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Stock impact report

Golar LNG (GLNG) to Report Q4 Earnings: What's in Store? [Yahoo! Finance]

Golar LNG Limited - Common Shares (GLNG) 
US:NASDAQ Investor Relations: golarlng.com/investors
Company Research Source: Yahoo! Finance
The Zacks Consensus Estimate for GLNG's fourth-quarter 2023 earnings has been stable at 50 cents per share over the last 60 days. Against this backdrop, let's take a look at the factors that might have shaped the company's December-quarter performance. We expect upbeat demand for liquefied natural gas (LNG) to have aided Golar LNG's performance in the to-be-reported quarter. Moreover, amid the prolonged Russia-Ukraine war, Europe is likely to have sought gas supplies outside Russia. This is expected to have driven demand for LNG vessels. On the flip side, GLNG's performance is expected to have been affected by supply-chain disruptions. Higher operating expenses due to increased average number of vessels in its fleet are likely to have hurt the bottom line. Moreover, high fuel costs might have affected the bottom-line performance in the quarter under review. Even though fuel price has come down from the highs witnessed earlier, it still remains at an elevated level. What Doe Show less Read more
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