John Fredriksen’s Golar LNG topped Wall Street forecasts in the third quarter as it reported a significant improvement in its bottom line.

Oslo-listed Golar banked $21.14m in the three months to the close of September, smashing the $533,000 it put on the board a year ago.

Analysts say its earnings per share of $0.26 were three cents ahead of expectations.

Golar, which says long-term contract discussions for newbuildings and active ships are progressing well, saw revenue increase from $70.43m