Latest news with #GLNG
Yahoo
2 days ago
- Business
- Yahoo
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 Investment Research
Yahoo
3 days ago
- Business
- Yahoo
Golar LNG: Q1 Earnings Snapshot
HAMILTON, Bermuda (AP) — HAMILTON, Bermuda (AP) — Golar LNG Ltd. (GLNG) on Tuesday reported net income of $8.2 million in its first quarter. The Hamilton, Bermuda-based company said it had net income of 8 cents per share. Earnings, adjusted for non-recurring costs, were 38 cents per share. The operator of carriers for natural gas shipping posted revenue of $62.5 million in the period. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on GLNG at Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Washington Post
3 days ago
- Business
- Washington Post
Golar LNG: Q1 Earnings Snapshot
HAMILTON, Bermuda — HAMILTON, Bermuda — Golar LNG Ltd. (GLNG) on Tuesday reported net income of $8.2 million in its first quarter. The Hamilton, Bermuda-based company said it had net income of 8 cents per share. Earnings, adjusted for non-recurring costs, were 38 cents per share. The operator of carriers for natural gas shipping posted revenue of $62.5 million in the period. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on GLNG at
Yahoo
3 days ago
- Business
- Yahoo
Golar LNG: Q1 Earnings Snapshot
HAMILTON, Bermuda (AP) — HAMILTON, Bermuda (AP) — Golar LNG Ltd. (GLNG) on Tuesday reported net income of $8.2 million in its first quarter. The Hamilton, Bermuda-based company said it had net income of 8 cents per share. Earnings, adjusted for non-recurring costs, were 38 cents per share. The operator of carriers for natural gas shipping posted revenue of $62.5 million in the period. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on GLNG at Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
07-05-2025
- Business
- Yahoo
Golar LNG Limited (GLNG): A Bull Case Theory
We came across a bullish thesis on Golar LNG Limited (GLNG) on Twitter by justfactstruth. In this article, we will summarize the bulls' thesis on GLNG. Golar LNG Limited (GLNG)'s share was trading at $42.51 as of April 30th. GLNG's trailing and forward P/E were 88.55 and 21.60 respectively according to Yahoo Finance. Is Cheniere Energy, Inc. (LNG) The Best WallStreetBets Stock To Buy According to Hedge Funds? A deep sea tanker vessel laden with liquified natural gas, contrailing a majestic stream of white smoke. Golar LNG ($GLNG) offers a compelling investment opportunity due to its unique position in the LNG sector, especially with its transition away from low-margin LNG carrier (LNGC) shipping. As of March 2025, there will be around 670-700 LNG carriers worldwide, which operate in a crowded market. Golar sold its LNGC assets to CoolCo in December 2021. The company also exited the Floating Storage Regasification Units (FSRU) market by selling all its FSRU assets to New Fortress Energy (NFE) in January 2021, with Golar LNG Partners (GMLP) now part of NFE. However, Golar's focus is now on the highly specialized and profitable Floating Liquefied Natural Gas (FLNG) units, of which there are only 8 worldwide, with Golar operating two—Gimi and Hilli. These FLNGs are floating factories that combine gas processing and LNG storage, targeting high-reward opportunities in niche markets. Golar's FLNG contracts, including long-term agreements with BP, PAE, and YPF, generate substantial EBITDA, with Gimi and Hilli contributing up to $642 million in combined EBITDA. The company is poised for significant free cash flow generation, with an expected $1.57B–$1.84B in EBITDA by 2029. Golar benefits from stable, long-term contracts with minimal capex needs, ensuring a high-quality, high-margin business with minimal tax liabilities and a free cash flow conversion rate exceeding 70%. Golar LNG Limited (GLNG) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 56 hedge fund portfolios held GLNG at the end of the fourth quarter which was 39 in the previous quarter. While we acknowledge the risk and potential of GLNG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than GLNG but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey.
