EarningsQ2 2026 Earnings Report
MX:GLNGN Q2 2026 EPS Results
Actual EPS$12.90
Consensus EPS$9.93
Beat/MissBeat by +$2.96
One Year Ago EPS$4.36
MX:GLNGN Q2 2026 Revenue Results
Actual Revenue$2.37B
Expected Revenue$2.38B
Beat/MissMissed by -$14.84M
YoY Revenue Growth+72.42%
Earnings Announcement Details
QuarterQ2 2026
Date08/13/2026
TimeBefore Open
Conference CallThursday, August 13, 2026
MX:GLNGN Upcoming Earnings
Golar LNG's next earnings date is estimated for November 11, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:GLNGN Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a strongly positive operational and strategic outlook: Golar announced a fourth FLNG order that materially increases controlled capacity (+41%), reported solid Q2 financials (EBITDA +20% QoQ), and highlighted significant commodity upside and a $17 billion contracted EBITDA backlog. Key execution highlights include Hilli's 100% economic uptime, Gimi producing ~15% above contract, and Esperanza 74% complete and on track. Risks include elevated CapEx (≈+10% vs prior unit) and pronounced long-lead equipment and shipyard constraints (some long-lead cost inflation 40%–60%), multi-year delivery timelines (~38–40 months), and ongoing funding/timing dependencies tied to asset-level financing and charter awards. Overall, positives (growth orders, backlog, robust operations, liquidity measures and commodity upside) outweigh the challenges (inflation, supply-chain and timing uncertainties).Company Guidance
Fourth FLNG Order — Material Capacity Expansion
Signed firm order for a fourth Mark II FLNG to be delivered in 2029; increases Golar-controlled liquefaction capacity by 41% (from 8.6 to >12.0 Mtpa) and is positioned as the world's earliest available liquefaction capacity (1–2 years ahead of alternatives). Order includes an option for an incremental Mark II and an LOI with Seatrium for further growth.
Substantial EBITDA Backlog and Upside
Total EBITDA backlog of $17 billion before commodity upside and inflationary adjustments; assuming #4 is contracted on Esperanza-like terms, potential to increase contracted earnings capacity by ~50% (to north of $1.2 billion annual EBITDA by 2030).
Strong Operational Performance
Gimi produced ~15% above contracted volumes in Q2 (41st cargo delivered); Hilli completed an 8-year contract with 100% economic uptime and 156 cargoes delivered; total fleet has delivered 197 LNG cargoes to date.
Q2 Financial Results — QoQ EBITDA Growth
Total operating revenue of $130 million in Q2; EBITDA increased ~20% quarter-on-quarter to $127 million (from $106 million in Q1); net income of $56 million for the quarter and $158 million year-to-date; declared quarterly dividend of $0.25 per share.
Liquidity and Financing Flexibility
Cash of approximately $900 million and net interest-bearing debt of ~$1.8 billion at quarter end; closed an undrawn $600 million revolving credit facility in July; total available liquidity ~ $1.5 billion. Management estimates asset-level financing could release ~ $2.3 billion of incremental liquidity.
Esperanza Conversion Progress
FLNG Esperanza (Mark II under construction) is ~74% complete with >15 million manhours and no lost time incidents; project remains on time and on budget, sail-away targeted by year-end 2027 and start-up in Argentina in H2 2028; ~$1.3 billion of equity invested to date of a $2.2 billion budget.
Commodity Upside Potential
Commodity-linked fee structure: 25% of FOB prices above $8/MMBtu for Hilli and Esperanza; management notes every $1/MMBtu above $8 can generate up to ~$100 million incremental annual earnings. Illustrative EBITDA: ~$1.2B at $8/MMBtu, ~$1.4B at $10/MMBtu, ~$1.9B at $15 (next-year forward), and up to ~$4B under 2022 price scenarios.
Market Leadership & Replicable Growth Model
Regained position as market-leading FLNG owner by controlled liquefaction capacity; only proven provider of FLNG-as-a-service; secured pathway for scalable growth through repeat design, shipyard options (CIMC and Seatrium) and incremental long-lead equipment options.
MX:GLNGN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed