New York, May 27, 2026, 12:07 EDT
• Golar LNG shares dropped around 2.6% by midday in the U.S., trailing both the broader market and other LNG names.
• Investors are sizing up a strategic review and a push for a fourth unit, while energy stocks are weak and execution risk remains.
Golar LNG Limited shares fell in midday trading Wednesday, extending last week’s drop after results. Investors seemed to question how much of the floating-LNG expansion was already priced in.
Golar shares slipped $1.35 to $50.47, off roughly 2.6% after moving between $50.29 and $51.70. The company’s market cap was around $5.25 billion.
Golar isn’t just seen as a standard LNG shipper now. The company has shifted focus to floating liquefied natural gas, or FLNG, vessels — these offshore units process natural gas into LNG for export at sea. Investors are moving past a solid first quarter and watching for updates on when the next projects will come through.
Stocks were mixed in the U.S. as traders followed Middle East talks. The S&P 500 energy index dropped 1.5% with oil down, Reuters said.
Peers also traded lower, but losses were milder. Cheniere Energy dropped under 1%, and Flex LNG edged down less than 1%. The SPDR S&P 500 ETF shed about 0.3%.
Golar posted first-quarter operating revenue of $137.6 million last week, a 120% jump from the same period last year. Adjusted EBITDA was $105.6 million, up 158%. Adjusted EBITDA refers to earnings before interest, tax, depreciation and amortization, excluding some non-cash and other items.
Golar CEO Karl Fredrik Staubo said in the results statement that geopolitical events have “driven commodity prices higher” and the company is “ramping up activities” to order a fourth FLNG unit this year. Golar LNG
Staubo said on an investor call that Middle East disruptions have ramped up urgency for early floating capacity, with some conversations now focused on “who gets the first delivery,” according to Goldman Sachs analyst John Mackay. Investing
Golar LNG said it will pay a quarterly dividend of 25 cents per share on June 10 to shareholders on record as of June 1.
Golar said FLNG Gimi ran 19% over its contracted volume for the quarter. FLNG Hilli kept its economic uptime at 100%. The MKII conversion is still tracking to schedule and budget. Golar has brought in Goldman Sachs to look at strategic options.
The strategic review looms large over the stock. Back in March, Golar said it was looking at all options—sale, merger, asset divestiture, or even a change to its corporate structure—with Goldman Sachs International as its adviser.
But the downside sticks out. Golar has said there’s no firm timeline and no guarantee the review will end in a deal. The valuation still hangs on Hilli moving to Argentina, getting MKII delivered, and a fourth-unit order hitting on time. If LNG prices ease up or construction lags, shares could fall more.
