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Golar LNG builds, owns, and operates marine infrastructure for LNG liquefaction and regasification, with a market cap of $2.3 billion. Golar's assets include FLNG vessels currently working for Perenco, with the potential for new contracts that could double EBITDA. The arrival of FLNG Gimi to the BP offshore field and its operation in late 2024 will increase Golar's EBITDA by 50% and potentially result in a dividend hike.
Solid liquidity and shareholder-friendly initiatives boost Golar LNG (GLNG).
Golar LNG (GLNG) third-quarter 2023 revenues plunge 3% year over year.
The LNG shipping sector strengthened in Q3, gaining 1.74% while the S&P 500 index lost 2.52%. UPI outperformed SPX with bigger gains and lower volatility. Japan's "K" line had double-digit returns in both Q2 and Q3, while Excelerate Energy experienced a decline.
Introducing dividend payments and a share buyback program showcase the company's commitment to enhancing shareholder returns. Redeployment of FLNG Hilli and potential new FLNG projects will keep the Company on a growth trajectory. Any share price weakness between $20.00 and $21.00, if materializes, presents an enticing buying opportunity for investors.
Golar LNG Ltd (NASDAQ:GLNG ) Q2 2023 Earnings Conference Call August 10, 2023 8:00 AM ET Company Participants Karl Staubo - CEO Eduardo Maranhao - CFO Conference Call Participants Benjamin Nolan - Stifel, Nicolaus & Company Christopher Robertson - Deutsche Bank Chris Tsung - Webber Research & Advisory Operator Welcome to the Golar LNG Limited Q2 2023 Results Presentation. After the slide presentation by the CEO, Karl Staubo; and the CFO, Eduardo Maranhao, there will be a question-and-answer session.
Supply-chain disruptions are likely to have hurt Golar LNG's (GLNG) performance in Q2.
Golar LNG (GLNG) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
Pro-investor steps and sound liquidity boost Golar LNG (GLNG). However, escalating operating expenses are worrisome.
Golar LNG (GLNG) first-quarter 2023 revenue inched up by 1% year over year.