Golar LNG Joins Conviction List; Backlog $17B, $56 Price Target
Analysts added Golar LNG to a US Conviction List on Feb. 2, forecasting contracted EBITDA to triple by end-2028 and noting a Q3 2025 adjusted EBITDA backlog of $17 billion. The $56 price target implies over 25% upside as GLNG prepares to report Q4 2025 results with estimates of $0.42 EPS on $127.2 million revenue.
1. Conviction List Inclusion
On February 2, Golar LNG was added to a US Conviction List, reflecting confidence in its capacity expansion. The projection anticipates contracted EBITDA to increase threefold by the end of 2028, underscoring the strategic value of its marine-based LNG infrastructure.
2. EBITDA Backlog Details
At the end of Q3 2025, GLNG reported an adjusted EBITDA backlog of $17 billion, highlighting substantial contracted cash flow visibility. This sizable backlog underpins growth expectations and supports the bullish outlook for the company’s midstream assets.
3. Price Target and Upside
The assigned $56 price target represents more than 25% upside from current levels, driven by anticipated ramp-up in LNG shipping and regasification demand. This valuation reflects confidence in Golar’s expansion projects and long-term cash flow generation.
4. Q4 2025 Earnings Forecast
Golar LNG is slated to release Q4 2025 results on February 25, with analysts projecting $0.42 in earnings per share and $127.2 million in revenue. These estimates will serve as an early indicator of the company’s momentum heading into its major capacity expansions.