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CoolCo Reports Strong Q4 Amid Charter Market Challenges

2/27/2025

24 5

Summary

Story summary

CoolCo's Q4 2024 results were affected by low charter rates and spot market employment.
The company achieved $84.6 million in operating revenues and a net income of $29.41 million, a significant increase from Q3.
CEO Richard Tyrrell highlighted high LNG prices and new vessel deliveries as pressures on the charter market, with normalization expected in 2025.
With a backlog over $1 billion and $288 million in liquidity, CoolCo chose to forgo dividends for financial flexibility.

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Story summary

CoolCo's Q4 2024 results were affected by low charter rates and spot market employment.
The company achieved $84.6 million in operating revenues and a net income of $29.41 million, a significant increase from Q3.
CEO Richard Tyrrell highlighted high LNG prices and new vessel deliveries as pressures on the charter market, with normalization expected in 2025.
With a backlog over $1 billion and $288 million in liquidity, CoolCo chose to forgo dividends for financial flexibility.