Golar LNG Q2 adjusted EBITDA misses estimates

Overview

• Golar Q2 2025 adjusted EBITDA of $49 mln missed analyst expectations, per LSEG data

• Company added $13.7 bln in adjusted EBITDA backlog from FLNG charters

• Golar closed $575 mln convertible senior notes due 2030 offering, repurchased 2.5 mln shares

Outlook

• Golar expects MKII FLNG delivery in Q4 2027

• Company expects regulatory approvals for MKII FLNG within 2025

Result Drivers

• FLNG CHARTERS - Golar added $13.7 bln in adjusted EBITDA backlog from two 20-year FLNG charters with Southern Energy S.A. in Argentina

• COMMODITY UPSIDE - Potential commodity upside of $100 mln per year for every US dollar of offtake above $8/MMBtu

• GIMI OPERATIONS - FLNG Gimi reached Commercial Operations Date, commencing 20-year lease with BP

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the oil & gas transportation services peer group is "buy"

• Wall Street's median 12-month price target for Golar LNG Ltd is $50.50, about 20.4% above its August 13 closing price of $40.19

• The stock recently traded at 33 times the next 12-month earnings vs. a P/E of 33 three months ago

Press Release: ID:nGNE2Z1sK8