GLNG - Golar LNG: Looking Good For The Long Haul

2025-04-22 18:28:38 ET

Summary

• Golar LNG (NYSE: GLNG) is thriving due to robust LNG demand and its unique position as the sole provider of FLNG-as-a-service.
• Golar’s FLNG business is expanding rapidly, with significant projects like FLNG Hilli and Gimi contributing to strong financial performance and future growth.
• Despite a high P/E GAAP of 22.1, Golar's innovative FLNG solutions and strategic partnerships make it a promising long-term investment.
• Golar has returned to profitability, driven by its FLNG segment, which accounts for 86% of its operating revenues, and strong global LNG demand projections.

I have been keeping a close eye on natural gas and LNG stocks over the past couple of years during the global energy crisis triggered by Russia’s war in Ukraine, even as gas prices hit historic highs in the wake of the invasion. Actually, I started following gas stocks five years ago as natural gas was hailed as a bridge fuel that will play a pivotal role in the transition to renewable energy. Of the gas stocks I regularly track, Golar LNG (NYSE: GLNG ) and Targa Resources Corp. (NYSE: TRGP ) recently popped on my radar thanks to their sector-beating 52-week returns of 53.9% and 55.6%, respectively. Interestingly, GLNG has outperformed even its famous LNG peer, the mighty Cheniere Energy (NYSE:LNG), with LNG stock returning 47.6% over the timeframe...

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