Golar LNG Limited reported Q2 2025 net income of $31 million, with Adjusted EBITDA of $49 million and Total Cash of $891 million. They added $13.7 billion in backlog, and secured a 20-year charter for FLNG Hilli in Argentina and MKII FLNG, both with SESA, with backlogs of $5.7 billion and $8 billion respectively.

FLNG Hilli completed a 20-year charter in Argentina and will undergo upgrades before starting the new charter. The charter includes net charter hire of $285 million per year and a commodity-linked tariff component generating potential upside of $30 million for every dollar above $8/MMBtu.

FLNG Gimi achieved Commercial Operations Date in June 2025, marking the start of its 20-year lease with BP. Golar’s share of net earnings backlog for the contract is expected to be around $3 billion. Stakeholder approvals for a $1.2 billion sale and leaseback facility are pending.

The MKII FLNG conversion project is on schedule, with Golar’s spend at $0.8 billion as of June 2025. SESA reached FID for the charter of the MKII FLNG, with commercial terms including net charter hire of $400 million per year and potential commodity-linked upside for Golar.

SESA, the company form facilitating LNG exports from Argentina, has leading gas producers as shareholders, including Golar. Golar’s 10% ownership in SESA provides additional commodity exposure.

Golar is focusing on securing growth units for its FLNG fleet, working on different designs with prospective shipyards. The demand for FLNG solutions is increasing, and Golar aims to order its next FLNG before securing a charter to drive competitive terms.

Golar’s Q2 2025 financials show net income of $31 million, with Adjusted EBITDA of $49 million. They successfully closed a $575 million convertible bond offering, repurchasing 2.5 million shares. Total Golar Cash stood at $891 million as of June 30, 2025.

Golar’s Contractual Debt as of June 30, 2025, was $2,049 million, with a net debt position of $1,158 million. Assets under development amount to $0.9 billion, related to the MK II FLNG project. They confirm the accuracy of their financial statements and report important events and risks.

Golar’s forward-looking statements address key risks and uncertainties, including potential geopolitical actions, changes in regulations, and market trends. They caution against placing undue reliance on these forward-looking statements, which are subject to uncertainties beyond their control.

Read more at GlobeNewswire: Golar LNG Limited Interim results for the period ended June