Cool Company Ltd: Strong Q1 Performance and Growth

Cool Company Ltd (CLCO) has released an update.

Cool Company Ltd reported a net income of $36.81 million in Q1 2024, an increase from $22.41 million in the previous quarter, despite a decrease in operating revenues from $97.1 million in Q4 2023 to $88.1 million in Q1 2024. The company secured a significant 14-year charter and upsized its term loan facility, strengthening its financial position and future prospects. Additionally, CoolCo declared a quarterly dividend of $0.41 per share, signaling confidence in its stable financial status and long-term charter commitments.

For further insights into CLCO stock, check out TipRanks’ Stock Analysis page.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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