Golar LNG 2025 Q3 Earnings Record Net Income Surges 227%

Golar LNG (GLNG) reported Q3 2025 earnings on Nov 6, 2025, delivering a net income of $45.71 million, a 227.1% increase from a $35.97 million loss in Q3 2024. Revenue surged 89.1% to $122.53 million, exceeding expectations. Management highlighted a $17 billion EBITDA backlog and plans for a fourth FLNG unit.

Revenue

Golar LNG’s total revenue in Q3 2025 rose to $122.53 million, driven by robust performance across its segments. Liquefaction services accounted for $55.97 million, while sales-type lease revenue contributed $38.71 million. Vessel management fees and other revenues added $27.86 million, reflecting diversified income streams.

Earnings/Net Income

The company turned a $0.33 loss per share in Q3 2024 into $0.31 earnings per share in Q3 2025, a 192.3% improvement. The net income of $45.71 million underscores a significant turnaround, driven by strong operational performance and strategic cost management. This positive swing highlights the company’s resilience and effective execution.

Post-Earnings Price Action Review

The strategy of buying Golar LNG shares after its revenue raise on the financial report release date and holding for 30 days showed favorable performance over the past three years. The cumulative return was 24.8%, with an average annual return of 7.9%. This indicates a solid performance, especially considering the market conditions and the volatility in the energy sector.

Recent price action saw the stock edge down 2.44% in the latest trading day and 2.53% for the week, while gaining 0.84% month-to-date. Post-earnings volatility aligns with broader market trends, though the long-term investment strategy remains compelling.

CEO Commentary

CEO Carl Fredrik Staubo emphasized securing long-term growth amid market challenges, noting the $17 billion EBITDA backlog and plans to order a fourth FLNG unit. The tone was cautiously optimistic, acknowledging cost inflation but highlighting strategic advantages in FLNG technology and strong contractual protections.

Guidance

Management confirmed plans to order long-lead items for the fourth FLNG unit in Q4 2025, targeting similar CAPEX/EBITDA ratios as existing projects. Forward-looking metrics include $400 million in annual EBITDA from the Mark II charter and $1.2 billion in financing for GIMI, expected to close in Q4.

Additional News

Golar LNG announced a $150 million share buyback program, reflecting confidence in its financial position. The company also entered the U.S. bond market with a $500 million offering and retired a $190 million Norwegian bond. These moves strengthen liquidity and shareholder returns. Additionally, plans to finalize the fourth FLNG unit underscore growth ambitions, supported by a $1 billion cash position and disciplined debt management.

The company’s strategic focus on FLNG expansion, coupled with robust contractual protections and cost optimization, positions Golar LNG for sustained profitability. With $17 billion in contracted EBITDA backlog and a clear path to quadruple EBITDA by 2028, the long-term outlook remains bullish despite near-term volatility.