Golar LNG Q1: Revenue Misses Consensus, Reinstates Dividend Payment, Discloses $150M Share Buyback
Portfolio Pulse from Lekha Gupta
Golar LNG reported Q1 operating revenue of $74.0 million, missing consensus of $81.2 million, and a net loss of $101.9 million. The company reinstated a dividend of $0.25 per share and authorized a $150 million share buyback program.
May 30, 2023 | 2:42 pm
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NEGATIVE IMPACT
Golar LNG's Q1 revenue missed consensus and reported a net loss, but reinstated dividend and authorized a $150 million share buyback.
Golar LNG's Q1 revenue miss and net loss are negative factors for the stock price. However, the reinstatement of the dividend and the share buyback program may provide some support. Overall, the negative factors outweigh the positive, leading to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100