renewal of its share buy-back program for an additional 12 months, from 5 October 2024 to 4 October 2025. The program allows for the repurchase of up to 10,000,000 common shares, with a maximum expenditure of USD 100 million. As of the announcement date, 1,507,328 shares have been repurchased for USD 11,629,758.
The company will conduct repurchases on both the Oslo Stock Exchange and Nasdaq, reporting buy-backs in accordance with Oslo Stock Exchange disclosure requirements. The timing and amount of repurchases will depend on various factors, including market conditions and stock price.
Peder Simonsen, Interim CEO and CFO, stated that the program extension is in shareholders' interest, citing volatile market conditions and periods where GOGL shares traded at a discount to underlying substance values. The buy-back program will be used opportunistically alongside the company's focus on dividends.
Golden Ocean Group (GOGL) is set to participate in Pareto Securities' 31st Energy Conference on September 12, 2024. The company's Interim CEO and CFO, Peder Simonsen, will be presenting at the event. This presentation is subject to disclosure requirements under Section 5-12 of the Norwegian Securities Trading Act. The company has also provided an attachment titled 'Golden Ocean Company Presentation September 2024' for further details.
Golden Ocean Group (GOGL) has announced the release of its Q2 2024 financial results presentation. The company will host a webcast and conference call on today at 15:00 CEST to discuss the results. Interested parties can attend via webcast or conference call, with registration required for the latter. A Q&A session will follow the presentation, and details on how to submit questions will be provided at the start of the session.
The presentation materials are available for download on the company's website, www.goldenocean.bm, where replay details will also be posted. This announcement is made in compliance with the disclosure requirements of Section 5-12 of the Norwegian Securities Trading Act.
Golden Ocean Group (NASDAQ/OSE: GOGL), the world's largest listed owner of large dry bulk vessels, reported its Q2 2024 results. Key highlights include:
- Net income of $62.5 million and EPS of $0.31
- Adjusted EBITDA of $120.3 million
- TCE rates: Capesize $28,005/day, Panamax $15,721/day, fleet average $23,535/day
- Agreement to sell one Panamax vessel for $20.8 million
- 13.3% improvement in Carbon Intensity Indicator vs 2019 baseline
- Q3 2024 estimated TCE rates: Capesize $26,200/day (83% coverage), Panamax $17,200/day (94% coverage)
- Announced $0.30 per share cash dividend for Q2 2024
The company remains optimistic about the dry bulk market, citing strong demand fundamentals and favorable supply-side conditions.
Golden Ocean Group (GOGL) has announced the upcoming release of its Q2 2024 financial results on Wednesday, August 28, 2024. The company will host a conference call and webcast at 3:00 P.M. CEST (9:00 A.M. New York Time) on the same day to discuss the results. Investors and analysts can access the presentation through two methods:
1. Webcast: Available on the company's website at www.goldenocean.bm under the Investor Relations section.
2. Conference Call: Participants must register online to receive dial-in details.
A Q&A session will follow the presentation. The company will provide instructions on submitting questions at the beginning of the session.
Golden Ocean Group (NYSE: GOGL) has released its sixth annual ESG Report, prepared according to SASB, UN Global Compact, and NASDAQ/Euronext guidelines.
Interim CEO & CFO, Peder Simonsen, highlighted a significant achievement: a 13.3% reduction in CII emissions from the baseline year 2019, surpassing the 2022 result of 9.1%. The company is on track towards its goals of a 15% reduction by 2026, 30% by 2030, and net zero by 2050.
For more details, visit the company's website.
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