- Cool Company press release (NYSE:CLCO): Q1 net income of $36.8 million in Q1, compared to $22.4 million for Q4.
- Revenue of $88.13M (-10.7% Y/Y) beats by $1.43M.
- Achieved average Time Charter Equivalent Earnings of $77,200 per day for Q1, compared to $87,300 per day for Q4.
- Adjusted EBITDA of $58.5 million for Q1, compared to $69.4 million for Q4.
- As of March 31, 2024, CoolCo had cash and cash equivalents of $105.8 million and total short and long-term debt, net of deferred finance charges, amounting to $1,042.6 million.
