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].

Transaction Details - Golar LNG Limited has entered into a share purchase agreement to sell all its shares in Avenir LNG Limited to Stolt-Nielsen Gas Ltd for approximately USD 40 million [1] - The transaction is expected to be completed during the first quarter of 2025, subject to the fulfilment of conditions under the share purchase agreement [1] Golar's Remaining Stake in HIGAS - Golar will retain a 25% shareholder position and continue as a debt provider to Higas Srl, the HIGAS LNG storage terminal in Sardinia [2] - As of the end of October 2024, the book value of HIGAS was USD 40.5 million (on a 100% basis), comprising USD 24.7 million in shareholder loans and USD 15.8 million in shareholders' equity [2] Strategic Rationale - The sale aligns with Golar's strategy to focus on expanding its market-leading FLNG (Floating Liquefied Natural Gas) position [3] - Golar's investment in Avenir LNG was no longer considered a core asset following the sale of Hygo Energy Transition Ltd in 2021 [3] - Golar played a key role in founding Avenir LNG, which has grown into one of the largest small-scale LNG shipping companies globally [3]

Core Points - Golar LNG Limited announced that FLNG Gimi received feed gas from the bp operated FPSO on the Greater Tortue Ahmeyim project, marking the commencement of full commissioning [1] - The first LNG export cargo is expected in Q1 2025, with full Commercial Operations Date anticipated in Q2 2025, contingent on meeting all conditions [1] - The receipt of gas will lead to an upward adjustment to the Commissioning Rate under the commercial reset agreed in August 2024, triggering a 20-year Lease and Operate Agreement [2] - This agreement is expected to unlock approximately $3 billion of Adjusted EBITDA Backlog, which includes both capital and operating elements recognized in the balance sheet and income statement [2]

Core Viewpoint - Golar LNG's recent performance has shown a 24.8% increase in share price since the last earnings report, outperforming the S&P 500, raising questions about the sustainability of this trend leading up to the next earnings release [1] Financial Performance - Golar LNG reported Q3 2024 earnings of 53 cents per share, exceeding the Zacks Consensus Estimate of 37 cents, although the earnings declined year over year [2] - Revenues for the quarter were $64.8 million, meeting the Zacks Consensus Estimate but reflecting a 4% decline year over year [3] - Adjusted EBITDA was $59 million, which represents a 21% decline year over year [4] Cash and Debt Position - The company ended Q3 2024 with cash and cash equivalents of $732.06 million, an increase from $527.59 million at the end of the previous quarter [4] - Golar LNG's share of contractual debt rose by 25% to $1.46 billion by the end of the reported quarter [5] Dividend and Share Buyback - The board approved a dividend of 25 cents per share for Q3 2024, scheduled for payment on or around December 2, 2024, to shareholders of record as of November 25, 2024 [5] - Of the $150 million share buyback program, $74.1 million remains available [5] Market Sentiment and Outlook - Estimates for Golar LNG have remained flat over the past month, indicating a lack of significant changes in market expectations [6] - The company currently holds a Zacks Rank of 3 (Hold), suggesting an expectation of an in-line return from the stock in the coming months [8] Investment Scores - Golar LNG has a subpar Growth Score of D, a Momentum Score of F, and a Value Score of F, resulting in an overall aggregate VGM Score of F, placing it in the fifth quintile for investment strategy [7]

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 November 2024 Commission File Number: 000-50113 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 [ ] INFORMATION CONTAINED IN THIS FORM 6-K REPORT Included is the Overview, Operating and Financial Review for the ...

Financial Data and Key Metrics Changes - Golar LNG ordered its third FLNG, a Mark II FLNG with an annual liquefaction capacity of 3.5 million tonnes per annum, representing a 70% increase in Golar's own liquefaction capacity [4] - The Mark II FLNG is expected to be delivered by 2027 and will be the first available FLNG for charter globally [4] Business Line Data and Key Metrics Changes - The existing FLNGs, particularly Hilli, continued to demonstrate market-leading operational performance during the quarter [5] Market Data and Key Metrics Changes - No specific market data or key metrics changes were provided in the available content Company Strategy and Development Direction and Industry Competition - The company is focusing on expanding its liquefaction capacity through the new Mark II FLNG, which is expected to enhance its competitive position in the market [4] Management's Comments on Operating Environment and Future Outlook - Management has indicated positive progress for the existing FLNGs and is optimistic about the operational performance moving forward [5] Other Important Information - The presentation included forward-looking statements, emphasizing the company's growth strategy and future projects [4] Q&A Session Summary - No specific questions and answers from the Q&A session were provided in the available content

Group 1 - Golar LNG Limited has successfully priced USD 300 million in senior unsecured bonds in the Nordic bond market, maturing in September 2029 with an interest rate of 7.75% per annum [1] - The net proceeds from the bond issue will be used for capital expenditure, refinancing of debt, and general corporate purposes [1] - An application will be made for the bonds to be listed on the Oslo Stock Exchange [1] Group 2 - DNB Markets and Pareto Securities acted as Global Coordinators and Joint Bookrunners, while Clarksons Securities and Fearnley Securities served as Joint Bookrunners in the bond issue [2] Group 3 - Golar LNG is a NASDAQ listed maritime LNG infrastructure company with a 75-year history, known for pioneering maritime LNG infrastructure including the world's first Floating LNG liquefaction terminal and Floating Storage and Regasification Unit projects [3] - The company is focused on FLNG and is the only proven provider of FLNG as a service, owning the world's largest fleet of FLNG units by annual liquefaction capacity [3] - Golar LNG has a market-leading operational track record in the industry [3]

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]

Financial Performance - Golar LNG reported a net income of $101.7 million for the six months ended June 30, 2024, compared to a net loss of $85.7 million in the same period of 2023[25]. - Adjusted EBITDA for the first half of 2024 was $122.3 million, a decrease of 26.7% from $167.0 million in the same period of 2023[25]. - Total operating revenues for the six months ended June 30, 2024, decreased to $112,488,000 from $116,594,000 in 2023, a decline of approximately 3%[37]. - Adjusted EBITDA for the same period fell to $138,654,000, down from $188,855,000, representing a decrease of about 26.5%[37]. - Total operating revenues for the six months ended June 30, 2024, were $129.6 million, down 14.4% from $151.5 million in 2023[63]. - The company reported a net income of $81.127 million for the six months ended June 30, 2024, compared to a net loss of $106.408 million in 2023[72]. - Basic earnings per share from continuing operations increased to $0.78 in 2024 from a loss of $0.99 in 2023[63]. Cash and Liquidity - Cash and cash equivalents, including short-term deposits, as of June 30, 2024, totaled $621,521,000, down from $902,786,000 at the end of June 2023[53]. - The company expects existing cash and cash equivalents, along with cash flow from operations, to be sufficient to support liquidity and capital requirements for at least the next 12 months[48]. - Cash dividends paid increased to $56.708 million in the first half of 2024 from $44.537 million in the same period of 2023, reflecting a 27% increase year-over-year[70]. - The company had cash and cash equivalents of $621,521,000 at the end of the period, with $93,900,000 classified as restricted cash[49]. - Cash and cash equivalents at the end of the period decreased to $621.521 million from $902.786 million at the end of June 2023, representing a decline of approximately 31%[71]. Investments and Acquisitions - The company made $100.0 million in acquisitions of common units of Hilli LLC from NFE during the six months ended June 30, 2024[59]. - Net cash flows used in investing activities for the six months ended June 30, 2024, were $124.4 million, compared to $21.5 million in 2023, indicating a significant increase in investment activities[57]. - The company acquired the Fuji LNG vessel for $77.5 million in March 2024, which is now classified under the Shipping segment[89]. - The Gimi conversion financing cost is approximately $1.7 billion, with $700 million funded by the Gimi facility, and outstanding payments of $229.5 million expected by the end of 2025[133]. Revenue and Operational Segments - The FLNG segment generated total operating revenues of $112,488,000, while the Corporate and other segment contributed $10,830,000, and the Shipping segment added $6,330,000[86]. - Liquefaction services revenue for the first half of 2024 was $112,488,000, down from $116,594,000 in the same period of 2023[93]. - Total operating lease income dropped to $6,330 thousand in 2024 from $10,860 thousand in 2023[114]. Derivative Instruments and Financial Instruments - Unrealized losses on oil and gas derivative instruments decreased to $13.9 million in 2024 from $191.7 million in 2023[28]. - The company reported a realized and unrealized gain on oil and gas derivative instruments of $56.6 million for the six months ended June 30, 2024, compared to a loss of $87.8 million in 2023[63]. - Realized gain on oil and gas derivative instruments, net, decreased to $70,537,000 in 2024 from $103,903,000 in 2023, a drop of approximately 32%[41]. - The fair value of oil and gas derivative instruments increased from $159.6 million as of December 31, 2023, to $169.4 million as of June 30, 2024, reflecting an increase of approximately 6.9%[151]. Debt and Liabilities - Total liabilities decreased to $1.46 billion as of June 30, 2024, from $1.48 billion at the end of 2023[67]. - The total debt decreased to $1.17 billion as of June 30, 2024, from $1.24 billion at the end of 2023, with a notable reduction in VIE debt related to the FLNG Hilli facility[143]. - The carrying value of long-term debt decreased from $696.9 million on December 31, 2023, to $637.5 million on June 30, 2024, a reduction of about 8.5%[150]. Future Expectations and Projects - Golar expects to receive approximately $220 million in pre-COD compensation from the Gimi project across 2024 and 2025, with $130 million invoiced in 2024[21]. - The company has capital commitments of up to $328.5 million for the MKII FLNG project, with $108.2 million already agreed for engineering services and long lead items as of June 30, 2024[167]. - Pre-commissioning contractual cash flows related to the Gimi LOA amounted to $92.6 million as of June 30, 2024, reflecting project delays[137]. Shareholder Returns - A dividend of $0.25 per share was declared for the three months ended June 30, 2024, to be paid on or around September 3, 2024[23]. - The company paid $56.7 million in total dividends during the six months ended June 30, 2024[59].

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 ...