Golar LNG Ltd
F:G2O

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Golar LNG Ltd Logo
Golar LNG Ltd
F:G2O
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Price: 42.9 EUR 0.47%
Market Cap: €4.5B

Golar LNG Ltd
Investor Relations

Golar LNG Ltd is a marine energy company that helps turn natural gas into liquefied natural gas, or LNG, and move it to market. Its main business is floating LNG infrastructure, including vessels that liquefy gas offshore and LNG carriers that transport the fuel by sea. It does not produce natural gas itself; it provides the specialized ships and terminal-like equipment that make gas export possible in places where building a large onshore plant would be difficult or too slow. Its customers are mostly gas producers, energy companies, and sometimes governments or project partners that need a way to process and export natural gas. Golar usually earns money through long-term contracts that pay for the use of its ships and liquefaction capacity, rather than by buying and reselling fuel. That makes its revenue tied to asset-based service agreements and charter-style fees. What makes Golar different is its focus on floating LNG, a niche part of the energy industry that sits between gas fields and global LNG buyers. Instead of owning gas reserves or retailing fuel, it provides the infrastructure that connects remote gas supply to export markets. This makes the company more like a specialized midstream service provider than a traditional oil and gas producer.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
May 20, 2026
AI Summary
Q1 2026

Record quarter: Golar said Q1 was a record quarter for LNG production, with Hilli at 100% economic uptime and Gimi producing 19% above committed contractual capacity.

Strong results: Operating revenue rose to $138 million, EBITDA increased 16% quarter-over-quarter to $106 million, and net income jumped to $102 million.

Growth visibility: Management said the $17 billion backlog is growing more valuable as the company approaches full operation of its three-unit fleet, and it still expects run-rate EBITDA to exceed $800 million once all three units are on stream.

Fourth unit: Golar said it is now expecting to order its fourth FLNG unit within 2026, helped by a stronger commercial pipeline and higher urgency in the market.

Argentina progress: The company said the Hilli move to Argentina remains on track, the Mark II stays on budget and scheduled for year-end 2027 delivery, and major pipeline work is already awarded and underway.

Capital returns: Golar declared another quarterly dividend of $0.25 per share and said its longer-term contracted cash flows could support much higher shareholder returns over time.

Strategic review: Management reiterated that it has launched a strategic review to accelerate FLNG growth and maximize shareholder returns, but said it would not comment further until the review is complete.

Key Financials
Operating revenue
$138 million
EBITDA
$106 million
Net income
$102 million
Dividend
$0.25 per share
Cash
just over $1 billion
Net interest-bearing debt
around $1.7 billion
Backlog
$17 billion
Gimi EBITDA
$150 million
Hilli EBITDA
$285 million
Mark II EBITDA
$400 million
Commodity upside
approximately $100 million per $1 per million BTU above $8
SESA commodity exposure value
approximately $200 million to $500 million per year
Market cap
approximately $5.7 billion
Average daily trading volume
exceeds $100 million per day
Outstanding bonds
approximately $800 million
Convertible bond maturity
2030
Mark II investment to date
$1.2 billion
San Matias pipeline investment
around $77 million
Q1 growth investments and dividends
approximately $200 million
Dividends returned in quarter
approximately $25 million
Growth investments in quarter
more than $134 million
Hilli cargoes
152 cargoes
Hilli production
$47 million in Q1
Gimi utilization bonus performance
19% above contractual day rates
Fourth FLNG timing
within 2026
Earnings Call Recording
Other Earnings Calls

Management

Mr. Karl Fredrik Staubo
Chief Executive Officer of Golar Management AS
No Bio Available
Mr. Eduardo Maranhao
Chief Financial Officer of Golar Management Ltd
No Bio Available
Mr. Ragnar Nes
Chief Operating Officer of Golar Management AS
No Bio Available
Mr. Erik Svendsen
Chief Technical Officer of Golar Management AS
No Bio Available
Mr. Stuart Buchanan
Head of Investor Relations
No Bio Available
Mr. Federico Petersen
Chief Commercial Officer of Golar Management Ltd.
No Bio Available

Contacts

Address
Hamilton
2nd Floor, 9 Par-La-Ville Road
Contacts
+4412954705.0
www.golarlng.com
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