Golar LNG Limited Stock News

Extremely cold winters can lead to demand spikes, and cause prices to rise.

The LNG shipping sector faces challenges with declining UPI TCE rates and pressured spot rates, exacerbated by rising gas prices and market uncertainties. Tankers are being diverted to Europe and potentially used for floating storage, which may stabilize or reverse spot rate declines. Key players like Tsakos Energy Navigation and Flex LNG experienced significant losses, while New Fortress Energ...

The third quarter of 2024 brought exciting news. Hili is committed to a 20-year contract with Pan American Energy, thus increasing the company's EBITDA backlog to $11 billion. Golar and BP resolved their dispute about Gimi's payments. Gimi's COD is scheduled for the first half of 2025. Despite stable revenue and gross profit, the company reported net loss mainly due to non-cash losses.

Golar LNG Limited (NASDAQ:GLNG ) Q3 2024 Results Conference Call November 12, 2024 8:00 AM ET Company Participants Karl Fredrik Staubo - Chief Executive Officer Eduardo Maranhao - Chief Financial Officer Conference Call Participants Ben Nolan - Stifel Chris Robertson - Deutsche Bank Kristoffer Barth Skeie - Arctic Securities Alexander Bidwell - Weber Research & Advisory Liam Burke - B. Riley Fi...

Reference is made to the third quarter 2024 report released on November 12, 2024. Golar LNG Limited (“Golar”), NASDAQ ticker: GLNG, has declared a total dividend of $0.25 per share to be paid on or around December 2, 2024.  The record date will be November 25, 2024. Due to the implementation of the Central Securities Depository Regulation (“CSDR”), please note the information below on the payme...

Highlights and subsequent events Final Investment Decision (“FID”) for MK II 3.5mtpa FLNG for delivery within 2027. Received reservation notice for FLNG Hilli under definitive agreements with Pan American Energy (“PAE”) for 20-year FLNG deployment in Argentina.

Golar LNG's 3rd Quarter 2024 results will be released before the NASDAQ opens on Tuesday, November 12, 2024. In connection with this a webcast presentation will be held at 1:00 P.M (London Time) on Tuesday November 12, 2024. The presentation will be available to download from the Investor Relations section at www.golarlng.com

UPI index declined by 0.89% last week, while the S&P 500 gained 1.11%, highlighting a challenging period for LNG shipping stocks. Despite the lack of significant news, long-term contracts averaging $84,000 per day remain a strong point for UPI companies compared to spot rates. Excelerate Energy led gains with a 2.1% rise, while New Fortress Energy saw the largest decline at 7.2%, indicating mix...