Golar LNG Posts Loss

(RTTNews) - Golar LNG (GLNG), a midstream liquefied natural gas company, Tuesday reported a second quarter net loss of $24.2 million, including a non-cash loss of $13.6 million on interest rate swaps.

The company said the loss reflects the sale of the Golar Igloo to Golar LNG Partners LP, partly offset by improved earnings in respect of the Golar Viking and the Golar Seal, both of which experienced improved utilization.

Revenues for the quarter were $21 million. Including the consolidation of Gola Partners, revenues were $120 million, compared with $103.8 million a year ago.

Analysts polled by Thomson Reuters projected revenues of $20.4 million for the quarter.

GLNG is trading at $66.17, up $1.53 or 2.37%, on a volume of 1.3 million shares on the Nasdaq.