Golar LNG (GLNG)

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Golar LNG Limited – Q1 2025 results presentation
Newsfilter· 2025-04-24 21:41
Group 1 - Golar LNG will release its 1st Quarter 2025 results before NASDAQ opens on May 21, 2025 [1] - A webcast presentation will take place at 1:00 P.M (London Time) on the same day [1] - The presentation will be available for download from the Investor Relations section of the company's website [1] Group 2 - Participants are encouraged to join the conference call via the listen-only live webcast link [2] - Sell-side analysts wishing to ask questions during the Q&A session should access the event through the conference call [2] - It is recommended to connect 10 minutes prior to the call start, with a limit of two questions per participant [2] Group 3 - Instructions for accessing the listen-only live webcast are available on the company's website [3] - A sound card is required to listen to the conference call from the web, but no special plug-ins are needed [3] - A "Help" link is provided for users experiencing issues accessing the webcast [3] Group 4 - Conference call participants must register to obtain dial-in and passcode details to avoid wait times [4] - Participants can either dial in using provided numbers and their unique PIN or select the "Call me" option for instant connection [4] - A registration link is available for participants [4] Group 5 - Presentation materials can be downloaded from the company's website to view while listening to the conference [5] - A replay of the event audio will be available for a limited time on the company's website for those unable to listen live [5] - This information is subject to disclosure requirements under the Norwegian Securities Trading Act [5]
FLNG Gimi completes first LNG offload
Newsfilter· 2025-04-17 07:59
Core Points - Golar LNG Limited announced the successful offload of its first full LNG cargo from FLNG Gimi to the LNG carrier British Sponsor, marking the entry of Mauritania and Senegal into the international gas market [1] - This event triggers the final pre-Commercial Operations Date milestone bonus payment to Golar, as per the commercial reset agreement made in August 2024 [1] - The commissioning is on track for a Q2 2025 Commercial Operations Date, which will initiate a 20-year Lease and Operate Agreement, unlocking approximately $3 billion of Adjusted EBITDA backlog for Golar [1] Financial Implications - The commencement of the Commercial Operations Date will lead to the recognition of contractual payments that include both capital and operating elements in Golar's balance sheet and income statement [1]
Golar LNG (GLNG) Moves 5.6% Higher: Will This Strength Last?
ZACKS· 2025-04-08 15:10
Golar LNG (GLNG) shares rallied 5.6% in the last trading session to close at $32.42. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 6.1% loss over the past four weeks.GLNG's transition to a pure FLNG company through strategic asset sales is a tailwind and positions it for higher-margin growth through 20-year FLNG contracts. The resolution of the dispute between BP and GLNG over initial payments for the floa ...
Golar LNG (GLNG) - 2024 Q4 - Annual Report
2025-03-27 20:44
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F [ X ] Form 40-F [ ] On March 27, 2025, the Registrant issued a press release, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference. (c) Exhibit 99.1. Press release dated March 27, 2025 REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SE ...
Golar LNG (GLNG) - 2024 Q4 - Annual Report
2025-03-27 20:06
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 19 ...
Golar LNG (GLNG) Q4 Earnings and Revenues Lag Estimates
ZACKS· 2025-02-27 16:06
Core Viewpoint - Golar LNG reported quarterly earnings of $0.30 per share, missing the consensus estimate of $0.48 per share, and showing a decline from $0.90 per share a year ago, indicating a significant earnings surprise of -37.50% [1] Financial Performance - The company posted revenues of $65.47 million for the quarter ended December 2024, which was 5.16% below the consensus estimate and a decrease from $78.65 million year-over-year [2] - Over the last four quarters, Golar LNG has surpassed consensus EPS estimates two times, but has not beaten revenue estimates during the same period [2] Stock Performance - Golar LNG shares have declined approximately 9.1% since the beginning of the year, contrasting with the S&P 500's gain of 1.3% [3] - The stock currently holds a Zacks Rank 1 (Strong Buy), indicating expectations for outperformance in the near future based on favorable estimate revisions [6] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.44 on revenues of $58.2 million, and for the current fiscal year, it is $1.62 on revenues of $428.19 million [7] - The outlook for the Transportation - Shipping industry, where Golar LNG operates, is currently in the bottom 31% of Zacks industries, which may impact stock performance [8]
Golar LNG (GLNG) - 2024 Q4 - Earnings Call Presentation
2025-02-27 15:33
FOURTH QUARTER 2024 RESULTS February 27, 2025 Golar LNG Limited 2024 I 1 Forward looking statements This press release contains forward-looking statements (as defined in Section 21E of the Securities Exchange Act of 1934, as amended) which reflects management's current expectations, estimates and projections about its operations. All statements, other than statements of historical facts, that address activities and events that will, should, could or may occur in the future are forward- looking statements. W ...
Golar LNG (GLNG) - 2024 Q4 - Earnings Call Transcript
2025-02-27 15:31
Golar LNG Limited (NASDAQ:GLNG) Q4 2024 Earnings Conference Call February 27, 2025 8:00 AM ET Company Participants Karl Fredrik Staubo – Chief Executive Officer Eduardo Maranhão – Chief Financial Officer Conference Call Participants Ben Nolan – Stifel Chris Robertson – Deutsche Bank Alexander Bidwell – Webber Research & Advisory Greg Lewis – BTIG Petter Haugen – ABG Sundal Collier Fredrik Dybwad – Fernley Securities Operator Welcome to the Golar LNG Limited 4Q 2024 Presentation. After the slide presentation ...
Sale of LNGC Golar Arctic Marks Golar's Exit From LNG Shipping Segment
Newsfilter· 2025-02-13 14:29
Core Insights - Golar LNG Limited has executed agreements to sell the Golar Arctic, a 2003 built steam turbine LNG carrier, for USD 24 million before transaction-related expenses, marking the company's exit from the LNG shipping segment [1][3] - The sale of the Golar Arctic is part of Golar's strategic transition to focus on FLNG infrastructure, completing a 50-year journey in LNG shipping since the delivery of its first LNG carrier in 1975 [3] Company Developments - The Golar Arctic is the last LNG carrier in Golar's fleet, and the transaction is expected to close in Q1 2025 [1] - Following the sale, Golar will have fully exited its legacy shipping business, allowing the company to concentrate on expanding its market-leading position in FLNG [3] Industry Context - The transition from LNG shipping to FLNG infrastructure reflects broader trends in the maritime LNG sector, where companies are increasingly focusing on innovative infrastructure solutions [3]
Here's Why Investors Should Buy GLNG Stock Now
ZACKS· 2025-02-12 13:26
Core Viewpoint - Golar LNG Limited (GLNG) is enhancing its position in the floating LNG (FLNG) sector through strategic acquisitions, leading to impressive share price performance and potential investment opportunities [1]. Factors Favoring GLNG Stock - The company's shares have surged 92% over the past six months, significantly outperforming the industry's decline of 16.7% [2]. Earnings Estimates and Performance - The Zacks Consensus Estimate for earnings per share has been revised upward by 17.1% for Q4 2024 and by 2.5% for 2025, indicating strong broker confidence in the stock [3]. - Golar LNG has a positive earnings surprise history, exceeding the Zacks Consensus Estimate in three of the last four quarters with an average surprise of 30.2% [4]. Growth Factors - Golar LNG's acquisition of minority interests in the FLNG Hilli for $90.2 million strengthens its market position. The FLNG Hilli is contracted with Perenco in Cameroon until 2026 and will move to Argentina under a 20-year contract, contributing an additional $0.5 billion to adjusted EBITDA backlog [5]. Shareholder Returns - In 2023, Golar LNG distributed over $168 million in dividends and buybacks, with a recent dividend payout of $0.25 per share in Q3 2024. There remains $74.1 million available from a $150 million share buyback scheme [6]. Financial Position - As of the end of Q3 2024, Golar LNG held approximately $732 million in cash and cash equivalents, with a net debt of $646 million. The current ratio was 1.55, indicating sufficient liquidity to meet debt obligations [7][8].