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Golar LNG
(NASDAQ:GLNG)
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Rating:67Neutral
Price Target:
$57.00
▲(9.53% Upside)
Action:Reiterated
Date:08/18/26
The score is held back primarily by weak cash-flow quality (negative free cash flow) and elevated leverage, despite strong technical momentum. The latest earnings call was a clear positive on backlog, capacity growth and liquidity, but high CapEx and execution/funding risks remain. Valuation is also a headwind given the high P/E and only modest dividend yield.
Positive Factors
Contracted Backlog and FLNG Capacity Growth
The large EBITDA backlog provides multi-year revenue visibility, while the fourth FLNG expands Golar’s contracted infrastructure platform. This supports durable growth in liquefaction capacity and reinforces its position in floating LNG services.
Negative Factors
Elevated Leverage
High leverage reduces balance-sheet flexibility and increases sensitivity to project delays, refinancing conditions and operating volatility. It may also constrain Golar’s ability to fund additional FLNG growth without asset sales, partner capital or new financing.
Read all positive and negative factors
Positive Factors
Negative Factors
Contracted Backlog and FLNG Capacity Growth
The large EBITDA backlog provides multi-year revenue visibility, while the fourth FLNG expands Golar’s contracted infrastructure platform. This supports durable growth in liquefaction capacity and reinforces its position in floating LNG services.
Read all positive factors
Golar LNG (GLNG) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$5.29B
Dividend Yield1.95%
Average Volume (3M)1.16M
Price to Earnings (P/E)32.0
Beta (1Y)1.04
Revenue Growth94.64%
EPS GrowthN/A
CountryUS
Employees500
SectorEnergy
Sector Strength52
IndustryOil & Gas Midstream
Share Statistics
EPS (TTM)1.60
Shares Outstanding101,589,270
10 Day Avg. Volume1,254,242
30 Day Avg. Volume1,160,917
Financial Highlights & Ratios
PEG Ratio1.75
Price to Book (P/B)2.05
Price to Sales (P/S)9.58
P/FCF Ratio-8.88
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$69.00Price Target Upside32.59% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)1.11
Revenue Forecast (FY)$429.65M
Golar LNG Business Overview & Revenue Model
Company Description
Golar LNG Limited specializes in providing marine-based infrastructure for the liquefaction and regasification of liquefied natural gas (LNG). The company's core business encompasses the design, construction, ownership, and operation of these spec...
How the Company Makes Money
Golar LNG primarily makes money by contracting its LNG infrastructure assets—especially FLNG units—under long-term commercial agreements that generate recurring cash flows. Key revenue streams typically include: (1) FLNG vessel-based liquefaction ...
Golar LNG Earnings Call Summary
Earnings Call Date:Aug 13, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 11, 2026
Earnings Call Sentiment Positive
The call presents a strongly positive operational and strategic outlook: Golar announced a fourth FLNG order that materially increases controlled capacity (+41%), reported solid Q2 financials (EBITDA +20% QoQ), and highlighted significant commodity upside and a $17 billion contracted EBITDA backlog. Key execution highlights include Hilli's 100% economic uptime, Gimi producing ~15% above contract, and Esperanza 74% complete and on track. Risks include elevated CapEx (≈+10% vs prior unit) and pronounced long-lead equipment and shipyard constraints (some long-lead cost inflation 40%–60%), multi-year delivery timelines (~38–40 months), and ongoing funding/timing dependencies tied to asset-level financing and charter awards. Overall, positives (growth orders, backlog, robust operations, liquidity measures and commodity upside) outweigh the challenges (inflation, supply-chain and timing uncertainties).Positive Updates
Fourth FLNG Order — Material Capacity Expansion
Signed firm order for a fourth Mark II FLNG to be delivered in 2029; increases Golar-controlled liquefaction capacity by 41% (from 8.6 to >12.0 Mtpa) and is positioned as the world's earliest available liquefaction capacity (1–2 years ahead of alternatives). Order includes an option for an incremental Mark II and an LOI with Seatrium for further growth.
Negative Updates
CapEx Inflation and Higher Unit Cost
CapEx for FLNG #4 budgeted at ~$2.45 billion versus ~$2.2 billion for Esperanza — an approximate 10% increase driven by inflationary pressure, steel/currency movements and higher prices for long-lead equipment.
Read all updates
Q2-2026 Updates
Positive
Negative
Fourth FLNG Order — Material Capacity Expansion
Signed firm order for a fourth Mark II FLNG to be delivered in 2029; increases Golar-controlled liquefaction capacity by 41% (from 8.6 to >12.0 Mtpa) and is positioned as the world's earliest available liquefaction capacity (1–2 years ahead of alternatives). Order includes an option for an incremental Mark II and an LOI with Seatrium for further growth.
Read all positive updates
Company Guidance
Management guided that Golar enters this growth phase with a $17.0 billion EBITDA backlog (pre‑commodity and inflation), liquidity of ~ $1.5 billion including a $600 million undrawn RCF (cash ≈ $900m, net interest‑bearing debt ≈ $1.8bn), Q2 revenue $130m and EBITDA $127m (up ~20% QoQ) with net income $56m (YTD $158m) and a $0.25/share quarterly dividend; operationally Esperanza is ~74% complete (sail‑away YE‑2027, ops H2‑2028) with $1.3bn of $2.2bn spent, the firm‑ordered #4 has a CapEx budget ≈ $2.45bn and delivery within 2029, which raises controlled liquefaction capacity ~41% from 8.6 to ~12.1 Mtpa and, if chartered on Esperanza‑like terms, could boost contracted annual EBITDA from an expected run‑rate of ~ $800m by 2028 to > $1.2bn by 2030 (≈+50%); commodity exposure is significant (Hilli Q2 commodity earnings $37m vs $10m in Q1; Hilli generated > $650m commodity earnings over 8 years; Golar receives 25% of FOB above $8/MMBtu and every $1/MMBtu above $8 can add ~ $100m p.a.), implying EBITDA sensitivities of ≈ $1.2bn at $8/MMBtu, $1.4bn at $10, $1.9bn at $15 and up toward ~$4bn at 2022 prices; other relevant metrics: Gimi produced ~15% above contract (41 cargoes), Hilli delivered 156 cargoes with 100% economic uptime, Hilli Argentina contract expected to generate ~$285m annual EBITDA, Hilli redeploy/refurb CapEx ≈ $350m, and optimizing asset financing could free ≈ $2.3bn incremental liquidity to fund further FLNG growth.Golar LNG Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
58
Neutral
Cash Flow
41
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 523.38M | 393.52M | 260.37M | 298.43M | 267.74M | 260.27M |
| Gross Profit | 288.36M | 184.37M | 85.26M | 154.80M | 140.78M | 139.88M |
| EBITDA | 351.70M | 199.06M | 146.96M | 53.21M | 1.08B | 29.54M |
| Net Income | 163.68M | 65.68M | 50.84M | -46.82M | 674.60M | -161.09M |
Balance Sheet | ||||||
| Total Assets | 5.34B | 5.33B | 4.37B | 4.08B | 4.28B | 4.95B |
| Cash, Cash Equivalents and Short-Term Investments | 870.51M | 1.18B | 566.38M | 679.23M | 1.10B | 716.10M |
| Total Debt | 2.68B | 2.76B | 1.46B | 1.22B | 1.19B | 1.63B |
| Total Liabilities | 3.15B | 3.26B | 2.00B | 1.48B | 1.38B | 2.77B |
| Stockholders Equity | 1.94B | 1.84B | 2.01B | 2.07B | 2.50B | 1.73B |
Cash Flow | ||||||
| Free Cash Flow | -272.80M | -424.70M | -120.31M | -189.96M | 31.46M | 24.85M |
| Operating Cash Flow | 393.95M | 428.67M | 318.24M | 135.25M | 298.88M | 238.33M |
| Investing Cash Flow | -779.26M | -813.20M | -416.98M | -131.71M | 1.07B | -74.35M |
| Financing Cash Flow | 397.86M | 883.36M | 43.85M | -244.95M | -691.64M | -51.61M |
Golar LNG Technical Analysis
Positive
52.04
Price Trends
50.12
Positive
51.52
Negative
46.39
Positive
Market Momentum
0.53
Negative
53.15
Neutral
18.07
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GLNG, the sentiment is Positive. The current price of 52.04 is above the 20-day moving average (MA) of 50.77, above the 50-day MA of 50.12, and above the 200-day MA of 46.39, indicating a bullish trend. The MACD of 0.53 indicates Negative momentum. The RSI at 53.15 is Neutral, neither overbought nor oversold. The STOCH value of 18.07 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GLNG.
Golar LNG Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $32.89B | 11.46 | 103.64% | 4.98% | 15.43% | 34.31% | |
74 Outperform | $1.70B | 16.01 | 14.38% | 9.72% | 1.30% | 3.49% | |
68 Neutral | $57.58B | 21.04 | 47.41% | 0.80% | 21.65% | -21.45% | |
67 Neutral | $5.29B | 31.99 | 8.62% | 2.06% | 94.64% | ― | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
61 Neutral | $4.50B | 26.31 | 6.94% | 0.85% | 48.97% | 3.43% | |
40 Underperform | $81.92M | -0.04 | -1737.94% | ― | -37.46% | -77.39% |
* Energy Sector Average
GLNG
Golar LNG
51.19
7.41
16.93%
LNG
Cheniere Energy
284.08
44.83
18.74%
CQP
Cheniere Energy Partners
68.54
17.06
33.15%
NFE
New Fortress Energy
0.29
-2.31
-88.88%
FLNG
FLEX LNG
30.42
6.07
24.91%
EE
Excelerate Energy, Inc. Class A
39.20
15.00
61.98%
Golar LNG Corporate Events
Golar LNG Greenlights Fourth FLNG as Q2 2026 Earnings Surge
Aug 13, 2026
Golar LNG reported strong interim results for the quarter ended June 30, 2026, with net income attributable to the company rising to $38 million from $15.6 million a year earlier and total operating revenues up 72% to $130.5 million. Adjusted EBIT...
Golar LNG Sets $0.25 Dividend and Adjusts Norway VPS Payment Dates
Aug 13, 2026
On August 13, 2026, Golar LNG Limited declared a cash dividend of $0.25 per share, tied to its second-quarter 2026 results, with shareholders of record on August 24 eligible for payment on September 2. The ex-date aligns with the record date under...
Golar LNG Orders $2.45 Billion Fourth FLNG Unit for 2029 Delivery
Aug 13, 2026
On August 13, 2026, Golar LNG announced it has signed an Engineering, Procurement and Construction agreement with Yantai CIMC Raffles Offshore for its fourth FLNG unit and second MKII design vessel, with 3.5 million tons per annum liquefaction cap...
Golar LNG Secures $600 Million Revolving Credit Facility Backed by MKII FLNG
Aug 3, 2026
On August 3, 2026, Golar LNG Limited announced the closing of a new $600 million senior secured revolving credit facility, bolstering its liquidity and financial flexibility. The facility is secured by Golar’s investment in the MKII FLNG uni...
Golar LNG Schedules Q2 2026 Results Release and Investor Webcast for August 13
Jun 29, 2026
Golar LNG announced on June 29, 2026, that it will publish its second-quarter 2026 financial results before the U.S. market opens on Thursday, August 13, 2026. The company will host a webcast and conference call at 08:00 a.m. Eastern Time (1:00 p....
Golar LNG files Q1 2026 results and risk update with U.S. regulator
Jun 18, 2026
On June 18, 2026, Golar LNG filed a Form 6-K with the U.S. Securities and Exchange Commission, furnishing its overview, operating and financial review, and unaudited condensed consolidated financial statements for the quarter ended March 31, 2026....
Golar LNG Posts Strong Q1 2026 Results, Targets Fourth FLNG Order and Launches Strategic Review
May 20, 2026
Golar LNG reported interim results for the quarter ended March 31, 2026, showing a sharp improvement in profitability and scale versus a year earlier, with net income attributable to the company rising to $84 million, total operating revenues more...
Golar LNG Declares $0.25 Per Share Dividend for Q1 2026
May 20, 2026
On May 20, 2026, Golar LNG disclosed that its board has approved a cash dividend of $0.25 per share following the release of its first-quarter 2026 report, reinforcing the company’s practice of returning capital to shareholders. The dividend...
Golar LNG Confirms Board, Auditor and 2026 Director Fees at AGM
May 19, 2026
Golar LNG Limited held its 2026 Annual General Meeting in Hamilton, Bermuda on May 19, 2026, where shareholders reviewed the audited consolidated financial statements for the year ended December 31, 2025. The meeting also confirmed the companyR...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.