Golden Ocean Group Limited

NASDAQ:GOGL   3:59:44 PM EDT
10.72
+0.30 (+2.88%)
Other Pre-Announcement

Golden Ocean Group - Q1 Earnings Per Share 0.14 USD

Published: 05/20/2021 06:12 GMT
Golden Ocean Group Limited (GOGL) - Q1 Net Profit 23.6 Million Usd.
Q1 Earnings per Share 0.14 Usd.
Reg-gogl – First Quarter 2021 Results.
Net Income of $23.6 Million and Earnings per Share of $0.14 for Q1 of 2021.
Adjusted EBITDA of $54.6 Million for Q1 of 2021, Compared With $59.3 Million for Q4 of 2020.
Reported Tce Rates for Capesize and Panamax/ultramax Vessels of $16,611 per Day and $14,777 per Day, Respectively, in Q1 of 2021.
Estimated Tce Rates for Q2 of 2021, Inclusive of Charter Coverage and Calculated on a Load-to-discharge Basis, Are: * About $29,000 per Day Contracted for 64% of Available Days for Capesize Vessels.
Estimated Tce Rates for Q2 of 2021, Inclusive of Charter Coverage and Calculated on a Load-to-discharge Basis, Are: About $18,800 per Day Contracted for 84% of Available Days for Panamax Vessels.
We Expect Spot Tces for Full Q2 of 2021 to Be Lower Than Tces Currently Contracted, Due to Impact of Ballast Days at End of Q2 of 2021 As Well As Fluctuations in Freight Rates.