Gol Linhas Aereas Inteligentes S.A.(GOL)

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Golar LNG Limited Q1 2025 results presentation – Date change
Globenewswire· 2025-05-13 12:11
Group 1 - Golar's Q1 2025 results will be released before NASDAQ opens on May 27, 2025, due to a scheduled official State visit to the GTA Hub in Mauritania and Senegal [1] - A webcast presentation will take place at 1:00 P.M (London Time) on the same day, and it will be available for download from the Investor Relations section of the company's website [1] - Participants are encouraged to join the conference call via the live webcast link, with a recommendation to connect 10 minutes prior to the call start [1] Group 2 - For the teleconference, participants must register to obtain dial-in and passcode details, which helps eliminate wait times [3] - Participants can join the call by dialing in with provided numbers and their unique PIN or by using the "Call me" option for instant connection [3] - Presentation materials can be downloaded from the company's website to view while listening to the conference [4] Group 3 - A replay of the event audio will be available for a limited time on the company's website for those unable to listen live [4] - The information is subject to disclosure requirements under the Norwegian Securities Trading Act [4]
Golar entered into 20-year agreements for 5.95mtpa nameplate capacity in Argentina – one of the world’s largest FLNG development projects.
Globenewswire· 2025-05-02 06:32
Core Viewpoint - Golar LNG Limited has announced the Final Investment Decision for a 20-year re-deployment charter of the FLNG Hilli and signed agreements for a 20-year charter for the MKII FLNG, both to be operated offshore Argentina, which is expected to significantly enhance the company's earnings backlog and commodity exposure [1][2][4]. Group 1: Charter Agreements - The two FLNG agreements are projected to contribute US$ 13.7 billion in earnings backlog over 20 years, before adjustments based on US-CPI and commodity-linked tariff upside [2]. - For every US$ 1/mmbtu increase above US$ 8/mmbtu, Golar expects an additional US$ 100 million in earnings when both FLNGs are operational [2]. - SESA has the option to reduce the term of the agreement to 12 years for FLNG Hilli and 15 years for MKII FLNG, subject to a 3-year notice and payment of a fee [2]. Group 2: Commodity Linked Tariff - Golar will receive 25% of realized FOB prices above a threshold of US$ 8/mmbtu, with no cap on the upside for gas prices [3]. - A mechanism allows for a partial reduction in charter hire if FOB prices fall below US$ 7.5/mmbtu, down to a floor of US$ 6/mmbtu, with a maximum accumulated discount capped at US$ 210 million [3]. - Any outstanding discounted charter hire amounts will be repaid through additional upside sharing if FOB prices exceed US$ 7.5/mmbtu [3]. Group 3: Project Support and Infrastructure - The project has received full support from the National and Provincial Governments in Argentina, including a 30-year LNG export authorization and qualification for the Incentive Regime for Large Investments [5]. - The FLNGs will be located offshore in the Gulf of San Matias, monetizing gas from the Vaca Muerta formation, which is the world's second-largest shale gas resource [6]. - SESA plans to construct a dedicated pipeline from Vaca Muerta to the Gulf of San Matias to supply gas to the FLNGs, enhancing operational efficiencies [6]. Group 4: Company and Market Position - Golar LNG Limited is a leading maritime LNG infrastructure company, recognized for pioneering floating LNG projects and currently positioned as a pure play FLNG provider [10]. - The partnership with leading Argentinian gas producers through SESA is expected to establish Argentina as a significant LNG exporter, leveraging the vast resources of the Vaca Muerta formation [7].
GOL announces 4Q24 Earnings Result
Prnewswire· 2025-03-28 12:51
Core Insights - GOL Linhas Aéreas Inteligentes S.A. reported its consolidated results for the fourth quarter of 2024, highlighting significant growth in various business segments and operational performance [1] Group 1: Passenger Business - GOL achieved an on-time performance rate of 85.1% in 2024, an increase of 5.4 percentage points compared to 2023, and was recognized as the world's most punctual low-cost airline in January 2025 [7] - The airline increased its capacity (ASK) by 6.8% compared to 4Q23, with a 2.5% rise in unit revenue (RASK) during the same period, indicating a balance between expansion and sustainable revenue quality [7] - GOL maintained the lowest consumer complaint rate in Brazil for 2024, as per the "ANAC Consumer Monitoring Bulletin" [7] Group 2: Loyalty Program (Smiles) - Clube Smiles grew by 7.2% in customer numbers in 4Q24 compared to 4Q23, reaching 1.2 million customers [7] - Smiles revenue increased by 4.5% in 4Q24 compared to 3Q24, and ended the year with a 6.5% increase compared to FY23 [7] - Miles redeemed grew by 17.9% in 4Q24 versus 4Q23, with a notable 5.7 percentage point increase in the share of miles redeemed for non-airline products and services [7] Group 3: Cargo Business (GOLLOG) - GOLLOG surpassed R$ 1 billion in annual revenue for the first time, achieving nearly R$ 1.3 billion in FY24, a growth of 32% compared to FY23 [7] - In 2024, GOLLOG transported 2.9 million packages and celebrated its 24th anniversary in January 2025 [7] - The cargo unit operates 58 cargo terminals and 60 stores, covering over 4,000 cities, enhancing its service infrastructure across Brazil [7]
Golar LNG Limited - Announcement of filing of Form 20-F Annual Report
Globenewswire· 2025-03-27 20:15
Core Points - Golar LNG Limited has filed its Form 20-F for the year ended December 31, 2024 with the Securities and Exchange Commission in the U.S. [1] - The Form 20-F is available for download on the company's website and shareholders can request a hard copy free of charge [1] - The announcement was made on March 27, 2025, by the Board of Directors in Hamilton, Bermuda [1]
Golar LNG Signs Finance Lease Agreements for FLNG Gimi
Globenewswire· 2025-03-20 13:25
Group 1 - Golar LNG Limited has entered into finance lease agreements with a consortium of leading Chinese leasing companies for refinancing the existing FLNG Gimi debt facility, amounting to approximately $1.2 billion [1] - The sale leaseback facility will have a tenor of 12 years and a 17-year amortization profile, with quarterly repayment installments throughout the lease period [2] - Upon closing and repayment of the existing debt facility, Gimi MS Corporation is expected to generate net proceeds of approximately $530 million, with Golar benefiting from 70% of these proceeds, equivalent to approximately $371 million [2]
Base Prospectus and Final Terms for September 2024 $500 million unsecured Norwegian bond
Globenewswire· 2025-03-13 20:35
Group 1 - The Financial Supervisory Authority of Norway approved a prospectus for Golar LNG Limited in connection with its bond listing application on the Oslo Stock Exchange [1] - The bond issued by Golar has the ISIN NO0013331223 [1] - The listing prospectus and final terms are available on Golar's website [1] Group 2 - The press release contains forward-looking statements reflecting management's expectations and projections about operations [2] - These forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties [3] - Golar LNG Limited does not undertake any obligation to update forward-looking statements unless required by law [3] Group 3 - The press release was issued from Hamilton, Bermuda on March 13, 2025 [4] - Contact information for Golar Management Limited is provided, including CEO Karl Fredrik Staubo and CFO Eduardo Maranhão [4] - The information is subject to disclosure requirements under the Norwegian Securities Trading Act [4]
2025 Annual General Meeting
Globenewswire· 2025-02-27 18:49
Group 1 - Golar LNG Limited has scheduled its 2025 Annual General Meeting for May 20, 2025 [1] - The record date for voting at the Annual General Meeting is set for March 13, 2025 [1] - Shareholders will receive a notice, agenda, and associated materials prior to the meeting, which will also be available on the company's website [1]
Golar LNG Limited Preliminary fourth quarter and financial year 2024 results
Globenewswire· 2025-02-27 11:55
Core Insights - Golar LNG Limited has maintained a strong operational track record with FLNG Hilli, exceeding its contracted production volume for 2024, resulting in $0.5 million of overproduction revenue recognized [1] - The acquisition of remaining minority interests in FLNG Hilli for $60 million in cash and an increase in contractual debt has resulted in Golar holding a 100% economic interest in FLNG Hilli [2] - The acquisition is expected to increase Golar's annual Adjusted EBITDA by approximately $7 million, with additional revenue linked to Brent oil and TTF gas prices [3] Financial Performance - For Q4 2024, Golar reported a net income of $3 million, with an Adjusted EBITDA of $59 million, while the full year 2024 net income was $50 million and Adjusted EBITDA was $241 million [6] - Total Golar Cash as of December 31, 2024, was $699 million, consisting of $566 million in cash and cash equivalents and $133 million in restricted cash [22] - Golar's share of contractual debt increased to $1.515 billion as of December 31, 2024, reflecting a 24% increase from the previous year [17] Operational Developments - FLNG Gimi has commenced commissioning, with the first LNG export cargo expected in Q1 2025, and the Commercial Operations Date anticipated in Q2 2025 [5][7] - The MKII FLNG conversion project is on schedule, with $0.6 billion spent to date, and is expected to be delivered in Q4 2027 [8] - Golar has entered into definitive agreements for the deployment of FLNG in Argentina, with a consortium of leading gas producers involved [10] Future Outlook - Golar expects to release significant capital from refinancing FLNG Hilli following the completion of conditions precedent in the SESA 20-year charter [4] - The project in Argentina is projected to generate an annual Adjusted EBITDA of approximately $300 million, plus commodity-linked revenue [11] - Golar is in advanced discussions for additional FLNG units and has options for further conversions at CIMC shipyard [13]
GOL Linhas Aéreas Strengthens Partnership with Sabre, Leveraging SabreMosaic to boost Revenue and Enhance Customer Experience
Prnewswire· 2025-02-24 14:00
Core Insights - Sabre Corporation and GOL Linhas Aéreas have extended their partnership, focusing on the continued use of Sabre's Passenger Service System (PSS) and Global Distribution System (GDS), along with the adoption of Sabre's Mosaic solutions to enhance GOL's revenue performance and retailing strategies [1][3]. Company Overview - Sabre Corporation is a leading global travel technology company that provides solutions to airlines, hoteliers, and travel agencies, operating in over 160 countries [4]. - GOL Linhas Aéreas is one of Brazil's leading airlines, known for its low unit costs in Latin America and extensive partnerships, including alliances with American Airlines and Air France-KLM [5]. Partnership Details - The renewed agreement includes the integration of SabreMosaic modules, which will enhance GOL's retailing capabilities and allow for personalized traveler experiences through AI and real-time data [2]. - Ancillary IQ™ will enable GOL to optimize ancillary offers, while Dynamic Availability will adjust pricing and seat availability based on market demand [2]. - GOL is also implementing Sabre's Self-Service Reaccommodation solution to improve traveler satisfaction and streamline operations [2]. Strategic Goals - The partnership aims to drive revenue growth and operational efficiency for GOL, aligning with its commitment to innovative technology in enhancing passenger experiences [3][4]. - GOL's Chief Strategy Officer emphasized that the integration of Sabre's solutions will significantly improve the airline's ability to generate higher-quality revenue and ensure long-term financial sustainability [4].
Sale of LNGC Golar Arctic Marks Golar’s Exit From LNG Shipping Segment
Globenewswire· 2025-02-13 14:29
Core Insights - Golar LNG Limited has executed agreements to sell its last LNG carrier, Golar Arctic, for USD 24 million, marking the company's exit from the LNG shipping business [1][3] - The sale is expected to close in Q1 2025, completing Golar's transition to a focused FLNG infrastructure company after 50 years in LNG shipping [1][3] Company Transition - The sale of Golar Arctic signifies the conclusion of Golar's planned exit from the LNG shipping segment, which began with the delivery of its first LNG carrier in 1975 [3] - Golar has transitioned into a market-leading FLNG infrastructure company, moving away from its legacy shipping operations [3] Future Developments - The LNG carrier Fuji LNG has discharged its final cargo and is set to be converted into a MKII FLNG at CIMC shipyard in China [2]