Golar LNG Q2 Net Income Soars 145% to $38M, Orders 4th FLNG for $2.45B
GLNG sits 54% above its 52-week low of $35.02.
Summary
Golar LNG reported Q2 2026 net income of $38.3M, up 145% year-over-year, with adjusted EBITDA of $127.4M, up 159%. The company also announced a final investment decision for its 4th FLNG unit, signing a $2.45B EPC contract with CIMC Raffles for a 3.5 MTPA MKII unit with delivery expected by end of 2029. This order increases controlled liquefaction capacity by 41% to above 12 MTPA and could boost earnings potential by ~50% if chartered at similar terms to the Esperanza. The FLNG Hilli completed its 8-year Cameroon contract with 100% uptime and is repositioning to Singapore for modifications ahead of a 20-year contract starting 2027. A $0.25 per share dividend was declared, payable September 2, 2026. The strong results and expansion order reinforce Golar's position as the leading FLNG owner, with the new capacity providing a clear growth runway.
At the time of this announcement, GLNG was trading at $54.00 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $5.2B. The 52-week trading range was $35.02 to $57.79. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: GlobeNewswire.