Golar LNG Ltd. reported second-quarter earnings showing earnings before interest, taxes, depreciation and amortisation of $49 million and declared a quarterly dividend of 25 cents per share. The liquefied natural gas shipowner said it is pressing ahead with growth in floating LNG production, asserting that its proposed fourth FLNG vessel is likely to be the only open unit available for deployment during the rest of the decade. Shares in Golar rose roughly 2% after the results as the company again highlighted what it says is a disconnect between its market valuation and the earnings potential of its expanding FLNG fleet.
$GLNG +2% post Q2. Avoiding its post earnings curse today https://t.co/HOObmpSESt
$GLNG CC once again addresses valuation discrepancies: https://t.co/MzQekhonU8
$GLNG Q2 Provides an update on its FLNG growth prospects EBITDA $49M Quarterly 25 cent dividend https://t.co/K52oKzrcbq