A Bermuda-based energy company that converts ordinary ships into floating factories that turn natural gas into LNG out at sea, serving oil and gas producers who can't easily build onshore plants. The name Golar is a shortened form of Gotaas-Larsen, the shipping line that traces back to 1946 and later became part of this venture in 2001. It claims a fun maritime first: in 2018 its vessel Hilli Episeyo became the world's first converted FLNG ship.
Golar LNG reports Q2 2026 results with revenue from FLNG operations and related-party contracts
Golar LNG filed its interim financial statements for the six months ended June 30, 2026, as a Form 6-K.
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Revenue streams include liquefaction services, sales-type leases, vessel management fees, and time and voyage charters, with related-party transactions noted.
The company has an engineering, procurement, and construction agreement with CIMC Raffles for the FLNG Esperanza project, with a subsequent event dated August 12, 2026.
A senior secured revolving credit facility was amended on August 3, 2026, as a subsequent event.
Golar holds investments in entities such as Southern Energy S.A. (SESA), Logistica e Distribuicao de Gas S.A. (LOGAS), and others, with equity method accounting.
Golar LNG orders 4th FLNG unit from CIMC Raffles for 2029 delivery
Golar LNG executed an EPC agreement with Yantai CIMC Raffles Offshore Limited for its fourth FLNG vessel, a second MKII design with 3.5 MTPA liquefaction capacity.
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The project has a total budget of approximately US$2.45 billion delivered to its prospective site, with delivery expected by year end 2029.
The FLNG will be the earliest available FLNG capacity globally, and a donor vessel for the conversion has been secured.
Black & Veatch will provide PRICO® liquefaction technology, detailed engineering, topside equipment procurement, and commissioning support.
Golar's controlled liquefaction capacity will increase by about 40% to above 12 MTPA, and advanced commercial discussions for a long-term charter are in progress.
The RCF is secured by Golar's investment in the MKII FLNG currently being converted in China to serve a 20-year contract with Southern Energy S.A. in Argentina.
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Golar LNG Limited announced the successful closing of a new $600 million senior secured Revolving Credit Facility (RCF) on August 3, 2026.
The facility is backed by a consortium of banks including ABN AMRO, Citibank, Danske Bank, and Standard Chartered Bank.
The RCF is intended to strengthen Golar's balance sheet flexibility and facilitate further FLNG growth.
Golar LNG reports Q1 2026 net income of $101.8M, up from $12.9M year-over-year
Net income for Q1 2026 was $101.8 million, compared to $12.9 million in Q1 2025.
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Adjusted EBITDA rose to $105.6 million in Q1 2026 from $40.9 million in Q1 2025.
In April 2026, Golar completed the sale of its 58% stake in LOGAS for BRL 55.0 million (~$10.5 million) and sold its entire stake in Gaslin for EUR 10,000.
Golar contributed $12.4 million to SESA in April 2026 and $0.9 million to San Matías in May 2026, both for Argentina FLNG infrastructure.
A dividend of $0.25 per share for Q1 2026 was declared on May 20, 2026 and paid on June 10, 2026.
At the May 20, 2026 AGM, shareholders re-elected eight directors and re-appointed Ernst & Young LLP as auditors.
Golar LNG Q1 2026 net income $84M, up 920% YoY; declares $0.25 dividend
Q1 2026 net income attributable to Golar was $83.6 million, up from $8.2 million in Q1 2025; Adjusted EBITDA was $105.6 million, up from $40.9 million.
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Total operating revenues more than doubled to $137.6 million, driven by FLNG Gimi overproduction (19% above contractual volume) and higher commodity-linked derivative gains.
Declared a dividend of $0.25 per share, payable June 10, 2026, to shareholders of record on June 1, 2026; 101.8 million shares outstanding.
Goldman Sachs engaged to evaluate strategic alternatives, including a possible sale, merger, or divestiture; no assurance of any transaction.
Signed an 8-year LNG supply agreement with SEFE for up to 2 million tonnes per annum, commencing 2027; target to order a 4th FLNG within 2026.
Divested 2.69% stake in OLT Offshore LNG Toscana for $3.1 million and exited remaining FSRU O&M contract; entered 10% equity interest in San Matías Pipeline S.A.