Why These Energy Stocks Are Losing This Week

7. Golar LNG Limited (NASDAQ:GLNG)

Share Price Decline Between Mar. 3 and Mar. 10: 14.84%

As one of the world’s largest independent owners and operators of marine-based LNG midstream infrastructure, Golar LNG Limited (NASDAQ:GLNG) designs, converts, owns, and operates marine infrastructure that turns natural gas into LNG.

Golar LNG Limited (NASDAQ:GLNG) witnessed a disappointing Q4 2024, with a revenue of $65.92 million, down 17.27% YoY and below market estimates by $7.62 million. The company’s adjusted EPS also missed market expectations by $0.37. That said, the company’s liquidity remains strong with approximately $700 million of cash on hand at the end of the quarter. As a result, the company approved a total Q4 2024 dividend of $0.25 per share to be paid later this month.