Golar LNG Limited (GLNG) Income Statement Analysis

See more : Legend Mining Limited (LEG.AX) Income Statement Analysis – Financial Results

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)

Industry: Oil & Gas Midstream

Sector: Energy

Website: https://www.golarlng.com

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

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The LNG market has stabilized, leading to a slowdown in the LNG shipping sector, with the UP World LNG Shipping Index declining 3.79% in Q2. Despite the slowdown, big investors are showing interest in the industry, with recent IPOs, merger...

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July 7, 2023globenewswire.com

Golar LNG's 2nd Quarter 2023 results will be released before the NASDAQ opens on Thursday, August 10, 2023. In connection with this a webcast presentation will be held at 1:00 P.M (London Time) on Thursday August 10, 2023. The presentation...

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July 5, 2023globenewswire.com

Further to the press release of June 14, 2023 giving notice that the Golar LNG Limited 2023 Annual General Meeting will be held on August 8, 2023, a copy of the Notice of Annual General Meeting and associated information including...

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Here's Why You Should Retain Golar LNG (GLNG) Stock Now

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Pro-investor steps and sound liquidity boost Golar LNG (GLNG). However, escalating operating expenses are worrisome.

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Golar LNG (GLNG) first-quarter 2023 revenue inched up by 1% year over year.

Golar LNG Limited (GLNG) Q1 2023 Earnings Call Transcript

May 30, 2023seekingalpha.com

Golar LNG Limited (NASDAQ:GLNG ) Q1 2023 Results Conference Call May 30, 2023 8:00 AM ET Company Participants Karl Fredrik Staubo - CEO Eduardo Maranhão - CFO Conference Call Participants Chris Robertson - Deutsche Bank Ben Nolan - Stifel Craig...

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May 30, 2023globenewswire.com

Golar LNG Limited (“Golar”) is pleased to announce that it has issued its 2022 Environmental, Social and Governance (“ESG”) report. This comprehensive report describes Golar's important role in advancing the global energy transition to a lower carbon future - championing...