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Golar Lng Limited (GLNG)
NASDAQ:GLNG
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Earnings Data
Report Date
Mar 04, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.38Last Year’s EPS
$0.98Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 12, 2024
|% Change Since: 9.22%
|Next Earnings Date:Mar 04, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant operational achievements and strategic advancements, including the expansion of liquefaction capacity and successful commercial negotiations. However, these positive developments were somewhat tempered by reported financial losses and uncertainties in project timelines for new FLNG opportunities.Company Guidance
During the Q3 2024 earnings call for Golar LNG Limited, CEO Karl Fredrik Staubo and CFO Eduardo Maranhao provided detailed guidance on their strategic initiatives and financial metrics. They announced the order of their third Floating Liquefied Natural Gas (FLNG), a Mark II FLNG, expected to increase their liquefaction capacity by 70% and potentially double EBITDA generation. The Mark II FLNG, with a project cost of approximately $2.2 billion, is anticipated to become operational by Q4 2027. The company's market cap stood at around $4 billion, with a cash position exceeding $800 million and net debt at approximately $650 million. They highlighted a robust EBITDA backlog of $11 billion and mentioned ongoing discussions to charter the Mark II FLNG by 2025. Golar's operational efficiency was underscored by the performance of their FLNG units, with Hilli generating an adjusted EBITDA of over $68 million in the quarter. The call also covered strategic refinancing initiatives for the Gimi, projected to unlock significant liquidity, and confirmed a $0.25 per share dividend.Significant Increase in Liquefaction Capacity
Ordered third FLNG, Mark II, with 3.5 million tonnes per annum capacity, representing a 70% increase in Golar's liquefaction capacity.
Strong Operational Performance
Hilli continued market-leading operational performance, offloading cargo #122 and exporting over 8 million tonnes of LNG since 2018.
Commercial Reset with BP for Gimi
Successfully executed a commercial reset with BP, aligning economic compensation and unlocking potential refinancing opportunities.
Financial Position and Liquidity
Maintained a cash position of over $800 million and achieved an adjusted EBITDA of $59 million for Q3.
Dividend Declaration
Declared a dividend of $0.25 per share, with payments scheduled for December 2.
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GLNG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GLNG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $37.84 | $36.20 | -4.33% |
| Aug 15, 2024 | $33.08 | $32.78 | -0.91% |
| May 28, 2024 | $26.24 | $25.30 | -3.58% |
| Feb 29, 2024 | $20.46 | $19.58 | -4.30% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Golar Lng Limited (GLNG) report earnings?
Golar Lng Limited (GLNG) is schdueled to report earning on Mar 04, 2025, TBA Not Confirmed.
What is Golar Lng Limited (GLNG) earnings time?
Golar Lng Limited (GLNG) earnings time is at Mar 04, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GLNG EPS forecast?
GLNG EPS forecast for the fiscal quarter 2024 (Q4) is $0.38.
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