T II E II I alvarez Cool Company (NYSE:CLCO) is currently offering one of the most attractive dividend yields among shipping equities at about 13.7%. The LNG transportation giant, with 11 vessels on its roster, posted its Q2 results on Thursday. The company showed strong numbers and kept the dividend steady, which was a big relief for investors. The stock has risen since, especially after some recent drama around a potential dividend cut. Here's what happened: on Wednesday, August 28th (the day before earni ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of August 2024 Commission File Number: 001-41625 Cool Company Ltd. (Translation of registrant's name into English) | --- | --- | |--------------------------------------------------------|---------| | | | | | | | | | | | | | | | | | | | | | | 7 Clarges Street. | | | London | | | | | | W1J 8AE | | | United Kingd ...

Financial Data and Key Metrics Changes - Average Time Charter Equivalent (TCE) rate increased to $78,400 per day from $77,200 in the previous quarter, expected to rise further in Q3 due to full chartering of the existing fleet [3][18] - Total operating revenues for Q2 2024 were reported at $83.4 million, aligning with guidance and slightly above consensus estimates [18] - Adjusted EBITDA for Q2 2024 was $55.7 million, down from $58.5 million in Q1 2024, primarily due to lower TCE revenues [19][22] - Net income decreased to $26.1 million in Q2 from $36.6 million in Q1, largely due to reduced unrealized gains on interest rate swaps [22] Business Line Data and Key Metrics Changes - TCE revenues for the quarter were $76.4 million, a slight decrease from $78.7 million in the previous quarter, impacted by one vessel in dry dock and lower floating rates [18][19] - The Kool Blizzard vessel transitioned to a new 12-month charter, expected to generate approximately $10,000 more per day compared to its previous earnings [6] Market Data and Key Metrics Changes - The LNG market has been quiet during the summer, but expectations for increased activity in the winter season due to new supply and tender activity are anticipated [4][8] - The Asia Pacific region shows strong appetite for LNG, which is beneficial for shipping due to increased shipping distances [10] Company Strategy and Development Direction - The company maintains a strong backlog of $1.8 billion, equivalent to approximately 62 years of backlog, with an average TCE rate of $79,000 per day per vessel [23] - The company is focused on securing long-term charters while balancing the optionality of higher rates in the future [32] Management's Comments on Operating Environment and Future Outlook - Management noted that the LNG market sentiment is split between long-term and short-term charterers, with optimism for securing long-term deals [28] - The company expects a moderate increase in TCE rates and charter revenues in Q3 compared to Q2, despite ongoing dry dock activities [20][21] Other Important Information - The company has maintained a dividend of $0.41 per share, with a payout ratio of approximately 70% of net income [22][24] - Cash and cash equivalents totaled approximately $84 million, down from $106 million in the previous quarter, primarily due to debt amortization [24] Q&A Session Summary Question: Current market sentiment for the uncommitted newbuild - Management indicated a split market with some looking for long-term contracts while others are hesitant due to short-term market conditions [27][28] Question: Impact of upgraded TFDEs on vessel desirability - Management highlighted potential for increased day rates and attractiveness compared to older vessels, with expectations of sharing upside with charterers [29][30] Question: Outlook for the spot market - Management suggested two favorable scenarios for shipping: a cold winter increasing demand or volumes heading to emerging markets [35][36] Question: Long-term charter rates for Kool Tiger - Management expressed confidence in achieving competitive long-term rates similar to previous deals, with expectations of around $95,000 for shorter-term charters [38][39] Question: Impact of the Suez Canal on shipping routes - Management noted that while the Suez Canal's closure could affect arbitrage opportunities, it would not significantly impact overall shipping demand [37]

2Q24 Results Presentation August 29, 2024 CBOLCO 1 Forward looking statements 2 This presentation and any other written or oral statements made by us in connection with this presentation include forward-looking statements within the meaning of and made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, that address activities and events that will, should, could, are expected to or may occur in the future ...

Key Takeaways Snap shares plunged in extended trading after the Snapchat parent issued a third-quarter revenue forecast that disappointed investors. Guidance for adjusted EBITDA was also lower than analysts expected. Snapchat said it would offer further updates at a "Partner Summit" on Sept. 17. Shares of Snap (SNAP) were hit hard in extended trading Thursday, dropping after the Snapchat parent offered a third-quarter revenue forecast that disappointed investors. The social-media company's shares can move d ...

Add to Watchlist A stock's book value is derived from the company's balance sheet, a metric few investors take the time to dig into and analyze. To save time, investors should focus on the central holdings in CleanSpark's balance sheet, which is Bitcoin, and lots of it. As of the most recent data, CleanSpark holds up to 6,591 Bitcoin, which would translate into roughly $442.9 million, considering where Bitcoin is trading today. Markets today are willing to pay a price-to-book (P/B) ratio of up to 2.8x for C ...

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Here are two stocks with buy rank and strong value characteristics for investors to consider today, June 26th: SPAR Group (SGRP) : This company which is a supplier of in-store merchandising and marketing services, and premium incentive marketing services throughout the United States and Canada, carries a Zacks Rank #1(Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 416.7% over the last 60 days. SPAR Group's has a price-to-earnings ratio (P/E) of 6.77 comp ...

Mortgage rates were risaing in April. The average 15-year mortgage was offering +6.6% interest, with +7.6% on the 30-year. This is slightly higher than the +7.5% we see in the housing market currently, though they do remain stubbornly high. And while we know entry-level prospective homeowners (and those holding onto their 3% mortgages) are being priced out of the market, the fact of the matter is that no cities in the Case-Shiller survey posted negative housing growth number (Portland was in last place: +1. ...