Golden Ocean Group Ltd (NAS:GOGL)
$ 11.715 -0.095 (-0.8%) Market Cap: 2.38 Bil Enterprise Value: 3.73 Bil PE Ratio: 10.92 PB Ratio: 1.28 GF Score: 72/100
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Q3 2023 Golden Ocean Group Ltd Earnings Call Transcript

Nov 21, 2023 / 02:00PM GMT
Release Date Price: $8.83 (+12.77%)
Operator

Good day, and thank you for standing by, and welcome to the Q4 2023 Golden Ocean Group Limited. (Operator Instructions) Please note that today's conference is being recorded. I would now like to hand the conference call over to your speaker, Lars-Christian Svensen, Interim CEO. Please go ahead, sir.

Lars;Christian Svensen
Golden Ocean Group Ltd - Interim CEO and Chief Commercial Officer

Hi, there and a very good afternoon from Oslo. My name is Lars-Christian Svensen, and I'm the Interim CEO of Golden Ocean. Today, CFO Peder Simonsen and I will guide you through our Q3 numbers and update you on recent activities in Golden Ocean and our forward outlook.

Here are our highlights for Q3. Our adjusted EBITDA in the third quarter of 2023 ended up at $78.9 million compared to $80.4 million in the second quarter. We delivered a net profit of $28.7 million and earnings per share of $0.14. This is compared with net profit of $34.9 million and earnings per share of $0.17 for the second quarter. Our TCE rates for Capesize and Panamax vessels with

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