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Bermuda-based owner and operator of floating LNG liquefaction vessels (FLNG), converting stranded offshore gas into exportable LNG.
Bermuda-based owner and operator of floating LNG liquefaction vessels (FLNG), converting stranded offshore gas into exportable LNG.
Earns from long-term charters on which customers pay a daily fee, with some contracts adding upside tied to commodity prices, so a few contracts carry the business. Gimi serves a BP-led project off Mauritania and Senegal, and Hilli serves Cameroon. New vessels are converted against signed contracts.
Moat: narrow (process know-how, installed base). Pioneer in FLNG conversion technology with few shipyards/operators able to match its track record.
Headquarters: Hamilton, Bermuda · Employees: 500
Size Golar LNG (GLNG) is a United States Energy company (Oil & Gas Pipelines) with a market value of $4.40B, the 1282nd largest of 3,117 United States companies the cockpit tracks. Shares closed at $43.07 on 6 Nov 2026.
Performance Over six months the shares fell 22.7%, against -5.4% for the median peer and -1.1% for the United States market (cap-weighted) — lowest of 14 in its peer set.
Growth Revenue grew 94.6% over the last twelve months (peer median +9.5%); the operating margin is 45.5% (peer median 18.6%).
Valuation It trades at 12.3× enterprise value to sales against a peer median of 5.9× (most expensive of 14).
Capital Return on invested capital runs 1.6 points below its cost of capital (6.0% WACC).
Credit Golar LNG has 4 bonds outstanding ($1.80B), rated B by the agencies and trading like B at a weighted spread of 329 bp.
Short interest Short interest is 9.1% of the free float (15 Oct 2026).
Next results Next results expected around 18 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $523M | $394M | $260M | $298M | $268M |
| Revenue growth | — | +51% | -13% | +11% | — |
| Gross profit | $288M | $184M | $85.3M | $155M | $141M |
| EBITDA | $293M | $185M | $98.9M | $133M | $146M |
| Net income | $164M | $65.7M | $50.8M | -$46.8M | $675M |
| Free cash flow | -$280M | -$425M | -$127M | -$191M | -$53.3M |
| Capital expenditure | $679M | $854M | $440M | $325M | $267M |
| Total debt | $2.68B | $2.76B | $1.46B | $1.22B | $1.19B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Golar LNG GLNG | $4.40B | -23% | +95% | 46% | 12.3× | n/a |
| New Fortress Energy NFE | n/a | -88% | n/a | n/a | n/a | n/a |
| Excelerate Energy EE | $4.17B | +9% | +49% | 22% | 4.6× | 18.1% |
| Woodside Energy Group Ltd Sponsored ADR WDS | $43.3B | -2% | -5% | 26% | 4.2× | n/a |
| Cheniere Energy LNG | $56.8B | +16% | +28% | 31% | 3.6× | -8.6% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | GLNG | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -11.1% | -3.6% | 2nd lowest of 14 |
| 6-month return | -22.7% | -5.4% | lowest of 14 |
| Distance from 52-week high | -25.5% | -20.0% | 3rd lowest of 14 |
| Revenue growth (TTM) | +94.6% | +9.5% | highest of 14 |
| Operating margin | 45.5% | 18.6% | 4th highest of 14 |
| EV / Sales | 12.3× | 5.9× | most expensive of 14 |
| ROIC minus cost of capital | -1.6 pp | -1.3 pp | 6th lowest of 14 |
| EV / EBITDA | 22.0× | 15.6× | 2nd most expensive of 12 |
| Net debt / EBITDA | 6.2× | 3.4× | 5th most indebted of 14 |
| Bond spread | 329 bp | 110 bp | widest of 6 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Golar LNG GLNG | United States | $4.40B | -23% | +95% | 46% | 12.3× | n/a | n/a |
| Plains GP Holdings LP PAGP | United States | $5.10B | +11% | +9% | 3% | 0.5× | 2.6% | +13.4% |
| Delek Logistics Partners LP DKL | United States | $2.99B | +1% | +30% | 15% | 4.5× | 13.0% | +12.2% |
| South Bow SOBO.TO | Canada | $6.54B | -8% | -26% | 24% | 7.7× | 13.9% | -25.8% |
| Kinetik KNTK | United States | $7.92B | +3% | +10% | 9% | 6.5× | 33.0% | +63.6% |
| Rockpoint Gas Storage RGSI.TO | Canada | $2.26B | -16% | +15% | 75% | 7.7× | -3.8% | +21.7% |
| Antero Midstream AM | United States | $8.97B | -9% | +8% | 55% | 9.0× | 2.5% | +5.3% |
| NGL Energy Partners LP NGL | United States | $1.87B | -8% | -22% | 12% | 1.7× | 1.2% | -9.6% |
| Keyera KEY.TO | Canada | $10.6B | 0% | 0% | 11% | 3.2× | n/a | n/a |
| DT Midstream DTM | United States | $11.6B | -20% | +13% | 50% | 11.1× | 12.4% | +10.5% |
| Friedrich Vorwerk VH2.DE | Germany | $1.50B | -5% | +22% | 19% | 1.6× | -8.0% | +19.3% |
| Sinopec Kantons 0934.HK | Hong Kong | $1.31B | +3% | +10% | 27% | 11.5× | 7.7% | +1.8% |
| Western Midstream Partners, LP WES | United States | $16.5B | -8% | +18% | 39% | 5.9× | 3.2% | +8.6% |
| Plains All American Pipeline, L.P PAA | United States | $16.9B | +10% | +9% | 3% | 0.6× | 6.5% | +13.4% |
Golar LNG has 4 bonds outstanding with $1.80B face value. The agencies rate it B; its bonds trade like B. Weighted yield 7.91%, a spread of 329 bp over government bonds.