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Golar LNG Limited (NASDAQ:GLNG) reported net income of $101.8 million for the three months ended March 31, 2026, according to its unaudited financial statements filed with the U.S. Securities and Exchange Commission. The company’s total operating revenues for the quarter were $137.6 million, up from $62.5 million in the same period last year.

The increase in revenues was primarily attributed to the commencement of operations of the FLNG Gimi vessel, which began its 20-year lease agreement in June 2025. Sales-type lease revenue from FLNG Gimi totaled $50.0 million for the quarter. Liquefaction services revenue, including both FLNG Hilli and FLNG Gimi, was $56.2 million.

Adjusted EBITDA for the quarter was $105.6 million, compared to $40.9 million for the same period last year. The company’s diluted earnings per share were $0.77, up from $0.08 in the prior year.

The company declared a dividend of $0.25 per share for the quarter, which was paid on June 10, 2026.

Operating expenses for the quarter were $70.4 million, compared to $54.0 million in the first quarter of 2025. The increase was mainly due to higher vessel operating expenses related to the FLNG Gimi and increased depreciation and amortization.

Golar LNG completed several transactions since March 31, 2026, including the sale of its 58% shareholding in Logística e Distribuição de Gás S.A. (LOGAS) for approximately $10.5 million, and the sale of its shareholding in Gaslin S.r.l. for approximately $11,800. The company also contributed $12.4 million to Southern Energy S.A. (SESA) as a capital contribution and $0.9 million to San Matías Pipeline S.A.

As of March 31, 2026, Golar LNG reported cash and cash equivalents of $1.06 billion, including $53.9 million in restricted cash. Total assets were $5.35 billion, and total liabilities were $3.20 billion.

On May 20, 2026, at the company’s annual general meeting, shareholders re-elected all current directors and approved the re-appointment of Ernst & Young LLP as independent auditors. Carl Steen was appointed Lead Independent Director.

This article is based on statements and data provided in Golar LNG Limited’s SEC filing.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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