GOGL - Golden Ocean GAAP EPS of $0.34 beats by $0.14 revenue of $249.56M beats by $96.81M

• Golden Ocean press release ( NASDAQ: GOGL ): Q4 GAAP EPS of $0.34 beats by $0.14 .
• Revenue of $249.56M (-34.6% Y/Y) beats by $96.81M .
• Adjusted EBITDA of $112.4 million for the fourth quarter of 2022, compared with $118.2 million for the third quarter of 2022
• Reported TCE rates for Capesize and Panamax/Ultramax vessels of $21,399 per day and $18,992 per day, respectively, in the fourth quarter of 2022.
• Reported TCE rate for the total fleet of $20,421 per day.
• Estimated TCE rates, inclusive of charter coverage, calculated on a load-to-discharge basis are approximately:
• $13,150 per day for 63% of Capesize available days and $14,900 per day for 73% of Panamax available days for the first quarter of 2023.
• $21,100 per day for 19% of Capesize available days and $17,900 per day for 14% of Panamax available days for the second quarter of 2023.

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