Golar LNG Limited Q2 2025 Earnings Recap

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.