Golar LNG slides even after posting record quarterly results
Golar LNG shares fell 2.6% to $50.47 by midday Wednesday, underperforming peers after last week’s earnings. Investors weighed a strategic review and plans for a fourth floating LNG unit as energy stocks broadly declined. Golar reported first-quarter revenue up 120% to $137.6 million and will pay a 25-cent dividend June 10. Goldman Sachs is advising on strategic options, but no timeline or outcome is set.
