Golar LNG Reports Q1 Financial Results

Golar-LNG

Golar LNG Ltd. (GLNG) on Thursday reported first-quarter net income of $345.2 million.

The Hamilton, Bermuda-based company said it had net income of $3.20 per share. Earnings, adjusted for non-recurring gains, came to 34 cents per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 25 cents per share.

The operator of carriers for natural gas shipping posted revenue of $79.7 million in the period. Its adjusted revenue was $77.3 million, which missed Street forecasts. Three analysts surveyed by Zacks expected $92.3 million.

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