US Nasdaq LNG Infrastructure Stocks Lose $450 Billion in Market Value in One Day
Golar LNG Limited (NASDAQ: GLNG) closed on June 16 at $47.83, marking a one-day decline of 6.59%. Trading volume reached 1,041,462 shares, and market capitalization was about $4.86 billion (roughly KRW 7.3 trillion), down approximately $300 million (around KRW 450 billion) in a single session.
In its first-quarter 2026 results announced on May 20, the company beat analyst estimates with net income of $84 million and adjusted EBITDA of $106 million. It aims to place an order for its fourth FLNG facility by year-end. In March, Golar LNG initiated a strategic review—including a potential sale—to accelerate FLNG growth and enhance shareholder value, fueling speculation about possible M&A opportunities.
Headquartered in Bermuda, Golar LNG began as a traditional LNG shipping operator and has since evolved into a pure-play floating LNG (FLNG) infrastructure provider. Anchored by its flagship Hilli and Gimi FLNG units, the company has secured multiple long-term contracts of around 20 years, solidifying its position as a key infrastructure player in the global LNG supply chain.