Cool Company Ltd. CLCO

Competitive advantage analysis · energy

Corporate Default
Overall moat score
59/100
Moderate

Ranked against 67 peers in Oil & Gas Midstream

About Cool Company Ltd.

Cool Company Ltd. acquires, owns, operates, and charters liquefied natural gas carriers (LNGCs). As of December 31, 2024, it owned a fleet of twelve LNGCs, including seven modern tri-fuel diesel electric vessels; two modern 2-stroke and two TFDE vessels; one 2-stroke MEGA LNG carriers; and managed three LNGCs, and floating storage and regasification units for third parties. The company was … Full CLCO analysis →

Key strengths

  • Margins Consistently Above Peers Gross margin at 57.3% (top 11%) and operating margin at 50.5% (top 11%) indicate strong pricing power.
  • Scale Supporting Profitability Profitability at scale is strong (score 0.89), demonstrating competitive advantages.

Key risks

  • Elevated Debt Risk Debt serviceability is weak (score 0.28), raising refinancing risk.
  • Liquidity Concerns Liquidity is concerning (score 0.25), raising questions about short-term obligations.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

Upgrade to unlock the signals and evidence behind each defense.

Premium access

Unlock full defense analysis

Get key signals, strengths, and risks for every moat dimension.

Upgrade to Premium Unlock all moat defenses and evidence.

Pricing Power

Strong
77
Premium

Signals, strengths and risks for Pricing Power

Premium

Signals, strengths and risks for Cost Advantage

Premium

Signals, strengths and risks for Customer Stickiness

Premium

Signals, strengths and risks for Capital Efficiency

Premium

Signals, strengths and risks for Resilience

Premium

Signals, strengths and risks for Scale & Market Position

Where CLCO ranks in Oil & Gas Midstream

Cool Company Ltd. ranks #17 of 56 scored companies in Oil & Gas Midstream by moat score — the top 30%. The widest moat in the group is Hess Midstream LP (HESM) at 84/100.

# Company Moat score Rating
13 Williams Companies, Inc. (The) WMB 61/100 Moderate
14 Cheniere Energy Partners, LP CQP 61/100 Moderate
15 TC Energy Corporation TRP 61/100 Moderate
16 Dorian LPG Ltd. LPG 60/100 Moderate
17 Cool Company Ltd. CLCO 59/100 Moderate
18 International Seaways, Inc. INSW 59/100 Moderate
19 Teekay Corporation Ltd. TK 56/100 Moderate
20 Scorpio Tankers Inc. STNG 56/100 Moderate
21 Frontline Plc FRO 55/100 Moderate

See every Commodities & Mining company ranked by moat score →

How CLCO scores on the Corporate Default defenses

Pricing Power

Score 77 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 59 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 41 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 58 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 30 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 79 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding CLCO's moat

What is Cool Company Ltd.'s moat score?

Cool Company Ltd. (CLCO) scores 59 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #17 of 56 scored companies in Oil & Gas Midstream, the top 30%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 67 companies in Oil & Gas Midstream. Its strongest defense is Scale & Market Position (79/100) and its weakest is Resilience (30/100).

How does Cool Company Ltd. compare with other Oil & Gas Midstream companies?

Cool Company Ltd. ranks #17 of 56 scored companies in Oil & Gas Midstream by moat score. The widest moat in Oil & Gas Midstream is Hess Midstream LP (HESM) at 84/100. The companies ranked closest are Dorian LPG Ltd. (LPG) at 60 just above it and International Seaways, Inc. (INSW) at 58 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 67 companies in Oil & Gas Midstream. The defenses are then weighted to produce the overall score out of 100.

Why is Cool Company Ltd. scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for Cool Company Ltd.?

The Corporate Default template measures 6 defenses, and CLCO scores: Pricing Power (77), Cost Advantage (59), Customer Stickiness (41), Capital Efficiency (58), Resilience (30), Scale & Market Position (79). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

Send Feedback
Please select a category.
0/1000