reports
- Jørgen Lian
Yard response and dry bulk qualms
Our trip to South Korea and China revealed Chinese shipbuilders are seeking growth to take on Korea’s established yards who are facing constraints. An eagerness to add capacity is one of our takeaways, as well as a gloomy outlook for Chinese real estate, which in our view should inevitably weigh on dry bulk demand.
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.
Golar LNG Limited – Q1 2024 results presentation
Golar LNG Limited – Q1 2024 results presentation Golar LNG's 1st Quarter 2024 results will be released before the NASDAQ opens on Tuesday, May 28, 2024. In connection with this a webcast presentation will be held at 1:00 P.M (London Time) on Tuesday May 28, 2024. 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 the ev...
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, 2023 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 28, 2024 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 ...
- Jørgen Lian
A brewing challenge for the yards
Our 17th Annual Energy & Shipping Conference was well attended by investors and industry executives showcasing the still-growing interest for the sectors. Limited yard capacity is fuelling high newbuilding prices and raising freight rate expectations for the vast fleet renewal necessary in the coming decade. Long lead times underpin a bullish supply story for much of shipping in the coming years, albeit exposed to geopolitical risks affecting trade patterns. Our overall impression was general op...
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
Golar LNG Minor model adjustments
We have updated our estimates, owing to the Q4 report. The company is progressing discussions for its next FLNG contracts, and we still find it well-placed to secure additional business that we believe is not currently reflected in the share price, which could prompt a re-rating. While we wait, we have made only minor adjustments to our estimates. We do not consider these changes to be material, and we have not changed our BUY recommendation. We reiterate our USD31 target price.
Key information relating to the cash dividend to be paid by Golar LNG ...
Key information relating to the cash dividend to be paid by Golar LNG Limited Reference is made to the fourth quarter 2023 report released on February 29, 2024. Golar LNG Limited (“Golar”), NASDAQ ticker: GLNG, has declared a total dividend of $0.25 per share to be paid on or around March 20, 2024. The record date will be March 12, 2024. Due to the implementation of the Central Securities Depository Regulation (“CSDR”), please note the information below on the payment date for the small number of Golar shares registered in Norway’s central securities depository (“VPS”): Dividend amount: $...
Golar LNG Limited preliminary fourth quarter and financial year 2023 r...
Golar LNG Limited preliminary fourth quarter and financial year 2023 results Highlights and subsequent events Golar LNG Limited (“Golar” or “the Company”) reports full year 2023 total operating revenues of $298 million, a net loss attributable to Golar of $47 million inclusive of $331 million of non-cash items1, and Adjusted EBITDA1 of $356 million.Q4 2023 total operating revenues of $80 million, a net loss attributable to Golar of $33 million inclusive of $117 million of non-cash items1, and Adjusted EBITDA1 of $114 million.Total Golar Cash1 of $753 million.FLNG Hilli maintained market le...
- Jørgen Lian
Golar LNG (Buy, TP: USD31.00) - Gimi ready, focus on project leads
Golar LNG is in the process of delivering Gimi for its 20-year contract with BP, and although the exact timing is still uncertain, the focus is turning towards what may be next. The company has not announced a fruitful FLNG project since 2018, which we view as a long-awaited potential catalyst to illustrate the value of its leading liquefaction offering. We reiterate our BUY, but have trimmed our target price to USD31 (32).
Golar LNG Limited – Q4 2023 results presentation
Golar LNG Limited – Q4 2023 results presentation Golar LNG's 4th Quarter 2023 results will be released before the NASDAQ opens on Thursday, February 29, 2024. In connection with this a webcast presentation will be held at 1:00 P.M (London Time) on Thursday February 29, 2024. 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 a...
FLNG Gimi arrives at GTA field offshore Mauritania/Senegal
FLNG Gimi arrives at GTA field offshore Mauritania/Senegal Golar LNG Limited (“Golar” or the “Company”) announces that FLNG Gimi arrived at the GTA field offshore Mauritania and Senegal on January 10, 2024. Golar has notified bp of FLNG Gimi’s arrival. Following completion of all preparatory activities FLNG Gimi will be maneuvered to her berth at the hub and for her subsequent connection to the feed gas pipeline. Golar and bp have agreed that FLNG Gimi will proceed to moor offshore Tenerife while awaiting completion of the necessary preparatory activities. Golar CEO Karl-Fredrik Staubo com...
Update on re-sale of unsecured bonds held in treasury and share buybac...
Update on re-sale of unsecured bonds held in treasury and share buyback Golar LNG Limited (“Golar” or the “Company”) announces that it has recently re-sold $30.5 million notional value of its senior unsecured bonds maturing 20 October 2025 (ISIN NO0011123432) which were previously held in treasury. Following the sale, Golar maintains $130.6 million notional value of unsecured bonds in treasury. The Company also provides an update on its previously announced share buyback program with total approved amount of up to $150.0 million. Since 30 September 2023, the company has bought back ...
- Jørgen Lian
Golar LNG (Buy, TP: USD32.00) - Still in FLNG pole position
Although Golar LNG’s core business has suffered a 5-year dearth of fruitful FLNG project announcements, we believe it remains in pole position, offering a fast-track and flexible LNG production solution. With the project pipeline progressing, we expect Golar LNG to secure additional business in the coming quarters, which has yet to be priced in. We reiterate our BUY but have trimmed our target price to USD32 (33).
Key information relating to the cash dividend to be paid by Golar LNG ...
Key information relating to the cash dividend to be paid by Golar LNG Limited Reference is made to the third quarter 2023 report released on November 21, 2023. Golar LNG Limited (“Golar”), NASDAQ ticker: GLNG, has declared a total dividend of $0.25 per share to be paid on or around December 11, 2023. The record date will be December 1, 2023. Due to the implementation of the Central Securities Depository Regulation (“CSDR”), please note the information below on the payment date for the small number of Golar shares registered in Norway’s central securities depository (“VPS”): Dividend amoun...
Interim results for the period ended September 30, 2023
Interim results for the period ended September 30, 2023 Highlights and subsequent events Golar LNG Limited (“Golar” or “the Company”) reports Q3 2023 Net income of $114 million and Adjusted EBITDA1 of $75 million, inclusive of $39 million of non-cash items1.Total Golar Cash1 of $841 million, inclusive of $114 million of restricted cash.FLNG Hilli achieved operating milestone as world's first FLNG to offload 100 LNG cargoes. FLNG Gimi sailed from Singapore to start its 20-year contract for BP offshore Mauritania and Senegal.Finalized the sale of 1977 built LNG carrier Gandria.Continuing de...
FLNG Gimi delivered from Seatrium Shipyard and sailing for GTA
FLNG Gimi delivered from Seatrium Shipyard and sailing for GTA Golar LNG Limited (“Golar”) is pleased to announce that the FLNG Gimi departed Singapore’s Seatrium Shipyard today, November 19, 2023. FLNG Gimi is now sailing under its own propulsion, supported by an escort tug, toward BP’s purpose-built Greater Tortue Ahmeyim (“GTA”) hub offshore Mauritania and Senegal. The voyage is expected to take around 60 days, including refuelling stops in Mauritius prior to rounding the Cape of Good Hope and in Namibia prior to its arrival. Upon arrival, FLNG Gimi will notify BP that it is ready to be ...
- Jørgen Lian
Golar LNG Minor model adjustments
We have updated our estimates to reflect recent movements in the TTF and Brent forward curves. We are 13% above Bloomberg consensus Q3e EBITDA (the results are due prior to market open on 21 November). Our main focus remains on Golar LNG’s outlook for new projects, which we continue to believe will be the key share-price catalyst. We do not consider these changes to be material, and we have not changed our BUY recommendation. We have lowered our target price to USD33 (35).
FLNG Hilli offloads 100th LNG cargo
FLNG Hilli offloads 100th LNG cargo Golar LNG Limited is pleased to announce that FLNG Hilli Episeyo (“Hilli”) successfully offloaded its 100th LNG cargo on Saturday October 14th. As the world’s first FLNG conversion that also introduced Cameroon as the world’s 20th LNG exporting nation in 2018, Hilli has maintained market leading commercial uptime since her contract start-up. The 100th cargo was loaded on to MV Energy Integrity. Golar CEO Karl-Fredrik Staubo commented: “The unrivalled track record of first-class operations for a pioneering vessel is a significant achievement, and a testim...
Golar LNG Limited – Q3 2023 results presentation
Golar LNG Limited – Q3 2023 results presentation Golar LNG's 3rd Quarter 2023 results will be released before the NASDAQ opens on Tuesday, November 21, 2023. In connection with this a webcast presentation will be held at 1:00 P.M (London Time) on Tuesday November 21, 2023. 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 acc...
- Dave Nicoski
- Ross LaDuke
WU WESTERN UNION COMPANY
UNH UNITEDHEALTH GROUP INCORPORATED
TWI TITAN INTERNATIONAL INC.
PXD PIONEER NATURAL RESOURCES COMPANY
MRO MARATHON OIL CORPORATION
HMN HORACE MANN EDUCATORS CORPORATION
GPS GAP INC.
EIG EMPLOYERS HOLDINGS INC.
CNO CNO FINANCIAL GROUP INC.
CNC CENTENE CORPORATION
ASC ARDMORE SHIPPING
PRU PRUDENTIAL FINANCIAL INC.
G2O AL SHAHEER
GOGLO GOLAR LNG LIMITED
MLHR GOLDEN OCEAN GROUP LTD
PRA HERMAN MILLER INC.
THG PROASSURANCE CORPORATION
ABBV HANOVER INSURANCE GROUP INC.
ACMR ABBVIE INC.
INVA ACM RESEARCH
CVXp INNOVIVA INC.
ALCO CEMATRIX
CI ALICO INC.
GDYN CIGNA CORPORATION
EP GRID DYNAMICS HOLDINGS
CPE INC.
LRMR EMPIRE METALS
SWBI CALLON PETROLEUM
ALHC LARIMAR THERAPEUTICS INC
RIVN SMITH & WESSON BRANDS INC.
6TU ALIGNMENT HEALTHCARE INC
PHN RIVIAN AUTOMOTIVE INC
ENCORE ENERGY CORP.
HANOI BATTERY JSC
Golar FLNG Gimi Gastech event and FLNG tour
Golar FLNG Gimi Gastech event and FLNG tour Golar LNG Limited (“Golar” or “the Company”) announces today that it will be hosting a presentation and FLNG Gimi vessel tour at Singapore’s Seatrium Benoi Yard on September 6, 2023 coinciding with Gastech 2023 and ahead of FLNG Gimi’s expected yard departure. Shareholders, analysts and other interested stakeholders are invited to join senior management in Singapore for this unique opportunity to learn more about Golar’s impressive second FLNG vessel ahead of her departure for the Greater Tortue Ahmeyim project. Due to the nature of the event, s...
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