Golar LNG Limited (GLNG) To Go Ex-Dividend on August 24th

Golar LNG Limited (NASDAQ:GLNG) declared a quarterly dividend on Thursday, August 13th. Stockholders of record on Monday, August 24th will be given a dividend of 0.25 per share by the shipping company on Wednesday, September 2nd. This represents a c) annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, August 24th.

Golar LNG has a payout ratio of 96.2% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities analysts expect Golar LNG to earn $0.45 per share next year, which means the company may not be able to cover its $1.00 annual dividend with an expected future payout ratio of 222.2%.

Golar LNG Stock Performance

NASDAQ GLNG opened at $52.49 on Friday. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.57 and a quick ratio of 2.57. Golar LNG has a 1-year low of $35.02 and a 1-year high of $57.79. The business has a 50 day simple moving average of $50.11 and a two-hundred day simple moving average of $49.80. The stock has a market capitalization of $5.32 billion, a PE ratio of 32.81 and a beta of 0.05.

Golar LNG (NASDAQ:GLNG) last issued its quarterly earnings data on Thursday, March 26th. The shipping company reported $0.82 earnings per share (EPS) for the quarter. Golar LNG had a return on equity of 8.92% and a net margin of 31.27%.The business had revenue of $137.55 million for the quarter. On average, research analysts predict that Golar LNG will post 0.72 EPS for the current fiscal year.

Golar LNG News Roundup

Here are the key news stories impacting Golar LNG this week:

• Positive Sentiment: Q2 earnings and EBITDA beat expectations: Golar reported adjusted EBITDA of $127.4 million, up 159% year over year, while net income attributable to shareholders rose 145% to $38.3 million. Earnings of $0.68 per share exceeded the $0.55 consensus estimate and more than doubled from $0.26 a year earlier. Golar LNG Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Fourth FLNG project approved: Golar signed a roughly $2.45 billion engineering, procurement and construction contract for a 3.5 million-ton-per-year FLNG unit. The vessel is expected to be delivered by the end of 2029 and could expand the company’s long-term LNG production capacity, with management citing favorable delivery timing and improved payment terms. Golar LNG orders 4th FLNG unit for 2029 delivery
• Positive Sentiment: Analyst becomes more bullish: BTIG Research raised its price target from $67 to $70 and reaffirmed a “buy” rating, implying substantial upside from the current trading level.
• Positive Sentiment: Dividend maintained: Golar declared a quarterly cash dividend of $0.25 per share, payable September 2 to shareholders of record on August 24. The annualized yield is approximately 2%.
• Neutral Sentiment: Revenue growth was strong but slightly mixed against estimates: Quarterly operating revenue increased 72% year over year to $130.5 million. However, one report placed revenue modestly below the $131.3 million analyst consensus, making the earnings beat the more important positive catalyst.
• Negative Sentiment: Significant capital commitment: The new FLNG project will require approximately $2.45 billion, and Golar’s share of contractual debt was $2.68 billion, up 31% year over year. Investors may therefore monitor financing, construction execution and leverage risks as the expansion advances.

About Golar LNG

Golar LNG Ltd. is a leading owner and operator of liquefied natural gas (LNG) carriers and floating infrastructure. The company specializes in the transportation of LNG on long-term and spot charters for major energy firms around the world. In addition to shipping, Golar LNG has broadened its services to include project development and the conversion of existing carriers into Floating Liquefied Natural Gas (FLNG) and Floating Storage and Regasification Unit (FSRU) vessels.

Since pioneering the first purpose-built FLNG conversion project, Golar LNG has been at the forefront of offshore gas monetization.