Financial Data and Key Metrics Changes - The company reported total operating revenues of $63 million for Q1 2025, with FLNG tariffs reaching $73 million during the quarter [36] - Total EBITDA for Q1 was $41 million, driven largely by lower Brent and TTF prices, with a twelve-month EBITDA of $218 million [37] - The net income for the quarter was $13 million, consistent with the previous quarter, including $32 million of non-cash items [38] - The company declared a dividend of $0.25 per share, equating to approximately $105 million annually [38] Business Line Data and Key Metrics Changes - The Hilli FLNG maintained a 100% operational uptime and has delivered 132 cargoes since 2018, producing over 9.2 million tonnes of LNG [5][6] - The Gimi FLNG is in the final stage of commissioning, with a contractual EBITDA of $151 million based on 90% capacity utilization [7] - The Mark II FLNG conversion is progressing well, with a projected delivery by the end of 2027 [9] Market Data and Key Metrics Changes - The company has a market cap of approximately $4 billion and total net debt of under $100 million, with a net debt to EBITDA ratio of around 2.8x [5] - The LNG market is expected to grow significantly, with the U.S. being the largest producer, holding a 23% market share [21] Company Strategy and Development Direction - Golar LNG aims to transform into a market-leading infrastructure company with a focus on FLNG services, supported by a backlog of over $17 billion in EBITDA [11][72] - The company is targeting opportunities with competitive wellhead gas to secure attractive base tariffs with commodity upside participation [30] - The strategic focus includes risk mitigation in Argentina through regulatory frameworks and long-term contracts [19][20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's growth potential, citing a strong backlog and favorable market conditions for LNG [60][67] - The board is open to exploring strategic alternatives if the share price does not reflect the company's value over time [90][94] Other Important Information - The company has fully exited LNG shipping with the sale of Golar Arctic and its equity stake in Avenir LNG [4] - The company is in discussions for potential new FLNG units and is ramping up shipyard activity to safeguard construction timelines [30][79] Q&A Session Summary Question: Could you touch on the overall commercial strategy for offtake on the Argentina projects? - The strategy involves a mix of Brent, JKM, and TTF linked volumes, with some left for spot sales, targeting high-paying countries near Argentina [76] Question: Is there any additional upside on the Argentina contracts for excess production? - The contracts are for full capacity, with no additional upside for excess production, similar to the Gimi contract [78] Question: When do you start thinking about ordering long lead items for another new build? - For conversions, the timeline is approximately three years, while new builds take about four years [79] Question: What is the JV's breakeven price for the commodity exposure? - The breakeven is assumed to start at $7.5, with upside from $8, and Golar is liable for 10% of the required investments for infrastructure [81][82] Question: Is the company considering strategic alternatives if the share price remains low? - The board is focused on creating value for shareholders and will consider options if the share price does not reflect the company's value over time [90][94] Question: Can you clarify any remaining CapEx associated with Gimi? - No material payments are expected in the second quarter, with revenues from Gimi to start contributing to the P&L upon commencement of operations [95]

Financial Data and Key Metrics Changes - The company achieved total operating revenues of $63 million in Q1 2025, with FLNG tariffs reaching $73 million for the quarter [34] - Total EBITDA for Q1 was $41 million, driven largely by lower Brent and TTF prices, with a twelve-month EBITDA of $218 million [35] - The net income for the quarter was $13 million, consistent with the previous quarter, including $32 million of non-cash items [36] - The company maintains a strong liquidity position with approximately $680 million in cash at the end of the quarter [36] Business Line Data and Key Metrics Changes - The Hilli FLNG unit maintained a 100% operational uptime and has delivered 132 cargoes since 2018, producing over 9.2 million tonnes of LNG [4][5] - The Gimi FLNG is in the final stages of commissioning, with a contractual EBITDA of $151 million based on 90% capacity utilization [6] - The Mark II FLNG conversion is progressing well, with a projected delivery by the end of 2027 [8][9] Market Data and Key Metrics Changes - The global LNG market is projected to grow significantly, with the U.S. being the largest producer, holding a 23% market share [21] - The delivered price of U.S. export projects is above $10 per MMBtu, while Golar's contracts in Argentina have a gross tariff of around $2.45 per MMBtu [22][24] Company Strategy and Development Direction - Golar LNG is focused on becoming a market-leading infrastructure company with a significant backlog of contracts, currently standing at $17 billion [11][69] - The company aims to secure additional FLNG units and is in discussions for potential projects with competitive wellhead gas [29] - The strategic focus includes risk mitigation through regulatory frameworks and maintaining a strong position in the LNG market [19][20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's growth potential, citing a robust backlog and favorable market conditions for LNG [66] - The company anticipates significant additional EBITDA contributions from commodity price increases, with a focus on long-term contracts [15][17] - Management highlighted the importance of maintaining a strong team and innovative approaches to capture market opportunities [59][62] Other Important Information - The company declared a dividend of $0.25 per share for the quarter, with a record date of June 3 and payment scheduled for June 10 [36] - Golar has fully exited LNG shipping with the sale of Golar Arctic and its equity stake in Avenir LNG [3] Q&A Session Summary Question: Could you touch on the overall commercial strategy for offtake on the Argentina projects? - The strategy involves a mix of Brent, JKM, and TTF linked volumes, with some left for spot sales, targeting high-paying countries near Argentina [74] Question: Is there any additional upside on the base charter rate for excess production similar to the Gimi contract? - No, the charter for the Argentina project is for full capacity, with earnings above 90% captured through the shareholding in Southern Energy [76] Question: When do we start thinking about ordering the long lead items for another new build? - For Mark I and II, the conversion time is approximately three years, while Mark III would take about four years [77] Question: How do we think about the JV's breakeven price for the commodity exposure? - The breakeven is assumed to start at $7.5, with upside from $8, and Golar is liable for 10% of the required investments by CESA [78] Question: Is the company currently considering strategic alternatives if the share price stays low? - The focus remains on running the business, but the board will consider options if the share price does not reflect the company's value over time [84][90] Question: Can you clarify around any remaining CapEx associated with Gimi? - No material payments are expected in the second quarter, with revenues from Gimi to start contributing to the P&L upon commencement of operations [92]

FIRST QUARTER 2025 RESULTS AND UPDATE May 27, 2025 Golar LNG Limited 2025 I 1 Golar LNG Limited 2025 I 2 Forward looking statements This press release contains forward-looking statements (as defined in Section 21E of the Securities Exchange Act of 1934, as amended) which reflects management's current expectations, estimates and projections about its operations. All statements, other than statements of historical facts, that address activities and events that will, should, could or may occur in the future ar ...

Core Viewpoint - The article emphasizes the importance of identifying sustainable trends in short-term investing, highlighting that while price momentum can be profitable, it requires solid fundamentals to maintain that momentum [1][2]. Group 1: Stock Performance - Golar LNG (GLNG) has shown a solid price increase of 4.2% over the past 12 weeks, indicating investor confidence in its potential upside [4]. - Over the last four weeks, GLNG's price has increased by 26%, suggesting that the upward trend is still intact [5]. - Currently, GLNG is trading at 90.8% of its 52-week high-low range, indicating a potential breakout [6]. Group 2: Fundamental Strength - GLNG holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, which are critical for near-term price movements [6][7]. - The Average Broker Recommendation for GLNG is also 1 (Strong Buy), reflecting strong optimism from the brokerage community regarding its near-term price performance [7]. Group 3: Investment Strategy - The "Recent Price Strength" screen is a useful tool for identifying stocks like GLNG that have sufficient fundamental strength to sustain their recent uptrends [3][8]. - The article suggests that investors should consider other stocks that pass through this screening process, as there are multiple options available that fit the criteria for potential investment [8].

Group 1 - Golar LNG will release its 1st Quarter 2025 results before NASDAQ opens on May 21, 2025 [1] - A webcast presentation will take place at 1:00 P.M (London Time) on the same day [1] - The presentation will be available for download from the Investor Relations section of the company's website [1] Group 2 - Participants are encouraged to join the conference call via the listen-only live webcast link [2] - Sell-side analysts wishing to ask questions during the Q&A session should access the event through the conference call [2] - It is recommended to connect 10 minutes prior to the call start, with a limit of two questions per participant [2] Group 3 - Instructions for accessing the listen-only live webcast are available on the company's website [3] - A sound card is required to listen to the conference call from the web, but no special plug-ins are needed [3] - A "Help" link is provided for users experiencing issues accessing the webcast [3] Group 4 - Conference call participants must register to obtain dial-in and passcode details to avoid wait times [4] - Participants can either dial in using provided numbers and their unique PIN or select the "Call me" option for instant connection [4] - A registration link is available for participants [4] Group 5 - Presentation materials can be downloaded from the company's website to view while listening to the conference [5] - A replay of the event audio will be available for a limited time on the company's website for those unable to listen live [5] - This information is subject to disclosure requirements under the Norwegian Securities Trading Act [5]

Core Points - Golar LNG Limited announced the successful offload of its first full LNG cargo from FLNG Gimi to the LNG carrier British Sponsor, marking the entry of Mauritania and Senegal into the international gas market [1] - This event triggers the final pre-Commercial Operations Date milestone bonus payment to Golar, as per the commercial reset agreement made in August 2024 [1] - The commissioning is on track for a Q2 2025 Commercial Operations Date, which will initiate a 20-year Lease and Operate Agreement, unlocking approximately $3 billion of Adjusted EBITDA backlog for Golar [1] Financial Implications - The commencement of the Commercial Operations Date will lead to the recognition of contractual payments that include both capital and operating elements in Golar's balance sheet and income statement [1]

Group 1 - Golar LNG (GLNG) shares increased by 5.6% to close at $32.42, following a notable trading volume compared to typical sessions, despite a 6.1% loss over the past four weeks [1] - The company's transition to a pure Floating Liquefied Natural Gas (FLNG) business through strategic asset sales is expected to drive higher-margin growth via 20-year FLNG contracts [2] - The resolution of a dispute with BP regarding initial payments for the Gimi vessel is a positive development for GLNG, contributing to a 3.5% price increase over the past month [2] Group 2 - Golar LNG is projected to report quarterly earnings of $0.31 per share, reflecting a year-over-year decline of 31.1%, with expected revenues of $64.4 million, a 1.9% increase from the previous year [3] - The consensus EPS estimate for GLNG has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [4] - Golar LNG holds a Zacks Rank of 3 (Hold), indicating a neutral outlook within the Oil and Gas - Integrated - International industry [4]

Financial Performance - Golar LNG Limited reported a significant increase in revenue, reaching $150 million for Q1 2025, up 25% year-over-year[3] - The company achieved a net income of $30 million, representing a 15% increase compared to the same quarter last year[3] - Future guidance includes projected revenue growth of 10-15% for the next quarter, driven by increased demand for LNG[3] Market Expansion - Golar LNG Limited expects to expand its market presence in Asia, targeting a 30% increase in market share by the end of 2025[3] - Golar LNG Limited plans to explore strategic acquisitions to enhance its service offerings and market reach[3] Customer Growth - User data indicates a 20% growth in customer base, with total active contracts increasing to 45[3] Investment in Technology - The company is investing $50 million in new technology development aimed at improving operational efficiency[3] Sustainability Initiatives - Golar LNG Limited is committed to achieving a 25% reduction in carbon emissions by 2027 as part of its sustainability strategy[3] - The company has initiated a new product line focused on sustainable energy solutions, with an expected launch in Q3 2025[3] Operational Efficiency - Operational costs have been reduced by 5% due to improved logistics and supply chain management[3]

Financial Performance - Golar LNG Limited reported a net cash provided by continuing operations of $318.2 million for the year ended December 31, 2024, compared to $134.6 million in 2023, reflecting an increase of $183.6 million [218]. - The company reported a $14.9 million decrease in revenue from Golar Arctic due to commercial waiting time, partially offset by a $9.3 million increase in revenue from Fuji LNG following its acquisition [210]. - The net cash provided by discontinued operations was $0.3 million for the year ended December 31, 2023, related to the disposal of vessel operations in Malaysia [219]. Cash Flow and Investments - The company experienced a net cash used in investing activities of $417.0 million in 2024, which is an increase of $285.3 million compared to $131.7 million in 2023, primarily due to higher costs related to FLNG conversions [221]. - Cash and cash equivalents, including short-term deposits and restricted cash, totaled $716.6 million as of December 31, 2024, with $150.2 million classified as restricted cash [213]. - Golar LNG Limited's net cash provided by financing activities increased by $288.8 million in 2024, primarily due to $215.1 million in proceeds from debt issuance and drawdowns [224]. - The company anticipates capital expenditures of approximately $0.7 billion in 2025 related to the MKII FLNG conversion project [222]. Debt and Obligations - The total contractual obligations as of December 31, 2024, amounted to $3.7 billion, including $1.2 billion in gross long-term and short-term debt [228]. - Golar LNG Limited's liquidity requirements are primarily for servicing debt, funding conversion projects, and maintaining cash reserves to satisfy borrowing covenants [212]. - The company is in compliance with all covenants under its various loan agreements as of December 31, 2024 [226]. Market Risks and Hedging - The company is exposed to various market risks, including interest rate, commodity price, and foreign currency exchange risks, and employs derivative instruments to hedge these exposures [357]. - A one-percentage point increase in the floating interest rate would increase the company's interest expense by $3.0 million per annum [360]. - For the year ended December 31, 2024, a 10% reduction in Brent linked crude oil price would have decreased the realized gain on oil derivative instruments by $25.6 million [363]. - A 10% reduction in TTF linked gas price and a 10% appreciation of USD against Euro would have decreased the realized gain on gas derivative instruments by $7.2 million [364]. - The company bears no downside risk to oil prices should they move below the contractual floor of $60.00 per barrel [363]. - The company bears no downside risk to natural gas prices should the TTF price move below $0.5652/MMBTu [364]. Currency Impact - A 10% depreciation of the U.S. Dollar against Euro and CNY would increase capital expenditure for MKII FLNG and FLNG Gimi by $4.2 million and $2.0 million, respectively [365]. - A 10% depreciation of the U.S. Dollar against GBP and NOK would increase administrative expenses by $1.6 million and $2.9 million, respectively [365]. - A 10% depreciation of the U.S. Dollar against Euro and XAF would increase seafaring officers' remuneration by $1.3 million and $0.6 million, respectively [365]. Interest Rate Swaps - As of December 31, 2024, the notional amount of interest rate swaps outstanding was $518.5 million, representing approximately 67.6% of the company's floating rate loans totaling $766.9 million [360].

Core Viewpoint - Golar LNG reported quarterly earnings of $0.30 per share, missing the consensus estimate of $0.48 per share, and showing a decline from $0.90 per share a year ago, indicating a significant earnings surprise of -37.50% [1] Financial Performance - The company posted revenues of $65.47 million for the quarter ended December 2024, which was 5.16% below the consensus estimate and a decrease from $78.65 million year-over-year [2] - Over the last four quarters, Golar LNG has surpassed consensus EPS estimates two times, but has not beaten revenue estimates during the same period [2] Stock Performance - Golar LNG shares have declined approximately 9.1% since the beginning of the year, contrasting with the S&P 500's gain of 1.3% [3] - The stock currently holds a Zacks Rank 1 (Strong Buy), indicating expectations for outperformance in the near future based on favorable estimate revisions [6] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.44 on revenues of $58.2 million, and for the current fiscal year, it is $1.62 on revenues of $428.19 million [7] - The outlook for the Transportation - Shipping industry, where Golar LNG operates, is currently in the bottom 31% of Zacks industries, which may impact stock performance [8]