GLNG

MKT CAP:$5B

Golar LNG Limited

Market Cap

$5B

Energy·Oil & Gas Midstream·🇧🇲 Bermuda·NASDAQ

Energy·Oil & Gas Midstream·🇧🇲·NASDAQ

Stock Price

$52.63+$14.68 (+38.67%)

Apr 24, 2026

Company Details

Golar LNG Limited designs, builds, owns, and operates marine infrastructure for the liquefaction and regasification of LNG. It operates through Shipping and FLNG segments. The company engages in the operation and chartering of LNG carriers,...

CEO

Karl Fredrik Staubo

IPO Date

Jul 15, 2003

Website

www.golarlng.com

Key Metrics TTM

Revenue

$394M

+41.8% YoY

Net Income

$66M

EPS (Diluted)

$0.64

Free Cash Flow

-$430M

Revenue / Share

$3.88

Gross Margin

46.9%

Operating Margin

34.4%

Net Margin

16.7%

FCF Margin

-109.2%

P/S

13.6x

P/E

81.3x

Earnings Reports

FY 2025

Dec 30, 2025

$394M+51.1%EPS $0.65

Q4 2025

Feb 25, 2026

$133M+101.5%EPS $0.10

Q3 2025

Nov 13, 2025

$123MEPS $0.31

Q2 2025

Aug 15, 2025

$76M+17.0%EPS $0.15

Q1 2025

Jun 6, 2025

$63MEPS $0.08

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 20	$95M	$40M	$30M
Q3 23	$67M	$30M	$20M
Q4 23	$80M	$43M	$35M
Q2 24	$65M	$18M	$9M
Q4 24	$66M	$24M	$12M
Q1 25	$63M	$21M	$8M
Q2 25	$76M	$31M	$19M
Q3 25	$123M	$63M	$48M
Q4 25	$133M	$68M	$60M

Valuation

Quarter	P/S	P/E
Q3 20	—	—
Q3 23	—	—
Q4 23	—	—
Q2 24	17.4x	83.8x
Q4 24	19.2x	60.1x
Q1 25	19.6x	1159.9x
Q2 25	19.9x	100.6x
Q3 25	16.4x	91.1x
Q4 25	13.6x	81.3x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 20	$43M	-$26M
Q3 23	$19M	-$25M
Q4 23	$26M	-$111M
Q2 24	$54M	$28M
Q4 24	$163M	-$43M
Q1 25	$101M	-$52M
Q2 25	$87M	-$201M
Q3 25	$149M	-$160M
Q4 25	$99M	-$17M

Capital Expenditures

Quarter	CapEx
Q3 20	$69M
Q3 23	$44M
Q4 23	$138M
Q2 24	$26M
Q4 24	$206M
Q1 25	$153M
Q2 25	$288M
Q3 25	$309M
Q4 25	$117M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 24	-30.7%	-16.0%
Q1 25	-7.1%	+13.4%
Q2 25	-5.0%	+26.6%
Q3 25	+89.4%	+33.0%
Q4 25	+101.5%	+33.5%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 20	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$0	0.0%
Q2 24	$0	0.0%
Q4 24	$2M	2.7%
Q1 25	$0	0.0%
Q2 25	$0	0.0%
Q3 25	$2M	1.9%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	R&D	SG&A
Q3 20	$1M	$8M
Q3 23	$2M	$8M
Q4 23	$677.0K	$7M
Q2 24	$4M	$6M
Q4 24	$5M	$8M
Q1 25	$3M	$10M
Q2 25	$6M	$6M
Q3 25	$7M	$8M
Q4 25	$3M	$5M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$209M	$794M	$1.0B
Q2 22	$529M	$492M	$1.0B
Q3 22	$498M	$543M	$1.0B
Q4 22	$879M	$225M	$1.1B
Q1 23	$889M	$0	$889M
Q2 23	$771M	$0	$771M
Q3 23	$727M	$0	$727M
Q4 23	$679M	$0	$679M
Q1 24	$566M	$0	$566M
Q2 24	$547M	$0	$547M
Q3 24	$732M	$0	$732M
Q4 24	$566M	$0	$566M
Q1 25	$521M	$0	$521M
Q2 25	$893M	$0	$893M
Q3 25	$650M	$0	$650M
Q4 25	$1.2B	$0	$1.2B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 20	98M	—	—
Q3 23	106M	+8.3%	—
Q4 23	105M	-1.2%	—
Q2 24	105M	-0.0%	—
Q4 24	105M	-0.0%	+6.9%
Q1 25	105M	+0.6%	-0.7%
Q2 25	102M	-2.7%	-2.2%
Q3 25	102M	+0.1%	-2.1%
Q4 25	101M	-1.0%	-3.0%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 20	$315.1K	302
Q3 23	$258.7K	260
Q4 23	$398.4K	200
Q2 24	$323.4K	200
Q4 24	$329.6K	200
Q1 25	$312.5K	200
Q2 25	$378.4K	200
Q3 25	$612.7K	200
Q4 25	$664.1K	200

Revenue / Employee