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Golden Ocean Group Limited (the “Company”) will publish its financial results for the third quarter of 2024 on Wednesday November 27, 2024. In connection with the release, a conference call and webcast will be held as described below: Conference call and webcastA conference call will be held at 2:30 P.M. CET (8:30 A.M. New York Time) on Wednesday November 27, 2024. The presentation will be available for download from the Investor Relations section at www.goldenocean.bm (under "Presentations") prior to the c ...

If your investment goals include selecting stocks that pay dividends and operate in traditional sectors, Golden Ocean (NASDAQ: GOGL ) could be a good pick. Here’s why: The company is among the leaders in the dry bulk sector and is known forAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compe ...

Interim CEO and CFO Peder Simonsen will be presenting Golden Ocean Group Limited at Pareto Securities' 31st Energy Conference today, September 12, 2024. This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. Attachment ...

Financial Data and Key Metrics Changes - Adjusted EBITDA for Q2 2024 was $120.3 million, up from $114.3 million in Q1 2024 [2] - Net income for Q2 2024 was $62.5 million, down from $65.4 million in Q1 2024, with earnings per share of $0.31 compared to $0.33 in Q1 2024 [2] - Adjusted net profit increased to $63.4 million with adjusted earnings per share of $0.32, up from $58.4 million and $0.29 in Q1 2024 [3] - Total fleet-wide TCE rate rose to $23,500 in Q2 2024 from $22,600 in Q1 2024 [4] - Operating expenses increased to $66.3 million from $62.6 million in Q1 2024 [4] Business Line Data and Key Metrics Changes - TCE rates for Capesize vessels were approximately $28,000 per day, while Panamax vessels were about $15,700 per day [3] - For Q3 2024, net TCE secured was about $26,200 per day for 83% of Capesize days and $17,200 per day for 94% of Panamax days [3] - In Q4 2024, net TCE locked in was about $25,800 per day for 29% of Capesize days and $17,900 per day for 18% of Panamax days [3] Market Data and Key Metrics Changes - Global Capesize trade saw a year-on-year growth of 3% for the first half of 2024, with Brazilian iron ore volumes growing by 9% [10] - Colombian coal exports to Asia increased by 45% year-on-year in the first half of 2024 [11] - Iron ore inventories have risen to 2022 levels, impacting prices, which are currently in the mid to high-90s [12] Company Strategy and Development Direction - The company has focused on fleet renewal, selling older vessels and maintaining a modern, fuel-efficient fleet [3][9] - The strategy includes maintaining conservative leverage with a current loan-to-value ratio of around 34% [9] - The company aims to capitalize on the expected seasonal strength in the second half of the year, particularly in the Capesize segment [18] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the underlying fundamentals in the market, despite negative macroeconomic news [20] - The company anticipates a seasonal upswing in volumes, particularly in coal and bauxite exports, which will support the Panamax segment [22] - There is a positive outlook for the second half of the year, with expectations of increased industrial activity and steel production in China [14] Other Important Information - The company declared a dividend of $0.30 per share for Q2 2024, continuing a trend of high dividend payouts [3][18] - Cash flow from operations was $76.9 million, with a net decrease in cash of $44.4 million for the quarter [7][8] - The company has $150 million in undrawn available credit facilities and a total debt of $1.4 billion at quarter end [8] Q&A Session Summary Question: What is supporting Capesize rates despite soft Chinese steel markets? - Management noted that the market is fundamentally strong with healthy volumes flowing, and seasonal patterns are expected to ramp up [19][20] Question: How does the company view the Panamax segment amidst pressure? - Management acknowledged depressed sentiment in the Panamax segment but expects support from coal volumes and other commodities as seasonal changes occur [21][22]

Golden Ocean Group (GOGL) came out with quarterly earnings of $0.32 per share, beating the Zacks Consensus Estimate of $0.28 per share. This compares to earnings of $0.13 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 14.29%. A quarter ago, it was expected that this shipping company would post earnings of $0.23 per share when it actually produced earnings of $0.29, delivering a surprise of 26.09%. Over the last four quarters ...

Please find enclosed the presentation of Golden Ocean Group Limited's second quarter 2024 results for today's webcast / conference call at 15:00 CEST. Attend by Webcast: Use the follow link prior to the webcast: GOGL Q2 2024 Webcast Attend by Conference Call: Participants will need to register online prior to the conference call via the link below. Dial-in details will be available when registered. GOGL Q2 2024 Conferance Call A Q&A session will be held after the conference call/webcast. Information on how ...

Hamilton, Bermuda, August 28, 2024 - Golden Ocean Group Limited (NASDAQ/OSE: GOGL) (the "Company" or "Golden Ocean"), the world's largest listed owner of large size dry bulk vessels, today announced its unaudited results for the quarter ended June 30, 2024. Highlights Net income of $62.5 million and earnings per share of $0.31 (basic) for the second quarter of 2024, compared with net income of $65.4 million and earnings per share of $0.33 (basic) for the first quarter of 2024. Adjusted EBITDA of $120.3 mill ...

Golden Ocean Group Limited (the "Company") will publish its financial results for the second quarter of 2024 on Wednesday August 28, 2024. In connection with the release, a conference call and webcast will be held as described below: Conference call and webcast A conference call will be held at 3:00 P.M. CEST (9:00 A.M. New York Time) on Wednesday August 28, 2024. The presentation will be available for download from the Investor Relations section at www.goldenocean.bm (under "Presentations") prior to the co ...

Core Insights - Golden Ocean Group Ltd has released its sixth annual ESG Report for 2023, adhering to the Marine Transportation framework by SASB and UN Global Compact disclosure requirements [1][2]. Environmental Performance - The company reported a 13.3% reduction in CII emissions compared to the baseline year of 2019, showing improvement from the 2022 result of 9.1% [2]. - Golden Ocean is ahead of its targeted reduction schedule, aiming for a 15% reduction by 2026, 30% by 2030, and achieving net zero emissions by 2050 [3].