An announcement from Golar LNG ( (GLNG) ) is now available.
Golar LNG Limited announced its preliminary fourth quarter and full-year 2024 financial results, reporting a net income of $3 million for Q4 and $50 million for the year. The company completed the acquisition of all remaining minority interests in FLNG Hilli, enhancing its cash flow and increasing its Adjusted EBITDA backlog by approximately $0.5 billion. The commissioning of FLNG Gimi commenced, with the first LNG production expected in Q1 2025, and the MKII FLNG conversion project is on schedule. Golar also exited the LNG shipping business with the sale of the LNG carrier Golar Arctic and sold its shareholding in Avenir LNG Limited for $39 million.
More about Golar LNG
Golar LNG Limited operates in the liquefied natural gas (LNG) industry, focusing on floating LNG (FLNG) solutions. The company is known for its FLNG conversion projects and has a significant presence in the global LNG market, providing services such as LNG production, shipping, and regasification.
YTD Price Performance: -12.29%
Average Trading Volume: 1,187,688
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $4.02B
See more data about GLNG stock on TipRanks’ Stock Analysis page.