Cool Company Ltd. reported third‑quarter 2025 revenue of $86.31 million, surpassing the consensus estimate of $84.18 million by $2.13 million, a 2.5% beat. The lift was driven by a stronger-than‑expected demand for LNG carrier charters, which helped the company secure higher‑priced contracts and expand its backlog, offsetting the softer spot market conditions that have pressured other players in the sector.
Net income rose to $10.85 million from $8.15 million a year earlier, an increase of 33%. The improvement reflects the revenue growth and disciplined cost management, but the company noted that higher non‑recurring legal expenses in the quarter partially offset the earnings boost, keeping the margin tighter than in the prior year.
Adjusted EBITDA fell to $52.6 million from $56.5 million in Q2, a decline of $3.9 million. The compression is largely attributable to the legal expense hit and to capital outlays associated with the company’s fleet‑upgrade program, which the management highlighted as a strategic investment to support long‑term growth.
Management did not provide new forward guidance for the remainder of the fiscal year, but reiterated confidence in maintaining profitability through continued cost discipline and the execution of its fleet‑upgrade plan.
The company is also advancing a merger agreement with EPS Ventures Ltd., expected to close in the fourth quarter of 2025 or the first quarter of 2026, pending regulatory and shareholder approvals. The transaction is positioned to broaden Cool Company’s service portfolio and enhance its competitive positioning in the LNG shipping market.
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