reports
- ABGSC Financials Research
- Fredrik Flørnes Støle
- Jan Erik Gjerland
Golar LNG Limited – Q1 2025 results presentation
Golar LNG Limited – Q1 2025 results presentation Golar LNG's 1st Quarter 2025 results will be released before the NASDAQ opens on Wednesday, May 21, 2025. In connection with this, a webcast presentation will be held at 1:00 P.M (London Time) on Wednesday May 21, 2025. The presentation will be available to download from the Investor Relations section at We recommend that participants join the conference call via the listen-only live webcast link provided. Sell-side analysts interested in raising a question during the Q&A session that will immediately follow the presentation should access t...
- Jørgen Lian
Golar LNG (Buy, TP: USD48.00) - Upside potential building
We believe focus for investors will be the potential contracts in Argentina rather than the Q1 report. Recent developments look to have left Golar LNG in pole position for two FLNGs for ~6mtpa Argentine LNG exports, and we would expect more visibility once the FID for Hilli is in place in Q2e. Moreover, we believe the project pipeline could allow for further announcements in due course as the company maintains an option for FLNG #4 at the shipyard. Hence, we find the risk/reward has improved des...
- Jørgen Lian
Another abrupt change
The US Trade Representative on 17 April published revised US port fees with significant changes to the initial proposal based on industry feedback. In its current form, the fees will primarily discourage use of Chinese-controlled maritime trade services to the US, and directly affect the use of Chinese-built vessels in US ports (with several considerable exemptions to avoid harm to US trade). The previous broader fees based on fleet composition and share of Chinese-built vessels has been scrappe...
DHT DHT HOLDINGS INC.
SBL SAFE BULKERS INC.
LPG DORIAN LPG
GNK GENCO SHIPPING & TRADING LTD.
MAERSK B A.P. MOLLER - MAERSK A/S CLASS B
ODF ODFJELL ASA
WAWI WALLENIUS WILHELMSEN LOGISTICS ASA
WWI WILHELM WILHELMSEN HOLDING
SBLK STAR BULK CARRIERS CORP.
FRO FRONTLINE LTD.
G2O GOLAR LNG LIMITED
AMSC AMERICAN SHIPPING COMPANY ASA
SN6 STOLT-NIELSEN LTD.
BWLPG BW LPG LTD.
GOGLO GOLDEN OCEAN GROUP LTD
AVACF AVANCE GAS HOLDINGS LTD
HUNT HUNTER GROUP ASA
STNG SCORPIO TANKERS INC.
FLNG FLEX LNG LTD.
SFL SFL CORPORATION LIMITED
TNK TEEKAY TANKERS
2020 2020 BULKERS LTD
KCC KLAVENESS COMBINATION CARRIERS
EGLE EAGLE BULK SHIPPING
MPCC MPC CONTAINER SHIPS AS
HAUTO HOEGH AUTOLINERS ASA
WEST WESTERN BULK CHARTERING
HAFNI HAFNIA
COOL COOL COMPANY LTD.
HSHP HIMALAYA SHIPPING LTD.
FLNG Gimi completes first LNG offload
FLNG Gimi completes first LNG offload Golar LNG Limited (“Golar”) is pleased to announce that FLNG Gimi completed the offload of its first full LNG cargo to the LNG carrier British Sponsor. This introduces Mauritania and Senegal to the international gas market and triggers the final pre-Commercial Operations Date milestone bonus payment to Golar under the terms of the commercial reset agreed in August 2024. Commissioning remains on track for a Q2 2025 Commercial Operations Date (“COD”). COD triggers the start of the 20-year Lease and Operate Agreement that unlocks the equivalent of around $...
FRO – Filing of Annual Report
FRO – Filing of Annual Report Frontline plc (the “Company”) announces the filing of its annual report for the year ended December 31, 2024. The annual report can be downloaded from the Company’s website or from the link below. Additionally, shareholders can request a hard copy of our complete audited financial statements free of charge by writing to us at:John Kennedy 8 Iris Building, 7th floor, Flat/Office 740B,3106, Limassol, Cyprus. or sending an e-mail to April 7, 2025Frontline plcLimassol, Cyprus. Questions should be directed to: Lars H. Barstad: Chief Executive Officer, Front...
- Håkon Astrup
Storebrand (Buy, TP: NOK149.00) - Strong start to the year
Fuelled by strong AUM growth within Savings, and the effects of several rounds of insurance repricing, we forecast a Q1 PTP (before amortisation) of NOK1,166m, ~8% stronger YOY. With the new NOK1.5bn buyback underway, the company is offering an attractive payout yield of 6–7%. We believe the stock is attractively valued at a 2026e P/E of c10x, when adjusting for the excess capital to be distributed. We reiterate our BUY, and have raised our target price to NOK149 (140).
Golar LNG Limited - Announcement of filing of Form 20-F Annual Report
Golar LNG Limited - Announcement of filing of Form 20-F Annual Report Golar LNG Limited announces that it has filed its Form 20-F for the year ended December 31, 2024 with the Securities and Exchange Commission in the U.S. Form 20-F can be downloaded from the link below, is available on our website () and shareholders may receive a hard copy free of charge upon request. March 27, 2025 The Board of Directors Hamilton, BermudaEnquiries:Golar Management Limited: 00Stuart Buchanan This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities ...
2025 Annual General Meeting
2025 Annual General Meeting Further to the press release of February 27, 2025 giving notice that the Golar LNG Limited 2025 Annual General Meeting will be held on May 20, 2025, a copy of the Notice of Annual General Meeting and associated information can be found on our website at and in the attachment below. Golar’s 2024 Annual Report on Form 20-F will be filed with the SEC and posted to our website prior to the meeting. Golar LNG LimitedHamilton, BermudaMarch 26, 2025 This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Ac...
Golar LNG Signs Finance Lease Agreements for FLNG Gimi
Golar LNG Signs Finance Lease Agreements for FLNG Gimi Golar LNG Limited (“Golar”) is pleased to announce that it has entered into finance lease agreements with a consortium of leading Chinese leasing companies for the refinancing of the existing FLNG Gimi debt facility. The sale leaseback facility will be approximately $1.2 billion. The transaction is subject to closing conditions including documentation and third-party approvals. The facility is expected to close within Q2 2025. The contemplated sale and leaseback facility will have a tenor of 12 years and a 17-year amortization profile...
Base Prospectus and Final Terms for September 2024 $500 million unsecu...
Base Prospectus and Final Terms for September 2024 $500 million unsecured Norwegian bond On March 13 2025, the Financial Supervisory Authority of Norway (Finanstilsynet) approved a prospectus prepared by Golar LNG Limited (“Golar”) in connection with an application for listing on the Oslo Stock Exchange of the bond issued by Golar with ISIN NO0013331223. The listing prospectus and final terms are attached and are also available on Golar’s website. FORWARD LOOKING STATEMENTS This press release contains forward-looking statements (as defined in Section 21E of the Securities Exchange Act o...
Frontline Plc: 1 director
A director at Frontline Plc bought 5,000 shares at 171.050NOK and the significance rating of the trade was 57/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly...
- Jørgen Lian
‘The times they are a-changin’
The recurring theme at our 18th Energy & Shipping Conference was geopolitical uncertainty and a potential trade war, warranting a wait-and-see approach, particularly on the Trump 2.0 effect. The consensus view pointed to high asset values, with no rush to the yards, aligning with below-NAV valuations across most of our coverage. However, panellists generally saw less downside risk than the 25% average discount to steel for our Tanker, Dry Bulk and Gas coverage. Overall, the day highlighted uncer...
DHT DHT HOLDINGS INC.
SBL SAFE BULKERS INC.
LPG DORIAN LPG
GNK GENCO SHIPPING & TRADING LTD.
MAERSK B A.P. MOLLER - MAERSK A/S CLASS B
ODF ODFJELL ASA
WAWI WALLENIUS WILHELMSEN LOGISTICS ASA
WWI WILHELM WILHELMSEN HOLDING
SBLK STAR BULK CARRIERS CORP.
FRO FRONTLINE LTD.
G2O GOLAR LNG LIMITED
AMSC AMERICAN SHIPPING COMPANY ASA
SN6 STOLT-NIELSEN LTD.
BWLPG BW LPG LTD.
GOGLO GOLDEN OCEAN GROUP LTD
AVACF AVANCE GAS HOLDINGS LTD
HUNT HUNTER GROUP ASA
STNG SCORPIO TANKERS INC.
FLNG FLEX LNG LTD.
SFL SFL CORPORATION LIMITED
TNK TEEKAY TANKERS
2020 2020 BULKERS LTD
KCC KLAVENESS COMBINATION CARRIERS
EGLE EAGLE BULK SHIPPING
MPCC MPC CONTAINER SHIPS AS
HAUTO HOEGH AUTOLINERS ASA
WEST WESTERN BULK CHARTERING
HAFNI HAFNIA
COOL COOL COMPANY LTD.
HSHP HIMALAYA SHIPPING LTD.
- Jørgen Lian
Frontline Minor model adjustments
We have trimmed our 2025–2026e EBITDA by 1% after updating our forecasts for the Q4 report and Q1 guidance, and introduce our 2027 estimates. We remain positive on tanker fundamentals, particularly for VLCCs, with ~4% deliveries in 2025–2026e against ~23% of the fleet aged 20+ years at end-2026e. Along with potential catalysts such as sanctions and stricter enforcement (13% of the crude fleet is under sanctions, 11% for VLCCs), and Frontline’s current P/NAV of 0.88x (historical average ~1.2x), w...
- ABGSC Shipping & Transport Research
- Martin Mauseth
- Petter Haugen
- Jørgen Lian
Golar LNG Minor model adjustments
We have updated our estimates following the Q4 report. The company continued to progress its project pipeline, with the Gimi Commercial Operations Date (target Q2 2025), Argentina FID (target Q2 2025) and contract opportunities for MK II. As we await further news flow and the Gimi operational start-up, we have made only minor changes to our estimates reflecting the Q4 results, commodity price movements and other minor model adjustments. We do not consider these changes to be material, and we hav...
FRO – Q4 2024 Presentation
FRO – Q4 2024 Presentation Please find enclosed the presentation of Frontline plc´s fourth quarter 2024 results to be held on the webcast / conference call 28 February, 2025 at 15:00 CET. This information is subject to the disclosure requirements pursuant to section 5 – 12 of the Norwegian Securities Trading Act. Attachment
FRO – Fourth Quarter and Full Year 2024 Results
FRO – Fourth Quarter and Full Year 2024 Results FRONTLINE PLC REPORTS RESULTS FOR THE FOURTH QUARTER ENDED DECEMBER 31, 2024 Frontline plc (the “Company”, “Frontline,” “we,” “us,” or “our”), today reported unaudited results for the three and twelve months ended December 31, 2024: Highlights Profit of $66.7 million, or $0.30 per share for the fourth quarter of 2024.Adjusted profit of $45.1 million, or $0.20 per share for the fourth quarter of 2024.Declared a cash dividend of $0.20 per share for the fourth quarter of 2024.Reported revenues of $425.6 million for the fourth quarter of 2024.A...
2025 Annual General Meeting
2025 Annual General Meeting Golar LNG Limited advises that its 2025 Annual General Meeting will be held on Tuesday May 20, 2025. The record date for voting at the Annual General Meeting is set to March 13, 2025. A copy of the notice, agenda and associated material will be distributed to shareholders by normal distribution methods prior to the meeting and will also be made available on the Company’s website at Golar LNG LimitedHamilton, BermudaFebruary 27, 2025 This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act
- ABGSC Shipping & Transport Research
- Martin Mauseth
- Petter Haugen
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