Cool Co Ltd.
coolcoltd.comNo Longer Reporting
The company has not filed an annual or quarterly report since its FY2024 20-F, filed Mar 31, 2025. Its latest SEC filing is a SCHEDULE 13G/A from May 15, 2026.
20-F for FY2024, filed Mar 31, 2025
The sections below describe the company as of the FY2024 annual report.
What Did They Do?
Charters LNG carriers to LNG producers, commodity traders and end users, and provides vessel management services to third-party owners.
20-F for FY2024, filed Mar 31, 2025Through its in-house LNG transportation and infrastructure management platform, CoolCo operates its own vessels and provides management…View ↗
We provide the services of our owned ships under time charters. A time charter is a contract for the use of the ship for a specified term…View ↗
The majority of our Vessels are currently on time charters and we will seek to recharter such Vessels as their current charters expire and…View ↗
How Did They Make Money?
Ship customers pay a daily hire rate for using CoolCo’s vessels, generally monthly in advance; vessel owners also pay management fees for commercial, technical and administrative services, earned as the services are provided.
20-F for FY2024, filed Mar 31, 2025We provide the services of our owned ships under time charters. A time charter is a contract for the use of the ship for a specified term…View ↗
“Hire” rate refers to the basic payment from the customer for use of the ship. Depending on the time charter contract, there are two…View ↗
Management fees are generated from vessel management which includes commercial and technical vessel-related services and administrative…View ↗
$338.5M
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20-F for FY2024, filed Mar 29, 2025
$338.5M ↗
Who Were Their Customers?
LNG producers, commodity traders and end users charter CoolCo’s ships; CoolCo also manages vessels for third-party owners.
20-F for FY2024, filed Mar 31, 2025
Did Revenues Turn Into Profits?
Yes. It kept 29 cents of every revenue dollar as net income in FY2024 and turned 35 cents into free cash flow.
20-F for FY2024, filed Mar 29, 2025
$162.9MView ↗
20-F for FY2024, filed Mar 29, 2025
$98.1MView ↗
20-F for FY2024, filed Mar 29, 2025
$119.6MView ↗
How Were They Changing?
Grew. Revenue grew 96% in 4 years, from $172.6M in FY2020 to $338.5M in FY2024, about 18% a year.
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