Complete financial analysis of Golar LNG Limited (GLNG) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Golar LNG Limited, a leading company in the Oil & Gas Midstream industry within the Energy sector.
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Golar LNG Limited (GLNG)
About Golar LNG Limited
Golar LNG Limited designs, builds, owns, and operates marine infrastructure for the liquefaction and regasification of LNG. It operates through Shipping and FLNG segments. The company engages in the operation and chartering of LNG carriers, Floating Liquefaction Natural Gas Vessel (FLNG), and floating storage regasification units (FSRUs), as well as operates external vessels. As of December 31, 2021, it operated nine LNG carriers, one FSRU, and three FLNGs. The company was founded in 1946 and is headquartered in Hamilton, Bermuda.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 298.43M | 267.74M | 451.77M | 438.64M | 448.75M | 430.60M | 143.54M | 80.26M | 102.67M | 106.16M | 97.38M | 423.03M | 299.85M | 379.09M | 216.50M | 228.78M | 224.67M | 239.70M | 171.04M | 163.41M | 132.77M | 130.61M | 114.22M | 113.01M | 81.79M | 78.25M |
| Cost of Revenue | 143.63M | 126.96M | 237.05M | 229.48M | 273.16M | 296.38M | 193.76M | 173.70M | 199.12M | 126.72M | 94.88M | 188.73M | 68.91M | 124.71M | 100.17M | 94.99M | 63.75M | 54.07M | 41.81M | 38.32M | 32.34M | 28.06M | 24.54M | 20.97M | 18.25M | 19.97M |
| Gross Profit | 154.80M | 140.78M | 214.71M | 209.15M | 175.59M | 134.23M | -50.22M | -93.44M | -96.45M | -20.57M | 2.50M | 234.30M | 230.93M | 254.37M | 116.32M | 133.79M | 160.93M | 185.63M | 129.23M | 125.09M | 100.42M | 102.55M | 89.69M | 92.04M | 63.54M | 58.29M |
| Gross Profit Ratio | 51.87% | 52.58% | 47.53% | 47.68% | 39.13% | 31.17% | -34.99% | -116.43% | -93.94% | -19.37% | 2.57% | 55.39% | 77.02% | 67.10% | 53.73% | 58.48% | 71.63% | 77.44% | 75.56% | 76.55% | 75.64% | 78.52% | 78.52% | 81.44% | 77.69% | 74.48% |
| Research & Development | 39.13M | 8.02M | 2.52M | 8.89M | 4.99M | 21.69M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 33.46M | 38.10M | 37.81M | 44.20M | 57.16M | 73.23M | 50.33M | 45.96M | 33.53M | 19.27M | 20.50M | 24.94M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 33.46M | 38.10M | 37.81M | 44.20M | 57.16M | 73.23M | 50.33M | 45.96M | 33.53M | 19.27M | 20.50M | 24.94M | 33.68M | 38.04M | 19.96M | 17.82M | 18.65M | 13.66M | 12.22M | 8.47M | 7.14M | 6.13M | 8.23M | 7.72M | 7.94M | 10.01M |
| Other Expenses | 66.41M | 23.43M | -5.02M | -3.26M | -15.32M | -58.41M | -81.00K | -132.00K | 0.00 | 281.00K | -3.36M | 27.00K | 70.29M | 65.08M | 63.48M | 61.58M | 60.16M | 56.82M | 50.99M | 40.50M | 31.15M | 31.30M | 31.61M | 36.49M | 29.46M | 29.72M |
| Operating Expenses | 150.17M | 61.53M | 32.79M | 40.94M | 46.83M | 36.51M | 50.33M | 45.94M | 33.53M | 24.34M | 20.50M | 24.96M | 103.97M | 148.69M | 83.44M | 79.39M | 78.81M | 70.48M | 63.21M | 48.97M | 38.29M | 37.43M | 39.85M | 44.20M | 37.40M | 39.72M |
| Cost & Expenses | 282.63M | 188.49M | 269.84M | 270.42M | 319.99M | 332.89M | 244.09M | 219.64M | 232.65M | 151.06M | 115.38M | 213.69M | 172.88M | 273.41M | 183.61M | 174.38M | 142.56M | 124.55M | 105.02M | 87.29M | 70.63M | 65.49M | 64.38M | 65.18M | 55.65M | 59.69M |
| Interest Income | 56.44M | 14.88M | 139.00K | 1.57M | 10.48M | 10.13M | 5.89M | 2.06M | 6.90M | 782.00K | 3.55M | 2.15M | 1.76M | 6.17M | 11.71M | 45.83M | 54.91M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 1.98M | 20.06M | 56.33M | 69.35M | 91.24M | 101.91M | 59.31M | 50.37M | 62.91M | 14.47M | 11.75M | 34.29M | 25.77M | 49.27M | 57.87M | 178.59M | 120.50M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 50.29M | 51.71M | 55.36M | 107.92M | 113.03M | 93.69M | 76.52M | 72.97M | 73.73M | 49.81M | 36.87M | 88.34M | 70.29M | 96.60M | 63.48M | 62.01M | 61.24M | 56.82M | 54.03M | 41.77M | 32.72M | 32.27M | 33.78M | 37.85M | 29.46M | 29.72M |
| EBITDA | 53.21M | 1.08B | 29.54M | 193.07M | 140.61M | 185.11M | 21.98M | -66.41M | -50.84M | 11.30M | 170.74M | 285.92M | 166.01M | 95.15M | 103.17M | 160.90M | 274.04M | 221.11M | 117.01M | 154.58M | 94.86M | 97.40M | 83.62M | 85.68M | 55.61M | 48.28M |
| EBITDA Ratio | 17.83% | 53.54% | -16.53% | 64.25% | 54.99% | 46.46% | 1.67% | -106.81% | -163.58% | -64.23% | 58.82% | 67.59% | 64.56% | 55.41% | 47.66% | 105.05% | 50.32% | 78.83% | 77.40% | 80.11% | 66.01% | 88.26% | 74.86% | 75.82% | 67.99% | 61.69% |
| Operating Income | 15.80M | 91.64M | 181.93M | 173.92M | 133.72M | 114.49M | -85.46M | -141.09M | -35.90M | -1.62M | 47.12M | 208.83M | 121.03M | 96.68M | 31.38M | 132.39M | 120.86M | 115.15M | 64.68M | 76.12M | 62.14M | 65.12M | 47.95M | 47.83M | 26.14M | 18.56M |
| Operating Income Ratio | 5.29% | 34.23% | 40.27% | 39.65% | 29.80% | 26.59% | -59.54% | -175.80% | -34.97% | -1.53% | 48.38% | 49.37% | 40.36% | 25.50% | 14.50% | 57.87% | 53.79% | 48.04% | 37.81% | 46.58% | 46.80% | 49.86% | 41.98% | 42.33% | 31.96% | 23.72% |
| Total Other Income/Expenses | -14.55M | 471.94M | -371.12M | -51.52M | -209.27M | -123.80M | -32.87M | -68.16M | -68.04M | -23.47M | 134.49M | 814.45M | -52.56M | -99.26M | -1.69M | -132.76M | -19.32M | -52.16M | -39.32M | -25.30M | -15.14M | -40.37M | -41.62M | -44.82M | -27.76M | -31.59M |
| Income Before Tax | 1.25M | 996.03M | -7.94M | 9.58M | -63.66M | -9.31M | -118.33M | -210.77M | -198.01M | -61.99M | 116.49M | 166.73M | 68.47M | 2.82M | 33.14M | -368.00K | 101.54M | 62.99M | 25.36M | 50.81M | 47.00M | 24.76M | 6.33M | 3.01M | -1.62M | -13.03M |
| Income Before Tax Ratio | 0.42% | 372.01% | -1.76% | 2.18% | -14.19% | -2.16% | -82.44% | -262.62% | -192.85% | -58.39% | 119.62% | 39.41% | 22.83% | 0.74% | 15.31% | -0.16% | 45.20% | 26.28% | 14.83% | 31.10% | 35.40% | 18.95% | 5.54% | 2.67% | -1.98% | -16.65% |
| Income Tax Expense | 1.87M | -438.00K | 1.74M | 981.00K | 1.02M | 1.27M | 1.51M | -589.00K | -3.05M | -1.11M | -3.40M | 3.64M | -1.71M | 1.95M | 1.64M | 510.00K | -299.00K | -1.26M | -818.00K | -420.00K | 375.00K | -88.00K | 356.00K | 78.00K | 237.00K | -236.00K |
| Net Income | -46.79M | 787.77M | -9.68M | 8.60M | -64.69M | -231.43M | -179.70M | -208.83M | -197.66M | -41.47M | 135.71M | 118.15M | 46.65M | 9.23M | 23.08M | -9.99M | 136.20M | 71.67M | 34.53M | 55.83M | 39.57M | 27.14M | 4.37M | -504.00K | -1.86M | -12.79M |
| Net Income Ratio | -15.68% | 294.23% | -2.14% | 1.96% | -14.42% | -53.74% | -125.20% | -260.21% | -192.51% | -39.06% | 139.37% | 27.93% | 15.56% | 2.43% | 10.66% | -4.37% | 60.62% | 29.90% | 20.19% | 34.17% | 29.80% | 20.78% | 3.82% | -0.45% | -2.27% | -16.35% |
| EPS | -0.44 | 6.25 | -0.09 | 0.09 | -0.64 | -2.30 | -1.79 | -2.23 | -2.12 | -0.48 | 1.36 | 12.09 | 0.62 | 0.01 | 0.34 | -0.15 | 2.09 | 1.09 | 0.53 | 0.85 | 0.68 | 0.48 | 0.08 | -0.01 | -0.03 | -0.23 |
| EPS Diluted | -0.44 | 6.22 | -0.09 | 0.09 | -0.64 | -2.30 | -1.79 | -2.22 | -2.12 | -0.48 | 1.28 | 11.66 | 0.62 | 0.01 | 0.34 | -0.15 | 2.07 | 1.05 | 0.50 | 0.84 | 0.68 | 0.48 | 0.08 | -0.01 | -0.03 | -0.23 |
| Weighted Avg Shares Out | 106.62M | 107.86M | 109.64M | 96.98M | 100.66M | 100.68M | 100.60M | 93.73M | 93.36M | 87.01M | 80.53M | 80.32M | 74.71M | 67.17M | 67.23M | 67.21M | 65.28M | 65.76M | 65.15M | 65.69M | 58.19M | 56.54M | 54.58M | 50.40M | 61.90M | 55.62M |
| Weighted Avg Shares Out (Dil) | 106.62M | 108.54M | 109.64M | 96.98M | 100.66M | 100.68M | 100.60M | 93.93M | 93.42M | 87.01M | 85.46M | 84.24M | 75.03M | 67.39M | 67.34M | 67.21M | 65.72M | 68.26M | 69.06M | 66.47M | 58.19M | 56.54M | 54.58M | 50.40M | 61.90M | 55.62M |
Golar LNG Dividend Information
Reference is made to the first quarter 2023 report released on May 30, 2023. Golar LNG has declared a total dividend of $0.25 per share to be paid on June 16, 2023. The record date will be June 12, 2023.
Golar LNG Limited Interim results for the period ended March 31, 2023
Highlights and subsequent events Golar LNG Limited (“Golar” or “the Company”) reports a Q1 2023 Adjusted EBITDA1 of $84 million and a Net Loss attributable to Golar of $102 million, inclusive of non-cash mark-to-market charges1 of $188 million. Total Golar...
Result of Summons to Written Resolution - Approved amendment to Golar's unsecured bonds
Pursuant to the announcement dated May 9, 2023 where Golar LNG Limited (“Golar” or the “Company”) instructed Nordic Trustee AS to summon a Written Resolution for the Company's senior unsecured bonds maturing 20 October 2025 (ISIN NO 0011123432), Golar announces...
What's in the Cards for Golar LNG (GLNG) in Q1 Earnings?
High operating expenses are likely to have hurt Golar LNG's (GLNG) Q1 2023 performance.
Summons to written resolution – Proposed amendment to the unsecured bonds, supported by the majority of bonds outstanding
Golar LNG Limited (“Golar” or the “Company”) has today instructed Nordic Trustee AS to summon a written resolution for the Company's senior unsecured bonds maturing 20 October 2025 (ISIN NO 0011123432). The purpose of the written resolution is to consider...
New Fortress Energy Announces First Quarter 2023 Results
NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (Nasdaq: NFE) (“NFE” or the “Company”) today reported its financial results for the first quarter of 2023. Summary Highlights Pleased to report record quarterly Adjusted EBITDA(1) of $440 million for Q1 2023 NFE's net...
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Golar LNG Limited – Q1 2023 results presentation
Golar LNG's 1st Quarter 2023 results will be released before the NASDAQ opens on Tuesday, May 30, 2023. In connection with this a webcast presentation will be held at 1:00 P.M (London Time) on Tuesday May 30, 2023. The presentation...
Golar LNG Limited - Announcement of filing of Form 20-F Annual Report
Golar LNG Limited announces that it has filed its Form 20-F for the year ended December 31, 2022 with the Securities and Exchange Commission in the U.S.
Will Golar LNG (GLNG) Beat Estimates Again in Its Next Earnings Report?
Golar LNG (GLNG) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Source: https://incomestatements.info
Category: Stock Reports