GOGL - Golden Ocean GAAP EPS of $0.81 revenue of $316.7M

• Golden Ocean press release ( NASDAQ: GOGL ): Q2 GAAP EPS of $0.81.
• Revenue of $316.7M (+14.9% Y/Y).
• Adjusted EBITDA of $191.6M for the second quarter of 2022, compared with $149.4M for the first quarter of 2022.
• Reported TCE2 rates for Capesize and Panamax/Ultramax vessels of $30,661 per day and $27,581 per day, respectively, in the second quarter of 2022.
• Reported TCE rate for the total fleet of $29,431 per day compared to $24,330 per day in the first quarter of 2022.
• Outlook: Estimated TCE rates, inclusive of charter coverage, calculated on a load-to-discharge basis are approximately: $27,900 per day for 80% of Capesize available days and $27,100 per day for 96% of Panamax available days for the third quarter of 2022; and $29,500 per day for 25% of Capesize available days and $21,900 per day for 27% of Panamax available days for the fourth quarter of 2022.

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