Golar LNG Ltd. Files 6-K for Q2 2024 Financials

TL;DR

Golar LNG dropped its Q2 2024 6-K, showing revenue segments for liquefaction and charters.

AI Summary

Golar LNG Ltd. filed a 6-K report for the period ending June 30, 2024. The filing includes financial data for the first six months of 2024 and 2023, detailing revenues from Liquefaction Services, Vessel Management Fees, and Time and Voyage Charters. Specific dollar amounts for these segments are not detailed in the provided text, but the report covers the period from January 1, 2024, to June 30, 2024.

Why It Matters

This filing provides investors with an update on Golar LNG's financial performance and operational segments for the second quarter of 2024, offering insights into revenue streams from liquefaction and vessel chartering.

Risk Assessment

Risk Level: low — This is a routine financial filing (6-K) providing an update on financial data and operational segments, not indicating any immediate material changes or risks.

Key Numbers

• 2024-06-30 — Reporting Period End Date (Indicates the end of the financial period covered by the report.)
• 2024-01-01 — Reporting Period Start Date (Indicates the beginning of the financial period covered by the report.)

Key Players & Entities

• Golar LNG Ltd. (company) — Filer of the report
• 0001207179-24-000009 (filing_id) — Accession number for the filing
• June 30, 2024 (date) — End of the reporting period
• 2024-01-01 (date) — Start of the reporting period
• 2023-06-30 (date) — Comparative reporting period end

FAQ

Key Financial Figures

• $220 million — Golar expects to receive approximately $220 million across 2024 and 2025 in pre-COD compens
• $130 million — lestone bonuses, of which approximately $130 million will be invoiced in 2024. The $110 mill
• $110 million — 0 million will be invoiced in 2024. The $110 million that Golar has paid bp in liquidated da
• $300 m — o generate an annual Adjusted EBITDA of $300 million, before the commodity-linked earn
• $0.25 — August 2024, we declared a dividend of $0.25 per share in respect of the three month
• $1.2 million — ation and amortization: The increase of $1.2 million for the six months ended June 30, 2024
• $5.0 million — -lived assets: The impairment charge of $5.0 million for the six months ended June 30, 2023
• $15.2 m — ll the Gandria for net consideration of $15.2 million, which resulted in an impairment
• $89.9 million — LTA. The increase of unrealized gain of $89.9 million resulted in an unrealized gain for the
• $89.3 million — The decrease in unrealized MTM loss of $89.3 million for the six months ended June 30, 2024
• $1.5 million — re attributable to us). The increase of $1.5 million in unrealized MTM loss for the six mont
• $36.90 — our NFE Shares at a price range between $36.90 and $40.38 per share for an aggregate c
• $40.38 — res at a price range between $36.90 and $40.38 per share for an aggregate consideratio
• $45.6 million — share for an aggregate consideration of $45.6 million and used our remaining 4.1 million NFE
• $62.3 million — hich resulted in realized MTM losses of $62.3 million for the six months ended June 30, 2023.

Filing Documents

• glng-20240630.htm (6-K) — 1282KB
• 0001207179-24-000009.txt ( ) — 8733KB
• glng-20240630.xsd (EX-101.SCH) — 87KB
• glng-20240630_cal.xml (EX-101.CAL) — 107KB
• glng-20240630_def.xml (EX-101.DEF) — 486KB
• glng-20240630_lab.xml (EX-101.LAB) — 695KB
• glng-20240630_pre.xml (EX-101.PRE) — 599KB
• glng-20240630_htm.xml (XML) — 1258KB

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized. GOLAR LNG LIMITED (Registrant) Date: August 16, 2024 By: /s/ Eduardo Maranho Name: Eduardo Maranho Title: Principal Financial Officer UNAUDITED INTERIM FINANCIAL REPORT

Forward-Looking Statements

Forward-Looking Statements Matters discussed in this Report may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. We desire to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and are including this cautionary statement in connection with this safe harbor legislation. This Report and any other written or oral statements made by us or on our behalf may include forward-looking statements, which reflect our current views with respect to future events and financial performance. When used in this Report, the words "believe," "anticipate," "intend," "estimate," "forecast," "projected," "plan," "potential," "continue," "will," "may," "could," "should," "would," "expect" and similar expressions identify forward-looking statements. The forward-looking statements in this Report are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, management's examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections. As a result, you are cautioned not to rely on any forward-looking statements. In addition to these important factors and matters discussed els

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations The following is a discussion of our financial condition and results of operations for the six months ended June 30, 2024 and 2023. Throughout this Report, unless the context indicates otherwise, the "Company", "Golar", "Golar LNG", "we", "us" and "our" all refer to Golar LNG Limited or any one or more of its consolidated subsidiaries, including Golar Management Limited, or to all such entities. References to "Avenir" refer to our affiliate Avenir LNG Limited (Norwegian OTC: AVENIR) and to any one or more of its subsidiaries. References to "NFE" refer to New Fortress Energy Inc. (Nasdaq: NFE), the third-party purchaser of our former affiliates, Golar LNG Partners LP and Hygo Energy Transition Ltd, which acquisition closed on April 15, 2021. References to "CoolCo" refer to Cool Company Ltd (Euronext Growth/NYSE: CLCO) and to any one or more of its subsidiaries. Unless otherwise indicated, all references to "USD" and "$" in this Report are to U.S. dollars. You should read the following discussion and analysis together with the unaudited consolidated financial statements and related notes included elsewhere in this Report. For additional information relating to our operating and financial review and prospects, including definitions of certain terms used herein, please see our 2023 Annual Report. Overview Our strategy is to provide market leading FLNG operations and focus our balance sheet flexibility to maximize shareholder returns through accretive FLNG projects. We offer gas resource holders a proven, quick and low-cost delivering solution to monetize stranded gas reserves. Our industry leading FLNG operational track record and FLNG growth prospects allow gas resource holders, developers and customers a low-cost, low-risk, quick-delivering solution for natural gas liquefaction. Recent and Other Developments In addition to the other information set forth in this Report on F

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View this 6-K filing on SEC EDGAR