Golar LNG Surpasses Q1 Earnings Estimates, Lags on Revenues
Golar LNG Limited (GLNG) reported mixed first-quarter 2025 results wherein earnings surpassed the Zacks Consensus Estimate but revenues missed the same.
Quarterly earnings of 38 cents per share beat the Zacks Consensus Estimate of 29 cents but declined year over year. Revenues of $62.5 million missed the Zacks Consensus Estimate of $66.5 million. The top line declined 3.8% year over year.
Golar LNG Limited price-consensus-eps-surprise-chart | Golar LNG Limited Quote
In March 2025, GLNG signed finance lease agreements with a consortium of Chinese leasing companies. The sale-leaseback facility is valued at around $1.2 billion. The deal is subject to customary closing conditions, which include the completion of documentation and the receipt of third-party approvals. The facility is anticipated to be completed by the end of the second quarter of 2025.
With a tenure of 12 years, the sale and leaseback facility features a 17-year amortization profile, during which quarterly repayment installments will be made throughout the lease period. On the completion and repayment of the existing debt facility, Gimi MS Corporation is anticipated to generate net proceeds of almost $530 million. This amount includes the release of existing interest rate swaps.
GLNG is hopeful of gaining 70% of these proceeds, which is equivalent to almost $371 million. Golar LNG has also progressed with a rating process to further evaluate debt optimization alternatives for the vessel during the reported quarter.
Adjusted EBITDA of $40.9 million declined 36% year over year.
GLNG exited the first quarter of 2025 with cash and cash equivalents of $521.43 million compared with $566.38 million at the end of the prior quarter. GLNG's share of contractual debt at the end of the reported quarter increased 24% to $1.49 billion.
GLNG's board of directors approved a first-quarter 2025 dividend of 25 cents per share. The dividend will be paid on or around June 10, 2025, to shareholders of record at the close of business on June 3.
As of March 31, 2025, 104.7 million shares are issued and outstanding.
Currently, GLNG sports a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Vista Energy S.A.B. de CV's VIST reported first-quarter 2025 adjusted earnings per share of 79 cents, which missed the Zacks Consensus Estimate of 82 cents. However, the bottom line increased from the prior-year quarter's 49 cents.
The leading independent oil and gas producer's quarterly revenues of $438 million significantly increased from $317 million in the year-ago period. However, the top line missed the Zacks Consensus Estimate of $457 million.
Eni S.p.A E reported first-quarter 2025 adjusted earnings from continuing operations of 92 cents per American Depository Receipt, which beat the Zacks Consensus Estimate of 91 cents. The bottom line declined from the year-ago quarter's level of $1.04.
Total quarterly revenues of $24.2 billion beat the Zacks Consensus Estimate of $22.3 billion. The top line, however, declined from $25.2 billion a year ago.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Eni SpA (E) : Free Stock Analysis Report
Golar LNG Limited (GLNG) : Free Stock Analysis Report
Vista Oil & Gas, S.A.B. de C.V. Sponsored ADR (VIST) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
22 minutes ago
- Yahoo
Tesla rival Xiaomi shows off its new SUV in Beijing
Elon Musk's beleaguered Tesla (TSLA) is fending off yet another competitive EV entry in China. Chinese electronics giant Xiaomi launched the YU7 SUV at 13 of its Beijing showrooms this week and, according to CNEVPOST will roll it out in almost 100 Chinese cities throughout June. While customers can marvel at the YU7, they won't be able to start placing orders for it until July. A robust YU7 launch would build on the success of its sleek SU7 sedan, which launched last year and has been outselling Tesla. The YU7 is a five-seat, mid-to-large-size SUV, clocking in at just over 16 feet in length. CNEVPOST reports that the YU7 will be available in standard, pro, and max versions, each with more amenities than the other. Zoriy Birenboym, auto expert and CEO of tells Quartz that Xiaomi's entry into the EV market with the SU7 was more than just a headline — it was a signal. 'With the YU7 now following, Xiaomi is clearly aiming to scale and diversify its lineup,' Birenboym said, adding that if priced competitively and supported by their strong tech ecosystem, the YU7 could challenge incumbents in the mid-size EV space and further blur the lines between consumer tech and mobility. 'This move could have ripple effects across both the auto and tech industries,' he said. HSBC Qianhai (HSBC) published a note, according to Reuters, stating that the new EV SUV will be priced between 230,000 yuan and 330,000 yuan ($31,989 and $45,898) and that Xiaomi could ship 100,000 YU7 units this year, followed by 249,000 units in 2026. In a regulatory filing with the Chinese government and reported on CNEVPOST, the company said the new SUV is equipped with a battery pack that has a capacity of 101.7 kWh and range available in three options: 670 km, 750 km, and 760 km (416 miles at the low end and 472 at the high end). This would rival Tesla's Model S, which can go just over 400 miles before needing a recharge. For the latest news, Facebook, Twitter and Instagram.
Yahoo
22 minutes ago
- Yahoo
Ride the Clean Energy Demand With These 2 Natural Gas Stocks: ET, CRK
There has been a mounting clean energy demand that drives investors' interest in natural gas stocks. This is because natural gas produces lower emissions than crude oil and coal, while generating an equivalent amount of energy. The rising clean energy demand is also aiding the pricing environment of natural gas, bolstering the outlook of energy players that are engaged in producing, transporting and storing the commodity. Given the backdrop, is this the ideal time to invest in upstream players like Comstock Resources, Inc. CRK and Energy Transfer LP ET? In its latest short-term energy outlook, the U.S. Energy Information Administration ('EIA') forecasted this year's natural gas spot price at $4.10 per million BTU, significantly higher than $2.20 in the past year. Rising exports of LNG from the United States primarily contributed to the commodity prices. The electric power sector also requires more natural gas, aiding the pricing environment. In its first-quarter 2025 earnings transcript, upstream company EQT Corporation (EQT) highlighted the resilience of natural gas demand. EQT noted that during the coronavirus pandemic, industrial usage of natural gas slipped by less than 1 billion cubic feet per day, representing a dip of under 1% of the nation's total natural gas consumption. Natural gas's resilience, which EQT mentioned, was possibly due to the commodity's wide usage starting from heating homes, cooking and producing electricity. With the commodity's pricing environment remaining favorable and natural gas demand staying resilient, upstream energy companies will have incentives to ramp up exploration and production of natural gas to capitalize on the increasing demand for cleaner fossil fuels. With higher production, there will be greater demand for transportation and storage assets of midstream players. Hence, it would be ideal for investors to bet on prospective natural gas producers and midstream players involved in transporting and storing the commodity. Here are two such stocks – CRK and ET – carrying a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. CRK's Growth Potential Backed by Deep Drilling Inventory Being a leading producer of natural gas, Comstock Resources is well-positioned to capitalize on the favorable pricing scenario of the commodity. Importantly, CRK has plenty of places left to drill for natural gas, spreading evenly across two prolific underground zones – Haynesville and Bossier. At the speed they're drilling now, they've got enough future wells lined up to keep them busy for more than three decades. Energy Transfer to Gain on Energy-Hungry Data Centers Energy Transfer stands to benefit significantly from the rapid expansion of energy-hungry data centers across Texas, driven by explosive demand for artificial intelligence (AI), cloud computing and digital services. ET in its first-quarter 2025 earnings transcript mentioned that it is in active discussions with roughly 150 data centers and has already secured a natural gas supply agreement with CloudBurst, a flagship AI-focused data center project. This early traction highlights the partnership's strong competitive position in meeting the next wave of electricity demand. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Comstock Resources, Inc. (CRK) : Free Stock Analysis Report Energy Transfer LP (ET) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
22 minutes ago
- Yahoo
General Motors to Make an Investment of $888M in Tonawanda Plant
General Motors Company GM has revealed plans to invest $888 million into its Tonawanda Propulsion plant to support the production of its sixth-generation V-8 engines, which power full-size trucks and SUVs. These new engines are expected to outperform current models while enhancing fuel efficiency and lowering emissions, thanks to advancements in combustion and thermal management the past 15 years, GM has consistently invested in its manufacturing capabilities. In January 2023, it committed $500 million to its Flint Engine plant for the production of the sixth-generation V-8 project. The latest investment is now GM's largest single investment in an engine facility, making it the second plant to take on production of the new engine funding will go toward new machinery, tools, equipment and upgrades to the facility. Tonawanda Propulsion, represented by UAW Local 774, will continue producing the current fifth-generation V-8 while gearing up to begin sixth-generation production in Motors is the top-selling automaker in the United States. The company's hot-selling brands in America, namely Chevrolet, Buick, GMC and Cadillac, are boosting its top line. It is advancing well in its electrification journey. In the final quarter of 2024, GM's EV portfolio became 'variable profit positive' thanks to production scale efficiencies, lower material costs and expansion of the portfolio with the Cadillac Escalade IQ and Sierra EV launches. The company expects to cut EV-related losses further this year. Also, General Motors' deals with Vianode, Lithium Americas, LG Chemical, POSCO Chemical and Livent have boosted its EV supply chain, aligning with its long-term electrification goals. General Motors carries a Zacks Rank #5 (Strong Sell) at better-ranked stocks in the auto space are CarGurus, Inc. CARG, Strattec Security Corporation STRT and Michelin MGDDY, each sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today's Zacks #1 Rank stocks Zacks Consensus Estimate for CARG's 2025 sales and earnings implies year-over-year growth of 4.96% and 25%, respectively. EPS estimates for 2025 and 2026 have improved 30 cents and 44 cents, respectively, in the past 30 Zacks Consensus Estimate for STRT's fiscal 2025 sales and earnings implies year-over-year growth of 3.49% and 8.11%, respectively. EPS estimates for fiscal 2025 and 2026 have improved 73 cents and 91 cents, respectively, in the past 30 Zacks Consensus Estimate for MGDDY's 2025 sales and earnings implies year-over-year growth of 0.43% and 37.76%, respectively. EPS estimates for 2025 and 2026 have improved a penny and 4 cents, respectively, in the past seven days. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report General Motors Company (GM) : Free Stock Analysis Report Strattec Security Corporation (STRT) : Free Stock Analysis Report Michelin (MGDDY) : Free Stock Analysis Report CarGurus, Inc. (CARG) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
