Stock Track | Golden Ocean Soars 5% After Reporting Solid Q4 Results on Resilient Bulk Shipping Market

Stock Track
2025/02/27

Golden Ocean Group Limited (GOGL) shares surged 5.05% on Wednesday, following the company's fourth quarter 2024 earnings release that showed resilient performance amid ongoing volatility in the dry bulk shipping market.

For Q4 2024, Golden Ocean reported net income of $39 million, or $0.20 per share, compared to $56.3 million in Q3 2024. Full year 2024 net income was $223.2 million, up from $112.3 million in 2023. Adjusted EBITDA for Q4 was $69.9 million, down from $124.4 million in Q3. The company declared a quarterly dividend of $0.15 per share.

Looking ahead, Golden Ocean exercised options to purchase 8 vessels from SFL for $112 million, as it continues to modernize its fleet. The company expects TCE rates of around $15,100 per day for 77% of available Capesize days and $9,900 for 81% of Panamax days in Q1 2025. Interim CEO Peder Simonsen stated the company remains well-positioned with its modern, fuel-efficient fleet to generate strong cash flows across market cycles given supportive demand and supply dynamics.

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10