Cool Company Ltd. reports Q3 sales of $86.3 million and net income of $10.8 million

Reuters11-20

Cool Company Ltd. reports Q3 sales of $86.3 million and net income of $10.8 million

Cool Company Ltd. reported total operating revenues of $86.3 million for the third quarter of 2025, up from $85.5 million in the previous quarter. Net income for the quarter was $10.8 million, down from $11.9 million in the second quarter, primarily due to higher non-recurring legal expenses. Adjusted EBITDA was $52.6 million, compared to $56.5 million in the previous quarter. The company achieved average Time Charter Equivalent Earnings of $70,500 per day, slightly higher than $69,900 per day in the prior period. Fleet utilization was 91% for the quarter, with two vessels completing drydock and one vessel receiving upgrades. Cool Company Ltd. also commenced a three-year floating-rate charter on a redelivered vessel and announced a merger agreement with a wholly owned subsidiary of EPS Ventures Ltd. As of September 30, 2025, cash and cash equivalents stood at $117.6 million, with total contractual debt at $1,387.8 million.

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: 20251119259833) on November 20, 2025, and is solely responsible for the information contained therein.

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