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Earnings Call Summary | Cool Company(CLCO.US) Q4 2023 Earnings Conference

Earnings Call Summary | Cool Company(CLCO.US) Q4 2023 Earnings Conference

業績電話會議摘要 | Cool Company (CLCO.US) 2023 年第四季度業績發佈會
富途資訊 ·  02/29 05:44  · 電話會議

The following is a summary of the Cool Company Ltd. (CLCO) Q4 2023 Earnings Call Transcript:

以下是 Cool Company Ltd. (CLCO) 2023年第四季度業績電話會議記錄摘要：

Financial Performance:

財務業績：

  • Cool Company Ltd. reported Q4 time and voyage charter revenues of $89.3 million with a record time charter equivalent rate of $87,300 per day.

  • Total operating revenues for the Q4 were $97.1 million, exceeding previous guidance, with full year time and voyage chartering revenues at $347 million, and total operating revenues were $379 million.

  • Operating income increased by 14% from Q3 to $55.1 million, while Q4 net income was at $22.4 million.

  • Costs related to vessel operating were significantly lower than previous quarters, at $16,600 per day per vessel.

  • CoolCo declared cumulative dividends amounting to $88 million for 2023, with Q4 dividend reported at $0.41 per share, representing a 64% payout of Q4 net income.

  • The company secured commitments from various banks which will allow the refinancing and upsizing of its current $520 million credit facility.

  • Cool Company Ltd.報告稱，第四季度定期和航行包機收入爲8,930萬美元，創紀錄的定期包機等值費率爲每天87,300美元。

  • 第四季度的總營業收入爲9,710萬美元，超過了先前的預期，全年包機和航次租船收入爲3.47億美元，總營業收入爲3.79億美元。

  • 營業收入較第三季度增長了14％，達到5,510萬美元，而第四季度的淨收入爲2,240萬美元。

  • 與船舶運營相關的成本明顯低於前幾個季度，爲每艘船每天16,600美元。

  • CoolCo宣佈2023年累計分紅爲8,800萬美元，第四季度股息爲每股0.41美元，相當於第四季度淨收益的64％。

  • 該公司獲得了多家銀行的承諾，這將允許再融資和擴大其目前的5.2億美元信貸額度。

Business Progress:

業務進展：

  • The company benefited from increased demand for its shipping services due to disturbances at the Panama Canal and the Red Sea.

  • CoolCo projects improvement in its rates by the time its next available vessels are up for re-charter, due to expected increases in LNG shipments and longer shipping distances.

  • A 12-month charter for one of its vessels has been announced post-Q4.

  • The company announces plans to upgrade its vessel, Husky, to LNGe specs, expecting a shared performance increase with the charterer.

  • Possibility of vessel retirements due to high maintenance costs amid lower rates.

  • CoolCo is optimistic about its business expansion in East Asian markets due to the expected increase in LNG demand.

  • Revenues for 2024 are expected to be committed for 95%, with an average time charter equivalent rate of $76,000 per day per vessel.

  • 由於巴拿馬運河和紅海的混亂，該公司受益於對其航運服務的需求增加。

  • CoolCo預計，由於液化天然氣運輸量預計增加和運輸距離延長，到下一艘可用船舶重新租船時，其費率將有所改善。

  • 第四季度後宣佈了其一艘船的12個月租約。

  • 該公司宣佈計劃將其Husky號船升級到液化天然氣規格，預計將與租船公司共同提高性能。

  • 在較低的費率下，由於維護成本高，船舶有可能退役。

  • 由於液化天然氣需求預計將增加，CoolCo對其在東亞市場的業務擴張持樂觀態度。

  • 預計2024年的收入將達到95％，平均定期租賃等值費率爲每艘船每天76,000美元。

More details: Cool Company IR

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Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。

譯文內容由第三人軟體翻譯。


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