Golar LNG Limited Earnings Recaps
Q3 2025
Nov 6, 2025
Golar LNG Limited reported a historic Q3 2025, achieving significant milestones with a fully contracted fleet and a $17 billion EBITDA backlog, setting a solid foundation for future growth.
Key takeaways
- Successfully completed the final FID and satisfied all conditions precedent for the Mark II's 20-year charter in Argentina, contributing $8 billion to the firm's EBITDA backlog.
- Established a robust cash position of $1 billion while reducing net debt to approximately $1.4 billion after concluding over $1 billion in new corporate debt facilities.
- Maintained a market-leading operational track record with Hilli achieving 100% economic uptime, generating $51 million of adjusted EBITDA during the quarter.
- Advanced plans for a fourth FLNG unit, with approval for ordering long lead items, targeting completion and operational readiness by 2028.
- Implemented a $150 million share buyback program, reflecting ongoing commitment to shareholder returns.
Q2 2025
Aug 14, 2025
Golar LNG delivered a strong performance in Q2 2025, highlighted by securing a 20-year charter for the Hilli and achieving significant milestones for the Mark II FLNG, bolstering its financial position with a $575 million convertible bond issuance.
Key takeaways
- Secured a 20-year redeployment charter for Hilli in Argentina, adding $5.7 billion to EBITDA backlog.
- Issued $575 million in convertible bonds, increasing total cash reserves to nearly $900 million.
- Fully contracted existing fleet for 20 years, resulting in a substantial EBITDA backlog of $17 billion before commodity upside.
- Reached commercial operations for the Gimi FLNG, marking a critical phase for the project.
- Actively pursuing a fourth FLNG unit, with agreements in place on EPC pricing and expected delivery timelines.