Golar LNG Ltd. Reports Strong Q1 Performance and Announces Dividend

Golar LNG Ltd., a leading integrated midstream LNG services provider, has released its first-quarter results for 2025, showcasing a robust financial performance and strategic advancements in its operations. The company, which operates as an independent owner and operator of LNG infrastructure, including carriers, floating storage and regasification units (FSRUs), and floating liquefaction (FLNG) vessels, reported a net income attributable to Golar of $8 million for the quarter ended March 31, 2025. Additionally, the company achieved an Adjusted EBITDA of $41 million and maintained a strong liquidity position with Total Golar Cash amounting to $678 million.

In a significant development, Golar has successfully concluded a 20-year charter agreement for the FLNG Hilli with Southern Energy S.A. (“SESA”) in Argentina. This agreement is complemented by a definitive agreement for a 20-year charter of the MKII FLNG to SESA. Together, these charters represent a substantial EBITDA backlog of $13.7 billion, with the FLNG Hilli expected to generate $285 million in annual EBITDA and the MKII FLNG projected to generate $400 million annually. The company also highlighted the potential for additional upside, estimating an increase of $70 million per year for every $1/MMBtu above the $8/MMBtu reference price. Golar’s 10% equity stake in SESA further enhances its commodity exposure, supported by strong legal and regulatory protections.

In line with its financial performance, Golar LNG has declared a cash dividend of $0.25 per share, to be paid on or around June 10, 2025, with a record date of June 3, 2025. This dividend announcement follows the company’s first-quarter report released on May 27, 2025. The implementation of the Central Securities Depository Regulation (CSDR) has been noted, affecting the payment date for a small number of shares registered in certain jurisdictions.

Despite a challenging earnings per share (EPS) performance, with analysts estimating a 63.77% decrease to $0.192 compared to $0.530 in the same quarter of the previous year, Golar’s strategic initiatives and strong cash position position it well for future growth. The company’s focus on securing long-term charters and expanding its LNG infrastructure portfolio underscores its commitment to supporting resource holders, gas producers, and consumers in the oil, gas, and consumable fuels industry.

As Golar LNG continues to navigate the dynamic energy landscape, its recent achievements and strategic partnerships signal a promising outlook for the company and its stakeholders. With a market capitalization of $3.92 billion and a close price of $37.46 as of May 21, 2025, Golar LNG remains a key player in the energy sector, poised for continued success in the midstream LNG services market.