Golar LNG Stock Price, News & Analysis

Golar LNG (GLNG) has scheduled its Q4 2024 earnings release for Thursday, February 27, 2025, before NASDAQ market opening. The company will host a webcast presentation at 1:00 P.M London Time on the same day.

The presentation materials will be accessible through the Investor Relations section of Golar LNG's website. Participants are encouraged to join via the listen-only live webcast link. Sell-side analysts can participate in the Q&A session through a conference call, with a limit of two questions per participant.

For those unable to attend live, presentation materials and a replay of the event audio will be available on the company's website in the Investors, Results Centre section.

Golar LNG has agreed to sell its entire stake in Avenir LNG to Stolt-Nielsen Gas for approximately $40 million. The transaction is expected to complete in Q1 2025, subject to conditions. Following the October 2024 spin-off of Higas Srl, Golar will maintain a 25% shareholding in the HIGAS LNG storage terminal in Sardinia, which has a total book value of $40.5 million (comprising $24.7m in shareholder loans and $15.8m in shareholders equity).

The divestment aligns with Golar's strategy to focus on expanding its FLNG market position. CEO Karl-Fredrik Staubo noted that following the 2021 sale of Hygo Energy Transition , the Avenir LNG investment was no longer considered a core asset in Golar's portfolio.

Golar LNG announced that FLNG Gimi received feed gas from bp's FPSO at the Greater Tortue Ahmeyim (GTA) project offshore Mauritania and Senegal on January 18, 2025. Full commissioning has begun, advancing from previous commissioning work using gas from LNG carrier British Sponsor. The first LNG export cargo is expected in Q1 2025, with full Commercial Operations Date (COD) anticipated in Q2 2025.

The feed gas receipt triggers the final upward adjustment to the Commissioning Rate under the August 2024 commercial reset. Upon reaching COD, the 20-year Lease and Operate Agreement will commence, generating approximately $3 billion in Adjusted EBITDA Backlog for Golar's share, with contractual payments including capital and operating elements reflected in both balance sheet and income statement.

Golar LNG has acquired all minority ownership interests in the FLNG Hilli from Seatrium and Black & Veatch for $90.2 million, comprising $59.9M in equity and $30.3M in debt facility share. The acquisition includes 5.45% common units, 10.9% Series A shares, and 10.9% Series B shares, equivalent to ~8% of full FLNG capacity.

The FLNG Hilli is currently contracted to Perenco in Cameroon until July 2026 and is planned to relocate to Argentina for a 20-year contract with Southern Energy afterward. Since 2018, the vessel has delivered 124 LNG cargoes and offloaded over 8.5 million tons of LNG. The increased ownership is expected to add approximately $0.5bn of Adjusted EBITDA backlog and will be effective from January 1, 2025.

Golar LNG (NASDAQ: GLNG) has announced a quarterly dividend of $0.25 per share for the third quarter of 2024. The dividend will be paid on or around December 2, 2024, with a record date of November 25, 2024. For shares registered in Norway's central securities depository (VPS), due to the Central Securities Depository Regulation (CSDR) implementation, the payment will be distributed in NOK on or about December 4, 2024. The ex-dividend date is set for November 22, 2024.

Golar LNG reports Q3 2024 financial results with a net loss of $36 million, though achieving $54 million net profit excluding $90 million in non-cash items. Key developments include reaching Final Investment Decision for a new 3.5mtpa FLNG vessel for 2027 delivery, receiving a reservation notice from Pan American Energy for FLNG Hilli's 20-year deployment in Argentina, and maintaining strong operational performance. The company declared a $0.25 per share dividend and reports an Adjusted EBITDA backlog of approximately $11 billion. FLNG Gimi's commissioning is underway with Commercial Operations Date expected in 1H 2025.

Golar LNG has announced the release of its Q3 2024 results on Tuesday, November 12, 2024, before the NASDAQ opens. The company will host a webcast presentation at 1:00 P.M (London Time) on the same day. Participants are encouraged to join via the listen-only live webcast link available on the Investor Relations section of www.golarlng.com.

Sell-side analysts can participate in the Q&A session following the presentation by accessing the event via a provided conference call link. The company recommends connecting 10 minutes before the call starts. There will be a limit of two questions per participant. For those unable to attend, a replay of the event audio will be available on the company's website for a time.

Golar LNG has signed an Engineering, Procurement, and Construction (EPC) agreement with CIMC Raffles for a MK II Floating LNG Production (FLNG) vessel, boasting a 3.5 million tons per annum (MTPA) liquefaction capacity. The project will employ Black & Veatch's PRICO® technology for engineering and process design, similar to Golar's existing FLNG assets. The total EPC cost is $1.6 billion, with a full conversion budget of $2.2 billion, and the delivery is expected in Q4 2027. Golar has already spent $0.3 billion to date. The MK II design, an upgrade from MK I, will leverage the Golar-owned LNG carrier Fuji LNG and promises efficiency improvements and modular construction. Golar has secured an option for a second MK II FLNG conversion with CIMC, aimed for delivery within 2028. The MK II FLNG could generate approximately $0.5 billion in EBITDA annually, significantly enhancing Golar's market position by increasing its liquefaction capacity by 70% to 8.6 MTPA.

Golar LNG (GLNG) has successfully priced USD 300 million in senior unsecured bonds in the Nordic bond market. The bonds will mature in September 2029 and carry an interest rate of 7.75% per annum. The company plans to use the net proceeds for capital expenditure, debt refinancing, and general corporate purposes. An application will be submitted to list the bonds on the Oslo Stock Exchange. The bond issue was facilitated by DNB Markets and Pareto Securities as Global Coordinators and Joint Bookrunners, with Clarksons Securities and Fearnley Securities acting as Joint Bookrunners.