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Golar LNG Limited

Golar LNG Limited

NASDAQ•GLNG
CEO: Mr. Karl Fredrik Staubo
Sector: Energy
Industry: Oil & Gas Midstream
Listing Date: 2003-07-15
Golar LNG Limited designs, converts, owns, and operates marine infrastructure for the liquefaction of natural gas. The company operates through three segments: FLNG, Corporate and Other, and Shipping. It engages in the regasification, storage, and offloading of liquefied natural gas (LNG); operation of floating liquefaction natural gas (FLNG) vessels or projects; transportation of LNG carriers; and vessel management activities. Golar LNG Limited was founded in 1946 and is headquartered in Hamilton, Bermuda.
Contact Information
S.E. Pearman Building, 2nd Floor 9 Par-la-Ville Road, Hamilton, HM 11, Bermuda
441-295-4705
www.golarlng.com
Market Cap
$3.93B
P/E (TTM)
-516.7
23.8
Dividend Yield
2.6%
52W High
$45.98
52W Low
$29.56
52W Range
54%
3.7
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 3.7 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$122.54M+89.08%
4-Quarter Trend

EPS

$0.31-192.26%
4-Quarter Trend

FCF

-$159.57M+821.41%
4-Quarter Trend

2024 Annual Earnings Highlights

Key Highlights

Net Income Turns Profitable Stockholders realized net income of $50.8M in 2024, reversing $46.8M loss in 2023, showing strong operational recovery.
FLNG Gimi Nears Commercial Operation FLNG Gimi commissioning complete; COD expected Q2 2025, unlocking $4.3B Adjusted EBITDA backlog for the 20-year lease.
MKII FLNG Conversion Secured Executed $2.2B EPC agreement for MKII FLNG conversion; delivery expected Q4 2027, securing future capacity pipeline.
Legacy Shipping Business Exited Completed sale of last LNG carrier, Golar Arctic, for $24.0M, fully exiting legacy shipping operations as of February 2025.

Risk Factors

FLNG Project Delay Risks Delays in FLNG Gimi commissioning could cause incremental costs and adversely affect cash flows tied to $4.3B EBITDA backlog.
MKII FLNG Contracting Uncertainty Successful conversion of MKII FLNG requires $2.2B budget; failure to secure long-term contract impacts financial feasibility.
High Customer Concentration Exposure Revenue heavily dependent on limited customers; loss of a key customer could materially impact earnings and cash flows.
Floating Rate Debt Exposure $0.8B outstanding debt exposed to floating SOFR rates; rate increases could raise interest expense by $3.0M annually.

Outlook

Hilli Argentina Deployment Finalized Definitive agreements for FLNG Hilli 20-year deployment in Argentina are subject to conditions precedent expected completion Q2 2025.
Gimi Debt Facility Refinancing Closing $1.2B sale-leaseback facility for FLNG Gimi expected Q2 2025, generating net proceeds of approximately $530.0M.
MKII FLNG Capital Deployment Anticipating approximately $0.7 billion capital expenditures in 2025 related to the MKII FLNG conversion project.
Pursuing New FLNG Opportunities Progressing discussions for multiple suitable deployment opportunities for MKII FLNG, targeting contract finalization during 2025.

Peer Comparison

Revenue (TTM)

Ultrapar Participações S.A.UGP
$24.06B
+7.4%
California Resources CorporationCRC
$3.52B
+17.8%
Noble Corporation plcNE
$3.45B
+24.3%

Gross Margin (Latest Quarter)

Archrock, Inc.AROC
66.1%
+21.7 pp
Magnolia Oil & Gas CorporationMGY
46.2%
-5.1 pp
Golar LNG LimitedGLNG
41.2%
+13.5 pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
FRO$5.67B23.810.1%58.7%
NE$4.82B21.24.9%25.9%
UGP$4.57B8.419.1%41.5%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
+23.0%
Strong Growth
4Q Net Income CAGR
+111.0%
Profitability Improved
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Reports
All Years

  • Form 20-F - FY 2024

    Period End: Dec 31, 2024|Filed: Mar 27, 2025|
    Revenue: $260.37M-12.8%
    |
    EPS: $0.49+211.1%
    Beat

  • Form 20-F - FY 2023

    Period End: Dec 31, 2023|Filed: Mar 28, 2024|
    Revenue: $298.43M+11.5%
    |
    EPS: $-0.44-107.0%
    Miss

  • Form 20-F - FY 2022

    Period End: Dec 31, 2022|Filed: Mar 31, 2023|
    Revenue: $267.74M-40.7%
    |
    EPS: $6.25+7178.1%
    Meet

  • Form 20-F - FY 2021

    Period End: Dec 31, 2021|Filed: Apr 28, 2022|
    Revenue: $260.27M+3.0%
    |
    EPS: $-1.47-199.7%
    Miss

  • Form 20-F - FY 2020

    Period End: Dec 31, 2020|Filed: Apr 22, 2021|
    Revenue: $438.64M-2.3%
    |
    EPS: $-2.82+113.8%
    Miss