Golar LNG Earnings Call Transcripts
Fiscal Year 2026
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Record Q1 LNG production and strong financials, with EBITDA up 16% and net income at $102 million. Strategic review and robust commercial pipeline support plans for a fourth FLNG unit in 2026, with long-term growth and shareholder returns in focus.
Fiscal Year 2025
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Record 2025 results with 52% revenue growth, strong FLNG operations, and $14B EBITDA backlog secured. Outlook projects EBITDA to reach $800M by 2028, with significant upside from commodity-linked contracts and robust shareholder returns.
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Q3 2025 saw strong financial performance, with all FLNG units fully contracted and $17B EBITDA backlog secured. EBITDA is set to quadruple by 2028, supported by robust cash flow, new financing, and a $150M buyback program. Significant growth and upside remain as new projects advance.
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Secured 20-year charters for FLNG units, boosting EBITDA backlog to $17B and cash to $900M. Q2 saw strong revenue and EBITDA growth, with plans to expand the FLNG fleet and maintain robust shareholder returns.
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Secured two 20-year FLNG charters in Argentina, boosting contract backlog to $17B and ensuring long-term EBITDA growth. Q1 2025 saw $63M in revenue, $41M EBITDA, and strong liquidity. Strategic focus remains on FLNG expansion, capital optimization, and capturing commodity upside.
Fiscal Year 2024
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Transitioned to a pure FLNG company, securing long-term contracts and expanding EBITDA backlog to over $11 billion. Strong financials with $241 million EBITDA for 2024, robust cash position, and continued growth in Argentina and Africa.
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Q3 saw the order of a third FLNG, strong operational performance from Hilli, and a commercial reset for Gimi. Financials included $65M revenue, $59M Adjusted EBITDA, and a $35M net loss due to non-cash items. Outlook remains robust with significant growth potential and strong liquidity.
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Q2 2024 saw strong operational and financial performance, with $65M in revenue, $59M adjusted EBITDA, and a robust $11B EBITDA backlog. Major milestones include a 20-year Argentina FLNG contract, Gimi's commercial reset, and imminent Mark II FLNG expansion, supporting ambitious growth to 12+ MTPA by 2030.