Golar LNG Q4 revenue more than doubles as FLNG Hilli, FLNG Gimi exceeded production targets

Reuters02-25
Golar LNG Q4 revenue more than doubles as FLNG Hilli, FLNG Gimi exceeded production targets

Overview

  • LNG infrastructure firm's Q4 operating revenue rose 101% yr/yr

  • Adjusted EBITDA for Q4 beat analyst expectations

  • Company repurchased and cancelled 1.1 mln shares under buyback program

Outlook

  • Golar plans to order a fourth FLNG unit once commercial terms mature

  • Company expects FLNG Gimi production to exceed contracted volumes annually

  • MKII FLNG conversion on schedule, deployment expected in 2028

Result Drivers

  • FLNG PRODUCTION - FLNG Hilli and FLNG Gimi exceeded production targets, contributing to increased earnings

  • COST MANAGEMENT - Reduced administrative and project-related costs supported Q4 earnings

  • MKII FLNG CONTRACT - Completion of conditions for 20-year contract with SESA in Argentina

Company press release: ID:nGNE106tgK

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 Operating Revenue

$132.81 mln

Q4 Net Income

$10.36 mln

Q4 Adjusted EBITDA

Beat

$91.004 mln

$81.79 mln (7 Analysts)

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the oil & gas transportation services peer group is "buy"

  • Wall Street's median 12-month price target for Golar LNG Ltd is $51.00, about 13.7% above its February 24 closing price of $44.87

  • The stock recently traded at 59 times the next 12-month earnings vs. a P/E of 47 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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