Source: MarketersMedia

Press Release: Golar LNG : Earnings Review and Free Research Report: Golar LNG' Revenues Improved Sequentially; Beat Estimates

LONDON, UK / ACCESSWIRE / September 21, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Golar LNG Ltd (NASDAQ: GLNG), which can be viewed by registering at, following the Company's announcement of its financial results on August 30, 2017, for the second quarter fiscal 2017 (Q2 FY17). The Hamilton, Bermuda-based Company's total operating revenue rose sequentially during the reported quarter. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at: Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on GLNG. With the links below you can directly download the report of your stock of interest free of charge at: ReviewedIn Q2 FY17, Golar LNG total operating revenue improved to $28.41 million from $25.11 million recorded at the end of Q1 FY17. Total operating revenue numbers for Q2 FY17 beat market consensus estimates of $17 million.The natural gas shipping carrier operator reported net loss attributable to Golar of $73.81 million in Q2 FY17 compared to net loss attributable to Golar $65.84 million in Q1 FY17. The Company posted comprehensive loss attributable to stockholders of Golar of $73.84 million in Q2 FY17 compared to comprehensive loss attributable to stockholders of $64.18 million in Q1 FY17.Operating MetricsIn the reported quarter, total operating expenses fell to $52.38 million from $66.50 million in Q1 FY17. During the reported period, vessel operating expenses were down to $12.10 million from $12.94 million in Q1 FY17. Furthermore, the Company's operating loss narrowed to $23.97 million during Q2 FY17 compared to the $41.39 million reported in the prior quarter.Golar LNG reported net financial expenses of $40.95 million in Q2 FY17 compared to a net financial expense of $3.78 million in Q1 FY17. Meanwhile, the Company's EBITDA loss narrowed to $6.60 million in Q2 FY17 from EBITDA loss of $16.20 million in the last quarter.Revenue SegmentationGolar LNG's Time charter revenues revenue was $19.56 million for Q2 FY17, rising from the $12.73 million reported in Q1 FY17. The Company's Time charter revenues with collaborative arrangement revenue came in at $4.40 million for Q2 FY17 compared to $7.34 million in Q1 FY17. Furthermore, Vessel and other management fees revenue stood at $4.45 million for the reported quarter versus $5.05 million in the previous quarter.Cash Matters and Balance SheetDuring the three months ended June 30, 2017, Golar LNG's net cash used by the operating activities was $16.48 million compared to net cash used in operating activities of $14.69 million in Q1 FY17. As on June 30, 2017, the Company had cash and cash equivalents balance of $343.23 million compared to $224.19 million as on December 31, 2016. Furthermore, the Company reported long-term debt amounting to $1.40 billion as on June 30, 2017, versus $1.53 billion as on December 31, 2016.DividendIn a separate press release on August 30, 2017, Golar LNG's Board of Directors announced a dividend of $0.05 per share. The dividend will be paid on October 04, 2017, to all shareholders on record as of September 14, 2017.Stock PerformanceOn Wednesday, September 20, 2017, the stock closed the trading session at $21.15, advancing 3.22% from its previous closing price of $20.49. A total volume of 1.28 million shares have exchanged hands, which was higher than the 3-month average volume of 981.38 thousand shares. Golar LNG's stock price advanced 3.68% in the last one month. The stock has a dividend yield of 0.95%. The stock currently has a market cap of $2.10 billion.Pro-Trader Daily:Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.PRESS RELEASE PROCEDURES:The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email [email protected] Rohit Tuli, a CFA® charter-holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.NO WARRANTYPRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.NOT AN OFFERINGThis document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:Email: [email protected] number: (917) 341.4653Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.SOURCE: Pro-Trader DailyReleaseID: 475993

Read full article »

Top Competitors or Alternatives

Missing a competitor? Contribute!

Annual Revenue
Iain Ross's photo - CEO of Golar LNG


Iain Ross

CEO Approval Rating


Golar LNG engages in the transportation, regasification, liquefaction and trading of liquefied natural gas. Read more