Dynagas LNG Partners reinstated dividends after refinancing debt, removing constraints on capital allocation, and maintaining strong cash flows. Q3 2024 results show $19.8M operating income and $15.1M net profit, with a net debt reduction to $280M. Preferred shares offer attractive dividends. Series A has a fixed 9% yield, while Series B offers a floating rate tied to 3M SOFR.
Following its acquisition by New Fortress Energy in 2021, Golar LNG Partners has been stripped of its assets and became an empty shell. However, the parent is effectively guaranteeing Preferred Unit distributions through an irrevocable letter of support. After New Fortress Energy successfully addressed mounting debt issues, the parent is likely to honor its support commitment for the time being.
Here is how Cheniere Energy (LNG) and Talen Energy Corporation (TLN) have performed compared to their sector so far this year.
Cheniere Energy (LNG) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength down the road.
Does Cheniere Energy (LNG) have what it takes to be a top stock pick for momentum investors? Let's find out.
Gaztransport & Technigaz (GTT) has outperformed European equity markets, driven by strong order backlog and growing LNG demand amid stricter environmental regulations. A strong backlog with continuous order intakes and limite shipyard capacity offer strong visibility. The LNG fuel market has further room to grow as it offers the best option to limit CHG emissions and comply with new regulations.
EQNR extends the Hammerfest LNG outage to Jan. 19, citing delays in compressor repairs. The facility accounts for 5% of Norway's gas exports.
Cheniere Energy, Inc. is well-positioned as an LNG exporter, benefiting from a pro-energy administration and global geopolitical risks disrupting supply. Stage 3 at Corpus Christi is nearing completion in 2025 and will significantly boost production and return Cheniere to steady EBITDA growth. Management increased their adjusted EBITDA guidance for eFY24 in Q3 '24, suggesting an improved business outlook. Natural gas prices have been improving since reporting earnings.
Robust liquidity is boosting GLNG's prospects. A shareholder-friendly approach is encouraging.
Equinor has extended an ongoing outage at its Hammerfest LNG plant in Arctic northern Norway by 10 days to Jan. 19 as it continues to repair a failed compressor, the company said in a regulatory filing on Wednesday.
The natural gas and liquified natural gas (LNG) industry has struggled for the last few years but is gaining traction today and is expected to sustain itself in 2025. Increasing demand only partially offset by supply supports the price action in LNG and creates a strong tailwind for U.S. LNG stocks.
Pantheon Resources PLC (AIM:PANR, OTCQX:PTHRF) has welcomed the announcement by the Alaska Gasline Development Corporation (AGDC) of an exclusive framework agreement with a private company to lead and fund the development of the Alaska LNG project. AGDC President, Frank Richards, and Alaska Governor, Mike Dunleavy, announced the news on 6 January at a news conference.