Golar LNG Limited Reports Q1 2025 Earnings

Golar LNG Limited ( (GLNG) ) has released its Q1 earnings. Here is a breakdown of the information Golar LNG Limited presented to its investors.

Golar LNG Limited is a company specializing in the development and operation of floating liquefied natural gas (FLNG) vessels, playing a significant role in the energy sector by providing innovative solutions for gas monetization.

In its latest earnings report for Q1 2025, Golar LNG Limited announced a net income of $8 million and an adjusted EBITDA of $41 million, alongside a total cash reserve of $678 million. The company highlighted its strategic advancements, including the conclusion of a 20-year charter agreement for its FLNG Hilli with Southern Energy S.A. in Argentina and the signing of agreements for the MKII FLNG project.

Key financial metrics revealed a decrease in net income compared to the previous year, with a notable 85% drop from Q1 2024. Despite this, the company maintained a strong cash position and continued its strategic focus on FLNG projects, including the nearing completion of the FLNG Gimi commissioning and the ongoing conversion of the MKII FLNG vessel. The company also exited the LNG shipping segment, marking a strategic shift towards FLNG operations.

Looking forward, Golar LNG Limited remains optimistic about its growth prospects, driven by its long-term charters and strategic partnerships. The management anticipates significant contributions from its FLNG projects, with a focus on optimizing debt and exploring new opportunities in the FLNG market, ensuring a robust financial outlook for the future.