Welcome to our dedicated page for Golar LNG news (Ticker: GLNG), a resource for investors and traders seeking the latest updates and insights on Golar LNG stock.
Golar LNG Limited (GLNG) is a leader in floating LNG infrastructure, providing innovative solutions across liquefaction, transportation, and regasification. This page aggregates official company announcements, financial reports, and strategic developments for stakeholders tracking its marine-based energy operations.
Access timely updates on earnings releases, FLNG project milestones, and partnership agreements. Our curated collection ensures investors receive verified information directly from corporate sources, covering operational expansions and market positioning in the LNG sector.
Discover press releases related to vessel deployments, regulatory filings, and sustainability initiatives. Content is organized chronologically to simplify tracking of GLNG's evolving role in global natural gas monetization. Bookmark this page for streamlined access to critical updates impacting the company's performance and industry standing.
Golar LNG reported Q1 2024 net income of $55 million, including $6 million of non-cash items, and an Adjusted EBITDA of $64 million. Operational highlights include FLNG Hilli's 100% uptime and FLNG Gimi's readiness to commence operations for BP. Golar repurchased 0.7 million shares at $20.87 each and declared a $0.25 per share dividend.
Revenue decreased by 18% from Q4 2023 to $64.9 million. The company is advancing FLNG contractual negotiations and exploring additional deployment opportunities. The Board approved a $0.25 per share dividend for Q1 2024. Balance sheet highlights include $548 million in cash and a total debt position of $587 million after accounting for cash reserves.
Business development is ongoing for the MKII FLNG project, with significant progress in potential refinancing and debt facilities. The focus remains on optimizing debt, expanding FLNG operations, and enhancing shareholder returns.
Golar LNG has released its 2023 Environmental, Social, and Governance (ESG) report. This comprehensive document highlights Golar's initiatives and strategies aimed at advancing the global energy transition to a lower carbon future. Key elements include the company's flagship Floating Liquefied Natural Gas (FLNG) business and the promising small-scale Flare to Gas (F2X) initiative, which captures and monetizes flare gas onshore. These efforts aim to benefit both the environment and the communities in which Golar operates. The full report is available on Golar's website.
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