Q2 2024 Cool Company Ltd Earnings Call Transcript

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Aug 29, 2024

Aug 29, 2024 / 12:00PM GMT
Operator

Good day, and welcome to the Cool Company Limited 1H 2024 results presentation. (Operator Instructions) Please note today's call may be recorded, and I'll be standing by if you should need any assistance.

It is now my pleasure to turn the conference over to Richard Tyrrell, Chief Executive Officer. Please go ahead.

Richard Tyrrell - Cool Company Ltd - CEO

Thank you, Todd, and good morning to those in the US. Good afternoon to those in Europe and further East. Welcome to CoolCo's second quarter 2024 results presentation.

Please turn to slide 3, CoolCo at a glance. Let me start with a summary of the headline numbers for the second quarter and our expectations for the third quarter. We will get into more detail as we move through the presentation, but I would like to highlight the following.

Average TCE of 78,400 per day is up from 77,200 in the first quarter. That's above our peers, and this is expected to increase for the third quarter because of the existing fleet being fully chartered. John will provide further guidance later in the

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