Overview

* Golar LNG Q3 net income at $31 mln, adjusted EBITDA misses analyst expectations

* Company announces new $150 mln share buyback program

* Golar enters U.S. bond market with $500 mln offering, repays $190 mln maturing bonds

Outlook

* Golar sees annual EBITDA of $400 mln from MKII FLNG charter with SESA

* Company plans to order long lead equipment for next FLNG in Q4 2025

* Golar targets $1.2 bln financing for FLNG Gimi to close in Q4 2025

Result Drivers

* GIMI OPERATIONS - Gimi operations normalized post-COD equipment tuning, with production frequently exceeding base capacity

* MKII FLNG CHARTER - Final Investment Decision and conditions satisfied for 20-year MKII FLNG charter, securing $8 bln adjusted EBITDA backlog

* BOND MARKET ENTRY - Entered U.S. bond market with $500 mln offering, repaid $190 mln maturing bonds

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 $122.53

Operatin mln

g

Revenue

Q3 Net $45.71

Income mln

Q3 Miss $83.42 $89.80

Adjusted mln mln (5

EBITDA Analysts

)

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the oil & gas transportation services peer group is "buy"

* Wall Street's median 12-month price target for Golar LNG Ltd ( GLNG ) is $51.00, about 20.5% above its November 4 closing price of $40.53

* The stock recently traded at 47 times the next 12-month earnings vs. a P/E of 34 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)