Quarterly ResultAug 13, 2026, 08:58 AM
Golar LNG Q2 Net Income +145% to $38.3M; Orders 4th FLNG Unit
AI Summary
Golar LNG reported strong financial results for Q2 2026, with net income attributable to the company increasing 145% to $38.3 million and total operating revenues growing 72% to $130.5 million. Adjusted EBITDA also saw a significant rise of 159% to $127.4 million. Strategically, the company announced the Final Investment Decision for its 4th FLNG unit, a 3.5 MTPA MKII, with an EPC contract valued at approximately $2.45 billion, and secured a new $600 million Revolving Credit Facility. Operational highlights include FLNG Hilli's 100% uptime over its 8-year contract and FLNG Gimi overproducing by 15%.
Key Highlights
- Net income attributable to Golar LNG Ltd increased 145% to $38.3 million in Q2 2026.
- Total operating revenues rose 72% to $130.5 million in Q2 2026.
- Adjusted EBITDA grew 159% to $127.4 million in Q2 2026.
- Final Investment Decision for a 4th FLNG unit, a 3.5 MTPA MKII, with a $2.45 billion EPC contract.
- Closed a new $600 million senior secured Revolving Credit Facility.
- Declared a quarterly dividend of $0.25 per share, payable September 2, 2026.
- FLNG Hilli completed its 8-year contract with 100% uptime and is repositioning for a 20-year contract.
- FLNG Gimi overproduced by 15% compared to its contractual committed volume.
Price Impact
More from GLNG