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Edge20 Mar 2026
Tetra Pak: The Shape of Innovation
The story of Tetra Pak, the Rausing family, and how a paper tetrahedron gave rise to a company that now delivers almost 180 billion packages a year.
Cool Company
Cool Company (CLCO) investor relations material
Cool Company has been delisted
Cool Company Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary20 Nov, 2025
Executive summary
Q3 2025 operating revenues reached $86.3 million, up from $85.5 million in Q2 2025, with net income at $10.8 million, down from $11.9 million due to higher non-recurring legal expenses.
Average daily TCE improved to $70,500 from $69,900 sequentially, while adjusted EBITDA declined to $52.6 million from $56.5 million.
A three-year floating-rate charter commenced, and two vessel drydocks were completed, including performance upgrades.
Announced a merger agreement with EPS Ventures Ltd, with all outstanding shares to be acquired for $9.65 per share, expected to close by Q1 2026.
Financial highlights
Time and voyage charter revenues for Q3 2025 were $81.7 million, up from $81.2 million in Q2 2025 and $77.7 million in Q3 2024.
Operating income for Q3 2025 was $32.6 million, down from $37.0 million in Q2 2025 and $38.9 million in Q3 2024.
Net income for the nine months ended September 30, 2025, was $31.8 million, compared to $71.4 million for the same period in 2024.
Adjusted EBITDA for Q3 2025 was $52.6 million, compared to $56.5 million in Q2 2025 and $53.7 million in Q3 2024.
Cash and cash equivalents at September 30, 2025, were $117.6 million, with total contractual debt at $1,387.8 million.
Outlook and guidance
The merger with EPS is expected to close in Q4 2025 or Q1 2026, after which shares will be delisted from NYSE and Euronext Growth Oslo.
Forward-looking statements highlight expectations for LNG shipping market trends, charter rates, and vessel utilization, but caution significant risks and uncertainties.
EPS merger price vs. prior share buyback
Future TCE impact from LNGE upgrades
Breakdown of Q3 non-recurring legal expenses
Partial view of Summaries dataset, powered by Quartr API
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Latest events from Cool Company
- Q2 saw higher TCE, strong backlog, and newbuilds, supporting a positive LNG market outlook.CLCO
Q2 202423 Jan 2026 - Q3 2024 saw strong revenue, lower net income, dividend cut, buyback, and refinancing boost.CLCOQ3 202412 Jan 2026
- Q4 net income rose on financial gains, but spot rates stayed weak amid vessel oversupply.CLCOQ4 202423 Dec 2025
- Revenue rose but net income fell on swap losses; LNG shipping outlook remains positive.CLCOQ1 202526 Nov 2025
- Q2 2025 delivered steady revenue, strong liquidity, and robust backlog amid market headwinds.CLCOQ2 202523 Nov 2025
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@ankurshah47_ x.com
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Amina0781App Store
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@theshortbearx.com
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