Golar LNG Reported Q2 Revenue Of $75.67M, Vs $70.86M Est

Author: Benzinga Newsdesk | August 14, 2025 04:39am

Financial Summary

On COD the FLNG Gimi asset under development was de-recognized, and a sales-type lease receivable was recognized in the balance sheet. The accounting for a sales-type lease is different to Golar's other commercial agreements, which have typically been accounted for as operating leases. In order to compare the performance of the FLNG Gimi with our wider business, management has determined that it will measure the performance of the FLNG Gimi sales-type lease based on Adjusted EBITDA1, modified by sales-type lease receivable in excess of interest income. This approach allows Golar to review the economic results of FLNG Gimi in a format consistent with FLNG Hilli.

(in thousands of $)	Q2 2025	Q2 2024	% Change	YTD 2025	YTD 2024	% Change
Net income	30,779	35,230	(13)%	43,718	101,725	(57)%
Net income attributable to Golar LNG Ltd	15,639	25,907	(40)%	23,836	81,127	(71)%
Total operating revenues	75,673	64,689	17%	138,175	129,648	7%
Adjusted EBITDA 1	49,255	58,716	(16)%	90,191	122,303	(26)%
Golar's share of Contractual Debt 1	2,048,873	1,197,626	71%	2,048,873	1,197,626	71%

Posted In: GLNG