Golar LNG's (NASDAQ:GLNG) Solid Earnings May Rest On Weak Foundations

What we drew from this source

The claims Via News extracted from this document. We point to the source; we don't replace it.

• Golar LNG's statutory earnings aren't a clean read on ongoing productivity due to the large unusual item

  60% confidence

• While profit increases are positive, unusual items of US$20 million contributed significantly and may not repeat, meaning true underlying earnings power is likely less than statutory profit

  60% confidence

• The statutory profit number doesn't tell the whole story, and there are factors which might be of concern to shareholders

  60% confidence

• If Golar LNG doesn't see that unusual item contribution repeat, then all else being equal, profit would be expected to drop over the current year

  60% confidence

• There are 3 warning signs for Golar LNG, with 2 that can't be ignored

  60% confidence