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Does Gimi Refinancing And New Buyback Change The Bull Case For Golar LNG (GLNG)?

Simply Wall St · 2d ago
  • Golar LNG Limited recently closed and drew a new US$1.20 billion asset-backed debt facility to refinance the FLNG Gimi, replacing an existing US$627 million loan, while also reporting mixed third-quarter 2025 results, declaring a dividend, and approving a new US$150 million share buyback program.
  • An interesting takeaway is that this refinancing releases about US$400 million in net liquidity to Golar, highlighting how its capital structure decisions may influence future financial flexibility and capital returns.
  • We’ll now examine how the US$1.20 billion FLNG Gimi refinancing and released liquidity reshape Golar LNG’s existing investment narrative.

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Golar LNG Investment Narrative Recap

To own Golar LNG, you generally need to believe in long duration FLNG cash flows and the value of its contracted backlog, while accepting project, concentration, and balance sheet risk. The US$1.20 billion Gimi refinancing materially improves near term liquidity, which supports the key short term catalyst of funding future FLNG growth, but it also reinforces the main risk around leverage and ongoing access to large, long tenor debt markets.

The newly approved US$150 million share buyback program sits alongside the Gimi refinancing as the most relevant recent announcement, because both hinge on Golar’s financial headroom and cash generation. While the buyback may signal confidence in the business and its cash flows, it also links directly back to the central question of how much capital can prudently be returned to shareholders while still funding capital intensive FLNG expansion and managing a high debt load.

Yet beneath this improved liquidity, investors should still be aware of how Golar’s capital intensive growth plans could...

Read the full narrative on Golar LNG (it's free!)

Golar LNG's narrative projects $434.8 million revenue and $205.2 million earnings by 2028.

Uncover how Golar LNG's forecasts yield a $51.10 fair value, a 34% upside to its current price.

Exploring Other Perspectives

GLNG Community Fair Values as at Dec 2025
GLNG Community Fair Values as at Dec 2025

Five fair value estimates from the Simply Wall St Community span a wide US$3.72 to US$60.87 range, showing just how far apart individual views can be. Against that backdrop, the new US$1.20 billion Gimi refinancing and higher leverage profile give you a clear reason to compare multiple perspectives on how financing risk might affect future performance.

Explore 5 other fair value estimates on Golar LNG - why the stock might be worth as much as 59% more than the current price!

Build Your Own Golar LNG Narrative

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.