Golar LNG Stock Price, News & Analysis

Golar LNG Limited has sold approximately one third of its 18.6 million shares in New Fortress Energy Inc., expecting to raise net proceeds of about $250 million. The company plans to use these funds for FLNG growth projects. CEO Karl Fredrik Staubo expressed enthusiasm for future FLNG prospects and confirmed Golar's intention to remain a supportive shareholder of NFE. The sale follows Golar's previous transaction involving Hygo Energy Transition, completed in April 2021.

The Financial Supervisory Authority of Norway approved Golar LNG Limited's bond listing prospectus on March 11, 2022. This approval allows Golar to proceed with the bond issued under ISIN NO0011123432. The listing prospectus can be accessed on Golar's official website. The press release includes forward-looking statements regarding the company's operations and emphasizes the inherent risks and uncertainties affecting future performance. It cautions investors not to overly rely on these statements, which are subject to change as new information becomes available.

Golar LNG reported Q4 revenue of $115 million and Adjusted EBITDA of $93.5 million, reflecting strong earnings from FLNG Hilli linked to Brent oil, with a 45% rise to $12.9 million. The formation of CoolCo will slash Golar's debt by $833 million and enhance cash by $342 million. A new $250 million corporate facility boosts financial flexibility. FLNG Hilli achieved 100% commercial uptime, while FLNG Gimi is 80% complete. Expected TTF-linked earnings could lead to $400 million Adjusted EBITDA by 2024.

Golar LNG will release its 4th Quarter 2021 results on February 24, 2022, before the NASDAQ opens. A webcast presentation is scheduled for 3:00 PM (London Time) on the same day, with materials available on their Investor Relations section. Participants can join via a live webcast or teleconference, with specific dial-in numbers provided for various regions. The conference ID for participation is 1565029. A replay of the call will be available for 7 days post-event.

Golar LNG announces that Cool Company Ltd. (CoolCo) has successfully completed a $275 million private placement, boosting its initial equity value to $400 million. Major stakeholders include Eastern Pacific Shipping (38%) and Golar LNG (31%). Shares will be listed on the N-OTC, with plans for Euronext Growth Oslo in February 2022. CoolCo aims to own 8 TFDE LNG ships and position itself as a growth vehicle in the LNG shipping sector amidst a strong market outlook.

Golar LNG announced an update regarding the formation of Cool Company Ltd. (CoolCo), following investor feedback. A $250 million private placement is set to finance the acquisition of 8 TFDE LNG carriers from Golar. Eastern Pacific Shipping has pre-subscribed for $150 million. The placement will offer new shares at $10 during a book building period from January 27 to January 28, 2022. Successful completion may lead to a listing on Euronext Growth Oslo in Q1 2022, with shares also listed on N-OTC immediately post-placement.

Golar LNG announced the establishment of Cool Company Ltd. (CoolCo), intending to separate its 8 TFDE LNG carriers. The expected market capitalization for CoolCo is approximately $375 million, with Golar maintaining a stake worth $125 million. CoolCo plans to raise $250 million through a private placement, with Eastern Pacific Shipping guaranteeing $150 million. A $570 million sustainability-linked bank facility is also secured for the acquisition of 6 carriers. The process is projected to complete by Q1 2022, subject to market conditions.

Golar announces the formation of Cool Company Ltd. (CoolCo) and a pre-commitment agreement with Eastern Pacific Shipping (EPS) to expand its LNG operations. CoolCo plans to acquire Golar's 8 TFDE LNG carriers and list on Euronext Growth in Q1 2022. EPS has pre-subscribed $150 million in equity, becoming CoolCo's largest shareholder. The transaction is expected to improve Golar's corporate structure while retaining significant exposure to the LNG market. Adjusted EBITDA from Golar's FLNG segment is projected to quadruple over the next 2-3 years.