Golar LNG (GLNG) ZACKS·2024-08-20 18:30Golar 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]