Golden Ocean Group

Golden Ocean Group Ltd. engages in the ownership and operation of dry bulk vessels. It manages Newcastlemax, Capesize, Panamax, and Ultramax vessels and transports bulk commodities, including ores, coal, grains, and fertilizers. It is also involved in the charter, purchase, and sale of vessels. The company was founded on September 18, 1996 and is headquartered in Hamilton, Bermuda.

Earnings data Q4 2020

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Golden Ocean Group excels in Q1 2024, eyes growth opportunities

Golden Ocean Group delivered a strong performance in Q1 2024, supported by robust financials and operational efficiency.
While facing challenges related to debt and market uncertainties, the company is well-positioned to leverage opportunities for growth.
By focusing on fleet optimization, shareholder value creation, and strategic initiatives, Golden Ocean Group aims to navigate industry dynamics effectively.

Golden Ocean Group posts strong Q2 results, optimistic market outlook

Golden Ocean Group delivered a robust performance in Q2 2024, driven by strong financial results and positive market trends. While facing challenges in managing expenses and debt, the company remains focused on rewarding shareholders and capitalizing on market opportunities. Optimism surrounds the outlook for the company, supported by positive industry dynamics.

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Please find enclosed the presentation of Golden Ocean Group Limited's second quarter 2022 results for today's webcast / conference call at 16:00 CET.

GOGL – Q2 2022 Presentation

Golden Ocean Group Limited (NASDAQ/OSE: GOGL) (the “Company” or “Golden Ocean”), the world's leading owner of large size dry bulk vessels, today announced its unaudited results for the three and six month period ended June 30, 2022.

GOGL – Second Quarter 2022 Results

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Golden Ocean Group Limited (the “Company) will publish its financial results for the second quarter of 2022 on Thursday August 25, 2022.

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The market has battered the leading dry bulk players, as GOGL saw its stock fall more than 40% from its June highs to its July lows. The market has de-risked GOGL to account for worsening macroeconomic risks that could lead to demand destruction. Therefore, investors need to observe for a potential revision in guidance.

Golden Ocean Group: Grab This Buying Opportunity Before Its Q2 Earnings

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At this price, the company offers a tremendous dividend yield, which is sustainable for the next couple of quarters at least. The company seeks exposure in the spot market with some opportunistic time charter contracts.

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Thanks to the recent booming operating conditions, Golden Ocean Group has been splashing cash on big dividends but sadly, it appears that their best days are over. Apart from their operating cash flow already halving consecutively, they also face a recession on the horizon that poses a headwind for dry bulk shipping.

Golden Ocean Group: Abandon Ship, The Best Days Are Over

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Assessing Golden Ocean's Dividend Prospects

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GOGL yields 14.44%. Its earnings soared by 3-digit %'s in Q1 '22 and full year 2021, and Q2 '22 should be another good quarter.

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Has Golden Ocean Group (GOGL) Outpaced Other Transportation Stocks This Year?

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News for Golden Ocean Group Stock (GOGL)