Golar LNG Q4 Earnings & Revenues Miss Estimates, Decrease Y/Y

Core Insights - Golar LNG Limited (GLNG) reported disappointing fourth-quarter 2024 results, with earnings of 30 cents per share missing the Zacks Consensus Estimate of 48 cents and declining year over year [1] - Revenues of $65.5 million also fell short of the Zacks Consensus Estimate of$69 million, representing a 17.8% year-over-year decline [2] Financial Performance - Adjusted EBITDA for GLNG was $59.2 million, down 48$566.38 million, a decrease from $732.06 million at the end of the previous quarter [4] - Contractual debt increased by 24$1.51 billion at the end of the reported quarter [4] Strategic Transactions - In December 2024, GLNG completed the acquisition of remaining third-party minority ownership interests in FLNG Hilli for $60 million, achieving 100$39 million, completed in February 2025 [4] Dividend Information - The board of directors approved a fourth-quarter 2024 dividend of 25 cents per share, payable on or around March 18, 2025 [5] Market Performance - GLNG holds a Zacks Rank 1 (Strong Buy) and has seen its shares gain 89.2% over the past year, contrasting with a 22.9% loss in the industry [6]