l pany .(US:CLCO)2025-08-28 12:00Financial Performance - The company achieved an average TCE of $69,900 per day in 2Q25 [7] - Total operating revenues remained steady at $85.5 million in 2Q25 [7, 11] - Adjusted EBITDA increased to $56.5 million for 2Q25 [7, 11] - Net income for 2Q25 was $11.9 million, including unrealized mark-to-market losses on interest rate swaps of $3.6 million [7, 8] Backlog and Charters - The company's backlog is approximately $1.54 billion, with $0.9 billion being firm [7] - The average charter term is 4.3 years, with the longest charter extending to 2041 [10] - As of June 30, 2025, the company has ~$907 million of firm and floating backlog, averaging ~2.4 years per vessel [30] Market Outlook and Strategy - LNG supply is expected to increase by 23% from 2024 levels by the end of 2026 and by 39% by the end of 2028 [13] - The company has repurchased 858,689 shares at an average price of $5.77 per share as of August 22, 2025 [7, 8] - The company has ~$25 million in cumulative interest rate swap gains since inception in mid-2022 [43]