Cool Co Q2 2023 results

Announced today (08/31)

  • Operating rev of $90.3M
  • Net income of $44.6M
  • TCE of $81.1K daily
  • Declared div of 41c/sh

2Q23 Results Presentation (

Declared options on 2 MEGI LNG newbuilds - not a major surprise. Arranged financing for existing tanker mods that improve efficiency of 5 tankers. More LNG production coming online in 2024. This bodes well for the two newbuilds that deliver during that year.

Surprised by CLCO price retreat on the results. Slight dip in revenue. But this was expected given that rates dip in Q2 (seasonal item). Australian industry strike could be positive for spot rates.

Have a CLCO stake.

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