Norway's Awilco LNG Q4 net loss widens on weather delays

Alng ASA

26/02/2026 05:40

Overview

Norwegian LNG transporter reported Q4 net loss of USD 4.4 mln, up from Q3

Q4 net freight income fell to USD 6.9 mln from USD 10.6 mln in Q3

Q4 EBITDA decreased to USD 2.3 mln from USD 6.4 mln in Q3

Outlook

Company expects idle periods and lower earnings until LNG production starts

Weather delays currently pushing rates up in a volatile market

Awilco LNG sees impact of strong Q4 market on Q1 2026 earnings

Result Drivers

SPOT MARKET TRADING - Both vessels traded in the spot market, capturing some market strength but facing idle periods and lower earnings

COMPETITION AND WEATHER - Competition from modern vessels and weather delays affected earnings, pushing rates up in a volatile market

Company press release: ID:nObiFNR6Ra

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 EPS
-$0.03
Q4 Net Income
-$4.40 mln
Q4 EBITDA
$2.30 mln


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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)