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Golar LNG Limited
🏹 Trader: 🚀 Stage 2 + Near High 📈 Stage 2 🎯 Near 52W High | BRS 76 Ready View all →
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$5.4B
Market Cap
62.0
P/E
50.34
PEG
2.8%
ROCE
5.1%
ROE
1.34
D/E
25.3%
OPM
-7.2%
% from 52W High
72
α RS
🔍 GLNG is showing a sector-leadership setup because Sector RRG has Energy in the Leading quadrant with the trail still strengthening, RS Rating is 72, and an ECS of 75.2 last quarter. Net: Broad signal stack, not a recommendation. ? RRG RS Rating ECS
Sources
Energy in Leading quadrant · RS Rating 72 · ECS 75.2
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Currency-adjusted total returns for GLNG including FX impact
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📈 Price History
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About

Golar LNG Limited designs, converts, owns, and operates marine infrastructure for the liquefaction of natural gas. The company operates in two segments, FLNG, and Corporate and Other. It engages in the regasification, storage, and liquefied natural gas (LNG) carrier transportation operations; operation of floating liquefaction natural gas (FLNG) vessels or projects; transportation of LNG carriers; and vessel management activities. The company was founded in 1946 and is headquartered in Hamilton, Bermuda.

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📊 MIXED Golar LNG Q1 2026: Record FLNG production, $106M EBITDA, targeting fourth FLNG order in 2026.
Revenue & Profitability
Q1 2026 total operating revenues were $138 million. Adjusted EBITDA increased 16% quarter-over-quarter to $106 million. Net income was $102 million. Hilli generated $47 million in Q1. Gimi contributed $150 million annual EBITDA to Golar's 70% equity stake.
Outlook
Management sees global LNG demand growing 42% by 2035, driven by energy diversification and security needs. The FLNG industry is expected to follow a similar growth trajectory to FPSOs (250+ units). Geopolitical disruptions, such as the Iran war damage at Ras Laffan, are accelerating urgency for early FLNG delivery.
Growth Drivers
Golar targets ordering its fourth FLNG within 2026, with a policy of at least one FLNG per year. Growth is driven by commercial pipeline in West Africa, Middle East, and South America. Existing assets (Hilli, Gimi, MK II) are expected to generate run-rate EBITDA exceeding $800 million annually once fully operational.
Balance Sheet & CapEx
$1.2 billion has been invested in the MK II FLNG, fully equity-funded. Golar committed $77 million in equity to the San Matías Pipeline in Argentina, expected to deliver attractive infrastructure returns. For the fourth FLNG, the company is securing long-lead items and inspecting donor vessels.
Margins
Not discussed in detail in the earnings call. However, the EBITDA margin implied from Q1 2026 is approximately 77% ($106M on $138M revenue). Gimi's overproduction added $15 million annual cash with no cost. Management expects EBITDA growth to outpace debt service, leading to substantial free cash flow expansion.
Key Risks
The transcript does not explicitly flag risks, but geopolitical disruptions (e.g., Iran war) are cited as tailwinds. Execution risks include construction schedules for the fourth FLNG and pipeline infrastructure in Argentina. No analyst questions addressed downside risks.
Generated by AI · Q1 2026 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q1 2026 Q1 2026 2026-05-20
Record Q1 LNG production and strong financials, with EBITDA up 16% and net income at $102 million. Strategic review and robust commercial pipeline support plans for a fourth FLNG unit in 2026, with long-term growth and shareholder returns in focus.
Q4 2025 Q4 2025 2026-02-25
Record 2025 results with 52% revenue growth, strong FLNG operations, and $14B EBITDA backlog secured. Outlook projects EBITDA to reach $800M by 2028, with significant upside from commodity-linked contracts and robust shareholder returns.
Q3 2025 Q3 2025 2025-11-05
Q3 2025 saw strong financial performance, with all FLNG units fully contracted and $17B EBITDA backlog secured. EBITDA is set to quadruple by 2028, supported by robust cash flow, new financing, and a $150M buyback program. Significant growth and upside remain as new projects advance.
Q2 2025 Q2 2025 2025-08-14
Secured 20-year charters for FLNG units, boosting EBITDA backlog to $17B and cash to $900M. Q2 saw strong revenue and EBITDA growth, with plans to expand the FLNG fleet and maintain robust shareholder returns.
Q1 2025 Q1 2025 2025-05-27
Secured two 20-year FLNG charters, boosting contract backlog to $17 billion EBITDA and over 60 years. Q1 revenues were $63 million, EBITDA $41 million, and net income $13 million, with strong liquidity and a $0.25/share dividend. Growth is supported by robust contracts, refinancing, and favorable market positioning.
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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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Investment Risk:
Investing in securities, including US equities and ETFs, involves inherent risks including the potential loss of principal. All investments are subject to market fluctuations, economic conditions, regulatory changes, and other factors that may affect their value. Past performance is not indicative of future results. This analysis is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

No Investment Recommendation:
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Conflict of Interest Disclosure:
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Information Sources:
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