Golar LNG Limited reported Q3 2025 earnings on 5 November 2025, posting a net income of $31 million—an increase of 94 % from the $16 million net income recorded in Q2 2025. Revenue for the quarter reached $122.54 million, slightly below the consensus range of $121.54 million to $124.67 million, while adjusted EBITDA climbed to $83 million from $49 million in the prior quarter, reflecting a 69 % rise driven largely by the company’s FLNG charter activities.
The earnings release highlighted operational gains that underpin the strong profitability. Realized gains of $14 million were recorded on Hilli’s oil‑ and gas‑linked derivative instruments, split evenly between Brent‑oil and TTF‑linked production‑fee contracts. At the same time, the company reported $13 million in non‑cash losses related to derivative positions, a common accounting adjustment that offsets the realized gains. These items, combined with the continued full‑booking of the existing FLNG fleet, contributed to the sharp rise in adjusted EBITDA and net income.
Golar also strengthened its balance sheet through two significant financing actions. A $500 million senior unsecured notes offering due 2030 was priced on 25 September 2025 and settled on 2 October 2025, providing a low‑cost, long‑term debt facility that supports future FLNG expansion. In addition, a new $150 million share‑buyback program was approved on 4 November 2025, underscoring the company’s commitment to returning value to shareholders.
Management emphasized the strategic importance of the company’s contracted backlog. CEO Karl Fredrik Staubo noted that the existing fleet is now fully contracted for twenty years and that the backlog—currently $17 billion in adjusted EBITDA—provides a clear pathway to increase dividend distributions. He also highlighted the 20‑year charter for the MKII FLNG unit with Southern Energy S.A., which adds significant value to the backlog and positions Golar for continued growth.
The results reinforce Golar’s FLNG‑as‑a‑service model and its ability to generate robust cash flow from long‑term charters. While commodity price volatility remains a headwind, the company’s strong backlog, disciplined financing, and share‑repurchase program signal confidence in its long‑term strategy. The Q3 earnings demonstrate that Golar is well‑positioned to capitalize on the expanding global LNG market and to sustain its growth trajectory.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.