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Stock impact report

Cool Company Ltd. Q2 2024 Business Update

Cool Company Ltd. Common Shares (CLCO) 
Company Research Source: Business Wire
LONDON--(BUSINESS WIRE)--This release includes business updates and unaudited interim financial results for the three ("Q2", "Q2 2024" or the "Quarter") and six months (“1H 2024") ended June 30, 2024 of Cool Company Ltd. ("CoolCo" or the "Company") (NYSE:CLCO / CLCO.OL).This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240828946588/en/Q2 Highlights and Subsequent EventsGenerated total operating revenues of $83.4 million in Q2, compared to $88.1 million for the first quarter of 2024 ("Q1" or "Q1 2024") primarily related to a drawn-out drydock, lower rates on our single variable charter and lower vessel management fees as contracts came to an end, partly offset by two vessels rolling over to higher rates;Net income of $26.51 million in Q2, compared to $36.81 million for Q1 with the decrease primarily related to a reduced unrealized gain on our mark-to-market interest rate swaps;Achieved average Time Charter Equivalent Earnin Show less Read more
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