Cool Co Ltd (STU:HQ3)
€ 7.13 0 (0%) Market Cap: 391.24 Mil Enterprise Value: 1.34 Bil PE Ratio: 4.69 PB Ratio: 0.59 GF Score: 19/100

Q3 2024 Cool Company Ltd Earnings Call Transcript

Nov 21, 2024 / 01:30PM GMT
Release Date Price: €8.55 (-15.65%)
Operator

Good day, and welcome to the Cool Company Limited third-quarter 2024 Business Update Call. (Operator Instructions) Please note today's call will be recorded. (Operator Instructions) It is now my pleasure to turn the call over to Richard Tyrrell, Chief Executive Officer. Please go ahead.

Richard Tyrrell
Cool Company Ltd - Chief Executive Officer

Good morning and good afternoon. Thank you, Todd, for the introduction. As many of you will have seen in our press release today, we've made important decisions concerning dividends and buybacks. These, along with the refinancing of our largest facility on more attractive terms are intended to ensure that we can seize opportunities in the current market from a position of strength. I'll be focusing on the current market drivers and how we see them developing in my pages; however, before delving into those, we have a quarter to report and page 3 has the key figures.

Our contracted fleet and efficient dry dockings enabled us to reach the upper end of revenue guidance for the third quarter. This was supported by

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