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Complete financial analysis of Golden Ocean Group Limited (GOGL) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Golden Ocean Group Limited, a leading company in the Marine Shipping industry within the Industrials sector.
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Golden Ocean Group Limited (GOGL)
About Golden Ocean Group Limited
Golden Ocean Group Limited, a shipping company, owns and operates a fleet of dry bulk vessels comprising Newcastlemax, Capesize, Panamax, and Ultramax vessels worldwide. It owns and operates dry bulk vessels in the spot and time charter markets. The company transports bulk commodities, such as ores, coal, grains, and fertilizers. As of March 23, 2022, it owned a fleet of 81 dry bulk vessels. Golden Ocean Group Limited is based in Hamilton, Bermuda.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 885.77M | 1.11B | 1.20B | 607.94M | 705.80M | 656.07M | 460.02M | 257.81M | 189.63M | 96.72M | 37.55M | 37.32M | 94.52M | 95.90M | 67.34M | 82.91M | 88.16M | 105.73M | 100.18M | 135.70M | 75.25M | 40.28M | 61.53M | 76.34M | 40.28M | 45.04M | 42.14M |
| Cost of Revenue | 675.88M | 691.77M | 675.02M | 563.89M | 589.85M | 498.52M | 399.89M | 312.85M | 248.20M | 72.19M | 25.79M | 23.05M | 30.02M | 30.15M | 8.59M | 18.55M | 28.42M | 35.85M | 33.67M | 24.11M | 0.00 | 0.00 | 0.00 | 0.00 | 400.00K | 400.00K | 300.00K |
| Gross Profit | 209.88M | 421.69M | 528.16M | 44.05M | 115.95M | 157.55M | 60.13M | -55.05M | -58.57M | 24.52M | 11.76M | 14.27M | 64.50M | 65.75M | 58.75M | 64.37M | 59.74M | 69.88M | 66.51M | 111.59M | 75.25M | 40.28M | 61.53M | 76.34M | 39.88M | 44.64M | 41.84M |
| Gross Profit Ratio | 23.70% | 37.87% | 43.90% | 7.25% | 16.43% | 24.01% | 13.07% | -21.35% | -30.88% | 25.36% | 31.32% | 38.23% | 68.24% | 68.57% | 87.25% | 77.63% | 67.77% | 66.09% | 66.39% | 82.23% | 100.00% | 100.00% | 100.00% | 100.00% | 99.01% | 99.11% | 99.29% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 18.08M | 20.38M | 18.15M | 13.72M | 14.12M | 14.71M | 12.56M | 12.73M | 12.47M | 5.04M | 4.94M | 4.26M | 0.00 | 3.02M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 600.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 18.68M | 20.38M | 18.15M | 13.72M | 14.12M | 14.71M | 12.56M | 12.73M | 12.47M | 5.04M | 4.94M | 4.26M | 3.53M | 3.02M | 20.65M | 1.54M | 1.48M | 1.49M | 988.00K | 1.11M | 864.10K | 805.43K | 800.92K | 807.36K | 841.02K | 841.14K | 708.30K |
| Other Expenses | 2.59M | 413.00K | 2.01M | -2.97M | 1.17M | -4.39M | 501.00K | -1.86M | -9.63M | -737.00K | -508.00K | -475.00K | 22.76M | 19.57M | 14.34M | 13.71M | 45.43M | 52.97M | 50.79M | 41.33M | 17.59M | 17.59M | 17.59M | 17.59M | 17.59M | 17.59M | 14.86M |
| Operating Expenses | 18.68M | 20.79M | 20.16M | 10.76M | 15.29M | 11.72M | 8.68M | 14.53M | 17.20M | 5.04M | 4.94M | 4.26M | 26.29M | 22.59M | 35.00M | 15.25M | 46.91M | 54.46M | 51.78M | 42.44M | 18.46M | 18.40M | 18.39M | 18.40M | 18.43M | 18.43M | 15.56M |
| Cost & Expenses | 697.16M | 712.55M | 695.17M | 574.65M | 605.14M | 510.24M | 408.57M | 327.38M | 265.40M | 77.23M | 30.72M | 27.31M | 56.30M | 52.73M | 43.58M | 33.80M | 75.33M | 90.31M | 85.45M | 66.55M | 18.46M | 18.40M | 18.39M | 18.40M | 18.83M | 18.83M | 15.86M |
| Interest Income | 4.72M | 2.35M | 484.00K | 1.19M | 4.43M | 7.58M | 2.21M | 1.67M | 849.00K | 29.00K | 41.00K | 106.00K | 52.00K | 54.00K | 123.00K | 2.34M | 1.03M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 103.66M | 56.25M | 39.91M | 47.48M | 59.55M | 75.11M | 59.84M | 44.17M | 28.27M | 2.53M | 2.83M | 3.77M | 4.96M | 3.94M | 1.90M | 3.22M | 6.37M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 900.00K | 2.00M |
| Depreciation & Amortization | 135.55M | 129.84M | 123.70M | 111.30M | 93.85M | 92.15M | 78.09M | 63.43M | 54.29M | 20.25M | 11.64M | 21.36M | 22.76M | 20.37M | 14.53M | 13.71M | 17.16M | 17.19M | 17.19M | 17.22M | 17.59M | 17.59M | 17.59M | 17.59M | 17.59M | 17.59M | 14.86M |
| EBITDA | 352.02M | 530.74M | 691.22M | 21.24M | 190.82M | 252.02M | 131.02M | -18.54M | -139.22M | 18.65M | 17.90M | 20.76M | 60.37M | 62.06M | 37.92M | 64.98M | 108.23M | 69.72M | 66.40M | 110.94M | 74.38M | 39.47M | 60.73M | 75.53M | 39.43M | 43.80M | 39.43M |
| EBITDA Ratio | 39.74% | 51.57% | 54.45% | 21.56% | 28.45% | 36.84% | 29.75% | -2.91% | -15.96% | 40.35% | 47.93% | 83.08% | 64.57% | 67.01% | 57.31% | 76.00% | 34.23% | 30.89% | 31.94% | 63.64% | 99.41% | 99.05% | 99.38% | 99.55% | 97.91% | 96.13% | 93.57% |
| Operating Income | 188.61M | 435.09M | 513.61M | 19.77M | 100.66M | 145.01M | 50.08M | -70.26M | -239.15M | 19.49M | 6.82M | 10.01M | 38.21M | 43.17M | 23.76M | 49.12M | 90.37M | 51.27M | 48.40M | 93.25M | 56.79M | 21.88M | 43.14M | 57.94M | 21.84M | 26.61M | 26.57M |
| Operating Income Ratio | 21.29% | 39.08% | 42.69% | 3.25% | 14.26% | 22.10% | 10.89% | -27.25% | -126.11% | 20.15% | 18.18% | 26.82% | 40.43% | 45.01% | 35.28% | 59.24% | 102.50% | 48.49% | 48.31% | 68.72% | 75.47% | 54.32% | 70.11% | 75.90% | 54.23% | 59.07% | 63.06% |
| Total Other Income/Expenses | -75.80M | 27.14M | 14.00M | -75.88M | -63.23M | -60.25M | -52.37M | -57.61M | 14.26M | -3.23M | -3.29M | -4.13M | 1.61M | -3.41M | -2.08M | -1.06M | -90.37M | -51.27M | -48.40M | -7.42M | -421.30K | -421.41K | -421.66K | -463.62K | -400.00K | 500.00K | 1.70M |
| Income Before Tax | 112.81M | 462.23M | 527.61M | -137.54M | 37.43M | 84.77M | -2.29M | -127.87M | -220.65M | 16.25M | 3.53M | 5.87M | 32.65M | 38.56M | 23.45M | 48.93M | 12.83M | 15.42M | 14.73M | 69.15M | 56.37M | 21.46M | 42.72M | 57.47M | 21.44M | 27.11M | 28.27M |
| Income Before Tax Ratio | 12.74% | 41.51% | 43.85% | -22.62% | 5.30% | 12.92% | -0.50% | -49.60% | -116.36% | 16.81% | 9.40% | 15.74% | 34.55% | 40.21% | 34.83% | 59.02% | 14.55% | 14.58% | 14.70% | 50.96% | 74.91% | 53.27% | 69.42% | 75.29% | 53.24% | 60.18% | 67.10% |
| Income Tax Expense | 541.00K | 379.00K | 389.00K | 131.00K | 237.00K | 232.00K | 56.00K | -155.00K | 189.00K | 258.00K | 7.43M | 59.31M | 657.00K | 724.00K | 485.00K | -1.97M | -71.82M | -30.25M | -29.15M | -16.71M | 9.75M | 9.75M | 9.65M | 9.68M | 9.27M | 8.32M | 5.09M |
| Net Income | 112.27M | 461.85M | 527.22M | -137.67M | 37.19M | 84.53M | -2.35M | -127.71M | -220.84M | 16.00M | -3.90M | -53.43M | 32.65M | 38.56M | 21.68M | 48.05M | 84.84M | 45.72M | 43.97M | 85.84M | 47.46M | 12.55M | 33.92M | 48.72M | 12.57M | 17.39M | 19.48M |
| Net Income Ratio | 12.67% | 41.48% | 43.82% | -22.65% | 5.27% | 12.88% | -0.51% | -49.54% | -116.46% | 16.54% | -10.40% | -143.18% | 34.55% | 40.21% | 32.20% | 57.96% | 96.23% | 43.24% | 43.89% | 63.26% | 63.07% | 31.16% | 55.12% | 63.83% | 31.22% | 38.60% | 46.23% |
| EPS | 0.56 | 2.30 | 2.74 | -0.96 | 0.26 | 0.59 | -0.02 | -1.34 | -7.30 | 1.38 | -0.70 | -10.07 | 6.17 | 9.30 | 5.85 | 12.94 | 22.84 | 12.29 | 11.83 | 23.11 | 12.80 | 3.36 | 9.12 | 13.12 | 3.41 | 4.70 | 7.41 |
| EPS Diluted | 0.56 | 2.30 | 2.73 | -0.96 | 0.26 | 0.59 | -0.02 | -1.34 | -7.30 | 1.38 | -0.70 | -10.01 | 6.12 | 9.30 | 5.85 | 12.94 | 22.84 | 12.29 | 11.83 | 23.11 | 12.80 | 3.36 | 9.12 | 13.12 | 3.41 | 4.70 | 7.41 |
| Weighted Avg Shares Out | 199.92M | 200.69M | 192.36M | 143.57M | 143.79M | 144.13M | 125.02M | 95.24M | 30.24M | 11.39M | 5.56M | 5.31M | 5.30M | 4.15M | 3.71M | 3.71M | 3.71M | 3.72M | 3.72M | 3.71M | 3.71M | 3.71M | 3.71M | 3.71M | 3.71M | 3.71M | 2.63M |
| Weighted Avg Shares Out (Dil) | 200.48M | 201.19M | 192.97M | 143.57M | 143.88M | 144.43M | 125.02M | 95.24M | 30.27M | 11.42M | 5.60M | 5.34M | 5.34M | 4.15M | 3.71M | 3.71M | 3.71M | 3.72M | 3.72M | 3.71M | 3.71M | 3.71M | 3.71M | 3.71M | 3.71M | 3.71M | 2.63M |
Golden Ocean Group: The Drop In Stock Price May Offer An Opportunity
Golden Ocean Group delivered a pretty good Q3 financial results, despite a sluggish freight market for the Panamax vessels. Uncertainties around imminent U.S. tariffs on import will change some trading patterns, potentially adding tons/miles. However, return to usage of the...
Golden Ocean Group Limited (GOGL) Q3 2024 Earnings Call Transcript
Golden Ocean Group Limited (NASDAQ:GOGL ) Q3 2024 Earnings Conference Call November 27, 2024 8:30 PM ET Company Participants Conference Call Participants Operator Good day, and thank you for standing by. Welcome to the Q3 2024 Golden Ocean Group Limited...
Golden Ocean Group (GOGL) Q3 Earnings and Revenues Beat Estimates
Golden Ocean Group (GOGL) came out with quarterly earnings of $0.33 per share, beating the Zacks Consensus Estimate of $0.29 per share. This compares to earnings of $0.08 per share a year ago.
GOGL – Q3 2024 Presentation
Please find enclosed the presentation of Golden Ocean Group Limited's third quarter 2024 results for today's webcast / conference call at 14:30 CET.
GOGL – Third Quarter 2024 Results
Hamilton, Bermuda, November 27, 2024 - Golden Ocean Group Limited (NASDAQ/OSE: GOGL) (the “Company” or “Golden Ocean”), the world's largest listed owner of large size dry bulk vessels, today announced its unaudited results for the quarter ended September 30, 2024.
Golden Ocean downgraded to Hold from Buy at Pareto
Pareto downgraded Golden Ocean to Hold from Buy with a $12.50 price target. The firm says that while the company's "stellar" capsize fleet is performing well, smaller vessels have underperformed. It cut estimates into the Q3 print on November and...
GOGL – Invitation to presentation of Q3 2024 Results
Golden Ocean Group Limited (the “Company”) will publish its financial results for the third quarter of 2024 on Wednesday November 27, 2024.
Golden Ocean Is Picking Up A Tailwind
Shipping is an essential tool to serve the growing demand for dry bulk commodities: supply chains must be maintained, amid ongoing conflicts and longer routes. Increased distances and instability risks result in higher shipping costs. Shipping companies with bigger deadweight...
Golden Ocean Group: Top Spec Fleet And Attractive Shareholder Returns
Golden Ocean net and operating results remained stable QoQ due to revenue and expense changes offsetting each other. GOGL's balance sheet is in shape. The company reported $99 million cash, $994 long-term debt, and 73% Total Debt to Equity. Market...
Golden Ocean Has Found A Way To Navigate The Cyclical Bulk Carrier Business
GOGL has improved returns since 2014 by focusing on efficiency, cost-effectiveness, and flexibility in fleet management and market positioning. Despite a volatile bottom line due to fluctuating charter rates and asset write-downs, GOGL has delivered record profitability in recent years....
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