Quarterly ResultMay 20, 2026, 08:42 AM
Golar LNG Q1 Net Income +920% to $83.6M; Adjusted EBITDA +158% to $105.6M
AI Summary
Golar LNG reported strong Q1 2026 financial results, with net income attributable to Golar increasing 920% year-over-year to $83.6 million and Adjusted EBITDA rising 158% to $105.6 million. Total operating revenues also saw a significant increase of 120% to $137.6 million. The company announced a dividend of $0.25 per share and initiated a strategic review with Goldman Sachs to explore alternatives for accelerating FLNG growth and maximizing shareholder value. Operational highlights include FLNG Hilli offloading its 150th cargo and FLNG Gimi overproducing by 19%.
Key Highlights
- Net income attributable to Golar LNG Ltd increased 920% to $83.6 million in Q1 2026.
- Adjusted EBITDA rose 158% to $105.6 million in Q1 2026.
- Total operating revenues grew 120% to $137.6 million in Q1 2026.
- Company declared a dividend of $0.25 per share for the quarter.
- FLNG Gimi overproduced 19% compared to its contractual committed volume.
- Divested 2.69% shareholding in OLT Offshore LNG Toscana S.p.A. for $3.1 million.
- Targeting to order a 4th FLNG unit within 2026.
- MKII FLNG conversion project is on schedule and budget, with $1.2 billion spent to date.
Price Impact
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