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Golar LNG Limited (NASDAQ:GLNG) is one of the 10 Stocks Gaining Momentum Fast.

Golar LNG Limited (NASDAQ:GLNG) surged by 22.6 percent week-on-week, as investors piled funds into energy stocks on expectations that they would largely benefit from the ongoing tensions in the Middle East.

The stock rallied alongside its counterparts amid the ongoing tensions in the Middle East that continued to propel higher natural gas prices and disrupt supply.

Photo from Golar LNG website

Adding to the sentiment was news that a major natural gas hub in Qatar, which accounts for one-fifth of the world’s LNG supply, had been hit by a missile attack earlier in the week.

The state-run energy firm said that the attack caused “extensive damage,” with losses estimated to hit as much as $20 billion.

Even if the Middle East tensions subside, economists expect LNG prices to remain elevated, as it would take the facility five years to be repaired.

In other news, Golar LNG Limited (NASDAQ:GLNG) announced that it grew its net income attributable to shareholders by 29 percent last year to $65.68 million from $50.84 million in 2024. Total operating revenues jumped by 51 percent to $393.5 million from $260.37 million.

In the fourth quarter alone, Golar LNG Limited (NASDAQ:GLNG) said that net income attributable to shareholders fell by 67 percent to $10.36 million from $31.48 million in the same quarter a year earlier, while total operating revenues increased by 8.4 percent to $132.8 million from $122.5 million.

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