Golden Ocean(GOGL)
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Golden Ocean(GOGL) - 2022 Q3 - Earnings Call Transcript
2022-11-16 17:32
Golden Ocean Group Limited (NASDAQ:GOGL) Q3 2022 Earnings Conference Call November 16, 2022 9:00 AM ET Company Participants Ulrik Andersen - Chief Executive Officer Peder Simonsen - Chief Financial Officer Conference Call Participants Omar Nokta - Jefferies Operator Ladies and gentlemen, thank you for standing by. And welcome to the Q3 2022 Golden Ocean Group Limited Earnings Conference Call. [Operator Instructions] I would now like to hand the conference over to your speaker today, the CEO, Ulrik Andersen. ...
Golden Ocean(GOGL) - 2022 Q3 - Earnings Call Presentation
2022-11-16 17:31
Financial Performance (Q3 2022) - Adjusted EBITDA was $118.2 million, compared to $191.6 million in the previous quarter[11] - The company reported a net income of $104.6 million, with earnings per share of $0.52, compared to $163.7 million and $0.82 respectively in Q2 2022[11] - TCE rates for Capesize vessels were $22,658 per day and for Panamax vessels $23,562 per day[11] - A gain of $21.9 million was recorded from the sale of two Ultramax vessels, resulting in net cash proceeds of $43.0 million[11] - A dividend of $0.35 per share was announced for Q3 2022[11] TCE Rate Estimates - Estimated TCE rates for Q4 2022 are $23,100 per day for 75% of Capesize days and $19,100 per day for 78% of Panamax days[11] - Estimated TCE rates for Q1 2023 are $21,300 per day for 4% of Capesize days and $21,150 per day for 21% of Panamax days[11] Market Dynamics - The orderbook for the next several years is highly visible and is set to continue to decline further as we move through 2022[26] - The orderbook as a percentage of the global fleet is 6.9% for the full fleet and 5.7% for Capesize vessels[26] - GDP growth forecasts, despite downward revisions, remain above pre-pandemic levels, supporting continued demand for dry bulk commodities[23, 24, 25] Liquidity and Loan-to-Value - The company's liquidity was $229 million in Q3 2022, compared to $264 million in Q2 2022[20] - Loan-to-value was 41.7% in Q3 2022, compared to 37.5% in Q2 2022[20]
Golden Ocean(GOGL) - 2022 Q2 - Earnings Call Presentation
2022-08-26 18:09
RESULTS Q2 - 2022 August 25, 2022 FORWARD LOOKING STATEMENTS Matters discussed in this presentation may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995, or the PSLRA, provides safe harbor protections for forwardlooking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptio ...
Golden Ocean(GOGL) - 2022 Q2 - Earnings Call Transcript
2022-08-25 16:42
Golden Ocean Group Limited (NASDAQ:GOGL) Q2 2022 Results Conference Call August 25, 2022 10:00 AM ET Company Participants Ulrik Andersen - CEO Peder Simonsen - CFO Conference Call Participants Omar Nokta – Jefferies Operator Good day, and thank you for standing by. Welcome to the Q2 2022 Golden Ocean Group Limited Earnings Call and Webcast. [Operator Instructions] Please note that today's conference is being recorded. I would now like to hand over the conference to speaker, Mr. Ulrik Andersen. Please go ahe ...
Golden Ocean(GOGL) - 2022 Q1 - Earnings Call Transcript
2022-05-19 13:53
Golden Ocean Group Limited (NASDAQ:GOGL) Q1 2022 Earnings Conference Call May 19, 2022 9:00 AM ET Company Participants Ulrik Andersen - Chief Executive Officer Peder Simonsen - Chief Financial Officer Conference Call Participants Climent Molins - Value Investor's Edge Operator Good day and thank you for standing by. Welcome to the Q1 2022 Golden Ocean Group Limited Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakersÂ' presentation, there will be a question- ...
Golden Ocean(GOGL) - 2022 Q1 - Earnings Call Presentation
2022-05-19 12:58
RESULTS Q1 - 2022 May 19, 2022 FORWARD LOOKING STATEMENTS Matters discussed in this presentation may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995, or the PSLRA, provides safe harbor protections for forwardlooking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions ...
Golden Ocean Group (GOGL) Presents at 16th Annual Capital Link International Shipping Forum - Slideshow
2022-03-31 14:33
CAPITAL LINK CONFERENCE March, 2022 FORWARD LOOKING STATEMENTS Matters discussed in this presentation may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995, or the PSLRA, provides safe harbor protections for forwardlooking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumpt ...
Golden Ocean(GOGL) - 2021 Q4 - Earnings Call Presentation
2022-02-23 14:03
RESULTS Q4 - 2021 February 16, 2022 FORWARD LOOKING STATEMENTS Matters discussed in this presentation may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995, or the PSLRA, provides safe harbor protections for forwardlooking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumpt ...
Golden Ocean(GOGL) - 2021 Q4 - Earnings Call Transcript
2022-02-16 19:44
Golden Ocean Group (NASDAQ:GOGL) Q4 2021 Earnings Conference Call February 16, 2022 10:00 AM ET Company Participants Ulrik Andersen - Chief Executive Officer Peder Simonsen - Chief Financial Officer Conference Call Participants Climent Molins - Value Investor's Edge Operator Thank you for standing by and welcome to the Q4 2021 Golden Ocean Group Limited Earnings Call. At this time, all participants are in a listen-only mode. There will be a presentation followed by question-and-answer session. [Operator Ins ...
Golden Ocean(GOGL) - 2021 Q3 - Earnings Call Transcript
2021-11-24 15:45
Golden Ocean Group Limited (NASDAQ:GOGL) Q3 2021 Earnings Conference Call November 24, 2021 9:00 AM ET Company Participants Ulrik Andersen - Chief Executive Officer Peder Simonsen - Chief Financial Officer Conference Call Participants William Fraser - Operator Good day and thank you for standing by. Welcome to the third quarter 2021 Golden Ocean Group Limited earnings conference call. At this time, all participants are in listen-only mode. After the speakersÂ' presentation, there will be a question and answ ...