Golar LNG (GLNG) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Jun 02, 2026

Before Open (Confirmed)

Period Ending

2026 (Q1)

Consensus EPS Forecast

0.38

Last Year’s EPS

0.4

Same Quarter Last Year

Analyst Consensus

Moderate Buy

Based on 2 Analysts Ratings

Earnings Call Summary

Q4 2025

Earnings Call Date:Feb 25, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The earnings call emphasized a strong operational and commercial quarter with record execution: material backlog wins, clear path to significantly higher long-term EBITDA (~$800 million) and improved liquidity through financings. Key operational strengths include 100% Hilli uptime, Gimi producing above contracted volumes, progress on Mark II conversion, and confirmed yard pricing for growth designs. Management also highlighted active shareholder returns and multiple financing levers. Primary concerns discussed were near-term cash-flow timing before full Argentina operations, cost inflation for top-side equipment (and Mark III), execution risk on redeployment/conversion caps, debt levels and financing costs, and commodity-price exposure which can materially swing earnings. Overall, the positives (backlog, operational outperformance, financings, growth visibility and shareholder returns) substantially outweigh the manageable short-term risks and execution/market-valuation uncertainties.

Company Guidance

Management guided that once the fleet is fully delivered and on long‑term charters Golar expects adjusted EBITDA to grow to about $800 million and free cash flow to reach roughly $500 million/year (≈$5/share) before commodity upside, with an EBITDA backlog of ~$17 billion (and ~$14 billion secured in 2025 for the two Argentina 20‑year contracts); near‑term cadence: Hilli’s Cameroon charter ends July 2026, yard work in Singapore and redeployment to start its Argentina charter in 2H‑2027 (expected to contribute $285 million/year, $5.7 billion over 20 years), Mark II is ~50% complete with $1.1 billion spent of a $2.2 billion conversion scope (equity‑funded), on budget and due for delivery YE‑2027/start of Argentina contract in 1H‑2028 (expected $400 million/year), and Gimi (70% ownership) is producing above contract and yields ~$150 million/year; other key metrics: Q4 adjusted EBITDA $91 million and FY adjusted EBITDA ~$265 million, cash ~$1.2 billion, gross debt ~$2.7 billion, net debt ~$1.5 billion (net debt/EBITDA ~3.4x when fully delivered), market cap ~$4.5 billion, ~101 million shares outstanding, 3.6 million shares repurchased in 2025 (Q4 buyback 1.1 million at $37.76 avg), remaining buyback capacity ~$190 million, recent financings include a $1.2 billion bank facility and a $500 million 7.5% bond, SESA investments ≈$500 million-to-date, and commodity exposure that adds ≈$100 million of EBITDA for every $1/MMBtu above $8 FOB Argentina (≈$28 million downside per $1 below SESA breakeven), with illustrative upside of ~$2.7 billion/year at 2022 price levels or ~+$200 million/year at current prices.

Record Year of Execution & Backlog

Secured ~$14 billion in EBITDA backlog across two 20-year Argentina contracts during 2025; group adjusted EBITDA backlog stands at $17 billion before commodity and inflation adjustments. Management projects long-term adjusted EBITDA of ~ $800 million per year once fleet is fully delivered and under long-term contracts.

Strong Financial Performance — Revenue and Earnings Growth

Total operating revenues reached $133 million in Q4 and $394 million for FY2025, an increase of over 52% versus 2024. Reported net income was $23 million in Q4 and $113 million for the year, up ~40% versus 2024. Q4 adjusted EBITDA was $91 million and FY adjusted EBITDA totaled $265 million.

Robust Balance Sheet and Liquidity Actions

Year-end cash balance approximately $1.2 billion; gross debt $2.7 billion and net debt $1.5 billion. Completed financings totaling $1.7 billion in the quarter (a $1.2 billion bank refinancing and a $500 million U.S. unsecured bond at 7.5% coupon), and released ~ $400 million in net liquidity from the refinancing.

Operational Excellence — Hilli & Gimi

Hilli maintained 100% economic uptime and produced its 10 millionth tonne of LNG since 2018; recognized $2.5 million of excess earnings over contracted volumes. Gimi reached commercial operations in June 2025, is producing above contracted volumes, and invoiced Q4 day rate ~3% above contractual rate.

Progress on Mark II Conversion

Mark II conversion ~50% complete with ~$1.1 billion of the ~$2.2 billion conversion scope spent (all equity funded to date). Construction on budget and on schedule for delivery by year-end 2027; surpassed 6 million man-hours without lost time injuries.

Shareholder Returns and Capital Allocation

Returned ~$250 million to shareholders in 2025 (dividends $103 million and buybacks $144 million). Repurchased and canceled 3.6 million shares during 2025; Q4 buyback of 1.1 million shares at an average price of $37.76. Declared a $0.25 per share dividend (record March 9, payment March 18).

Commercial & Infrastructure Developments

Signed LOI for an 8-year offtake for first 2 million tonnes in Argentina with SEFE (1 mt linked to Brent, 1 mt linked to Henry Hub + premium). SESA has awarded ~ $500 million in investments for pipeline, support vessels and land-based infrastructure; pipeline contracts for compressors and line pipe awarded in December 2025.

Yard Availability & Growth Design Pricing Confirmed

Confirmed yard availability and pricing in Q4 for three growth designs (2–5 mtpa range). Conversions (Mark I/II) retain attractive CapEx per tonne and ~3-year conversion timeline; Mark III has longer delivery timeline but remains an assessed option.

Golar LNG (GLNG) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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GLNG Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jun 02, 2026	2026 (Q1)	0.38 / -	0.398	―	―	―
Feb 25, 2026	2025 (Q4)	0.42 / 0.12	0.38	-68.42% (-0.26)
Nov 05, 2025	2025 (Q3)	0.41 / 0.48	0.513	-6.43% (-0.03)
Aug 14, 2025	2025 (Q2)	0.22 / 0.24	0.4	-40.00% (-0.16)
May 27, 2025	2025 (Q1)	0.19 / 0.40	0.478	-16.74% (-0.08)
Feb 27, 2025	2024 (Q4)	0.38 / 0.38	0.977	-61.11% (-0.60)
Nov 12, 2024	2024 (Q3)	0.40 / 0.51	0.53	-3.21% (-0.02)
Aug 15, 2024	2024 (Q2)	0.42 / 0.40	0.529	-24.39% (-0.13)
May 28, 2024	2024 (Q1)	0.40 / 0.48	0.69	-30.72% (-0.21)
Feb 29, 2024	2023 (Q4)	0.52 / 0.98	0.83	17.71% (+0.15)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

GLNG Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 25, 2026	$44.87	$43.10	-3.94%
Nov 05, 2025	$40.53	$39.62	-2.25%
Aug 14, 2025	$39.96	$40.15	+0.47%
May 27, 2025	$37.29	$38.66	+3.65%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Golar Lng Limited (GLNG) report earnings?

Golar Lng Limited (GLNG) is schdueled to report earning on Jun 02, 2026, Before Open (Confirmed).

What is Golar Lng Limited (GLNG) earnings time?

Golar Lng Limited (GLNG) earnings time is at Jun 02, 2026, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

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What companies are reporting earnings today?

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What is GLNG EPS forecast?

GLNG EPS forecast for the fiscal quarter 2026 (Q1) is 0.38.