Golar LNG Stock Price, News & Analysis

Golar LNG has announced its upcoming 2025 Annual General Meeting, scheduled for Tuesday, May 20, 2025. The company has set March 13, 2025, as the record date for voting eligibility. Shareholders will receive meeting materials through standard distribution channels, and all documentation will be accessible on the company's website at www.golarlng.com. The announcement complies with Norwegian Securities Trading Act disclosure requirements.

Golar LNG (NASDAQ: GLNG) has announced a cash dividend of $0.25 per share following their fourth quarter 2024 report released on February 27, 2025. The dividend payment is scheduled for March 18, 2025, with a record date of March 11, 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 dividend payment will be distributed on or about March 20, 2025 in NOK currency. The ex-dividend date is set for March 10, 2025.

Golar LNG reports Q4 2024 net income of $3 million and Adjusted EBITDA of $59 million, with full-year 2024 net income of $50 million and Adjusted EBITDA of $241 million. Total cash position stands at $699 million.

Key developments include:

• Acquisition of remaining minority interests in FLNG Hilli for $60 million cash plus $30 million in debt
• FLNG Gimi commenced commissioning with first LNG production
• MKII FLNG conversion project 9% complete
• Sale of Avenir LNG stake for $39 million
• Exit from LNG shipping with Golar Arctic sale for $24 million
• Quarterly dividend declared at $0.25 per share

FLNG Hilli maintained strong operations, exceeding 2024 production targets. The Argentina project strengthened with Pampa Energia, Harbour Energy, and YPF joining the consortium. FLNG Gimi is expected to reach Commercial Operations Date in Q2 2025, unlocking approximately $3 billion in Adjusted EBITDA backlog.

Golar LNG (GLNG) has announced the sale of its last LNG carrier, the Golar Arctic, for $24 million, marking its complete exit from the LNG shipping segment. The transaction is expected to close in Q1 2025. This strategic move concludes Golar's 50-year presence in LNG shipping, which began in 1975.

The company's other vessel, Fuji LNG, completed its final cargo delivery in January 2025 and is preparing for conversion into a MKII FLNG at CIMC shipyard in China. This transformation completes Golar's transition into a focused FLNG infrastructure company, positioning it to expand its market-leading position in the FLNG sector.

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.