Declared Dividend • May 25
First quarter dividend of US$0.25 announced Shareholders will receive a dividend of US$0.25. Ex-date: 1st June 2026 Payment date: 10th June 2026 Dividend yield will be 2.0%, which is lower than the industry average of 3.1%. Sustainability & Growth Dividend is covered by earnings (72% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 245% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annonce • May 22
Golar LNG Limited Declares Dividend for the First Quarter Ended March 31, 2026, Payable on June 12, 2026 Golar LNG Limited declared a dividend of $0.25 per share for the first quarter ended March 31, 2026, payable on June 12, 2026, to shareholders of record on June 1, 2026. 101.8 million shares issued and outstanding as of March 31, 2026. Due to the implementation of CSDR in Norway, dividends payable to shares registered in the VPS will be distributed on June 12, 2026. Ex-date: June 1, 2026 (same as record date per primary Nasdaq listing requirements). Reported Earnings • May 21
First quarter 2026 earnings released: EPS: US$0.82 (vs US$0.078 in 1Q 2025) First quarter 2026 results: EPS: US$0.82 (up from US$0.078 in 1Q 2025). Revenue: US$137.6m (up 120% from 1Q 2025). Net income: US$83.6m (up US$75.4m from 1Q 2025). Profit margin: 61% (up from 13% in 1Q 2025). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 33% per year, which means it is well ahead of earnings. Annonce • Apr 07
Golar LNG Limited to Report Q1, 2026 Results on May 20, 2026 Golar LNG Limited announced that they will report Q1, 2026 results Pre-Market on May 20, 2026 Annonce • Mar 27
Golar LNG Limited, Annual General Meeting, May 19, 2026 Golar LNG Limited, Annual General Meeting, May 19, 2026. Annonce • Feb 25
Golar Lng Limited Declares Dividend, Payable on or Around March 18, 2026 and Payable to Shares Registered in the Vps on or About March 20, 2026 Golar LNG Limited has declared a total dividend of $0.25 per share to be paid on or around March 18, 2026. The record date will be March 9, 2026. Ex-date: On or about March 9, 2026. Due to the implementation of CSDR in Norway, dividends payable to shares registered in the VPS will be distributed on or about March 20, 2026. Annonce • Jan 27
Golar LNG Limited to Report Q4, 2025 Results on Feb 25, 2026 Golar LNG Limited announced that they will report Q4, 2025 results Pre-Market on Feb 25, 2026 Annonce • Nov 06
Golar LNG Limited Approves Third Quarter 2025 Dividend, Payable on or Around November 24, 2025 and Payable to Shares Registered in VPS on or About November 26, 2025 Golar LNG Limited announced its Board of Directors approved a total Third Quarter 2025 dividend of USD 0.25 per share to be paid on or around November 24, 2025. The record date will be November 17, 2025. Due to the implementation of the Central Securities Depository Regulation (“CSDR”), please note the information below on the payment date for the small number of Golar shares registered in Norway’s central securities depository (“VPS”): Declared currency: USD. Dividends payable to shares registered in the VPS will be distributed in NOK Last day including right: November 14, 2025. Ex-date: November 17, 2025. Payment date: On or about November 24, 2025. Due to the implementation of CSDR in Norway, dividends payable to shares registered in the VPS will be distributed on or about November 26, 2025. Annonce • Oct 15
Golar LNG Limited to Report Q3, 2025 Results on Nov 05, 2025 Golar LNG Limited announced that they will report Q3, 2025 results Pre-Market on Nov 05, 2025 Annonce • Aug 14
Golar LNG Limited Approves Dividend for the Second Quarter 2025, Payable on or Around September 2, 2025 Golar LNG Limited’s Board of Directors approved a total second quarter 2025 dividend of $0.25 per share to be paid on or around September 2, 2025. The record date will be August 26, 2025. Ex-date: August 26, 2025. Due to the implementation of CSDR in Norway, dividends payable to shares registered in the VPS will be distributed on or about September 4, 2025. Annonce • Jul 31
Golar LNG Limited Appoints Stephen J. Schaefer as Director to the Board, Effective August 1, 2025 Golar LNG Limited announced that effective August 1, 2025, Mr. Stephen J. Schaefer will join its Board of Directors. Mr. Schaefer brings extensive experience in the natural gas and electricity markets, having been actively involved in the sector since 1993. Mr. Schaefer currently serves as Chairman of the Board of Talen Energy Corporation, as a member of the Board of Directors for GenOn Energy and as a Senior Advisor of EverGen Power LLC. His previous roles include Chairman of GenOn Energy and Texgen Power LLC and as a member of the Board of Directors for Homer City Holdings LLC and Element Markets LLC. Prior to retiring in 2015, he was a Partner with Riverstone Holdings, a private equity firm focused on energy investing. Previously, Mr. Schaefer was a Managing Director with Huron Consulting Group, where he founded and headed its Energy Practice. From 1998 to 2003 Mr. Schaefer was Managing Director and Vice President of Duke Energy North America, responsible for mergers and acquisitions. Mr. Schaefer is a Chartered Financial Analyst and holds a B.S., magna cum laude, in Finance and Accounting from Northeastern University. Annonce • Jul 02
Golar LNG Limited to Report Q2, 2025 Results on Aug 14, 2025 Golar LNG Limited announced that they will report Q2, 2025 results at 9:29 AM, Eastern Standard Time on Aug 14, 2025 Annonce • May 21
Golar LNG Limited Announces Board Changes Golar LNG Limited at its Annual General Meeting held on May 20, 2025, approved to set the maximum number of Directors to be not more than eight and elected Benoît de la Fouchardiere and Mi Hong Yoon as a Director of the Company. Golar thanked Georgina Sousa and Thorleif Egeli who retired from Golar’s Board of Directors after two decades of combined service to the Company. Following their election as Directors, Golar also welcomes Benoît de la Fouchardiere and Mi Hong Yoon to its Board. Both have already contributed to Golar’s success - in the case of Benoît, through his part in contracting FLNG Hilli in Cameroon; and in the case of Mi Hong - through her role as Company Secretary. The Company looks forward to benefiting from their relevant and extensive experience as it seeks to grow its leading FLNG offering. Annonce • Apr 25
Golar LNG Limited to Report Q1, 2025 Results on May 21, 2025 Golar LNG Limited announced that they will report Q1, 2025 results Pre-Market on May 21, 2025 Annonce • Mar 06
Stolt-Nielsen Gas Ltd. completed the acquisition of an additional stake in Avenir LNG Limited (OTCNO:AVENIR) from Golar LNG Limited (NasdaqGS:GLNG). Stolt-Nielsen Gas Ltd. entered into a share purchase agreement to acquire an additional stake in Avenir LNG Limited (OTCNO:AVENIR) from Golar LNG Limited (NasdaqGS:GLNG) for $40 million on January 27, 2025. A cash consideration of $40 million will be paid by Stolt-Nielsen Gas Ltd. As part of consideration, $40 million is paid towards common equity of Avenir LNG Limited. The transaction is subject to fulfilment of the conditions under the share purchase agreement and it is expected to close in the first quarter of 2025.
Stolt-Nielsen Gas Ltd. completed the acquisition of an additional stake in Avenir LNG Limited (OTCNO:AVENIR) from Golar LNG Limited (NasdaqGS:GLNG) on March 5, 2025. On completion, Stolt-Nielsen Gas Ltd holds 95% stake in Avenir LNG Limited and will launch a compulsory acquisition to pursue a delisting of Avenir LNG's shares from Euronext N-OTC. DNB Markets acted as financial advisor to Stolt-Nielsen Gas Ltd. Annonce • Feb 27
Golar Lng Limited Announces Cash Dividend, Payable on or Around March 18, 2025 Golar LNG Limited has declared a total dividend of $0.25 per share to be paid on or around March 18, 2025. The record date will be March 11, 2025. Annonce • Jan 29
Stolt-Nielsen Gas Ltd. agreed to acquire an unknown minority stake in Avenir LNG Limited (OTCNO:AVENIR) from Golar LNG Limited (NasdaqGS:GLNG) for approximately $40 million. Stolt-Nielsen Gas Ltd. agreed to acquire an unknown minority stake in Avenir LNG Limited (OTCNO:AVENIR) from Golar LNG Limited (NasdaqGS:GLNG) for approximately $40 million on January 27, 2025. A cash consideration of $40 million will be paid by Stolt-Nielsen Gas Ltd. As part of consideration, $40 million is paid towards common equity of Avenir LNG Limited. The expected completion of the transaction is first quarter of 2025. Reported Earnings • Nov 13
Third quarter 2024 earnings released: US$0.33 loss per share (vs US$0.87 profit in 3Q 2023) Third quarter 2024 results: US$0.33 loss per share (down from US$0.87 profit in 3Q 2023). Revenue: US$64.8m (down 3.6% from 3Q 2023). Net loss: US$34.8m (down 138% from profit in 3Q 2023). Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 1.1% decline forecast for the Oil and Gas industry in Europe. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 47% per year, which means it is well ahead of earnings. Annonce • Nov 13
Golar LNG Limited Announces Cash Dividend, Payable on or Around December 2, 2024 Golar LNG Limited has declared a total dividend of $0.25 per share to be paid on or around December 2, 2024. The record date will be November 25, 2024. Ex-date: November 22, 2024. Annonce • Oct 21
Golar LNG Limited to Report Q3, 2024 Results on Nov 12, 2024 Golar LNG Limited announced that they will report Q3, 2024 results Pre-Market on Nov 12, 2024 Declared Dividend • Aug 19
Second quarter dividend of US$0.25 announced Shareholders will receive a dividend of US$0.25. Ex-date: 26th August 2024 Payment date: 3rd September 2024 Dividend yield will be 3.1%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (75% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 35% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 16
Second quarter 2024 earnings released: EPS: US$0.25 (vs US$0.043 loss in 2Q 2023) Second quarter 2024 results: EPS: US$0.25 (up from US$0.043 loss in 2Q 2023). Revenue: US$64.7m (down 17% from 2Q 2023). Net income: US$25.9m (up US$30.6m from 2Q 2023). Profit margin: 40% (up from net loss in 2Q 2023). The move to profitability was driven by lower expenses. Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 37% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 52% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Aug 15
Golar LNG Limited Declares Cash Dividend, Payable on or Around September 3, 2024 Golar LNG Limited has declared a total dividend of $0.25 per share to be paid on or around September 3, 2024. The record date will be August 26, 2024. Last day including right is August 22, 2024. Ex-date is August 23, 2024. Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €27.10, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 208% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €16.01 per share. Annonce • Jul 02
Golar LNG Limited to Report Q2, 2024 Results on Aug 15, 2024 Golar LNG Limited announced that they will report Q2, 2024 results Pre-Market on Aug 15, 2024 Annonce • Jun 19
Golar LNG Limited announced that it expects to receive $250 million in funding from Perenco Cameroon SA Golar LNG Limited announced a private placement for the gross proceeds of $250,000,000 on June 17, 2024. The transaction will include participation from new investor Perenco Cameroon SA. Board Change • Jun 19
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 5 highly experienced directors. Director Georgina Sousa was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annonce • Jun 13
Golar LNG Limited, Annual General Meeting, Aug 13, 2024 Golar LNG Limited, Annual General Meeting, Aug 13, 2024. Declared Dividend • Jun 03
First quarter dividend of US$0.25 announced Shareholders will receive a dividend of US$0.25. Ex-date: 10th June 2024 Payment date: 17th June 2024 Dividend yield will be 4.0%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is not adequately covered by earnings (94% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 4.9% to bring the payout ratio under control. EPS is expected to grow by 52% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Annonce • May 29
Golar LNG Limited Approves Dividend for the First Quarter of 2024 , Payable on or Around June 17, 2024 and Payable to Shares Registered in the VPS on or About June 19, 2024 Golar LNG Limited declared first quarter 2024 total dividend of $0.25 per share to be paid on or around June 17, 2024. The record date will be June 10, 2024. Ex-date: June 7, 2024. Payment date: On or about June 17, 2024. Due to the implementation of CSDR in Norway, dividends payable to shares registered in the VPS will be distributed on or about June 19, 2024. Reported Earnings • May 29
First quarter 2024 earnings released: EPS: US$0.53 (vs US$0.95 loss in 1Q 2023) First quarter 2024 results: EPS: US$0.53 (up from US$0.95 loss in 1Q 2023). Revenue: US$65.0m (down 12% from 1Q 2023). Net income: US$55.2m (up US$157.3m from 1Q 2023). Profit margin: 85% (up from net loss in 1Q 2023). The move to profitability was driven by lower expenses. Revenue is forecast to grow 21% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Apr 27
Golar LNG Limited to Report Q1, 2024 Results on May 28, 2024 Golar LNG Limited announced that they will report Q1, 2024 results at 9:30 AM, US Eastern Standard Time on May 28, 2024 Reported Earnings • Mar 01
Full year 2023 earnings released: US$0.45 loss per share (vs US$8.09 profit in FY 2022) Full year 2023 results: US$0.45 loss per share (down from US$8.09 profit in FY 2022). Revenue: US$298.4m (up 12% from FY 2022). Net loss: US$47.1m (down 105% from profit in FY 2022). Revenue is forecast to grow 25% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Annonce • Feb 29
Golar LNG Limited Approves Dividend for the Fourth Quarter of 2023, Payable on or Around March 20, 2024 and Payable to Shares Registered in the VPS on or About March 22, 2024 Golar LNG Limited announced that the board of directors approved a total fourth quarter of 2023 dividend of $0.25 per share to be paid on or around March 20, 2024. The record date will be March 12, 2024. Ex-date is March 11, 2024. Due to the implementation of CSDR in Norway, dividends payable to shares registered in the VPS will be distributed on or about March 22, 2024. Annonce • Feb 06
Golar LNG Limited to Report Q4, 2023 Results on Feb 29, 2024 Golar LNG Limited announced that they will report Q4, 2023 results at 9:30 AM, US Eastern Standard Time on Feb 29, 2024 Annonce • Oct 12
Golar LNG Limited to Report Q3, 2023 Results on Nov 21, 2023 Golar LNG Limited announced that they will report Q3, 2023 results Pre-Market on Nov 21, 2023 New Risk • Aug 11
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 19% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Minor Risks Negative equity (-US$2.6b). Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (36% net profit margin). Reported Earnings • Aug 11
Second quarter 2023 earnings released: US$0.043 loss per share (vs US$0.95 profit in 2Q 2022) Second quarter 2023 results: US$0.043 loss per share (down from US$0.95 profit in 2Q 2022). Revenue: US$77.5m (up 28% from 2Q 2022). Net loss: US$4.65m (down 105% from profit in 2Q 2022). Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth. Annonce • Jul 08
Golar LNG Limited to Report Q2, 2023 Results on Aug 10, 2023 Golar LNG Limited announced that they will report Q2, 2023 results Pre-Market on Aug 10, 2023 Annonce • Jun 15
Golar LNG Limited, Annual General Meeting, Aug 08, 2023 Golar LNG Limited, Annual General Meeting, Aug 08, 2023. Reported Earnings • May 31
First quarter 2023 earnings released: US$0.95 loss per share (vs US$5.20 profit in 1Q 2022) First quarter 2023 results: US$0.95 loss per share (down from US$5.20 profit in 1Q 2022). Revenue: US$74.0m (down 7.2% from 1Q 2022). Net loss: US$102.1m (down 118% from profit in 1Q 2022). Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 44% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 01
Full year 2022 earnings released: EPS: US$8.12 (vs US$1.43 loss in FY 2021) Full year 2022 results: EPS: US$8.12 (up from US$1.43 loss in FY 2021). Revenue: US$267.7m (down 41% from FY 2021). Net income: US$872.4m (up US$1.03b from FY 2021). Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 7.2% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 117% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Annonce • Jan 17
Golar LNG Limited to Report Q4, 2022 Results on Feb 23, 2023 Golar LNG Limited announced that they will report Q4, 2022 results on Feb 23, 2023 Reported Earnings • Nov 17
Third quarter 2022 earnings released: EPS: US$1.28 (vs US$0.85 loss in 3Q 2021) Third quarter 2022 results: EPS: US$1.28 (up from US$0.85 loss in 3Q 2021). Revenue: US$68.6m (down 36% from 3Q 2021). Net income: US$138.1m (up US$228.9m from 3Q 2021). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 117% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 1 highly experienced director. Director Georgina Sousa was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annonce • Oct 25
Golar LNG Limited to Report Q3, 2022 Results on Nov 16, 2022 Golar LNG Limited announced that they will report Q3, 2022 results at 9:30 AM, US Eastern Standard Time on Nov 16, 2022 Reported Earnings • Aug 13
Second quarter 2022 earnings released: EPS: US$0.96 (vs US$0.95 loss in 2Q 2021) Second quarter 2022 results: EPS: US$0.96 (up from US$0.95 loss in 2Q 2021). Revenue: US$67.2m (down 36% from 2Q 2021). Net income: US$103.3m (up US$206.3m from 2Q 2021). Over the next year, revenue is expected to shrink by 14% compared to a 42% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 12
Investor sentiment improved over the past week After last week's 17% share price gain to €25.00, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 4x in the Oil and Gas industry in Europe. Total returns to shareholders of 127% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €40.73 per share. Annonce • Aug 12
Golar LNG Limited Reports Impairment Charges for the Second Quarter Ended June 30, 2022 Golar LNG Limited reported impairment charges for the second quarter ended June 30, 2022. For the period, the company reported Impairment of long-term assets of $76,155,000. Annonce • Jul 28
Golar LNG Limited to Report Q2, 2022 Results on Aug 11, 2022 Golar LNG Limited announced that they will report Q2, 2022 results on Aug 11, 2022 Annonce • Jul 01
Golar LNG Limited Reports Impairment Charges for the Quarter Ended March 31, 2022 Golar LNG Limited reported impairment charges for the quarter ended March 31, 2022. For the quarter, the company reported impairment of long-lived assets of $218,349,000. Annonce • Jun 02
Golar LNG Limited, Annual General Meeting, Aug 10, 2022 Golar LNG Limited, Annual General Meeting, Aug 10, 2022. Annonce • May 06
Golar LNG Limited to Report Q1, 2022 Results on May 26, 2022 Golar LNG Limited announced that they will report Q1, 2022 results on May 26, 2022 Reported Earnings • May 03
Full year 2021 earnings released: US$1.43 loss per share (vs US$1.01 loss in FY 2020) Full year 2021 results: US$1.43 loss per share (down from US$1.01 loss in FY 2020). Revenue: US$451.8m (up 3.0% from FY 2020). Net loss: US$154.2m (loss widened 58% from FY 2020). Over the next year, revenue is expected to shrink by 6.9% compared to a 55% growth forecast for the oil industry in Germany. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. Company Secretary & Director Georgina Sousa was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annonce • Apr 08
An unknown buyer acquired a 2.997149% stake in New Fortress Energy Inc. (NasdaqGS:NFE) from Golar LNG Limited (NasdaqGS:GLNG) for approximately $250 million. An unknown buyer acquired a 2.997149% stake in New Fortress Energy Inc. (NasdaqGS:NFE) from Golar LNG Limited (NasdaqGS:GLNG) for approximately $250 million on April 6, 2022. Golar LNG Limited plans to remain a supportive shareholder for the foreseeable future. The sale is expected to raise net proceeds of approximately $250 million which Golar will seek to deploy to FLNG growth projects.
An unknown buyer completed the acquisition of a 2.997149% stake in New Fortress Energy Inc. (NasdaqGS:NFE) from Golar LNG Limited (NasdaqGS:GLNG) on April 6, 2022. Reported Earnings • Feb 26
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: US$1.44 loss per share (up from US$2.82 loss in FY 2020). Revenue: US$451.8m (up 3.0% from FY 2020). Net loss: US$155.4m (loss narrowed 43% from FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is expected to shrink by 12% compared to a 75% growth forecast for the oil industry in Germany. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Annonce • Feb 10
Golar LNG Limited to Report Q4, 2021 Results on Feb 24, 2022 Golar LNG Limited announced that they will report Q4, 2021 results on Feb 24, 2022 Breakeven Date Change • Dec 31
Forecast breakeven date pushed back to 2022 The 8 analysts covering Golar LNG previously expected the company to break even in 2021. New consensus forecast suggests the company will make a profit of US$64.5m in 2022. Reported Earnings • Nov 10
Third quarter 2021 earnings released: US$0.84 loss per share (vs US$0.22 loss in 3Q 2020) The company reported a soft third quarter result with increased losses and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: US$106.6m (up 12% from 3Q 2020). Net loss: US$90.8m (loss widened 317% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings. Board Change • Nov 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. Company Secretary & Director Georgina Sousa was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Oct 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. Company Secretary & Director Georgina Sousa was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Breakeven Date Change • Sep 23
Forecast to breakeven in 2021 The 8 analysts covering Golar LNG expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$534.9m in 2021. Breakeven Date Change • Sep 07
Forecast to breakeven in 2021 The 8 analysts covering Golar LNG expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$534.9m in 2021. Reported Earnings • Aug 10
Second quarter 2021 earnings released: US$0.93 loss per share (vs US$1.72 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: US$104.3m (up 2.0% from 2Q 2020). Net loss: US$102.9m (loss narrowed 34% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 21% per year whereas the company’s share price has fallen by 24% per year. Reported Earnings • May 23
First quarter 2021 earnings released: EPS US$0.29 (vs US$0.67 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$125.8m (up 2.7% from 1Q 2020). Net income: US$31.6m (up US$97.9m from 1Q 2020). Profit margin: 25% (up from net loss in 1Q 2020). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 27% per year whereas the company’s share price has fallen by 31% per year. Reported Earnings • Apr 24
Full year 2020 earnings released: US$2.48 loss per share (vs US$2.11 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: US$438.6m (down 2.3% from FY 2019). Net loss: US$272.2m (loss widened 28% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 33% per year whereas the company’s share price has fallen by 30% per year. Reported Earnings • Feb 26
Full year 2020 earnings released The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: US$438.6m (down 2.3% from FY 2019). Net loss: US$272.2m (loss widened 28% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Feb 26
Revenue beats expectations Revenue exceeded analyst estimates by 2.8%. Over the next year, revenue is expected to shrink by 3.4% compared to a 29% growth forecast for the Oil and Gas industry in Germany. Annonce • Feb 09
Golar LNG Limited to Report Q4, 2020 Results on Feb 25, 2021 Golar LNG Limited announced that they will report Q4, 2020 results Pre-Market on Feb 25, 2021 Annonce • Jan 15
New Fortress Energy Inc. (NasdaqGS:NFE) entered into an agreement to acquire Golar LNG Partners LP (NasdaqGS:GMLP) from Golar LNG Limited (NasdaqGS:GLNG) and others for approximately $250 million. New Fortress Energy Inc. (NasdaqGS:NFE) (“NFE”) entered into an agreement to acquire Golar LNG Partners LP (NasdaqGS:GMLP) (“GMLP”) from Golar LNG Limited (NasdaqGS:GLNG) and others for approximately $250 million on January 13, 2021. Under the terms of the transaction, NFE has agreed to acquire all of the outstanding common units and general partner units of GMLP for $3.55 per unit in cash. In connection with the transaction, GMLP’s incentive distribution rights will be cancelled. The 8.75% Series A Cumulative Redeemable Preferred Units of GMLP will remain outstanding. In a related transaction, NFE has agreed to acquire Hygo Energy Transition Ltd. from Golar LNG Limited and Stonepeak Infrastructure Partners for 31.4 million shares of NFE Class A common stock and $580 million in cash. Transaction is subject to approval by the holders of a majority of GMLP’s outstanding common units, the receipt of certain regulatory approvals and third-party consents and other customary closing conditions. GMLP’s Board of Directors, acting upon the recommendation of the independent committee of GMLP, unanimously approved the proposed transaction with NFE. GLNG has entered into a support agreement with NFE committing to vote its approximately 30.8% interest in GMLP’s common units in favor of the transaction. Transaction is expected to close in first half of 2021.
Deutsche Bank Securities Inc. alongside Akin Gump Strauss Hauer & Feld LLP acted as financial and legal advisors to Conflicts Committee of GMLP. Baker Botts L.L.P. acted as legal advisor to Golar LNG Limited. Skadden, Arps, Slate, Meagher & Flom LLP, Conyers Dill & Pearman and Watson, Farley & Williams acted as the legal advisors to New Fortress Energy. Is New 90 Day High Low • Jan 08
New 90-day high: €8.85 The company is up 39% from its price of €6.35 on 09 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 36% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €19.69 per share. Annonce • Dec 11
The Court Announces Termination of Class Action Against Golar LNG Limited Golar LNG Limited announced that the putative class action lawsuit filed against the company, its CEO and the former CEO of Hygo Energy Transition Ltd. and referred to in Golar’s interim results report released on November 30, 2020 has been dismissed. The Court has therefore ordered that the case be terminated. Annonce • Dec 05
Golar LNG Limited has completed a Follow-on Equity Offering in the amount of $96.25 million. Golar LNG Limited has completed a Follow-on Equity Offering in the amount of $96.25 million.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 11,000,000
Price\Range: $8.75 Reported Earnings • Dec 02
Third quarter 2020 earnings released: US$0.22 loss per share The company reported a decent third quarter result with reduced losses and improved control over expenses, although revenues were weaker. Third quarter 2020 results: Revenue: US$95.2m (down 3.6% from 3Q 2019). Net loss: US$21.8m (loss narrowed 74% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Dec 02
Revenue beats expectations Revenue exceeded analyst estimates by 10%. Over the next year, revenue is expected to shrink by 9.8% compared to a 12% growth forecast for the Oil and Gas industry in Germany. Annonce • Nov 25
Golar LNG Limited to Report Q3, 2020 Results on Nov 30, 2020 Golar LNG Limited announced that they will report Q3, 2020 results at 9:00 AM, SA Western Standard Time on Nov 30, 2020 Annonce • Nov 21
The Portnoy Law Firm Advises Investors That A Class Action Lawsuit Has Been Filed on Behalf of Golar LNG Limited The Portnoy Law Firm advises investors that a class action lawsuit has been filed on behalf of Golar LNG Limited investors that acquired shares between April 30, 2020 and August 10, 2020. Investors have until November 23, 2020 to seek an active role in this litigation. It is alleged in this complaint that throughout the Class Period, Golar made materially misleading and false statements in regard to their business, operations and prospects. Specifically, Golar failed to disclose and/or misrepresented to investors: (1) that certain employees, including Golar’s CEO, had bribed third parties, violating anti-bribery policies; (2) that, as a result, it was likely that Golar would face regulatory scrutiny and possible penalties; (3) that, as a result of the foregoing reputational harm, Golar’s valuation ahead of its IPO would be impaired significantly; and (4) that, as a result of the foregoing, Golar’s positive statements about the their business, operations, and prospects were lacked a reasonable basis. and/or materially misleading. Annonce • Nov 20
Black & Veatch, Golar Announce Collaboration in Hydrogen, Ammonia Energy Technologies Black & Veatch and Golar LNG announced the expansion of their long-standing collaboration, focusing on broadening floating production of blue and green hydrogen and ammonia. The memo of understanding between Golar, an operator of carriers for natural gas shipping, and global floating liquefied natural gas (FLNG) solutions leader Black & Veatch reflects the growing sway of hydrogen and ammonia in a sustainable energy economy. Golar’s deep experience in delivering and operating paradigm-shifting, low-cost floating liquefied natural gas (LNG) infrastructure complements Black & Veatch’s status as a leading provider of LNG technology, an industry force in advancing decarbonization and an expert in green energy technologies. As the role of hydrogen in the green energy economy continues to expand, Black & Veatch also sees a growing case for ammonia – more energy dense than pure hydrogen, incredibly stable and easily liquified for storage and shipment around the globe in the same fashion as LNG. Ammonia then can be used in multiple energy-intensive industries to produce low-carbon electricity. Annonce • Nov 13
Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Golar LNG Limited Glancy Prongay & Murray LLP announced that the firm has remind investors of the upcoming November 24, 2020 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Golar LNG Limited securities between April 30, 2020 and September 24, 2020, inclusive. The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: that certain employees, including Hygo’s CEO, had bribed third parties, thereby violating anti-bribery policies; that, as a result, the Company was likely to face regulatory scrutiny and possible penalties; that, as a result of the foregoing reputational harm, Hygo’s valuation ahead of its IPO would be significantly impaired; and that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. Annonce • Nov 06
Zhang Investor Law Announces Securities Class Action Lawsuit Against Golar Lng Limited – Glng Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of Golar LNG Limited between April 24, 2020 and September 24, 2020,
inclusive (the “Class Period”). Annonce • Oct 15
Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against Golar LNG Limited, Lead Plaintiff Deadline: November 23, 2020 Bragar Eagel & Squire, P.C reminded investors that class actions have been commenced on behalf of stockholders of Golar LNG Limited. Class Period: April 30, 3030 to September 24, 2020. Lead Plaintiff Deadline: November 23, 2020. On September 24, 2020, media reported that the Chief Executive Officer of Golar’s joint venture, Hygo Energy Transition Ltd., was involved in a bribery network investigated in Brazil’s Operation Car Wash. Annonce • Oct 01
Bernstein Liebhard Files Lead Plaintiff Motion in A Securities Class Action Lawsuit Against Golar LNG Limited Bernstein Liebhard announced that it has reminds investors of the deadline to file a lead plaintiff motion in a securities class action that has been filed on behalf of investors that purchased or acquired the common stock of Golar LNG Limited between April 30, 2020, and August 10, 2020. Is New 90 Day High Low • Sep 29
New 90-day low: €4.96 The company is down 19% from its price of €6.15 on 01 July 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Oil and Gas industry, which is up 54% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €39.56 per share. Annonce • Aug 07
Golar LNG Limited to Report Q2, 2020 Results on Aug 13, 2020 Golar LNG Limited announced that they will report Q2, 2020 results at 9:00 AM, SA Western Standard Time on Aug 13, 2020 
