Golden Ocean Reports Solid Q2 Earnings, Optimistic Outlook

Golden Ocean Group (GOGL) has released an update.

Golden Ocean Group reported a net income of $62.5 million and an adjusted EBITDA of $120.3 million for Q2 2024, slightly lower than the previous quarter’s earnings. The company is optimistic about market conditions despite global uncertainties, citing improvements in its Carbon Intensity Indicator and a modern, fuel-efficient fleet that positions it well for future performance. A dividend of $0.30 per share was announced for the quarter, with confidence in continued strong returns for shareholders.

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