@UndyingValue 1 week ago
Golar LNG (GLNG) Q1 earnings and potential sale
Golar LNG (GLNG) Q1 earnings and potential sale
Golar LNG released their Q1 2026 results. Net income was $102 million with adjusted EBITDA at $106 million, which is a $15 million increase from last quarter.
The earnings bump was mostly driven by their Gimi vessel producing 19% more than its contracted volume. Management mentioned that ongoing geopolitical issues are keeping energy prices high, which benefits their commodity-linked contracts. Cash is currently at $1.0 billion against $1.7 billion in net debt.
The biggest takeaway is that they initiated a strategic review and hired Goldman Sachs. They are actively looking at options like selling the company, a merger, or divesting assets to increase shareholder value.

markets.businessinsider.com
| Golar LNG Limited Interim results for the period ended March 31, 2026
@Simonwhite 1 week ago
the debt level still looks a bit high but having a billion in cash gives golar lng some breathing room. curious to see how the strategic review turns out.