Golar LNG Limited (GLNG)
NASDAQ:GLNG
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Earnings Data
Report Date
Aug 06, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.58Last Year’s EPS
0.24Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented strong operational and financial momentum: record production, Gimi outperformance, 100% Hilli uptime, a $17 billion backlog, meaningful near-term commodity upside ($200–$500M annual in early SESA years), and a clear path to >$800M run-rate EBITDA once three units operate. Balance sheet liquidity (>$1B cash) and a fully equity-funded Mark II to date underpin growth capacity. Risks include seasonality of outperformance, commodity-price dependence, outstanding infrastructure work (Argentina pipeline), outstanding financing instruments, and near-term uncertainty from a strategic review. On balance, highlights substantially outweigh the lowlights, with clear visibility to materially higher contracted earnings and multiple levers to fund future growth.Company Guidance
Record LNG Production Quarter
Q1 was a record quarter for Golar's LNG production: Gimi produced 19% above committed contractual capacity (all-time high) and generated north of $700,000 per day during the quarter; Hilli maintained 100% economic uptime and has now offloaded 152 cargoes.
Strong Financial Results and Growth in Earnings
Total operating revenues were $138 million in Q1; EBITDA increased 16% quarter-over-quarter to $106 million; net income rose significantly to $102 million; the platform generated $274 million LTM EBITDA with only two units operating.
Large Visible Backlog and Future Run-Rate
Backlog stands at $17 billion (before commodity upside and inflationary adjustments) and management expects run-rate EBITDA to exceed $800 million per year once all three units are fully operational.
Commodity Upside Materially Improved
Strong LNG price indices during Q1 increased the value of Golar's commodity exposure by approximately $200 million to $500 million per year in the first three years of SESA operations; estimated ~$100 million annual upside for FOB prices above $8/MMBtu.
Balance Sheet and Liquidity
Total cash of just over $1 billion at quarter end and net interest-bearing debt of around $1.7 billion; Mark II remains unencumbered despite $1.2 billion invested to date (fully equity funded).
Capital Deployment and Shareholder Returns
Declared a quarterly dividend of $0.25 per share for Q1; deployed ~ $200 million across dividends and growth in the quarter, including ~$25 million returned to shareholders and >$134 million invested in FLNG growth projects.
Commercial Progress and Contract Wins
SESA signed an 8-year sale and purchase agreement for 2 million tonnes of Argentina production (1 Mt linked to Brent, 1 Mt to Henry Hub); strong commercial pipeline driving intent to order a fourth FLNG within 2026.
Operational Track Record and Industry Positioning
Golar positioned as the only proven FLNG-as-a-service provider; >185 LNG cargoes delivered with no unplanned downtime; demonstrated CapEx/ton advantage (30–40% cost advantage vs land-based liquefaction) and clear pathway to scale.
Project Execution (Mark II & Argentina Infrastructure)
Mark II remains on budget and schedule (midship fabrication completed at CIMC Yantai); significant pipeline and compressor station contracts for Argentina awarded and progressing, with San Matias equity investment (~$77 million) committed.
Market & Strategic Momentum
Geopolitical disruptions have accelerated demand/urgency for incremental liquefaction capacity; management launched a strategic review to accelerate FLNG growth and expects to maintain a policy of adding at least one FLNG per year.
GLNG Earnings History
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 |
|---|---|---|---|
May 20, 2026 | $55.65 | $55.46 | -0.34% |
Feb 25, 2026 | $44.63 | $42.87 | -3.94% |
Nov 05, 2025 | $40.05 | $39.15 | -2.25% |
Aug 14, 2025 | $39.49 | $39.68 | +0.47% |
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 Aug 06, 2026, Before Open (Confirmed).
What is Golar LNG Limited (GLNG) earnings time?
Golar LNG Limited (GLNG) earnings time is at Aug 06, 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 (Q2) is 0.58.