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@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.
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@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.