Golar LNG Limited (GLNG) Performance Summary - GLNG reported second-quarter 2024 earnings of 42 cents per share, missing the Zacks Consensus Estimate of 44 cents and declining year over year [1] - Revenues for the quarter were $63 million, below the Zacks Consensus Estimate of $67.4 million, also showing a year-over-year decline [1] - Adjusted EBITDA was $58.71 million, representing a 29% decrease year over year [1] Financial Position - As of the end of the second quarter 2024, GLNG had cash and cash equivalents of $527.59 million, down from $548 million at the end of the previous quarter [2] - The company's share of contractual debt increased by 2% to $1.19 billion [2] - The board approved a dividend of 25 cents per share for the second quarter 2024, payable on or around September 3, 2024, to shareholders of record on August 26, 2024 [2] Share Buyback and Market Performance - As of June 30, 2024, there were 104.0 million shares issued and outstanding, with $74.1 million remaining from the approved $150.0 million share buyback scheme [3] - GLNG's shares have gained 43.8% year to date, outperforming the industry average increase of 23.2% [4]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of August 2024 Commission File Number: 000-50113 GOLAR LNG LIMITED (Translation of registrant's name into English) 2nd Floor S.E. Pearman Building 9 Par-la-Ville Road Hamilton HM 11 Bermuda (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports u ...

Golar LNG (GLNG) is scheduled to report second-quarter 2024 results on Aug 15 before market open. The Zacks Consensus Estimate for the to-be-reported quarter's earnings and revenues is pegged at 44 cents per share and $67.4 million, respectively. The earnings estimate for the to-be-reported quarter has remained stable in the past 60 days. The bottom-line projection indicates a year-over-year decline of 29%. The Zacks Consensus Estimate for quarterly revenues suggests a year-over-year decrease of 12.8%. GLNG ...

Golar LNG (GLNG) closed the last trading session at $34.30, gaining 21.9% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $44.63 indicates a 30.1% upside potential. The mean estimate comprises four short-term price targets with a standard deviation of $8.04. While the lowest estimate of $35.50 indicates a 3.5% increase from the current price level, the most optimistic analyst expec ...

Golar LNG (GLNG) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. Since a changing earni ...

A solid price increase over a period of 12 weeks reflects investors' continued willingness to pay more for the potential upside in a stock. GLNG is quite a good fit in this regard, gaining 36.7% over this period. Another factor that confirms the company's fundamental strength is its Average Broker Recommendation of #1 (Strong Buy). This indicates that the brokerage community is highly optimistic about the stock's near-term price performance. Click here to sign up for a free trial to the Research Wizard toda ...

Golar LNG's 2nd Quarter 2024 results will be released before the NASDAQ opens on Thursday, August 15, 2024. In connection with this a webcast presentation will be held at 1:00 P.M (London Time) on Thursday August 15, 2024. The presentation will be available to download from the Investor Relations section at www.golarlng.com Conference call participants should register to obtain their dial in and passcode details. This process eliminates wait times when joining the call. Please download the presentation mate ...

Will the recent positive trend continue leading up to its next earnings release, or is Golar LNG due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. GLNG's first-quarter 2024 earnings of 45 cents surpassed the Zacks Consensus Estimate by a penny but declined year over year. Revenues of $63.2 million lagged the Zacks Consensus Estimate of $72.3 million ...

Vessel operating expenses, accounting for 54% of the total operating expenses, rose by 39.2% year over year to $25.9 million in the first quarter of 2024. Voyage, charter hire and commission expenses increased by $1.53 million compared to the first quarter of 2023. This northward movement in expenses does not bode well for GLNG's bottom line. SKYW has an impressive earnings surprise history. Its earnings outpaced the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average surpr ...

Golar LNG is the sole provider of floating LNG or liquefied natural gas as a service. GLNG ranks first in terms of FLNG capacity. The FLNG market is growing due to its economic viability and is expected to display significant capacity growth, particularly in Africa and North America. The buoyant nature of the FLNG market has resulted in the GLNG stock gaining 33% year to date. While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research sho ...