Cool Company Ltd. Reports Stable Q2 2025 Revenues at $85.5M, Net Income Rises to $11.91M, Adjusted EBITDA Increases to $56.5M

Reuters
08/28
Cool Company Ltd. Reports Stable <a href="https://laohu8.com/S/QTWO">Q2</a> 2025 Revenues at $85.5M, Net Income Rises to $11.91M, Adjusted EBITDA Increases to $56.5M

Cool Company Ltd. has released its unaudited interim financial results for the second quarter of 2025, reporting total operating revenues of $85.5 million, consistent with the first quarter of 2025. The company saw an increase in net income, reporting $11.91 million in Q2 2025, up from $9.11 million in Q1 2025. This rise in net income was largely attributed to lower repositioning expenses as the newbuild vessel, _GAIL Sagar_, commenced its long-term charter during Q1. The Adjusted EBITDA for Q2 2025 stood at $56.5 million, an increase from $53.4 million in Q1 2025. Cool Company Ltd. achieved average Time Charter Equivalent Earnings of $69,900 per day in Q2, slightly down from $70,600 per day in Q1. In terms of business operations, Cool Company Ltd. commenced a one-year fixed-rate charter for a redelivered vessel during the quarter and a three-year floating-rate charter on another redelivered vessel subsequent to the quarter. The company also completed drydock for one vessel during Q2 and two additional drydocks after the quarter ended. Furthermore, Cool Company Ltd. entered into interest rate swap agreements to hedge approximately $300 million of floating rate debt under its two bank facilities into fixed rates. The company has expressed optimism for strengthening rates as new LNG supply enters the market and expects future prospects to be favorable with the ongoing idling and scrapping of older tonnage.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cool Company Ltd. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250827355261) on August 28, 2025, and is solely responsible for the information contained therein.

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