Golden Ocean(GOGL)
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Golden Ocean(GOGL) - 2021 Q3 - Earnings Call Presentation
2021-11-24 15:27
RESULTS Q3 - 2021 November 24, 2021 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 Q2 - Earnings Call Presentation
2021-08-27 16:37
RESULTS Q2 - 2021 August 26, 2021 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) - 2021 Q2 - Earnings Call Transcript
2021-08-26 16:52
Financial Data and Key Metrics Changes - The company reported an EBITDA of $130 million and a net income of $104.5 million for Q2 2021, a significant increase from $23.6 million in the previous quarter [5][13] - Net revenues rose to $215.7 million from $119.5 million in Q1, driven by higher time charter equivalent (TCE) rates [8] - TCE rates for Capesize and Panamax vessels were reported at $29,000 and $19,000 per day, respectively [5] Business Line Data and Key Metrics Changes - The company completed the acquisition of 18 modern Kamsarmax and Newcastlemax vessels, which will contribute additional vessel days in Q3 [5] - Fixed paying days increased by converting floating rates on 380 deadweight ton nonscrubber tonnage to fixed rates averaging $33,000 per day [6] Market Data and Key Metrics Changes - The Capesize rates climbed to well above $40,000 per day, with current trends indicating around $50,000 per day [22][23] - The order book as a percentage of the operating fleet is at a 30-year low, indicating limited newbuilding orders [24] Company Strategy and Development Direction - The company is exiting the CCL Capesize Chartering joint venture to enhance commercial flexibility and control over its fleet [30][31] - The focus is on strengthening direct relationships with customers and improving service delivery [32] Management's Comments on Operating Environment and Future Outlook - The management remains bullish about future demand growth for dry bulk commodities, driven by global GDP growth and stimulus packages [23] - The effective fleet supply is expected to tighten further due to port congestion and inefficiencies caused by COVID-19 [26] Other Important Information - The company announced a dividend of $0.50 per share, reflecting its commitment to returning earnings to shareholders [6] - Cash flow from operations increased significantly to $134.2 million compared to $6.6 million in Q1 [14] Q&A Session Summary - The Q&A session did not contain any recorded questions or answers, as the conference call concluded without further inquiries [38]
Golden Ocean(GOGL) - 2021 Q1 - Earnings Call Transcript
2021-05-20 16:42
Golden Ocean Group Limited (NASDAQ:GOGL) Q1 2021 Earnings Conference Call May 20, 2021 9:00 AM ET Company Participants Ulrik Andersen - Chief Executive Officer Peder Simonsen - Chief Financial Officer Conference Call Participants Greg Lewis - BTIG Operator Thank you for standing by and welcome to todayÂ's Q1 2021 Golden Ocean Group Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakersÂ' presentation, there will be a question-and-answer session. [Operator Inst ...
Golden Ocean(GOGL) - 2021 Q1 - Earnings Call Presentation
2021-05-20 14:15
RESULTS Q1 - 2021 May 20, 2021 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 forward-looking 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(GOGL) - 2020 Q4 - Earnings Call Transcript
2021-02-18 15:45
Golden Ocean Group Limited (NASDAQ:GOGL) Q4 2020 Results Earnings Conference Call February 18, 2021 9:00 AM ET Company Participants Ulrik Andersen - Chief Executive Officer Peder Simonsen - Chief Financial Officer Conference Call Participants Operator Good afternoon, ladies and gentlemen. Thank you for standing by and welcome to the Q4 2020 Golden Ocean Group Limited earnings conference call. At this time, all participants are in a listen-only mode. There will be a presentation followed by question-and-answ ...
Golden Ocean(GOGL) - 2020 Q4 - Earnings Call Presentation
2021-02-18 14:09
RESULTS Q4 - 2020 February 18, 2021 FORWARD LOOKING STATEMENTS Matters discussed in this earnings report may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements, which include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The Company desires to take advantage of ...