Golar LNG Stock Price, News & Analysis

Golar LNG Limited (NASDAQ: GLNG) has successfully closed its previously announced offering of $575 million of 2.75% Convertible Senior Notes due 2030, including a $75 million option exercise by initial purchasers. The Notes, sold to qualified institutional buyers under Rule 144A, carry a 2.75% annual interest rate payable semi-annually and mature on December 15, 2030.

The Notes are convertible into GLNG common shares, cash, or a combination thereof, at an initial conversion rate of 17.3834 common shares per $1,000 principal amount, equivalent to a conversion price of approximately $57.53 per share - a 40% premium over the June 25, 2025 closing price of $41.09.

The company has used part of the proceeds to repurchase 2.5 million common shares, reducing total outstanding shares to 102.3 million. The remaining proceeds will fund general corporate purposes, including potential investments in a fourth FLNG unit, MKII FLNG conversion costs, FLNG Hilli redeployment costs, debt repayment, and working capital.

Golar LNG Limited (NASDAQ: GLNG) has announced the pricing of $500 million of 2.75% Convertible Senior Notes due 2030, with an additional 30-day option for purchasers to acquire up to $75 million more. The Notes will bear interest at 2.75% annually, payable semi-annually, and will be convertible into common shares, cash, or a combination at the company's discretion.

The initial conversion rate is set at 17.3834 common shares per $1,000 principal amount, equivalent to a conversion price of $57.53 per share. The company plans to use the proceeds to repurchase 2.5 million common shares and for general corporate purposes, including potential investments in a fourth FLNG unit and various operational costs.

Golar LNG Limited (NASDAQ: GLNG) has announced plans to offer $500 million in Convertible Senior Notes due 2030 through a private placement to qualified institutional buyers. The company will also grant initial purchasers a 30-day option for an additional $75 million in notes.

The notes will be senior, unsecured obligations paying semiannual interest, maturing December 15, 2030, and will be convertible into common shares, cash, or a combination thereof. The proceeds will be used to repurchase up to 2.5 million common shares and for general corporate purposes, including potential investments in a fourth FLNG unit, MKII FLNG conversion costs, and FLNG Hilli redeployment costs.

Golar LNG has announced that its FLNG Gimi vessel has achieved Commercial Operations Date (COD) for the Greater Tortue Ahmeyim project offshore Mauritania and Senegal. This milestone activates a 20-year Lease and Operate Agreement worth approximately $3 billion in Adjusted EBITDA backlog for Golar's share. The project represents a significant achievement for African offshore development, establishing Mauritania and Senegal as LNG exporters. Following this and the May 2025 announcement of two FLNG charters in Argentina, Golar is expediting development of additional FLNG units. The company is evaluating multiple options including a 3.5mtpa MKII option at CIMC Raffles shipyard, conducting a final engineering study for a 5mtpa MKIII FLNG, and updating specifications for a 2.7mtpa MKI FLNG, with design choices being guided by charterer demand.

Golar LNG Limited (NASDAQ: GLNG) has announced a quarterly cash dividend of $0.25 per share for the first quarter of 2025. The dividend will be paid on or around June 10, 2025, with a record date of June 3, 2025. For shareholders with shares registered in Norway's central securities depository (VPS), due to the implementation of the Central Securities Depository Regulation (CSDR), the payment will be distributed in NOK on or about June 12, 2025. The ex-dividend date is set for June 2, 2025.

Golar LNG reported Q1 2025 results with net income of $8 million, Adjusted EBITDA of $41 million, and Total Golar Cash of $678 million. The company secured two major FLNG contracts with Southern Energy (SESA) in Argentina: a 20-year charter for FLNG Hilli (2.45mtpa) and MKII FLNG (3.5mtpa), creating one of the world's largest FLNG development projects at 5.95mtpa. The contracts are expected to generate $13.7 billion in Adjusted EBITDA backlog over 20 years. FLNG Hilli will generate ~$285 million annual EBITDA starting 2027, while MKII FLNG will contribute ~$400 million annually from 2028. Both contracts include commodity-linked upside potential. The company maintains a $0.25 quarterly dividend and has completed its exit from LNG shipping with the sale of Golar Arctic. FLNG Gimi is in final commissioning stages with COD expected in Q2 2025.

Golar LNG Limited (GLNG) held its 2025 Annual General Meeting on May 20, 2025, in Hamilton, Bermuda. Key resolutions passed include setting a maximum of eight Directors and authorizing the Board to fill casual vacancies. The company re-elected five existing directors: Tor Olav Trøim, Daniel W. Rabun, Carl E. Steen, Niels G. Stolt-Nielsen, and Lori Wheeler Naess. Two new directors, Benoît de la Fouchardiere and Mi Hong Yoon, were elected to replace retiring board members Georgina Sousa and Thorleif Egeli. The meeting also approved board remuneration not exceeding $2 million for 2025 and re-appointed Ernst & Young LLP as auditors. The new appointments strengthen Golar's transition from a shipping company to a pure play FLNG business.

Golar LNG Limited (GLNG) has announced a change in the date of its Q1 2025 results presentation due to senior management's attendance at a State visit to the GTA Hub in Mauritania and Senegal. The Q1 2025 results will now be released before NASDAQ opens on Tuesday, May 27, 2025, with a webcast presentation scheduled for 1:00 P.M (London Time) on the same day.

The company will provide two participation options: a listen-only live webcast and a teleconference for sell-side analysts who wish to participate in the Q&A session. Participants are advised to connect 10 minutes before the call and will be limited to two questions each. The presentation materials will be available for download from the Investor Relations section at www.golarlng.com.

Golar LNG (GLNG) has secured two major 20-year FLNG charter agreements in Argentina, marking one of the world's largest FLNG development projects. The first agreement involves the FLNG Hilli (2.45 MTPA capacity) with a $285 million annual charter hire, starting 2027. The second involves the MKII FLNG (3.5 MTPA capacity) with a $400 million annual charter hire, starting 2028. Both charters include a 25% commodity linked tariff for prices above $8/mmbtu. The projects will add $13.7 billion in earnings backlog over 20 years. The vessels will be chartered to Southern Energy S.A. (SESA), a consortium including major gas producers and Golar (10% stake). The FLNGs will be located in the Gulf of San Matias, monetizing gas from the Vaca Muerta formation, the world's second-largest shale gas resource.