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 ...

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 ...

Golar LNG Limited (GLNG) shares gained 1.5% since its first-quarter 2024 earnings release on May 28. The uptick can be attributed to the better-than-expected first-quarter 2024 earnings performance. Quarterly earnings of 45 cents per share 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 and declined year over year. Adjusted EBITDA of $63.58 million declined 24% year over year. GLNG exited the first ...