Quarterly ResultMay 20, 2026, 06:45 AM
Golar LNG Q1 Net Income $84M (+920%); Strategic Review Initiated
AI Summary
Golar LNG reported a strong Q1 2026 with net income attributable to Golar of $84 million, a 920% increase year-over-year, and Adjusted EBITDA of $106 million, up 158%. Total operating revenues rose 120% to $137.5 million. The company initiated a strategic review with Goldman Sachs to evaluate alternatives for accelerating FLNG growth and maximizing shareholder value. Golar also targets ordering a fourth FLNG unit within 2026 and declared a $0.25 per share dividend.
Key Highlights
- Net income attributable to Golar LNG Ltd increased 920% to $83.578 million in Q1 2026.
- Total operating revenues rose 120% to $137.554 million in Q1 2026.
- Adjusted EBITDA increased 158% to $105.576 million in Q1 2026.
- Goldman Sachs engaged to evaluate strategic alternatives for the company.
- Target to order a 4th FLNG unit within 2026.
- Declared a dividend of $0.25 per share, payable June 10, 2026.
- FLNG Gimi overproduced 19% compared to contractual committed volume.
- SESA and SEFE signed an 8-year LNG supply agreement for up to 2 MTPA.
Price Impact
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