Market Overview

Golar LNG: Q1 Earnings Insights

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Shares of Golar LNG (NASDAQ:GLNG) moved higher by 4.3% in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share were down 160.98% year over year to ($1.07), which may not compare to the estimate of $0.09.

Revenue of $122,559,000 rose by 7.24% year over year, which missed the estimate of $139,050,000.

Looking Ahead

Golar LNG hasn't issued any earnings guidance for the time being.

Golar LNG hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: May 28, 2020

Time: 10:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/ffgxfa69

Technicals

52-week high: $19.77

Company's 52-week low was at $4.54

Price action over last quarter: down 31.73%

Company Description

Golar LNG Ltd is a midstream LNG company operates in the transportation, regasification, liquefaction and trading of LNG. The segment in which the group operates includes Power, FLNG, and vessel operations. Its vessel operations segment operates and charters out LNG carriers and floating storage regasification units on fixed terms to customers, whereas Power Segment offers integrated LNG based downstream solutions, and FLNG segment includes the costs associated with the conversion of its LNG carrier, the Hilli. The company generates maximum revenue from the Vessel Operations segment.

 

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Posted-In: Earnings News