Golar LNG Delivers $13.7 Billion EBITDA Backlog, Secures $17 Billion in New Charters and Raises $575 Million in Convertible Bonds

Golar LNG reported Q2 2025 earnings with a $13.7 billion increase in EBITDA backlog, a projected fourfold increase in adjusted EBITDA, and new twenty-year charters. The company finalized a twenty-year redeployment charter for the Hilli FLNG unit and signed definitive agreements for Mark II FLNG. Golar LNG's balance sheet is reinforced with nearly $900 million in cash.

Golar LNG Limited (NasdaqGS: GLNG) has reported its Q2 2025 earnings, highlighting significant growth and strategic milestones. The company reported a $13.7 billion increase in adjusted EBITDA backlog, a projected fourfold increase in adjusted EBITDA, and secured new twenty-year charters. Additionally, Golar LNG's balance sheet is reinforced with nearly $900 million in cash.

The quarter saw Golar LNG finalize a twenty-year redeployment charter for the Hilli FLNG unit and sign definitive agreements for the Mark II FLNG. The Hilli unit, which is currently in the process of offloading its eighth cargo, is scheduled to enter a yard for upgrades and life extension work before arriving in Argentina for its 20-year charter with Southern Energy S.A. (SESA) in Q2 2027.

Golar LNG also announced that Southern Energy S.A. reached the final investment decision (FID) for the charter of the 3.5 MTPA Mark II FLNG. The key commercial terms for the 20-year charter agreement include net charter hire to Golar of $400 million per year, equal to $8 billion over the charter period. The Mark II FLNG is expected to be delivered in Q4 2027 and will be moored in the San Matías Gulf near the Hilli.

The company's balance sheet is bolstered by a $575 million convertible bond offering and a $102.97 million share repurchase of 2.5 million shares. This funding will support Golar LNG's ongoing FLNG fleet growth and strategic initiatives.

Golar LNG's strong financial performance and strategic moves position it favorably in the LNG market, driven by increasing demand for FLNG solutions. The company's focus on securing attractive FLNG growth units and optimizing its asset level debt further strengthens its financial position.

References:
[1] https://www.marketscreener.com/news/golar-lng-q2-adjusted-ebitda-misses-estimates-ce7c51d8d08cff22
[2] https://www.globenewswire.com/news-release/2025/08/14/3133232/0/en/Golar-LNG-Limited-Interim-results-for-the-period-ended-June-30-2025.html