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Mangeet Kaur Bouns

Golar LNG (GLNG) Surpasses Q3 Earnings Estimates – Time to Reevaluate Your Position?

GLNG Golar Golar LNG Mangeet Kaur BounsMangeet British Petroleum

Headquartered in Hamilton, Bermuda, Golar LNG Limited (GLNG) designs, owns, and operates marine infrastructure that turns natural gas into LNG. The company operates through FLNG; Corporate and Other; and Shipping segments. Yesterday, GLNG released its financial results for the third quarter of fiscal 2023 before the market opened.

Although the company topped analysts’ expectations for third-quarter revenue and earnings, it reported year-over-year declines. GLNG posted operating revenues of $67.25 million, beating analysts’ estimate of $65.36 million. However, this compared to operating revenues of $68.44 million in the same period of 2022.

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