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We recently published a list of 10 Firms Battered by Poor Earnings, Dismal Outlook. In this article, we are going to take a look at where Golar LNG Limited (NASDAQ:GLNG) stands against other Friday’s worst performers.
Wall Street’s major indices ended the trading week on a strong note, clocking in robust gains as investors cheered better-than-expected non-farm payrolls last month while digesting more corporate earnings results.
The tech-heavy Nasdaq led the rally among all major indices, finishing up 1.51 percent. The S&P 500 clocked in a 1.47-percent gain, while the Dow Jones grew by 1.39 percent.
Despite the broader market optimism, 10 companies managed to register declines amid dismal earnings performance in the first quarter of the year. In this article, let us explore Friday’s 10 worst performers and the reasons behind their decline.
To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5-million trading volume.
An aerial view of offshore rigs with oil storage tanks, reflecting the company's marine infrastructure.
Golar LNG Limited (NASDAQ:GLNG)
Golar LNG snapped an eight-day winning streak on Friday, dropping 6.84 percent to close at $39.64 each as investors resorted to profit-taking to take advantage of gains from the previous days’ rally.
In recent news, Golar LNG Limited (NASDAQ:GLNG) said that it expects to rake in some $13.7 billion from two long-term charter agreements, which include the 20-year deployment of its FLNG Hilli Episeyo vessel to serve Southern Energy SA off the coast of Argentina.
In parallel, Golar LNG Limited (NASDAQ:GLNG) also signed another 20-year binding contract for its MKII FLNG vessel, which is currently under transformation at a shipyard in Yantai, China.
According to the company, a notable provision allows it to earn approximately $100 million for each dollar increase above $8 per mmbtu, once both vessels become fully operational.
Additionally, Southern Energy has the option to shorten its charter to 12 years for FLNG Hilli and 15 years for MKII FLNG, subject to a three-year notice and associated fees.
Overall, GLNG ranks 10th on our list of Friday’s worst performers. While we acknowledge the potential of GLNG as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than GLNG but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.