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Golar LNG Limited (GLNG)
:GLNG
Earnings Data
Report Date
Jun 03, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.24Last Year’s EPS
0.48Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: -4.29%
|Next Earnings Date:Jun 03, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted Golar LNG's successful transition to a pure FLNG company, with a strong financial position, significant backlog, and progress on key projects like the FLNG Gimi and Mark II. However, challenges remain in securing conversion candidates and addressing infrastructure needs in Argentina for future projects.Company Guidance
During the 4Q 2024 earnings call for Golar LNG Limited, CEO Karl Fredrik Staubo and CFO Eduardo Maranhão provided detailed guidance on the company's financial and operational metrics. Golar LNG reported an adjusted EBITDA of $241 million for the full year 2024, with a cash position of approximately $700 million. They declared a dividend of $0.25 for the quarter. The company has an EBITDA backlog of $11 billion, excluding commodity exposure, bolstered by its transition to a pure FLNG company and the sale of non-core assets, including Avenir LNG and Golar Arctic. The FLNG Hilli and Gimi are under long-term contracts, contributing significantly to the backlog, with the Gimi expected to generate approximately $3 billion in EBITDA over its 20-year lease. The company also discussed the strategic acquisition of an 8% stake in the FLNG Hilli, which is expected to yield additional cash flow and increase earnings visibility. Future plans include securing a charter for the MKII FLNG and potentially ordering a fourth FLNG unit, with the company exploring opportunities for further FLNG deployments in Argentina and other markets.Transition to Pure FLNG Company
Golar LNG finalized its transition into a pure FLNG company through the sale of Avenir LNG and Golar Arctic, marking the end of a 50-year presence in the LNG shipping market.
Significant EBITDA Backlog
Golar's EBITDA backlog stands at $11 billion before commodity exposure, providing strong earnings visibility, especially with the anticipated long-term charter for the MKII FLNG.
Strong Financial Performance
Adjusted EBITDA for full-year 2024 was $241 million, with a cash position of $700 million. A dividend of $0.25 per share was declared for the quarter.
Hilli's Operational Excellence
Hilli delivered 128 cargoes since start-up in 2018, generating $277 million of EBITDA during 2024, with an increase expected from the recent acquisitions.
Gimi's Commissioning and Upcoming Operations
FLNG Gimi is expected to start full commercial operations in Q2, unlocking approximately $3 billion of EBITDA backlog.
Mark II FLNG Construction Progress
The Mark II FLNG is progressing according to schedule, with an expected delivery in 2027.
Increased Interest in Argentine Project
Three major gas producers joined the Argentine project, strengthening its economic foundation and increasing the potential for further FLNG deployments.
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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 |
|---|---|---|---|
| Feb 27, 2025 | $38.45 | $38.40 | -0.13% |
| 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% |
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 Jun 03, 2025, TBA Not Confirmed.
What is Golar LNG Limited (GLNG) earnings time?
Golar LNG Limited (GLNG) earnings time is at Jun 03, 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 2025 (Q1) is 0.24.
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