NASDAQ : GLNG
Golar LNG Limited — Financial statements
Energy · Oil & Gas Midstream · Bermuda
Last price 46.24 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 4.72B
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Financial statements
Golar LNG Limited (GLNG) reported revenue of 523.38M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 523.38M | 393.52M | 260.37M | 298.43M | 267.74M | 260.27M |
| Cost of Revenue | 189.88M | 179.12M | 133.92M | 132.46M | 83.26M | 67.56M |
| Gross Profit | 333.50M | 214.40M | 126.45M | 165.97M | 184.48M | 192.72M |
| Selling, General & Admin | 35.53M | 29.59M | 27.50M | 33.46M | 38.10M | 34.81M |
| Other Operating Expenses | -35.02M | 35.83M | -39.70M | 61.39M | -505.58M | -204.66M |
| Operating Expenses | 55.48M | 114.67M | 41.34M | 145.15M | -415.77M | -114.49M |
| Operating Income | 278.02M | 99.72M | 85.11M | 20.82M | 600.25M | 307.21M |
| Interest Expense | -69.05M | -44.06M | -5.09M | -8.89M | 45.17M | -11.58M |
| Interest & Investment Income | 39.49M | 34.58M | 37.35M | 55.88M | 16.99M | 5.72M |
| Earnings From Equity Investments | 823.00K | 8.93M | -7.50M | -2.52M | 19.04M | 1.08M |
| Currency Exchange Gain (Loss) | -1.22M | -1.72M | 205.00K | -941.00K | 1.60M | -384.00K |
| Other Non Operating Income (Expenses) | -30.46M | -592.00K | -6.37M | 1.71M | 2.36M | 2.64M |
| EBT Excluding Unusual Items | 217.61M | 96.86M | 103.71M | 66.06M | 685.41M | 304.68M |
| Merger & Restructuring Charges | -500.00K | |||||
| Gain (Loss) on Sale of Investments | -62.31M | 400.97M | -295.78M | |||
| Gain (Loss) on Sale of Assets | 29.98M | 29.98M | ||||
| Asset Writedown | -22.93M | -5.02M | -76.16M | |||
| Other Unusual Items | -14.75M | -9.95M | 4.85M | -71.74M | ||
| Pretax Income | 232.83M | 116.88M | 80.78M | -1.27M | 1.02B | -63.33M |
| Income Tax Expense | 6.34M | 4.31M | -18.00K | 1.87M | -438.00K | 1.44M |
| Earnings From Continuing Operations | 226.50M | 112.58M | 80.79M | -3.14M | 1.02B | -64.77M |
| Earnings From Discontinued Operations | 293.00K | -84.66M | 589.81M | |||
| Net Income to Company | 226.50M | 112.58M | 80.79M | -2.85M | 930.85M | 525.04M |
| Minority Interest in Earnings | -62.81M | -46.90M | -29.95M | -43.94M | -143.08M | -111.19M |
| Net Income | 163.68M | 65.68M | 50.84M | -46.79M | 787.77M | 413.85M |
| Net Income to Common | 163.68M | 65.68M | 50.84M | -46.79M | 787.77M | 413.85M |
| Shares Outstanding (Basic) | 101.58M | 103.31M | 104.20M | 106.62M | 107.86M | 109.64M |
| Shares Outstanding (Diluted) | 112.53M | 109.49M | 105.27M | 106.62M | 108.54M | 109.64M |
| EPS (Basic) | 1.61 | 0.64 | 0.49 | -0.44 | 7.30 | 3.77 |
| EPS (Diluted) | 1.45 | 0.60 | 0.48 | -0.44 | 7.26 | 3.77 |
| Free Cash Flow | -243.67M | -382.44M | -120.31M | -190.33M | -49.04M | 40.40M |
| Free Cash Flow Per Share | -2.17 | -3.49 | -1.14 | -1.78 | -0.45 | 0.37 |
| Dividend Per Share | 1.00 | 1.00 | 1.00 | 1.00 | ||
| Gross Margin | 63.72% | 54.48% | 48.56% | 55.61% | 68.90% | 74.04% |
| Operating Margin | 53.12% | 25.34% | 32.69% | 6.98% | 224.19% | 118.03% |
| Profit Margin | 31.27% | 16.69% | 19.53% | -15.68% | 294.23% | 159.01% |
| Free Cash Flow Margin | -46.56% | -97.19% | -46.21% | -63.78% | -18.32% | 15.52% |
| EBITDA | 332.99M | 148.98M | 138.64M | 71.11M | 651.96M | 362.57M |
| EBITDA Margin | 63.62% | 37.86% | 53.25% | 23.83% | 243.50% | 139.30% |
| D&A For EBITDA | 54.97M | 49.26M | 53.53M | 50.29M | 51.71M | 55.36M |
| EBIT | 278.02M | 99.72M | 85.11M | 20.82M | 600.25M | 307.21M |
| EBIT Margin | 53.12% | 25.34% | 32.69% | 6.98% | 224.19% | 118.03% |
| Effective Tax Rate | 2.72% | 3.69% | ||||
| Revenue as Reported | 523.38M | 393.52M | 260.37M | 298.43M | 267.74M | 260.27M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 870.47M | 1.15B | 566.38M | 679.23M | 878.84M | 231.85M |
| Short-Term Investments | 224.79M | 450.23M | ||||
| Trading Asset Securities | 8.22M | 12.99M | 1.75M | 5.16M | 1.92M | |
| Cash & Short-Term Investments | 878.69M | 1.16B | 568.13M | 684.38M | 1.11B | 682.07M |
| Accounts Receivable | 243.22M | 205.57M | 50.02M | 46.23M | 42.02M | 32.40M |
| Other Receivables | 2.21M | 3.35M | 33.65M | 3.93M | 3.62M | 2.56M |
| Receivables | 245.43M | 208.93M | 83.67M | 50.16M | 45.64M | 34.95M |
| Inventory | 2.42M | 792.00K | 2.08M | 1.99M | 700.00K | 536.00K |
| Prepaid Expenses | 5.04M | 8.68M | 2.94M | 2.29M | 2.76M | 2.69M |
| Restricted Cash | 33.00K | 24.70M | 75.58M | 18.11M | 21.69M | 34.02M |
| Other Current Assets | 3.87M | 6.19M | 7.47M | 58.63M | 82.17M | 171.31M |
| Total Current Assets | 1.14B | 1.41B | 739.87M | 815.56M | 1.26B | 925.60M |
| Property, Plant & Equipment | 2.34B | 2.17B | 3.35B | 2.65B | 2.29B | 2.15B |
| Long-Term Investments | 89.00M | 47.56M | 76.66M | 90.67M | 159.08M | 52.22M |
| Other Intangible Assets | 2.11M | 2.07M | 2.35M | |||
| Long-Term Accounts Receivable | 1.59B | 1.60B | 6.01M | 3.47M | ||
| Long-Term Deferred Charges | 106.45M | 46.78M | 8.78M | 189.02M | 27.10M | |
| Other Long-Term Assets | 74.83M | 47.02M | 186.30M | 340.84M | 536.67M | 1.82B |
| Total Assets | 5.34B | 5.33B | 4.37B | 4.08B | 4.28B | 4.95B |
| Accounts Payable | 39.83M | 123.61M | 198.91M | 7.45M | 8.98M | 4.93M |
| Accrued Expenses | 169.08M | 101.62M | 66.07M | 144.30M | 32.35M | 31.81M |
| Short-Term Debt | 194.50M | |||||
| Current Portion of Long-Term Debt | 251.50M | 106.70M | 521.28M | 342.57M | 344.78M | 720.47M |
| Current Portion of Leases | 2.07M | 2.03M | 1.59M | 1.46M | 1.33M | 3.01M |
| Current Income Taxes Payable | 511.00K | 485.00K | 1.06M | |||
| Current Unearned Revenue | 831.00K | 9.09M | 18.14M | 17.00M | 23.04M | 43.83M |
| Other Current Liabilities | 21.61M | 17.80M | 35.53M | 32.48M | 3.45M | 502.12M |
| Total Current Liabilities | 484.92M | 555.34M | 841.52M | 545.78M | 414.41M | 1.31B |
| Long-Term Debt | 2.42B | 2.46B | 930.97M | 874.16M | 844.55M | 920.13M |
| Long-Term Leases | 3.65M | 4.65M | 5.12M | 5.88M | 3.59M | 7.14M |
| Long-Term Unearned Revenue | 8.75M | 25.45M | 85.74M | 48.74M | ||
| Pension & Post-Retirement Benefits | 19.79M | 20.39M | 21.21M | 23.47M | 24.27M | 31.36M |
| Other Long-Term Liabilities | 218.29M | 220.85M | 190.69M | 6.79M | 6.83M | 455.80M |
| Total Liabilities | 3.15B | 3.26B | 2.00B | 1.48B | 1.38B | 2.77B |
| Common Stock | 102.10M | 101.32M | 104.53M | 104.58M | 107.23M | 108.22M |
| Additional Paid-In Capital | 1.94B | 1.92B | 1.91B | 1.89B | 2.14B | 2.17B |
| Retained Earnings | -103.19M | -173.46M | 10.27M | 77.03M | 262.06M | -539.60M |
| Treasury Stock | -684.00K | |||||
| Comprehensive Income & Other | -268.00K | -1.94M | -5.74M | -5.07M | -5.81M | -10.83M |
| Total Common Equity | 1.94B | 1.84B | 2.01B | 2.07B | 2.50B | 1.73B |
| Minority Interest | 248.24M | 224.58M | 355.25M | 534.77M | 399.95M | 447.27M |
| Shareholders' Equity | 2.19B | 2.07B | 2.37B | 2.60B | 2.90B | 2.18B |
| Total Liabilities & Equity | 5.34B | 5.33B | 4.37B | 4.08B | 4.28B | 4.95B |
| Total Debt | 2.68B | 2.76B | 1.46B | 1.22B | 1.19B | 1.65B |
| Net Cash (Debt) | -1.80B | -1.60B | -890.84M | -539.69M | -88.69M | -968.67M |
| Net Cash Per Share | -16.02 | -14.62 | -8.46 | -5.06 | -0.82 | -8.83 |
| Filing Date Shares Outstanding | 102.10M | 101.59M | 104.62M | 104.57M | 107.23M | 107.99M |
| Total Common Shares Outstanding | 102.10M | 101.30M | 104.53M | 104.58M | 107.23M | 108.22M |
| Working Capital | 650.56M | 858.16M | -101.66M | 269.78M | 844.09M | -381.62M |
| Book Value Per Share | 19.03 | 18.19 | 19.27 | 19.77 | 23.32 | 15.99 |
| Tangible Book Value | 1.94B | 1.84B | 2.01B | 2.07B | 2.50B | 1.73B |
| Tangible Book Value Per Share | 19.01 | 18.17 | 19.25 | 19.77 | 23.32 | 15.99 |
| Machinery | 1.19B | 1.46B | 1.19B | 1.23B | 1.23B | |
| Construction In Progress | 1.23B | 2.26B | 1.56B | 1.15B | 877.84M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 163.68M | 65.68M | 50.84M | -46.79M | 787.77M | 413.85M |
| Depreciation & Amortization | 54.97M | 49.26M | 53.53M | 50.29M | 51.71M | 55.36M |
| Other Amortization | 9.87M | 7.11M | 3.05M | 1.82M | 3.56M | 1.77M |
| Loss (Gain) From Sale of Assets | 451.00K | 491.00K | ||||
| Asset Writedown & Restructuring Costs | 22.93M | 5.02M | 76.16M | |||
| Loss (Gain) From Sale of Investments | -10.50M | 11.16M | 5.97M | 77.89M | -473.24M | 268.76M |
| Loss (Gain) on Equity Investments | -823.00K | -8.93M | 7.50M | 2.52M | -19.04M | -1.08M |
| Stock-Based Compensation | 9.91M | 9.92M | 7.18M | 5.82M | 3.41M | 2.62M |
| Provision & Write-off of Bad Debts | -600.00K | 251.00K | ||||
| Other Operating Activities | 147.68M | 138.74M | 116.56M | 309.98M | -85.44M | -659.73M |
| Change in Accounts Receivable | 28.62M | 37.30M | 9.54M | 3.21M | -10.92M | -3.08M |
| Change in Accounts Payable | -12.85M | 4.39M | 3.59M | -18.00K | 3.08M | -4.65M |
| Change in Other Net Operating Assets | 32.76M | 155.60M | 37.55M | -275.63M | -58.01M | 46.55M |
| Operating Cash Flow | 422.71M | 470.93M | 318.24M | 134.88M | 218.38M | 253.88M |
| Capital Expenditures | -666.38M | -853.37M | -438.55M | -325.21M | -267.42M | -213.48M |
| Sale of Property, Plant & Equipment | 24.83M | 15.19M | ||||
| Divestitures | 21.02M | 45.21M | 80.02M | 39.27M | 25.40M | |
| Sale (Purchase) of Intangibles | -494.00K | -192.00K | -1.53M | |||
| Investment in Securities | -37.21M | 9.01M | -4.18M | 91.97M | 721.24M | -8.62M |
| Other Investing Activities | -72.42M | -14.49M | -17.93M | 6.32M | 574.63M | 122.35M |
| Investing Cash Flow | -776.51M | -813.20M | -416.98M | -131.71M | 1.07B | -74.35M |
| Long-Term Debt Issued | 2.27B | 371.14M | 156.04M | 276.64M | 411.87M | |
| Long-Term Debt Repaid | -944.96M | -136.86M | -125.92M | -719.92M | -289.15M | |
| Net Debt Issued (Repaid) | 737.76M | 1.33B | 234.29M | 30.12M | -443.28M | 122.72M |
| Issuance of Common Stock | 7.07M | 3.21M | 5.71M | 161.00K | ||
| Repurchase of Common Stock | -41.31M | -144.04M | -14.18M | -61.68M | -25.48M | -24.48M |
| Common Dividends Paid | -101.92M | -103.35M | -104.11M | -79.45M | -33.14M | |
| Other Financing Activities | -246.63M | -244.76M | -77.85M | -133.94M | -223.05M | -116.70M |
| Financing Cash Flow | 354.95M | 841.10M | 43.85M | -244.95M | -691.64M | -51.61M |
| Miscellaneous Cash Flow Adjustments | 369.00K | 80.50M | -15.55M | |||
| Net Cash Flow | 1.16M | 498.83M | -54.89M | -241.41M | 674.96M | 112.37M |
| Free Cash Flow | -243.67M | -382.44M | -120.31M | -190.33M | -49.04M | 40.40M |
| Free Cash Flow Margin | -46.56% | -97.19% | -46.21% | -63.78% | -18.32% | 15.52% |
| Free Cash Flow Per Share | -2.17 | -3.49 | -1.14 | -1.78 | -0.45 | 0.37 |
| Levered Free Cash Flow | -381.13M | -896.58M | -249.96M | -104.60M | -230.23M | 633.32M |
| Unlevered Free Cash Flow | -337.97M | -869.04M | -246.78M | -99.04M | -258.46M | 640.56M |
| Cash Interest Paid | 7.25M | 7.25M | 74.57M | 35.89M | ||
| Cash Income Tax Paid | 3.46M | 3.46M | 770.00K | 857.00K | 1.47M | 694.00K |
| Change in Working Capital | 48.53M | 197.29M | 50.67M | -272.45M | -65.84M | 38.82M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 4.62B | 3.81B | 4.42B | 2.44B | 2.45B | 1.34B |
| Enterprise Value | 6.42B | 5.54B | 5.70B | 3.40B | 3.17B | 3.46B |
| Last Close Price | 46.24 | 36.65 | 40.60 | 21.28 | 20.39 | 11.08 |
| PE Ratio | 31.21 | 58.01 | 86.88 | 3.11 | 3.24 | |
| Forward PE | 25.83 | 28.17 | 12.32 | 10.36 | 26.88 | |
| PS Ratio | 9.02 | 9.68 | 16.96 | 8.16 | 9.14 | 5.15 |
| PB Ratio | 2.43 | 1.84 | 1.86 | 0.94 | 0.84 | 0.62 |
| P/TBV Ratio | 2.43 | 2.07 | 2.20 | 1.18 | 0.98 | 0.78 |
| P/FCF Ratio | 33.19 | |||||
| P/OCF Ratio | 11.17 | 8.09 | 13.88 | 18.05 | 11.21 | 5.28 |
| PEG Ratio | 50.34 | 50.34 | 50.34 | 50.34 | 50.34 | |
| EV/Sales Ratio | 12.46 | 14.07 | 21.89 | 11.39 | 11.84 | 13.30 |
| EV/EBITDA Ratio | 19.59 | 37.16 | 41.10 | 47.79 | 4.86 | 9.55 |
| EV/EBIT Ratio | 23.46 | 55.52 | 66.95 | 163.23 | 5.28 | 11.27 |
| EV/FCF Ratio | 85.72 | |||||
| Debt / Equity Ratio | 1.22 | 1.34 | 0.62 | 0.47 | 0.41 | 0.76 |
| Debt / EBITDA Ratio | 7.94 | 18.10 | 10.36 | 16.60 | 1.82 | 4.46 |
| Debt / FCF Ratio | 40.86 | |||||
| Net Debt / Equity Ratio | 0.82 | 0.77 | 0.38 | 0.21 | 0.03 | 0.45 |
| Net Debt / EBITDA Ratio | 5.41 | 10.74 | 6.43 | 7.59 | 0.14 | 2.67 |
| Net Debt / FCF Ratio | -7.40 | -4.18 | -7.41 | -2.84 | -1.81 | 23.98 |
| Asset Turnover | 0.10 | 0.08 | 0.06 | 0.07 | 0.06 | 0.06 |
| Inventory Turnover | 115.29 | 124.87 | 65.86 | 98.48 | 134.73 | 65.30 |
| Quick Ratio | 2.32 | 2.47 | 0.78 | 1.35 | 2.78 | 0.55 |
| Current Ratio | 2.34 | 2.54 | 0.88 | 1.49 | 3.04 | 0.71 |
| Return on Equity (ROE) | 10.12% | 5.07% | 3.25% | -0.11% | 40.00% | -3.40% |
| Return on Assets (ROA) | 3.44% | 1.29% | 1.26% | 0.31% | 8.13% | 4.15% |
| Return on Invested Capital (ROIC) | 6.92% | 2.77% | 2.66% | 0.68% | 19.57% | 8.70% |
| Return on Capital Employed (ROCE) | 5.70% | 2.10% | 2.40% | 0.60% | 15.50% | 8.40% |
| Earnings Yield | 3.20% | 1.72% | 1.15% | -1.92% | 32.20% | 30.86% |
| FCF Yield | -5.16% | -10.04% | -2.72% | -7.82% | -2.00% | 3.01% |
| Dividend Yield | 2.21% | 2.66% | 2.37% | 4.29% | ||
| Payout Ratio | 69.01% | 157.36% | 204.78% | 8.01% | ||
| Buyback Yield / Dilution | -7.80% | -4.01% | 1.27% | 1.77% | 1.00% | -12.39% |
| Total Shareholder Return | -5.64% | -1.36% | 3.64% | 6.07% | 1.00% | -12.39% |