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Stock impact report

Cool Company Ltd. Q3 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 ("Q3", "Q3 2024" or the "Quarter") and nine months ("9M 2024") ended September 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/20241120414649/en/Q3 Highlights and Subsequent EventsGenerated total operating revenues of $82.4 million in Q3, compared to $83.4 million for the second quarter of 2024 ("Q2" or "Q2 2024"), due to three vessels undergoing scheduled drydocking during the Quarter;Net income of $8.11 million in Q3, compared to $26.51 million for Q2 with the decrease primarily related to a loss in our mark-to-market interest rate swaps;Achieved average Time Charter Equivalent Earnings ("TCE")2 of $81,600 per day for Q3, compared to $78,400 per day for Q2, primarily due to contribution from one vessel that recently started a Show less Read more
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