Seeking Alpha

Golar LNG shares rise after Q2 earnings

  • Shares of Golar LNG (GLNG +1.2%) post solid gains after reporting Q2 net income of $59M, including a gain of $48M from interest rate swaps, and EBITDA of $8.2M.
  • GLNG says the spot market remains volatile and inefficient, as a result the Hilli and Gandria enter layup in Indonesia.
  • Concluded a $1.1B funding facility for eight of its thirteen newbuilds.

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