Golar LNG Q1 adjusted EBITDA beats expectations on lower operating costs

Golar LNG

20/05/2026 11:53

Overview

LNG infrastructure provider's Q1 total operating revenue rose 120% yr/yr

Q1 adjusted EBITDA beat analyst expectations, driven by FLNG Gimi overproduction and lower costs

Company initiated strategic review with Goldman Sachs to evaluate alternatives, including potential sale or merger

Outlook

Golar targets ordering its 4th FLNG unit within 2026

Company expects MKII FLNG to deliver $400 mln annual EBITDA over 20 years from H2 2028

Result Drivers

FLNG GIMI OVERPRODUCTION - Q1 earnings benefited from FLNG Gimi producing 19% above its contractual committed volume

LOWER OPERATING COSTS - Reduced operating costs contributed to higher adjusted EBITDA

HIGHER COMMODITY PRICES - Geopolitical events drove commodity prices higher, supporting increased earnings from commodity exposure

Company press release: ID:nGNEHY7D8

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Operating Revenue
$137.55 mln
Q1 Net Income
$101.8 mln
Q1 Adjusted EBITDA
Beat
$105.58 mln
$90.25 mln (6 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the marine freight & logistics peer group is "buy"

Wall Street's median 12-month price target for Golar LNG Ltd is $53.69, about 3.5% below its May 19 closing price of $55.65

The stock recently traded at 77 times the next 12-month earnings vs. a P/E of 53 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)