Cool Company (CLCO) Issues Q2 Business Update
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Cool Company Ltd. Q2 2023 Business Update
August 31, 2023 1:00 AM EDTHAMILTON, Bermuda--(BUSINESS WIRE)-- This release includes business updates and unaudited interim financial results for the three ("Q2", "Q2 2023" or the "Quarter") and six months ("1H 2023") ended June 30, 2023 of Cool Company Ltd. ("CoolCo" or the "Company") (NYSE:CLCO / CLCO.OL).
Q2 Highlights and Subsequent Events
Generated total operating revenues of $90.3 million in Q2, compared to $98.6 million for the first quarter of 2023 ("Q1" or "Q1 2023"), the reduction mainly related to the sale of Golar Seal in late March 2023. Net income of $44.6 million in Q2, compared to $70.1 million for Q1; Achieved... More