Golar LNG Limited ( (GLNG) ) has released its Q4 earnings. Here is a breakdown of the information Golar LNG Limited presented to its investors.
Golar LNG Limited is a company specializing in the development and operation of floating liquefied natural gas (FLNG) vessels, a unique segment within the energy sector that focuses on offshore gas liquefaction.
In its latest earnings report, Golar LNG Limited announced a net income of $3 million for the fourth quarter of 2024, with a full-year net income of $50 million. The company highlighted several strategic moves, including the acquisition of remaining minority interests in FLNG Hilli and the commencement of FLNG Gimi commissioning.
Key financial metrics from the report include an adjusted EBITDA of $59 million for Q4 and $241 million for the full year. The company also reported a total cash reserve of $699 million. Strategic developments include the sale of its shareholding in Avenir LNG Limited for $39 million and the completion of its exit from LNG shipping with the sale of the Golar Arctic for $24 million. Additionally, Golar declared a dividend of $0.25 per share for the quarter.
Looking ahead, Golar LNG Limited’s management remains optimistic about future growth, with expectations of increased cash flow from the recent acquisition of minority interests in FLNG Hilli and the anticipated start of operations for FLNG Gimi in the second quarter of 2025. The company is also advancing discussions for new FLNG projects in various regions, which could further strengthen its market position.