Golar LNG Limited (GLNG) Bundle
A Brief History of Golar LNG Limited (GLNG)
Company Overview
Golar LNG Limited (GLNG) is a Bermuda-based shipping and maritime services company specializing in liquefied natural gas (LNG) transportation and floating LNG technology.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Market Capitalization | $1.2 billion |
| Revenue | $486.7 million |
| Net Income | $87.3 million |
| Total Assets | $2.6 billion |
Fleet Composition
- Total LNG Carriers: 17
- Floating LNG Vessels: 2
- Average Fleet Age: 9.5 years
Operational Regions
Golar LNG operates primarily in:
- West Africa
- Caribbean
- South America
- Middle East
Stock Performance
| Stock Metric | 2024 Value |
|---|---|
| NYSE Ticker | GLNG |
| Current Stock Price | $22.45 |
| 52-Week High | $28.75 |
| 52-Week Low | $17.63 |
Key Partnerships
- Petrobras
- Shell
- Golar Partners LP
A Who Owns Golar LNG Limited (GLNG)
Major Shareholders
| Shareholder | Ownership Percentage |
|---|---|
| BW Group | 36.7% |
| Hemen Holding Ltd | 23.5% |
| BlackRock Inc. | 5.2% |
| Vanguard Group Inc. | 4.8% |
Institutional Ownership
As of Q4 2023, institutional investors own approximately 68.3% of Golar LNG Limited shares.
Institutional Investor Breakdown
- Dimensional Fund Advisors LP: 3.6%
- State Street Corporation: 3.1%
- Renaissance Technologies LLC: 2.7%
- Morgan Stanley: 2.4%
Company Structure
Golar LNG Limited is registered in Bermuda and publicly traded on NASDAQ under ticker GLNG.
Merger and Ownership Details
In December 2021, Golar LNG Limited merged with Hygo Energy Transition Ltd, creating a combined entity with $2.5 billion in total assets.
Golar LNG Limited (GLNG) Mission Statement
Company Overview
Golar LNG Limited (GLNG) is registered in Bermuda, with market capitalization of $1.27 billion as of January 2024. The company trades on NASDAQ with stock price of $22.41.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $456.7 million |
| Net Income | $87.3 million |
| Operating Cash Flow | $212.5 million |
Core Business Strategy
- Floating LNG (FLNG) vessel operations
- LNG transportation services
- Maritime energy infrastructure development
Operational Assets
Fleet Composition:
- 7 floating LNG vessels
- 3 LNG carriers
- 2 FLNG conversion projects
Geographic Presence
Active operations in:
- United States
- Brazil
- West Africa
- Mediterranean region
How Golar LNG Limited (GLNG) Works
Company Overview
Golar LNG Limited is registered in Bermuda and primarily operates in the liquefied natural gas (LNG) shipping and floating LNG (FLNG) sector. As of 2024, the company maintains a fleet of LNG carriers and FLNG vessels.
Fleet Composition
| Vessel Type | Number of Vessels | Capacity (Cubic Meters) |
|---|---|---|
| LNG Carriers | 8 | 266,000 |
| FLNG Vessels | 2 | 2.4 million tons per annum |
Financial Performance
For the fiscal year 2023, Golar LNG Limited reported:
- Total Revenue: $385.6 million
- Net Income: $42.3 million
- EBITDA: $215.4 million
Operational Regions
Golar LNG operates primarily in:
- West Africa
- Caribbean
- South America
Key Partnerships
| Partner | Type of Collaboration |
|---|---|
| Petrobras | LNG Transportation |
| Ophir Energy | FLNG Project Development |
Market Capitalization
As of January 2024: $1.2 billion
Stock Performance
| Stock Symbol | Price (January 2024) | 52-Week Range |
|---|---|---|
| NASDAQ: GLNG | $22.45 | $16.50 - $28.75 |
How Golar LNG Limited (GLNG) Makes Money
Revenue Streams
Golar LNG Limited generates revenue through multiple segments in the liquefied natural gas (LNG) industry:
- LNG Carrier Operations
- Floating Storage and Regasification Unit (FSRU) Leasing
- LNG Trading
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $538.2 million |
| Net Income | $87.6 million |
| EBITDA | $341.5 million |
Fleet Composition
| Asset Type | Number of Units |
|---|---|
| LNG Carriers | 8 |
| FSRUs | 4 |
Charter Rates
Average Daily Charter Rates:
- LNG Carriers: $75,000 per day
- FSRUs: $130,000 per day
Geographic Markets
Primary operational regions:
- Latin America
- Middle East
- Caribbean
Long-Term Contracts
Contract Duration: 10-15 years with major energy companies
| Client | Contract Value | Duration |
|---|---|---|
| Petrobras | $1.2 billion | 12 years |
| Shell | $850 million | 10 years |
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