Golar LNG Limited Interim announced results for the period ended March 31, 2026.
Recent highlights
- Golar LNG Limited reports Q1 2026 net income attributable to Golar of $84 million inclusive of $37 million of non-cash items1, Adjusted EBITDA1 of $106 million and Total Golar Cash1 of $1.0 billion.
- FLNG Hilli offloaded 150th cargo.
- FLNG Gimi overproduced 19% compared to contractual committed volume.
- MKII construction on time and on budget.
- Southern Energy S.A. (“SESA”) and Securing Energy for Europe (“SEFE”) sign an 8-year LNG supply agreement for up to two million tonnes of LNG per annum, commencing 2027.
- Commercial pipeline expanding and advancing at pace following recent Middle East events. Target to order 4th FLNG within 2026.
- Divested non-core investment in OLT Offshore Toscana S.p.A. and exited remaining FSRU Operation and Maintenance contract.
- Goldman Sachs engaged to evaluate strategic alternatives for the Company.
- Declared dividend of $0.25 per share for the quarter, payable on June 10, 2026, to shareholders of record on June 1, 2026. 101.8 million shares issued and outstanding as of March 31, 2026.
CEO Comment
“Q1 saw solid operational performance with continued 100% economic uptime for the FLNG Hilli and strong operational performance from the FLNG Gimi producing 19% more than the contractual committed volume. The MKII FLNG under conversion progressed according to budget and schedule during the quarter.
Geopolitical events continuing in Ukraine and Russia combined with significant escalation in the Middle East has again driven commodity prices higher and put pressure on the global energy markets. We see strengthening demand for energy security and diversification. This reflects on Golar’s business by driving strong momentum in commercial discussions for incremental FLNG projects as well as increased earnings for our commodity exposure. We are ramping up activities to order our 4th FLNG within 2026 and to secure attractive long term FLNG projects.”