Golar LNG (GLNG) Reports Q3 Revenues Above Consensus

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Go back to Golar LNG (GLNG) Reports Q3 Revenues Above Consensus

Interim results for the period ended 30 September 2018

November 5, 2018 8:31 AM EST

Highlights

Golar LNG Limited ("Golar" or "the Company") reports net income of $66.2 million for the third quarter of 2018 ("3Q"). Total operating revenues of $123.1 million reported for the quarter.Adjusted EBITDA1 of $83.5 million for the quarter excluding $77.5 million of unrealized Brent oil linked mark-to-market derivative instrument income.Net financial expenses of $37.8 million including mark-to-market derivatives related to interest and equity swaps of $10.7 million.Completed the sale of initial equity interest in Golar Hilli LLC to Golar LNG Partners LP ("Golar Partners" or the "Partnership").Joint venture Golar Power... More