Market Overview

Golar LNG: Q3 Earnings Insights

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Shares of Golar LNG (NASDAQ:GLNG) fell 1.1% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share were up 72.84% year over year to ($0.22), which missed the estimate of ($0.07).

Revenue of $95,152,000 decreased by 3.57% year over year, which beat the estimate of $89,310,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Conference Call Details

Date: Nov 30, 2020

Time: 10:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/h2sut2dc

Price Action

Company's 52-week high was at $15.24

52-week low: $4.54

Price action over last quarter: down 4.00%

Company Profile

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