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GLNG - Golar LNG: Results Were Better Than The Media Seems To Think
Golar LNG Limited
On Thursday, August 29, 2019, liquefied natural gas tanker and infrastructure operator Golar LNG (GLNG) announced its second-quarter 2019 earnings results. At first glance, these results appeared to be very disappointing as the company missed the expectations of its analysts on the top line and delivered a net loss for the period. While the stock was up briefly on the news, the news headlines focused on the 38% quarter-over-quarter decline in the company's time charter equivalent, but those investors that follow this industry know that the second quarter is generally the weakest in