Liam Burke

Frode Morkedal

Alexander Bidwell

Bendik Nyttingnes

Climent Molins

Mike Webber

Nils Thompson

- Cool Co reported **Q2 2025 total operating revenue of $85,500,000** and **adjusted EBITDA of $56,500,000**, with an average Time Charter Equivalent (TCE) of **$69,900 per day**.  **[1944057_tx_253855_1]** **[1944057_tx_253855_4]** 
- The company has completed **four out of five planned LNG upgrades** to its vessels, costing **$10,000,000 each**, which are currently yielding a **$5,000 per day premium**.  **[1944057_tx_253855_2]** **[1944057_tx_253855_6]** **[1944057_tx_253855_7]** **[1944057_tx_253855_8]** 
- Cool Co maintains a strong backlog with **50% of its fleet days covered until 2027**, providing stability amidst a challenging spot market where two vessels are expected to see rates **down over $100,000 per day** in Q4 after rolling off long-term charters.  **[1944057_tx_253855_2]** **[1944057_tx_253855_3]** **[1944057_tx_253855_4]** 
- The company enhanced its financial position by hedging **75% of its total notional debt** at an average interest cost of **5.6%** and repurchased **859,000 shares** at an average price of **$5.77 per share**, reducing its share count by **1.6%**.  **[1944057_tx_253855_4]** **[1944057_tx_253855_5]**

Cool Co (CLCO)