Golar LNG Limited (GLNG) Stock Price & How to Invest

Golar LNG converts old LNG carriers into floating liquefaction plants and charters them to gas producers who have stranded reserves and no onshore terminal. Two units are in service: FLNG Hilli Episeyo (~2.4 MTPA), which has been liquefying gas offshore Cameroon since 2018, and FLNG Gimi (~2.4 MTPA), which began a 20-year lease to BP at the Greater Tortue Ahmeyim field offshore Mauritania and Senegal in June 2025. A third and larger unit, MKII FLNG (~3.5 MTPA), is being converted for a 20-year charter to Southern Energy S.A. in Argentina with startup guided to the second half of 2028. The Hilli is separately contracted for 20 years to a Pan American Energy led consortium in the Gulf of San Matias offshore Rio Negro province, liquefying Vaca Muerta shale gas, with first exports targeted within 2027 and headline revenue of about ~$13.7 billion over the term. Golar also sold down its LNG shipping and downstream businesses in prior years to become a pure-play FLNG operator, and it employs roughly ~500 people.

The financial picture changed shape when Gimi started earning. First-quarter 2026 revenue was ~$137.6 million, up about ~120% year over year, with adjusted EBITDA of ~$105.6 million against ~$40.9 million a year earlier, and earnings of ~$0.49 per share; sales-type lease revenue from Gimi alone was ~$50.0 million. Trailing twelve-month revenue is roughly ~$469 million with net income near ~$141 million, against a market capitalization around ~$5.1 billion, so the shares trade at a high trailing multiple because the market is pricing units that have not started yet rather than the cash flow on hand. Golar pays ~$0.25 per share quarterly, a yield of roughly ~2.0%, and the board has opened a formal review of strategic alternatives with Goldman Sachs International advising, which introduces the possibility of a sale or restructuring alongside the organic buildout. Second-quarter 2026 results are scheduled for August 13, 2026.

Three assets carry the entire company, so a single mechanical failure, drydock overrun or force majeure event is a material earnings event rather than a rounding error. The Hilli's Cameroon employment winds down before the Argentine job begins, and the unit needs a Seatrium yard upgrade in between, so there is an off-hire gap and conversion cost exposure between two contracts. Argentina brings sovereign risk that no charter fully removes: export duty changes, currency and capital controls, and a political cycle that has repeatedly reversed energy policy. Startup dates in the second half of 2028 for MKII and 2027 for Hilli depend on third-party upstream drilling and pipeline construction Golar does not control, and FLNG conversions have a long industry history of slipping. The trailing multiple near ~39x leaves little cushion if any of those dates move right, and the strategic review may conclude with no transaction at all.

9 analysts publish price targets on GLNG, averaging $60.28 against a $50.43 price as of August 2026, or +19.5%. The published targets run from $44.50 to $70.00, a moderate spread, and the ratings split 7 buy, 2 hold, 0 sell. Over the last six months there has been 1 raise and 0 cuts among the published actions. A price target is what an analyst published on a date, not a prediction, and sell-side ratings skew positive across the whole market.

Read the full GLNG forecast and price target for the target table, the recent rating actions by firm, and how the consensus has shifted.

We give no verdict on Golar LNG Limited. Both cases are real, which is why the question is contested at all, so here is the strongest version of each.

The case for buying. Argentina turning into an LNG exporter. Both contracted Argentine deployments monetize Vaca Muerta gas that currently has almost no export route. The most optimistic published target, $70.00, assumes this works close to its best case.

The case against. Three assets carry the entire company, so a single mechanical failure, drydock overrun or force majeure event is a material earnings event rather than a rounding error. The most pessimistic target, $44.50, is roughly what GLNG is worth if this bites instead.

Read the full bull and bear case on GLNG, including what would have to change to break either one. Walnut is not an investment adviser.

A simple financial snapshot. These are approximations and refresh quarterly; for current figures see Golar LNG Limited's investor relations page or your broker.

• Revenue (TTM): ~$469 million, up about ~82% year over year
• Net income (TTM): ~$141 million
• Diluted EPS (TTM): ~$1.28
• Market capitalization: ~$5.1 billion at a share price near ~$50
• Trailing P/E: ~39x
• Dividend: ~$0.25 per share quarterly, roughly ~$1.00 annualized, yield near ~2.0%

The trailing multiple reflects a company whose largest contracted asset has not started operating, so current earnings understate the contracted run rate and the P/E overstates the price paid for it. First-quarter 2026 adjusted EBITDA of ~$105.6 million annualizes far below the roughly ~$400 million the MKII charter alone is guided to produce from the second half of 2028. Second-quarter 2026 results are due August 13, 2026, and the Hilli transition timeline is the line item worth reading first.

Other names that sit close to GLNG: same theme, named as a direct competitor, or held beside it in the same funds. Each entry says which. Worth a look if you are thinking about diversification within a thesis rather than concentration on one ticker.

There are three common ways to get GLNG exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it, which spreads the position across many companies. Or build it into a focused thematic portfolio, so GLNG sits alongside other stocks that express the same thesis.

Walnut takes the portfolio route. Describe a thesis where GLNG fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.

New to this? Start with how to invest in stocks, see how to analyze a stock with AI, or compare the best AI stock analyzers.

Golar is now a three-asset, long-contract FLNG infrastructure story whose value hinges on Argentine gas exports starting on schedule, so the risk sits in execution and jurisdiction rather than in whether the charters exist.

Whether GLNG is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is GLNG a buy or a sell?, and where the stock could go from here in the GLNG stock forecast.

For income investors, whether GLNG pays a dividend and how the payout looks is covered in does GLNG pay a dividend? And to weigh GLNG against a peer, read the full side-by-side comparisons: GLNG vs TNGX and GLNG vs LNG.