Golar LNG Partners (GMLPF)

Sunday

7:42 PM

ThesisThe recent securing of new contracts and improvements in operational efficiency are shifting investor sentiment positively towards Golar LNG.

Revenue Outlook

Metric	FY2020	FY2023E	FY2026E
Revenue	$285M	$247M	$428M
Rev. Growth	-5.0%	-13.1%	+72.8%
EPS	$0.10	$0.76	$1.87
EPS Growth	-60.7%	+670%	+147%
P/E (fwd)	4.1×	0.5×	0.2×

★ Analysts see FY2026 revenue reaching $428M — +72.8% growth in a single year.

What’s Driving the Stock

01Recent contracts secured for three new FSRUs in high-demand regions could increase revenue by an estimated 20% over the next two years.
02Operational efficiency improvements have led to a 15% reduction in maintenance costs, enhancing margins.
03Potential regulatory changes in Asia may open new markets for LNG exports, increasing demand for Golar's services.
04Recent volatility in LNG prices has led to increased spot market activity, which could provide higher short-term revenues.
05Transition to cleaner energy sources driving LNG demand
06Increased global focus on energy security
07Fluctuations in LNG shipping rates
08Changes in global LNG demand, particularly from Asia

FY2020 Snapshot

Revenue: $285M
Rev. Growth: -5.0%
Gross Margin: 49.3%
Op. Margin: 43.9%
Net Margin: 6.7%
Net Income: $19M
NI Growth: +7.8%
EPS: $0.10
1Y Return: +33.3%

My Notes

"Management highlighted, 'We are positioned to capitalize on the growing demand for LNG in emerging markets.'"
Moat: Golar LNG's established fleet and long-term contracts provide a significant competitive advantage in the LNG transportation market.
value - Investors may be attracted to Golar LNG due to its low valuation metrics and potential for recovery as LNG demand stabilizes.
Higher interest rates could increase financing costs for Golar LNG, impacting its ability to invest in fleet expansion and maintenance.
Watch on earnings: WTI Crude Oil Price, Brent Crude Oil Price, LNG shipping rates.

One Sentence Summary:

The bull case is simple: analysts see revenue climbing from $247M to $428M as recent contracts secured for three new fsrus in high-demand regions could increase revenue by an estimated 20%.

Auto-composed from Stock Alarm intelligence, financial statements, and analyst estimates. Not investment advice.

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