Latest news with #GolarLNGLimited
Yahoo
2 days ago
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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
4 days ago
- Business
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Golar LNG Limited: 2025 AGM Results Notification
Golar LNG Limited (the 'Company') advises that the 2025 Annual General Meeting of the Company was held on May 20, 2024 at 10:00 am (Bermuda time) at 2nd Floor, The S.E. Pearman Building, 9 Par-la-Ville Road, Hamilton HM 11, Bermuda. The audited consolidated financial statements for the Company for the year ended December 31, 2024 were presented at the Meeting. The following resolutions were passed: To set the maximum number of Directors to be not more than eight. To resolve that vacancies in the number of Directors be designated as casual vacancies and that the Board of Directors be authorized to fill such vacancies as and when it deems fit. To re-elect Tor Olav Trøim as a Director of the Company. To re-elect Daniel W. Rabun as a Director of the Company. To re-elect Carl E. Steen as a Director of the Company. To re-elect Niels G. Stolt-Nielsen as a Director of the Company. To re-elect Lori Wheeler Naess as a Director of the Company. To elect Benoît de la Fouchardiere as a Director of the Company. To elect Mi Hong Yoon as a Director of the Company. To re-appoint Ernst & Young LLP of London, England as auditors and to authorise the Directors to determine their remuneration. To approve remuneration of the Company's Board of Directors of a total amount of fees not to exceed US$2,000,000.00 for the year ended December 31st, 2025. Golar would like to thank Georgina Sousa and Thorleif Egeli who retired from Golar's Board of Directors today after two decades of combined service to the Company. Their contribution to the governance and transformation of Golar from a shipping company to a pure play FLNG business has been invaluable and we wish them well. Following their election today as Directors, Golar also welcomes Benoît de la Fouchardiere and Mi Hong Yoon to its Board. Both have already contributed to Golar's success - in the case of Benoît, through his part in contracting FLNG Hilli in Cameroon; and in the case of Mi Hong - through her role as Company Secretary. The Company looks forward to benefiting from their relevant and extensive experience as it seeks to grow its leading FLNG offering. Hamilton, BermudaMay 20, 2025 This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act
Yahoo
4 days ago
- Business
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Key information relating to the cash dividend to be paid by Golar LNG Limited (Ticker: GLNG)
Reference is made to the first quarter 2025 report released on May 27, 2025. Golar LNG Limited ('Golar'), NASDAQ ticker: GLNG, has declared a total dividend of $0.25 per share to be paid on or around June 10, 2025. The record date will be June 3, 2025. Due to the implementation of the Central Securities Depository Regulation ('CSDR'), please note the information below on the payment date for the small number of Golar shares registered in Norway's central securities depository ('VPS'): Dividend amount: $0.25 per share Declared currency: USD. Dividends payable to shares registered in the VPS will be distributed in NOK Last day including right: May 30, 2025 Ex-date: June 2, 2025 Record date: June 3, 2025 Payment date: On or about June 10, 2025. Due to the implementation of CSDR in Norway, dividends payable to shares registered in the VPS will be distributed on or about June 12, 2025. Golar LNG LimitedHamilton, BermudaMay 27, 2025 This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading ActError 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
20-05-2025
- Business
- Yahoo
Golar LNG Limited: 2025 AGM Results Notification
Golar LNG Limited (the 'Company') advises that the 2025 Annual General Meeting of the Company was held on May 20, 2024 at 10:00 am (Bermuda time) at 2nd Floor, The S.E. Pearman Building, 9 Par-la-Ville Road, Hamilton HM 11, Bermuda. The audited consolidated financial statements for the Company for the year ended December 31, 2024 were presented at the Meeting. The following resolutions were passed: To set the maximum number of Directors to be not more than eight. To resolve that vacancies in the number of Directors be designated as casual vacancies and that the Board of Directors be authorized to fill such vacancies as and when it deems fit. To re-elect Tor Olav Trøim as a Director of the Company. To re-elect Daniel W. Rabun as a Director of the Company. To re-elect Carl E. Steen as a Director of the Company. To re-elect Niels G. Stolt-Nielsen as a Director of the Company. To re-elect Lori Wheeler Naess as a Director of the Company. To elect Benoît de la Fouchardiere as a Director of the Company. To elect Mi Hong Yoon as a Director of the Company. To re-appoint Ernst & Young LLP of London, England as auditors and to authorise the Directors to determine their remuneration. To approve remuneration of the Company's Board of Directors of a total amount of fees not to exceed US$2,000,000.00 for the year ended December 31st, 2025. Golar would like to thank Georgina Sousa and Thorleif Egeli who retired from Golar's Board of Directors today after two decades of combined service to the Company. Their contribution to the governance and transformation of Golar from a shipping company to a pure play FLNG business has been invaluable and we wish them well. Following their election today as Directors, Golar also welcomes Benoît de la Fouchardiere and Mi Hong Yoon to its Board. Both have already contributed to Golar's success - in the case of Benoît, through his part in contracting FLNG Hilli in Cameroon; and in the case of Mi Hong - through her role as Company Secretary. The Company looks forward to benefiting from their relevant and extensive experience as it seeks to grow its leading FLNG offering. Hamilton, BermudaMay 20, 2025 This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading ActError 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
09-05-2025
- Business
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Why Golar LNG Limited (GLNG) Is Losing This Week
We recently published a list of Energy Stocks that are Losing This Week. In this article, we are going to take a look at where Golar LNG Limited (NASDAQ:GLNG) stands against other energy stocks that are declining this week. The energy sector suffered a massive blow this week after the West Texas Intermediate (WTI) crude price plunged even further to just over $57, a level it last hit in 2021 during the COVID-19 pandemic. The sharp decline comes as a result of OPEC+ announcing a larger-than-expected output increase for June. This follows a similar production boost announced for May, meaning that the group is now bringing more than 800,000 bpd of additional supply to the market over the course of two months. Instead of acting like a stabilizing force in global oil markets, Saudi Arabia has now adopted an aggressive strategy aimed at disciplining overproducing members like Kazakhstan and Iraq, and expanding its own market share. This could also be a part of the country's efforts to build good relations with Donald Trump, who has repeatedly called on Riyadh to increase production and bring prices down. Goldman Sachs has now cut its forecast for US crude prices this year by $3 to $56 per barrel. With oil currently hovering around the $58 mark, many US shale producers will struggle to break even, forcing them to potentially stop drilling and cut jobs. In fact, two big American shale producers revealed earlier this week that they are cutting capital expenditure in response to sliding oil prices, prompting industry warnings that US production had peaked and could begin to decline. An aerial view of offshore rigs with oil storage tanks, reflecting the company's marine infrastructure. To collect data for this article, we have referred to several stock screeners to find energy stocks that have fallen the most between April 30 to May 7, 2025. The following are the Energy Stocks that Lost the Most This Week. The stocks are ranked according to their share price decline during this period. At Insider Monkey, we are obsessed with the stocks that hedge funds pile into. The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (). Share Price Decline Between Apr. 30 – May. 7: 8.28% As one of the world's largest independent owners and operators of marine-based LNG midstream infrastructure, Golar LNG Limited (NASDAQ:GLNG) designs, converts, owns, and operates marine infrastructure that turns natural gas into LNG. The share price of Golar LNG Limited (NASDAQ:GLNG) surged by over 38% in April following an impressive month, so the recent decline could be due to profit-taking by investors. The firm is making significant progress in Argentina and revealed last week that it has reached FID for the 20-year re-deployment charter of the FLNG Hilli, in order to monetize gas from the Vaca Muerta shale formation. In addition, Golar has also signed definitive agreements with SESA for a 20-year charter for the MKII FLNG. The two FLNG agreements are expected to add around $13.7 billion in earnings backlog to GLNG over the next two decades. Overall, GLNG ranks 7th on our list of the energy stocks that lost the most this week. While we acknowledge the potential of energy companies, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. 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 this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. 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
