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Golar LNG Partners LP (GMLP)

Apr 15, 2021 - GMLP was delisted (reason: acquired by New Fortress Energy)
3.55 0.02 (0.57%)
Apr 15, 2021 4:00 PM EDT - Market closed
Market Cap246.02M
Revenue (ttm)284.73M
Net Income (ttm)6.95M
Shares Out69.30M
EPS (ttm)0.10
PE Ratio35.50
Forward PEn/a
Dividend$0.08 (2.28%)
Ex-Dividend DateFeb 4, 2021
Volume-
Open-
Previous Close3.53
Day's Range3.53 - 3.55
52-Week Range0.00 - 3.55
Beta1.11
AnalystsHold
Price Target4.96 (+39.7%)
Est. Earnings Daten/a

About GMLP

Golar LNG Partners LP owns and operates floating storage regasification units (FSRUs) and liquefied natural gas (LNG) carriers under long-term charters in Indonesia, Brazil, Jordan, Jamaica, Kuwait, and the United Arab Emirates. As of March 2, 2021, it had a fleet of six FSRUs and four LNG carriers. Golar GP LLC serves as the general partner of Golar LNG Partners LP. The company was founded in 2007 and is headquartered in Hamilton, Bermuda. Golar LNG Partners LP is a subsidiary of Golar LNG Limited.

IndustryOil, Gas & Consumable Fuels
IPO DateApr 8, 2011
CEOKarl Staubo
CountryBermuda
Stock ExchangeNASDAQ
Ticker SymbolGMLP
Full Company Profile

Financial Performance

In 2020, GMLP's revenue was $284.73 million, a decrease of -4.98% compared to the previous year's $299.65 million. Earnings were $19.20 million, an increase of 7.81%.

Financial Statements

Analyst Forecast

According to 6 analysts, the average rating for GMLP stock is "Hold." The 12-month stock price forecast is 4.96, which is an increase of 39.72% from the latest price.

Price Target
$4.96
(39.72% upside)
Analyst Consensus: Hold

News

Golar LNG Partners LP to Voluntarily Delist its 8.75% Series A Cumulative Redeemable Preferred Units

NEW YORK--(BUSINESS WIRE)--Golar LNG Partners LP (Nasdaq: GMLP) (“GMLP”) announced the completion of its sale to New Fortress Energy Inc. (NASDAQ: NFE) (“NFE”) on April 15, 2021. In connection with the ...

Other symbols:NFE
5 months ago - Business Wire

New Fortress Energy Completes Acquisition of Golar LNG Partners LP

April 15, 2021 – Golar LNG Partners LP (Nasdaq: GMLP) (“GMLP”) today announces the completion of its sale to New Fortress Energy Inc. (“NFE”).

6 months ago - GlobeNewsWire

Golar LNG Partners LP - Announcement of filing of Form 20-F Annual Report

Golar LNG Partners LP announces that it has filed its Form 20-F for the year ended December 31, 2020 with the Securities and Exchange Commission in the U.S.

6 months ago - GlobeNewsWire

Golar LNG Partners LP preliminary fourth quarter and financial year 2020 results

Highlights and subsequent events

7 months ago - GlobeNewsWire

Golar LNG Partners LP Common Unitholders Approve Merger at Special Meeting

Golar LNG Partners LP announces that at a special meeting held today, the holders of common units representing limited partner interests of Golar LNG Partners LP (Nasdaq: GMLP) (“GMLP”) voted on and app...

7 months ago - GlobeNewsWire

Golar LNG Partners LP: Q4 2020 results presentation

Golar LNG Partners LP 4th Quarter 2020 results will be released before the NASDAQ opens on Thursday, February 25, 2021. In connection with this a webcast presentation will be held at 4:30 P.M (London Ti...

8 months ago - GlobeNewsWire

Golar LNG Partners LP Announces Filing of Its Proxy Statement Ahead of Special Meeting for Proposed Merger With New F...

Golar LNG Partners LP (NASDAQ: GMLP) (“GMLP”) announces that it filed its proxy statement with the SEC on February 2, 2021, ahead of the special meeting of its unitholders scheduled to take place on Feb...

8 months ago - GlobeNewsWire

Golar LNG Partners LP Announces Record Date and Meeting Date for Special Meeting for Proposed Merger With New Fortres...

Golar LNG Partners LP (NASDAQ: GMLP) (“GMLP”) announced today that it has established a record date of January 25, 2021 for a special meeting of its unitholders currently planned to take place on Februa...

8 months ago - GlobeNewsWire

New Fortress Energy CEO on $5 billion acquisition

Wes Edens, New Fortress Energy CEO and founder, Milwaukee Bucks co-owner, and co-founder of Fortress Investment Group, joins 'Power Lunch' to discuss the company's $5 billion energy acquisition.

Other symbols:NFE
9 months ago - CNBC Television

New Fortress Energy to Acquire Golar LNG Partners LP

January 13, 2021 – Golar LNG Partners LP (Nasdaq: GMLP) (“GMLP”) today announced that it has entered into an agreement and plan of merger with New Fortress Energy Inc. (Nasdaq: NFE) (“NFE”).

9 months ago - GlobeNewsWire

New Fortress Energy to Acquire Hygo Energy Transition Ltd. and Golar LNG Partners LP in Combined $5 Billion Transaction

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (Nasdaq: NFE) (“NFE”) today announced that it has entered into definitive agreements to acquire Hygo Energy Transition Ltd. (“Hygo”), a 50-50 joint ve...

Other symbols:GLNGNFE
9 months ago - Business Wire

Golar LNG Partners Can Revive Its Dividend

Golar LNG Partners has been through a rough few quarters, struggling to refinance bonds due just as COVID was emerging around the world and massively slashing the dividend in Q2. However, utilization of...

10 months ago - Seeking Alpha

Golar LNG Partners Is Not Worth Holding - The Preferreds Are Investable, Though There Are Better Options

With uncertainty in regards to their future distribution levels, GMLP's common units should be avoided. Dividend coverage on the preferreds remains adequate, even benefiting from the recent restructurin...

10 months ago - Seeking Alpha

Golar LNG Partners LP: Q3 2020 results presentation

Golar LNG Partners LP 3rd Quarter 2020 results will be released before the NASDAQ opens on Monday, November 30, 2020. In connection with this a webcast presentation will be held at 4:30 P.M (London Time...

10 months ago - GlobeNewsWire

Golar LNG Partners LP Cash Distributions

Golar LNG Partners LP (“the Partnership”) (NASDAQ: GMLP) announced today that its board of directors has approved a quarterly cash distribution with respect to the quarter ended September 30, 2020 of $0...

11 months ago - GlobeNewsWire

Golar LNG Partners LP: 2020 AGM Results Notification

Golar LNG Partners LP (the “Partnership”) advises that the 2020 Annual Meeting of the Limited Partners of the Partnership was held on September 24, 2020 at 09:00 a.m. at 2nd Floor, S.E. Pearman Building...

1 year ago - GlobeNewsWire

Golar LNG Partners LP: Class I Director Appointment

Golar LNG Partners LP: Class I Director Appointment

1 year ago - GlobeNewsWire

Golar LNG Partners LP and Golar Power Ltd. enter into cooperation agreement to develop LNG terminals from Golar LNG P...

Golar LNG Partners LP (“Golar Partners”, “GMLP” or the “Partnership”) and Golar Power Ltd. (“Golar Power”) have entered into a cooperation agreement where the parties intend to work together to develop ...

1 year ago - GlobeNewsWire

Golar LNG Partners: The Future Hinges On Debt Refinancing

Golar LNG Partners: The Future Hinges On Debt Refinancing

1 year ago - Seeking Alpha

Golar LNG Partners LP: Interim results for the period ended 30 June 2020

Highlights and subsequent events

1 year ago - GlobeNewsWire

Golar LNG Partners LP: Q2 2020 results presentation

Golar LNG Partners LP 2nd Quarter 2020 results will be released before the NASDAQ opens on Thursday August 13, 2020. In connection with this a webcast presentation will be held at 4:30 P.M (London Time)...

1 year ago - GlobeNewsWire

Golar LNG Partners LP (GMLP) CEO Karl Staubo on Q1 2020 Results - Earnings Call Transcript

Golar LNG Partners LP (GMLP) CEO Karl Staubo on Q1 2020 Results - Earnings Call Transcript

1 year ago - Seeking Alpha

Golar LNG Partners LP: Effectiveness of Amendments to Bond Terms

Further to the press release on May 5, 2020, Golar LNG Partners LP announced today that the amendments to the Partnerships’ Senior Unsecured Bond Issues (GOLP02, ISIN NO 001 07 36481) and (GOLP03, ISIN ...

1 year ago - GlobeNewsWire

Why Earnings Season Could Be Great for Golar LNG Partners (GMLP)

Golar LNG Partners (GMLP) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

1 year ago - Zacks Investment Research