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Golar LNG Ltd - GLNG STOCK NEWS

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 Ltd (Nasdaq: GLNG) is one of the world’s largest independent owners and operators of marine-based LNG midstream infrastructure. The company specializes in the liquefaction, transportation, and regasification of natural gas. With over 40 years of experience in the LNG midstream sector, Golar LNG Ltd has built a reputation for providing flexible, low-cost, and fast-track LNG-based solutions designed to succeed even in low commodity price environments.

Golar LNG Ltd's core business includes the operation of a fleet of Floating Liquefaction Natural Gas vessels (FLNG) and Floating Storage and Regasification Units (FSRU). The company is actively involved in the entire LNG supply chain, from the well to the consumer, and operates several significant projects and joint ventures. One noteworthy partnership is with Schlumberger in a joint venture known as OneLNG, focused on floating liquefaction. Another key partnership is with Stonepeak, forming Golar Power, dedicated to the ownership and operation of FSRUs and power generation infrastructure.

Golar LNG Ltd continues to expand its innovative floating LNG assets to monetize natural gas reserves effectively and deliver LNG. The company's vision is to revolutionize the LNG market by leveraging its marine expertise and innovative solutions.

Financially, Golar LNG Ltd generates most of its revenue from the FLNG segment, which highlights the company's strategic focus on this profitable area. The company is listed on the Nasdaq stock market under the symbol GLNG, making it an accessible investment option for those interested in the LNG sector.

Recent achievements include several key financial and operational milestones. These developments underline Golar LNG Ltd's commitment to growth and maintaining its position as a leader in the LNG industry.

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Golar LNG Limited reports full year 2023 total operating revenues of $298 million, a net loss of $47 million, and Adjusted EBITDA of $356 million. FLNG Hilli exceeded production targets, FLNG Gimi arrived at GTA hub, and discussions for new FLNG opportunities are progressing. Share buybacks, dividends declared, and progress on FLNG business development highlighted.
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Golar LNG will release its 4th Quarter 2023 results before the NASDAQ opens on February 29, 2024. A webcast presentation will follow at 1:00 P.M (London Time) and will be available for download from the Investor Relations section at www.golarlng.com. Participants are advised to join the conference call via the listen-only live webcast link provided. Sell-side analysts interested in raising questions during the Q&A session should access the event via the conference call. There will be a limit of two questions per participant.
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Golar LNG Limited (Golar) announces that FLNG Gimi has arrived at the GTA field offshore Mauritania and Senegal, marking a significant milestone for the company's long-term relationship with bp and the GTA partners. The CEO, Karl-Fredrik Staubo, expressed his satisfaction with the arrival, highlighting the excitement to integrate the Golar FLNG Facility with the GTA hub and commence LNG production. Rahman Rahmanov, bp's vice president projects for Mauritania & Senegal, emphasized the achievement as a major step forward for the overall delivery of the GTA1 project.
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Golar LNG Limited (Golar) announces the re-sale of $30.5 million notional value of its senior unsecured bonds and an update on its share buyback program. The company has bought back 1,126,682 shares, reducing the total outstanding shares to 104,798,000. Golar maintains $130.6 million notional value of unsecured bonds in treasury, with $92.9 million remaining for further share repurchases.
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Golar LNG (GLNG) declares a total dividend of $0.25 per share to be paid on or around December 11, 2023, with a record date of December 1, 2023. Due to the CSDR, shares registered in Norway's VPS will receive dividends in NOK. Ex-date is November 30, 2023.
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Golar LNG (GLNG) reports Q3 2023 net income of $114 million and Adjusted EBITDA of $75 million. The company achieved an operating milestone with FLNG Hilli and finalized the sale of LNG carrier Gandria. Golar also declared a dividend of $0.25 per share for the quarter.
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Golar LNG Limited (Golar) announces the departure of FLNG Gimi from Singapore's Seatrium Shipyard. The vessel is sailing to BP's GTA hub offshore Mauritania and Senegal, with expected cash flows under a 20-year Lease and Operate Agreement. CEO Karl-Fredrik Staubo expresses gratitude to suppliers and looks forward to doubling the operating fleet of FLNGs.
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Pioneer Power Solutions, Inc. (Nasdaq: PPSI) has announced a significant expansion in the South Central Region by providing an e-Boost electric vehicle charging solution to MACAW Energies. This solution will support MACAW's low carbon LNG to ultra high-speed EV charging in Texas, aiming to accelerate EV adoption for fleet customers through a pilot project.
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Golar LNG will release its 3rd Quarter 2023 results on November 21, 2023. A webcast presentation will be held at 1:00 P.M (London Time) on the same day.
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Golar LNG Limited announces presentation and FLNG Gimi vessel tour in Singapore on September 6, 2023.
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FAQ

What is the current stock price of Golar LNG (GLNG)?

The current stock price of Golar LNG (GLNG) is $36.86 as of November 21, 2024.

What is the market cap of Golar LNG (GLNG)?

The market cap of Golar LNG (GLNG) is approximately 3.2B.

What does Golar LNG Ltd do?

Golar LNG Ltd specializes in the liquefaction, transportation, and regasification of natural gas through its fleet of FLNG and FSRU vessels.

Where is Golar LNG Ltd listed?

Golar LNG Ltd is listed on the Nasdaq stock market under the symbol GLNG.

What are FLNG and FSRU?

FLNG stands for Floating Liquefaction Natural Gas vessel, and FSRU stands for Floating Storage and Regasification Unit. Both are integral to Golar LNG Ltd's operations.

What joint ventures is Golar LNG Ltd involved in?

Golar LNG Ltd is involved in OneLNG with Schlumberger for floating liquefaction and Golar Power with Stonepeak for FSRUs and power generation infrastructure.

What is Golar LNG Ltd's main revenue source?

The company generates most of its revenue from the FLNG segment.

How long has Golar LNG Ltd been in the LNG industry?

Golar LNG Ltd has over 40 years of experience in the LNG midstream sector.

What is the vision of Golar LNG Ltd?

Golar LNG Ltd aims to break the mould in LNG, using innovative floating LNG assets to provide competitive solutions for monetizing natural gas reserves.

How does Golar LNG Ltd ensure its solutions are cost-effective?

Golar LNG Ltd designs its LNG-based solutions to be flexible, low-cost, and fast-track, ensuring competitiveness even in low commodity price environments.

What recent achievements has Golar LNG Ltd made?

Golar LNG Ltd has achieved several key financial and operational milestones, reinforcing its position as a leader in the LNG industry.

Who can invest in Golar LNG Ltd?

Investors interested in the LNG sector can invest in Golar LNG Ltd via the Nasdaq stock market under the ticker symbol GLNG.

Golar LNG Ltd

Nasdaq:GLNG

GLNG Rankings

GLNG Stock Data

3.21B
93.07M
10.85%
73.47%
5.08%
Oil & Gas Midstream
Energy
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United States of America
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