Golar LNG Ltd

GLNG

Equity

ISIN BMG9456A1009 / Valor 1246198

NASDAQ (2025-04-01)

USD 37.05-2.47%

Golar LNG Ltd
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About company

Golar LNG Ltd is a leading operator in the LNG industry, known for its expertise in developing floating terminals and producing LNG from these facilities efficiently. With a focus on speed of execution and cost-effectiveness, Golar has established itself as a key player in the market. The company's innovative approach to floating LNG terminals sets it apart from competitors, allowing Golar to deliver high-quality services to its clients.

Summarized from source with an LLMView SourceSector: Consumer Services

Net Loss and Profit

Golar LNG Ltd reported a net loss of $36 million for the third quarter of 2024. However, when excluding $90 million of market-adjusted non-cash items, the company achieved a net profit of $54 million. This indicates a significant impact of non-cash adjustments on the reported financial results.

Adjusted EBITDA

For Q3 2024, Golar LNG Ltd recorded an Adjusted EBITDA of $59 million. This figure reflects the company's earnings before interest, taxes, depreciation, and amortization, adjusted for specific items, showcasing the operational profitability of the company during the quarter.

Dividend Declaration

Golar LNG Ltd declared a dividend of $0.25 per share for the third quarter of 2024. This decision reflects the company's commitment to returning value to its shareholders, with the dividend payment scheduled for around December 2, 2024.

FLNG Hilli Performance

The FLNG Hilli maintained its market-leading operational track record, generating $73 million of Q3 Distributable Adjusted EBITDA, with Golar's share amounting to $68 million. This performance underscores the asset's strong contribution to the company's financial results.

FLNG Gimi Developments

Following a commercial reset with bp, Golar LNG Ltd expects to receive approximately $220 million in pre-COD compensation for FLNG Gimi across 2024 and 2025. This includes milestone bonuses, with $78 million already received in 2024, highlighting the financial impact of the revised contractual arrangements.

Summarized from source with an LLMView Source

Key figures

53.5%1Y

47.9%3Y

445%5Y

Performance

32.7%1Y

38.3%3Y

62.2%5Y

Volatility