GLNG - Golar LNG turns positive on Q1 revenue beat

Golar LNG ([[GLNG]] +0.6%) Q1 reports revenue of $125.83M, +2.7% Y/Y, beats consensus by $17.11M.Adjusted EBITDA of $77.6M vs. $76.2M last year same quarter.Net income of $25.34M vs. net loss of $104M last year quarter.Entered into merger agreements for the sale our interest in both Hygo and GMLP to NFE.Upon closing on April 15, Golar received a total of $131M in cash and 18.6M Class A shares in NFE in combined merger consideration.Agreed a one-off debt payment of $60M spread evenly across four LNG carriers and an accelerated lease profile resulting in cashflow net savings of $42M and a total reduction to Golar's remaining debt principal of $102M.More insight in contributor article: 'Golar LNG: 3 Catalysts That Will Continue Unlocking Value'Previously: Golar LNG beats on revenue (May 20)

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Golar LNG turns positive on Q1 revenue beat