GLNG Earnings Prediction
The chart below shows how GLNG performed 10 days before and after its earnings report, based on data from the past quarters. Typically, GLNG sees a +2.05% change in stock price 10 days leading up to the earnings, and a +5.06% change 10 days following the report. On the earnings day itself, the stock moves by -2.50%. This data can give you a slight idea of what to expect for the next quarter's release.
GLNG Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
64.81M
-3.64%
0.18%
Gross Margin
28.65%
-34.69%
3.39%
Operating Margin
12.89%
-55.78%
-2.42%
Net Margin
-55.50%
-132.78%
-201.91%
EPS
-0.33
-137.93%
-232.00%
No Data Available
GLNG Earnings Analysis
Golar LNG Ltd Corporation (GLNG.O) Earnings Conference Call
Positive
FLNG Capacity Expansion: During Q3, we ordered our third FLNG, a Mark II FLNG with an annual liquefaction capacity of 3.5 million tonnes per annum. This represents a 70% increase to Golar's own liquefaction capacity and the Mark II FLNG will deliver within 2027.
Financial Overview Q3: Our key figures as of Q3 include a market cap of just around $4 billion, a cash position of just over $800 million net debt of around $650 million and an EBITDA backlog of approximately $11 billion inclusive of the Pan American Energy contract in Argentina.
Operating Revenue Increase: We achieved total operating revenues of $65 million with FLNG tariffs reaching $89 million, a slight increase from $88 million in Q2. This growth reflects higher realized variable earnings linked to Brent and TTF prices.
Financial Performance Overview: Total adjusted EBITDA for the quarter of $59 million, unsecured bond issue of $300 million, and a cash position of over $800 million.
Quarterly Dividend Announcement: We are pleased to declare a dividend of $0.25 per share this quarter, with a record date of November 25 and payments scheduled for on or around December 2.
Negative
Revenue Struggle Noted: Total operating revenues reached $65 million, which is a slight increase from $88 million in Q2, indicating a struggle to maintain revenue growth.
Adjusted EBITDA Consistency: The adjusted EBITDA for the quarter was $59 million, remaining largely consistent with last quarter despite recognizing some pre-operational expenses associated with commissioning activities of Gim.
Net Loss Due to Derivatives: The company reported a net loss of $35 million primarily due to non-cash adjustments in the value of embedded TTF and Brent derivatives compared to Q2.
Net Debt Position Analysis: The net debt position at the end of the quarter stood at $646 million, indicating a significant debt burden that could impact future financial flexibility.
Backlog Impact on Cash Flow: The company has a significant backlog of $4.3 billion from Gim, which may create pressure on cash flow and operational efficiency.
GLNG FAQs
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GLNG Earning Call Sentiment
Golar LNG Limited (GLNG) Q3 2024 Earnings Call Transcript
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00:00
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GLNG.O
-4.63%Positive
The earnings call highlights significant growth in liquefaction capacity, a new FLNG order, and a share buyback program, all of which are positive indicators. However, concerns about competition, regulatory issues, and supply chain challenges slightly temper this optimism. The Q&A session shows some uncertainty due to lack of specific revenue guidance, but overall, the strategic initiatives and market positioning support a positive outlook for the stock price over the next two weeks.
