Highlights
·
Operating Loss and
EBITDA* in the quarter reported a loss of $24.0 million and $6.6
million, respectively, compared to a 1Q loss of $41.4 million and
$16.2 million.
·
OneLNG's Fortuna joint
venture executes Umbrella Agreement with the Republic of Equatorial
Guinea to establish the fiscal and legal framework for the Fortuna
FLNG project. Project final investment decision ("FID") now
expected 2H 2017.
·
Put Option in respect of
FSRU Golar Tundra exercised by Golar LNG
Partners L.P ("Golar Partners" or "the Partnership").
·
Golar LNG Limited
("Golar" or "the Company") and Golar Partners enter into a purchase
option agreement for Golar Partners to acquire up to a 25% interest
in FLNG Hilli Episeyo.
·
OneLNG enters into a
Memorandum of Understanding with the Republic of Equatorial Guinea
to find a monetization solution for stranded gas focusing on Blocks
O and I offshore Malabo.
·
Golar and Delfin
Midstream sign agreement to jointly develop the Delfin LNG Project
in the US Gulf of Mexico.
Subsequent Events
·
Entered into a Purchase and Sale Agreement for the sale of an
interest in the Hilli Episeyo.
·
LNG bunkers ordered for
mid-September delivery to Hilli Episeyo ahead
of departure for Cameroon in late September/early October.
·
Fortuna joint venture awards LNG offtake to Gunvor Group Ltd.
Financial Review
Business Performance
|
2017 |
2017 |
(in thousands of $) |
Apr-Jun |
Jan-Mar |
Total operating revenues (including revenue from
collaborative arrangement) |
28,408 |
|
25,110 |
|
Vessel operating expenses |
(12,099 |
) |
(12,944 |
) |
Voyage, charterhire & commission expenses |
(3,372 |
) |
(12,593 |
) |
Voyage, charterhire & commission expenses -
collaborative arrangement |
(8,436 |
) |
(4,336 |
) |
Administrative expenses |
(11,105 |
) |
(11,441 |
) |
EBITDA* |
(6,604 |
) |
(16,204 |
) |
Depreciation and amortization |
(17,366 |
) |
(25,186 |
) |
Operating loss |
(23,970 |
) |
(41,390 |
) |
* EBITDA is defined as operating
loss before interest, tax, depreciation and amortization. EBITDA is
a non-GAAP financial measure. A non-GAAP financial measure is
generally defined by the Securities and Exchange Commission as one
that purports to measure historical or future financial
performance, financial position or cash flows, but excludes or
includes amounts that would not be so adjusted in the most
comparable U.S. GAAP measure. We have presented EBITDA as we
believe it provides useful information to investors because it is a
basis upon which we measure our operations and efficiency. EBITDA
is not a measure of our financial performance under U.S. GAAP and
should not be construed as an alternative to net income (loss) or
other financial measures presented in accordance with U.S.
GAAP.
Golar reports today a 2Q 2017
operating loss of $24.0 million as compared to a 1Q loss of $41.4
million. As expected, the shipping market remained relatively
flat for most of 2Q. A pick-up in utilization toward the end of the
quarter did, however, contribute to a small rise in time charter
revenues which increased from $20.1 million in 1Q to $24.0 million
in 2Q. Voyage expenses declined from $16.9 million in 1Q to $11.8
million in 2Q, 1Q having been inflated by a non-cash accounting
provision triggered by the February execution of a new charter for
the chartered-in Golar Grand. Golar's
obligation to charter-in the Golar Grand will
expire in October 2017. Thereafter, Golar Partners will receive
hire payments from the vessel's new charterer.
Vessel operating expenses
decreased $0.8 million to $12.1 million in 2Q. Administration costs
at $11.1 million were in line with 1Q. Depreciation and
amortization at $17.4 million for 2Q was $7.8 million lower than
1Q, 1Q having been inflated by a 15 month catch-up charge in
respect of the FSRU Golar Tundra which was not
depreciated whilst accounted for as an asset held-for-sale.
Net Income
Summary
|
2017 |
2017 |
(in thousands of $) |
Apr-Jun |
Jan-Mar |
Operating loss |
(23,970 |
) |
(41,390 |
) |
Interest
income |
1,888 |
|
1,024 |
|
Interest
expense |
(20,453 |
) |
(19,257 |
) |
Other
financial items, net |
(22,384 |
) |
14,456 |
|
Other
non-operating income |
144 |
|
62 |
|
Taxes |
(458 |
) |
(189 |
) |
Equity in
net earnings (losses) of affiliates |
704 |
|
(13,897 |
) |
Net income
attributable to non-controlling interests |
(9,279 |
) |
(6,652 |
) |
Net loss attributable to Golar LNG Ltd |
(73,808 |
) |
(65,843 |
) |
In 2Q the Company generated a net
loss of $73.8 million. Notable contributors to this are summarized
as follows:
·
The $1.2 million
increase in interest expense is primarily due to the cost of
servicing additional debt assumed in conjunction with a February
2017 issued $402.5 million convertible bond that refinanced the
balance of a $250 million March 2017 maturing convertible bond
together with a $150 million margin loan drawn down in early March
2017.
·
Other financial items
reported a 2Q expense of $22.4 million, most of which was derived
from a mark-to-market loss on the three million Total Return Swap
("TRS") shares following a $5.68 quarter-on-quarter decrease in the
Company's share price. Swap rates also decreased resulting in
non-cash mark-to-market interest rate swap losses.
· The
$0.7 million 2Q equity in net earnings of affiliates is primarily
comprised of the following:
- a $3.3 million
loss in respect of Golar's 50% share in Golar Power;
- a $1.9 million
loss in respect of Golar's 51% share in OneLNG;
- income of $5.8
million in respect of Golar's stake in Golar Partners.
Although Golar Partners reported a
higher than normal net income, primarily due to recognition of the
Golar Spirit termination fee, equity in net
earnings of the Partnership reported by Golar is reduced by the
amortization of a 2012 fair value gain on deconsolidation.
Quarterly amortization of this non-cash gain will vary in response
to events including, amongst others, charter terminations,
curtailments and dilution of Golar's stake in the Partnership after
follow-on equity offerings. At $12.9 million, the quarterly cash
distribution received from the Partnership is, however, in line
with prior quarters.
Commercial
Review
LNG
Shipping
As previously guided, the 2Q
shipping market showed no material improvement. The quarter
commenced with intense competition for fixtures in both basins
which continued to be reflected in poor rates and minimal
compensation for positioning and ballast legs. A tightening market
was, however, highlighted toward the end of the quarter as reduced
redeliveries in both the Atlantic and Middle East culminated in an
isolated six figure voyage rate being secured.
Looking ahead, the 15.6mtpa Gorgon
project is now producing at nameplate capacity. Cheniere's 4.5mtpa
Train 3 continues to ramp up whilst T4 has recently commenced the
commissioning of a further 4.5mtpa. Start-up of Wheatstone's
4.5mtpa T1 is imminent with commissioning now underway. A further
4.5mtpa should follow in 7-9 months with T2. Novatek has started
commissioning the first of its three 5.5mtpa Yamal liquefaction
trains and the 5mtpa Cove Point plant is on track to commence
service in 4Q. Ichthys LNG is due to initiate production from the
first of its two 4.5mtpa liquefaction trains in 1Q 2018 and Shell's
3.5mtpa Prelude FLNG facility recently arrived offshore Australia.
In addition to the above, US exports are expected to ramp up
sharply over the course of 2018 and 2019 with further capacity
growth of close to 45mtpa.
Subsequent to 2Q, and as
anticipated, chartering activity has improved as some of the
above-mentioned projects commence and ramp up production. Owner
expectations are firming in response and this is contributing to a
gradual recovery in shipping rates, the re-emergence of round trip
economics and a widening bid-ask spread for 2018 fixtures. Whilst
approximately 55 vessels are expected to deliver in 2017, the
tonnage required to meet incremental production is greater. The
disconnect between vessel deliveries and increasing LNG production
is expected to positively widen in 2018.
To date, the Cool Pool has
succeeded in securing many more voyages compared to the same period
in 2016. As a more balanced market approaches and the number of
prompt available vessels declines its market share will increase,
further strengthening rate expectations.
Golar
Partners
Dry-dock of the LNG carrier
Golar Grand was completed on April 14, 2017.
On May 5, 2017, the vessel commenced a firm two-year charter with a
high quality oil and gas major. Golar will continue to sub-charter
the Golar Grand from the Partnership until
October 31, 2017, when its obligation expires. Between May 5, 2017
and October 31, 2017, daily hire from the new charter accrues to
Golar.
Golar Spirit
was redelivered by Petrobras on June 23, 2017. Having fully
discharged her charter obligations, a termination payment received
from Petrobras was recognised in the Partnership's 2Q results. In
anticipation of potential future re-deployment in the Northern
Hemisphere, the vessel departed Brazil for Greece where it has now
entered temporary layup.
On July 12, 2017, the Partnership
agreed with the Dubai Supply Authority ("DUSUP") to amend the FSRU
Golar Freeze charter. In return for agreeing
to shorten the charter by one year, DUSUP have forgone their
termination for convenience rights as well as extension option
rights at a significantly lower daily rate. In the event that the
FSRU is re-deployed on new business ahead of April 2019, the
Partnership has also secured the right to terminate its obligations
under the charter whilst continuing to receive the capital element
of the charter. This presents the possibility of simultaneous
remuneration from two charterers for a short period.
The Partnership has been
pleasantly surprised at the levels of niche and emerging market
interest in mid-sized 1-2mtpa FSRUs where the cost of unutilized
capacity on larger FSRUs can undermine the economics of a switch to
gas. Golar Partners, as a dominant player in this mid-sized market,
is confident that at least one of its two available FSRUs will be
re-contracted in the coming months.
On August 16, 2017, Golar entered
into a Purchase and Sale Agreement for the sale of equity interests
in Golar Hilli LLC to Golar Partners and affiliates of Keppel and
Black and Veatch. The sold interests represent the equivalent of
50% of the two liquefaction trains, out of four, that have been
contracted to Perenco. The agreed sale price was $658 million less
net lease obligations under the vessel financing facility that are
expected to be between $468 and $480 million, which represents 50%
of the Hilli Episeyo facility. Concurrent with
execution of the Purchase and Sale Agreement, the Partnership paid
a $70 million deposit to Golar, on which the Partnership will
receive interest at a rate of 5% per annum.
The closing of the sale is
expected to take place on or before April 30, 2018. Prior to
closing, Golar, Keppel and Black and Veatch will contribute their
equity interests in Golar Hilli Corporation, the entity that owns
the Hilli Episeyo, to a newly formed Golar
Hilli LLC in return for equity interests in Golar Hilli LLC.
Membership interests in Golar Hilli LLC will be represented by
three classes of units: Common Units; Series A Special Units; and
Series B Special Units. Common Units will be entitled to cash flows
from the first 50% of contracted capacity after deduction of
operating costs but will not be exposed to the oil-linked pricing
elements of the tolling fee or any earnings associated with trains
3 and 4 expansion capacity. Oil and capacity expansion linked
earnings will accrue to Series A and B Special Unit holders,
respectively. In connection with this transaction, the Partnership
will only acquire 50% of the Common Units. Golar and its minority
partners will retain the remaining Common Units and all of the
Series A and B Special Units.
Upon closing of the sale of 50% of
the Common Units to the Partnership, the Partnership will make a
net payment of between approximately $178 and $190 million. The
Partnership will apply the $107 million deferred purchase price
receivable from Golar in connection with the Tundra Put Sale and
the $70 million deposit referred to above against the net purchase
price and will pay the balance with cash on hand. Based on US GAAP
accounting principals, Golar expects to continue consolidating
Golar Hilli LLC. As a result, the interest that the Partnership
intends to acquire has not been classified as an asset
held-for-sale in Golar's balance sheet.
Downstream -
Golar Power
The Sergipe project that will
deliver LNG fueled power to 26 committed power off-takers from 2020
is continuing to plan and financial close remains on track for 4Q
2017. Important permits have been received in the last quarter,
including an environmental license to proceed with civil
construction through to completion. There are currently around 600
construction workers on site and work remains on schedule.
Discussions with Samsung regarding the requisite modifications to
the FSRU have been concluded and the modified vessel will now
deliver in September 2018. Thereafter, the vessel will proceed to
Brazil ahead of hook-up to a soft yoke mooring in mid-1Q 2019 when
GE have indicated they expect to be ready to initiate hot
commissioning of the power plant.
The strengthening Brazilian
currency against the US dollar, together with a more attractive
financing solution than originally anticipated, are further
enhancing what was already a most attractive expected project
return.
A growing pipeline of LNG-to-power
projects is developing across Latin America, the Caribbean, West
Africa, the Indian Subcontinent and South East Asia. Most of the
potential projects in these regions are also in countries not
already importing LNG thus potentially adding to overall market
demand. Involvement levels range from equity interests in new power
plants together with an FSRU and associated infrastructure through
to the simple provision of an FSRU where the power plant and
associated infrastructure is being developed by third parties.
The Golar
Celsius ship-to-FSRU conversion is on track and will be able to
commence work during 2H 2018.
FLNG
The Hilli
Episeyo conversion is nearing completion and no major
issues have been identified. All equipment has been installed
and pre-commissioning work is well underway. Golar is focused
on doing as much testing as possible in the yard and at anchorage
in order to minimize the risk of issues being encountered in
Cameroon. The extra days spent in Singapore are expected to reduce
the time required for commissioning on site. FLNG Hilli Episeyo is scheduled to leave Singapore for
Cameroon at the end of September or beginning of October. LNG
bunkering has been booked for mid-September. All going well, the
voyage between Singapore and Cameroon is expected to take 32 to 40
days allowing the Company to tender its Notice of Readiness during
the first half of November, at which point commissioning hire
becomes receivable. The mooring system has been installed in
Cameroon ahead of schedule, within budget and is ready for hook up.
The Company has until mid-April 2018 to complete the commissioning
process ahead of charterer acceptance and full hire becoming
receivable. The Black and Veatch commissioning team will include
engineers who have previously commissioned identical barge mounted
liquefaction equipment. Two spare liquefaction trains will provide
further redundancy during the commissioning process both in terms
of backup capacity should issues be experienced with another train,
and as additional capacity that can support a more rapid ramp-up to
the required production equivalent of 1.2mtpa.
Perenco are on track with their
scope of works. The Hilli conversion remains materially under
budget and Keppel have experienced no lost time incidents during
the 18+ million man hours worked on the project.
Delfin
FLNG
On June 21, 2017, Golar and Delfin
Midstream signed a Joint Development Agreement to develop the
Delfin LNG Project offshore Cameron Parish, Louisiana. Delfin LNG
is a brownfield deep-water port that requires minimal additional
infrastructure investment to support up to four FLNG vessels
collectively producing up to 13mtpa of LNG. Individual FLNG vessels
are expected to have capacity in excess of 3mtpa and will be based
on the Mark II concept currently being developed by Golar. In
addition to greater liquefaction and storage capacity, the Mark II
solution is being designed to operate in the less benign met-ocean
conditions characteristic of the US Gulf Coast. Subject to
completion of a FEED study, the expectation is that the cost per
ton of LNG produced by the Mark II solution will be lower than its
Mark I predecessor and the lowest cost in North America.
Upstream -
OneLNG
On May 2, 2017, Ophir Energy,
OneLNG, GEPetrol and The Republic of Equatorial Guinea (Fortuna
"project participants") signed a detailed Umbrella Agreement that
defines the full legal and fiscal framework for the 2.6Tcf Fortuna
gas reserves, offshore Equatorial Guinea. Subsequent to the quarter
end, the Fortuna project participants also agreed the LNG sales
structure and selected Gunvor Group Ltd. ("Gunvor") as
off-taker. Principal commercial terms have been agreed with
Gunvor for a sale and purchase agreement covering 2.2mtpa of LNG
over a 10-year term. The LNG will be sold on a Brent-linked FOB
basis. The LNG offtake structure also permits the Fortuna project
participants to market up to 1.1mtpa of the above 2.2mtpa to higher
priced gas markets and to share in any resultant profits. Fortuna's
project participants have two years post FID to secure alternative
markets for this 1.1mtpa after which any unsold portion will revert
to Gunvor. Financing has taken longer and been more
challenging than expected and remains critical for FID which is now
expected before year-end.
On May 29, 2017, OneLNG entered
into a binding Memorandum of Understanding with the Ministry of
Mines and Hydrocarbons of Equatorial Guinea to explore the
liquefaction and commercialization of natural gas in Blocks O and
I. Agreement terms place obligations on both parties to find an
FLNG based technical and commercial solution to monetize gas that
is either stranded or being re-injected in liquids production. The
parties seek to reach definitive agreements no later than December
2018.
OneLNG is currently working on 3-4
specific projects, each involving one or more FLNG unit.
Financing Review
FLNG Hilli
Episeyo financing
The Hilli
Episeyo remains well within budget. As at June 30, 2017, $775.3
million has been spent ($855.9 million including capitalised
interest) and $375 million has been drawn against the $960 million
CSSCL facility. A material portion of the outstanding capital
expenditure will be paid upon the vessel's imminent departure from
the yard with a further tranche representing the outstanding
balance payable around acceptance test. Settlement of this
installment will closely coincide with drawdown of the final
tranche of the debt facility which is drawable upon the earlier of
vessel acceptance or after three months full-hire has been
received. At this point, likely to be 1Q 2018, the company expects
to release approximately $140 million of equity, net of the Keppel
and Black and Veatch minority interests. An estimated $87 million
of the outstanding $232 million letter of credit will be released a
year after acceptance.
Liquidity
Golar's unrestricted cash position
as at June 30, 2017 was $343.2 million. Subsequent to the quarter
end, a further $62.4 million net of minority interests was received
in respect of Golar's sale of the part-interest in Hilli Episeyo. Cash on hand will be used to fund the
Company's initial equity participation in the Fortuna FLNG project,
to meet its remaining commitments to Golar Power, and for general
corporate purposes.
Included within the $919.9 million
current portion of long-term debt net of deferred charges is $513.9
million relating to lessor owned subsidiaries that Golar is
required to consolidate in connection with seven sale and leaseback
financed vessels. The Company's underlying exposure is therefore
$406.0 million. Of this, $375 million relates to the CSSCL
Hilli Episeyo project financing facility which
will be replaced by the pre-arranged $960 million sale and
leaseback facility after vessel acceptance.
Corporate and
Other Matters
As at June 30, 2017, there are 101
million shares outstanding including 3.0 million TRS shares that
have an average price of $42.63 per share. There are also 3.9
million outstanding stock options in issue. The dividend will
remain unchanged at $0.05 per share for the quarter.
Golar's Annual General Meeting is
scheduled for September 27, 2017 in Bermuda. The record date for
voting was August 4, 2017.
Outlook
In order to avoid and minimize
start-up problems in Cameroon, Golar will perform all possible
testing and pre-commissioning work before the vessel leaves
Singapore. The Company takes comfort in the fact that no
significant issues have been identified. Latest estimations
indicate that the vessel will leave Singapore at the end of
September/beginning of October. Preparation in Singapore should
reduce the time required to commission the vessel in Cameroon, thus
substantially mitigating the impact of a delayed arrival on timing
of vessel acceptance and commencement of full-hire.
Whilst good progress has been made
on offtake and terms for governmental participation in the Fortuna
midstream, concluding the financing facility based on the original
termsheet provided by the banks is taking longer than anticipated.
The consortium of Chinese lenders is working hard to conclude
outstanding issues. Attractive economics in a much more adverse
commodity price environment, leverage which even at current LNG
prices equates to less than 3 times EBITDA* together with solid
governmental support and progress to date do, however, leave
project participants in no doubt that the Fortuna project will
prevail despite near-term delays.
Having agreed terms for the
dropdown of an interest in Hilli Episeyo,
Golar Partners has secured access to an asset that will add
significant revenue backlog and mitigate much of its re-contracting
risk, thus helping it to sustain its current distribution. In
return, and in addition to the $107 million deferred purchase price
already received in connection with the Golar Tundra put option,
Golar received $62.4 million of new liquidity in 3Q, net of
minority interests. A structure is also now in place that allows
Golar to execute future FLNG dropdowns as and when market
conditions permit.
The predicted 3Q upturn in the
shipping business is now underway and appears to be on a more
sustainable footing. July 2017 represented the most active month
for spot voyages on record. Although partly driven by seasonal
factors, the recovery is being supported by a step-up in new
liquefaction, an increase in the number of 1, 3 and 5+ year tenders
and a widening bid-ask spread for 2018 charters.
The demand case for LNG continues
to defy earlier expectations. Chinese 1H imports are up 38% on
2016. South Korea, the world's second largest LNG market, is
positioning itself to take additional LNG as it moves away from
coal and nuclear. India and frontier markets such as Pakistan are
also proposing aggressive increases in LNG imports. With identified
access to the US export market in addition to its West African
presence, Golar is now firmly positioned to meet this rising demand
for liquefaction with the lowest cost solution in both markets.
While the short term outlook for
the Company has been negatively influenced by the indicated 6-week
delay to Hilli Episeyo's start-up and
financing delays in respect of the Fortuna FLNG project, Golar's
long-term outlook has improved considerably. Solid execution of the
first FLNG project together with OneLNG's progress on Fortuna and
other FLNG projects, Golar Power's progress on the Sergipe project
and a tightening shipping market collectively provide a sound basis
upon which to realize the vision of a fully integrated LNG based
energy company backed up by valuable long-term contracts. Several
of these projects are also expected to represent attractive
acquisition targets/growth opportunities for the Company's
financing vehicle, Golar Partners.
Forward Looking
Statements
This press release contains
forward-looking statements (as defined in Section 21E of the
Securities Exchange Act of 1934, as amended) which reflects
management's current expectations, estimates and projections about
its operations. All statements, other than statements of
historical facts, that address activities and events that will,
should, could or may occur in the future are forward-looking
statements. Words such as "may," "could," "should," "would,"
"expect," "plan," "anticipate," "intend," "forecast," "believe,"
"estimate," "predict," "propose," "potential," "continue," or the
negative of these terms and similar expressions are intended to
identify such forward-looking statements. These statements
are not guarantees of future performance and are subject to certain
risks, uncertainties and other factors, some of which are beyond
our control and are difficult to predict. Therefore, actual
outcomes and results may differ materially from what is expressed
or forecasted in such forward-looking statements. You should
not place undue reliance on these forward-looking statements, which
speak only as of the date of this press release. Unless
legally required, Golar undertakes no obligation to update publicly
any forward-looking statements whether as a result of new
information, future events or otherwise.
Among the important factors that
could cause actual results to differ materially from those in the
forward-looking statements are:
-
changes in LNG carriers, FSRU and
floating LNG vessel market trends, including charter rates, ship
values and technological advancements;
-
changes in the supply and demand for
LNG;
-
changes in trading patterns that affect
the opportunities for the profitable operation of LNG carriers,
FSRUs; and floating LNG vessels;
-
changes in Golar's ability to retrofit
vessels as FSRUs and floating LNG vessels, Golar's ability to
obtain financing for such retrofitting on acceptable terms or at
all and the timing of the delivery and acceptance of such
retrofitted vessels;
-
increases in costs;
-
changes in the availability of vessels
to purchase, the time it takes to construct new vessels, or the
vessels' useful lives;
-
changes in the ability of Golar to
obtain additional financing;
-
changes in Golar's relationships with
major chartering parties;
-
changes in Golar's ability to sell
vessels to Golar LNG Partners LP or Golar Power Limited;
-
Golar's ability to integrate and
realize the benefits of acquisitions;
-
changes in rules and regulations
applicable to LNG carriers, FSRUs and floating LNG vessels;
-
our inability to achieve successful
utilization of our expanded fleet or inability to expand beyond the
carriage of LNG and provisions of FSRUs particularly through our
innovative FLNG strategy and our JVs;
-
changes in domestic and international
political conditions, particularly where Golar operates;
-
as well as other factors discussed in
Golar's most recent Form 20-F filed with the Securities and
Exchange Commission. Unpredictable or unknown factors also could
have material adverse effects on forward-looking statements.
As a result, you are cautioned not
to rely on any forward-looking statements. Actual results may
differ materially from those expressed or implied by such
forward-looking statements. The Company undertakes no obligation to
publicly update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise unless
required by law.
August 30, 2017
The Board of Directors
Golar LNG Limited
Hamilton, Bermuda
Questions should be directed
to:
Golar Management Limited - +44 207
063 7900
Oscar Spieler - Chief Executive
Officer
Brian Tienzo - Chief Financial
Officer
Stuart Buchanan - Head of Investor
Relations
Interim results for the period
ended 30 June 2017
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Golar LNG via Globenewswire
Gol Linhas Aereas Inteli... (NYSE:GOL)
Historical Stock Chart
From Jun 2024 to Jul 2024
Gol Linhas Aereas Inteli... (NYSE:GOL)
Historical Stock Chart
From Jul 2023 to Jul 2024