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Golar LNG Reports Strong Q2 Growth and Strategic Advances

Golar LNG Reports Strong Q2 Growth and Strategic Advances

Golar LNG (GLNG) has released an update.

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Golar LNG has achieved significant milestones, including a 20-year FLNG deployment in Argentina and a commercial reset arrangement with bp for the FLNG Gimi, which is expected to enhance liquidity by $0.5 billion. The company reported a Q2 net income of $26 million and an impressive Adjusted EBITDA backlog of around $11 billion. Additionally, they have declared a quarterly dividend of $0.25 per share, while also advancing the development of their MKII 3.5mtpa FLNG with strong client interest in further FLNG projects.

For further insights into GLNG stock, check out TipRanks’ Stock Analysis page.

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