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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 |
Final Investment Decision for MK II 3.5mtpa FLNG
Golar LNG Limited (“Golar” or “the Company”) announces today that it has signed an Engineering, Procurement and Construction (“EPC”) agreement with CIMC Raffles (“CIMC”) for a MK II Floating LNG Production (“FLNG”) vessel with an annual liquefaction capacity of 3.5...
Golar LNG Partners Preferred Units: High Yield But Even Higher Risks
In recent years, Golar LNG Partners has liquidated virtually all of its assets and distributed the proceeds to cash-hungry parent New Fortress Energy. Following the sale of its remaining assets in Q1/2024, the partnership has become an empty shell with...
Here's Why Investors Should Give Golar LNG Stock a Miss Now
GLNG's surge in operating expenses does not bode well. High capital expenditures are further hurting the company's prospects.
Golar announces pricing of USD 300 million unsecured bond issue
Golar LNG Limited (the “Company”) has today successfully priced USD 300 million in senior unsecured bonds in the Nordic bond market. The bonds will mature in September 2029 and bear interest at 7.75% per annum. Net proceeds from the bond...
Golar LNG Limited – Fixed income investor meetings
Golar LNG Limited (“Golar”) has mandated DNB Markets and Pareto Securities as Global Coordinators and Joint Bookrunners, and Clarksons Securities and Fearnley Securities as Joint Bookrunners, to arrange a series of fixed income investor meetings commencing Monday 2 September 2024.
Golar LNG (GLNG) Q2 Earnings, Revenues Lag Estimates, Down Y/Y
Golar LNG's (GLNG) second-quarter 2024 earnings and revenues decrease year over year.
Golar LNG (GLNG) Q2 Earnings and Revenues Lag Estimates
Golar LNG (GLNG) came out with quarterly earnings of $0.42 per share, missing the Zacks Consensus Estimate of $0.44 per share. This compares to earnings of $0.62 per share a year ago.
Key information relating to the cash dividend to be paid by Golar LNG Limited (Ticker: GLNG)
Reference is made to the second quarter 2024 report released on August 15, 2024. Golar LNG Limited (“Golar”), NASDAQ ticker: GLNG, has declared a total dividend of $0.25 per share to be paid on or around September 3, 2024. The...
Interim results for the period ended June 30, 2024
Highlights and subsequent events Golar LNG Limited (“Golar” or “the Company”) signed an agreement for a 20-year FLNG deployment in Argentina. Strong progress on further FLNG opportunities.
Golar LNG Limited: 2024 AGM Results Notification
Golar LNG Limited (the “Company”) advises that the 2024 Annual General Meeting of the Company was held on August 13, 2024 at 10:00 ADT at 2nd Floor, The S.E. Pearman Building, 9 Par-la-Ville Road, Hamilton HM 11, Bermuda. The audited...
Source: https://incomestatements.info
Category: Stock Reports