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KPELF - Golar LNG: Decent Earnings But Problems May Be Ahead
Keppel Corp. Ltd.
On Thursday, May 28, 2020, diversified liquefied natural gas tanker and production firm Golar LNG Limited (GLNG) announced its first quarter 2020 earnings results. At first glance, these results appeared to be mixed as the company managed to beat the expectations of its analysts in terms of top-line revenues but also announced a fairly large net loss during the quarter. With that said though, few people expected too much out of this company as the coronavirus outbreak and resulting global economic shutdown has been devastating for this industry. It was certainly not all