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GLNG's first-quarter 2025 earnings and revenues decrease year over year.
Golar LNG Limited (NASDAQ:GLNG ) Q1 2025 Earnings Conference Call May 27, 2025 8:00 AM ET Company Participants Karl Fredrik Staubo - CEO Eduardo Maranhao - CFO Morten Skjong - CTO Tor Olav Trøim - Chairman Conference Call Participants Alexander Bidwell - Webber Research & Advisory Sherif Elmaghrabi - BTIG Chris Robertson - Deutsche Bank Fredrik Dybwad - Fernley Securities Michael Webber - Webber Research Petter Haugen - ABG Sundal Collier Operator Welcome to the Golar LNG Limited First Quarter 2025 Presentation. After the slide presentation by the CEO, Karl Fredrik Staubo; CFO, Eduardo Maranhao; CTO, Morten Skjong and Chairman, Tor Olav Trøim, there will be a question and answer session.
Reference is made to the first quarter 2025 report released on May 27, 2025. Golar LNG Limited (“Golar”), NASDAQ ticker: GLNG, has declared a total dividend of $0.25 per share to be paid on or around June 10, 2025. The record date will be June 3, 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”):
Highlights and subsequent events Golar LNG Limited (“Golar” or “the Company”) reports Q1 2025 net income attributable to Golar of $8 million, Adjusted EBITDA1 of $41 million and Total Golar Cash1 of $678 million. Concluded the 20-year charter of FLNG Hilli for Southern Energy S.A.
Golar LNG Partners has neither declared nor paid its quarterly preferred unit distribution. With the partnership being an empty shell, the company remains dependent on financial support by debt-laden parent New Fortress Energy. Given New Fortress Energy's escalating debt issues, the preferred unit distribution is not likely to be reinstated anytime soon, if ever.
Golar LNG Limited (the “Company”) advises that the 2025 Annual General Meeting of the Company was held on May 20, 2024 at 10:00 am (Bermuda time) at 2nd Floor, The S.E. Pearman Building, 9 Par-la-Ville Road, Hamilton HM 11, Bermuda. The audited consolidated financial statements for the Company for the year ended December 31, 2024 were presented at the Meeting.
Due to a newly scheduled official State visit to the GTA Hub in Mauritania and Senegal, which will be attended by senior management, Golar's Q1 2025 results will be released before the NASDAQ opens on Tuesday, May 27, 2025 . In connection with this the webcast presentation will be held at 1:00 P.M (London Time) on Tuesday May 27, 2025 . The presentation will be available to download from the Investor Relations section at www.golarlng.com
Golar LNG has now secured long-term contracts for its three FLNG assets, significantly derisking its medium-term outlook and ensuring a substantial backlog of fixed EBITDA. The recent contract announcements in Argentina provide outstanding returns despite the risk of early termination. I believe Golar to be worth between $50-$55/sh, with higher pricing being contingent on additional FLNG contracts and strong LNG prices going forward.
Golar LNG (GLNG) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.
Golar LNG Limited (“GLNG”, “Golar” or “the Company”) is pleased to announce the Final Investment Decision (“FID”) and fulfilment of all conditions precedent for the 20-year re-deployment charter of the FLNG Hilli Episeyo (“FLNG Hilli” or “Hilli”), first announced on July 5, 2024. The vessel will be chartered to Southern Energy S.A. (“SESA”), offshore Argentina. In addition, Golar and SESA have signed definitive agreements for a 20-year charter for the MKII FLNG, currently under conversion at CIMC Raffles shipyard in Yantai, China. The MKII FLNG charter remains subject to FID and the same regulatory approvals as granted to the FLNG Hilli project, expected within 2025.