Group 1 - Golar LNG reported quarterly earnings of $0.26 per share, missing the Zacks Consensus Estimate of $0.29 per share, and down from $0.42 per share a year ago, representing an earnings surprise of -10.34% [1] - The company posted revenues of $75.67 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 14.20%, compared to year-ago revenues of $62.98 million [2] - Golar LNG shares have lost about 5% since the beginning of the year, while the S&P 500 has gained 10% [3] Group 2 - The earnings outlook for Golar LNG is uncertain, with current consensus EPS estimates of $0.55 on $121.38 million in revenues for the coming quarter and $1.47 on $375.67 million in revenues for the current fiscal year [7] - The Zacks Industry Rank for Oil and Gas - Integrated - International is currently in the bottom 24% of over 250 Zacks industries, indicating potential challenges for the sector [8] - New Fortress Energy, another company in the same industry, is expected to report a quarterly loss of $0.29 per share, with revenues projected to be $686.21 million, up 60.3% from the year-ago quarter [9]

Financial Data and Key Metrics Changes - The company reported a total net income of ARS 40.3 billion for Q2 2025, a decline from ARS 119.7 billion in the same quarter of 2024, primarily due to a negative variation of ARS 76 billion in financial results [8][9][14] - EBITDA for the natural gas transportation business decreased to ARS 85.6 billion in Q2 2025 from ARS 118.2 billion in Q2 2024, attributed to transitional tariff adjustments and inflation [10][11] - The cash position decreased by 33% to ARS 676 billion, equivalent to approximately EUR 565 million [15] Business Line Data and Key Metrics Changes - EBITDA for the liquids business fell over 50% to ARS 25.3 billion in Q2 2025 from ARS 52.6 billion in Q2 2024, impacted by extraordinary expenses from a flood and reduced sales volume [11][12] - The midstream and other services segment saw EBITDA rise to ARS 52 billion compared to ARS 41.5 billion in 2024, driven by increased natural gas transportation volumes [13] Market Data and Key Metrics Changes - The natural gas transportation volume increased from an average of 25 million permits per day in 2024 to 30 million in Q2 2025, while natural gas conditioning volume rose from 16 million to 27 million cubic meters per day [13] Company Strategy and Development Direction - The company is focused on expanding its transportation capacity through a project to enhance the Perito Moreno pipeline, with a bid submitted and a contract expected to be awarded by October 13, 2025 [6][7][34] - The company has received a 20-year extension of its license, allowing for continued operations and capacity commercialization [7] Management's Comments on Operating Environment and Future Outlook - Management noted that the monthly tariff adjustments will help mitigate the impact of inflation on revenues, although operating expenses have increased due to the tariff revision process [28][33] - The company expects regulated EBITDA to reach ARS 300 million annually post-tariff adjustments, contingent on inflation rates in Argentina [43] Other Important Information - The company approved a dividend payment of ARS 200 billion, equivalent to approximately ARS 170 million, paid on June 11, 2025 [8] - Extraordinary expenses of ARS 16.6 billion were incurred due to the flood event on March 7, 2025, with expectations of insurance recovery [12][20] Q&A Session Summary Question: Confirmation of impairment related to the climate event - Management confirmed an impact of ARS 16.6 billion due to extraordinary expenses from the flood [20] Question: Update on the NCL project timeline - Management is evaluating costs and expects results by September [21][22] Question: Sustainability of current EBITDA levels - Management indicated that midstream services are expected to continue growing [23][24] Question: Recovery of profitability in the liquids segment - Full operations resumed on May 7, 2025, with expectations for improved performance [25][26] Question: Details on increased costs - Management noted that tariff revisions began in April, affecting operational costs [27][28] Question: Status of insurance claims related to the flood - Insurance assessments are ongoing, with expectations for compensation in two to four months [29][30] Question: Outlook for the regulated transportation segment - Future revenues will depend on the level of monthly inflation adjustments [32][33] Question: Financial investment decision timing for projects - Discussions with gas producers are ongoing, with potential decisions expected by the end of the year [35] Question: Total cost of maintenance due to the flood - Estimated total costs are around $40 million [36] Question: Amount received for ship or pay contract compensation - The amount received was $7 million [37] Question: Deterioration of account receivables - The issue was related to a specific marketer, with partial cash recovery expected [39] Question: CapEx for the Perito Moreno pipeline - Estimated CapEx is around $500 million for the expansion project [40] Question: Financing for the GPM pipeline project - The project is expected to be financed through a mix of cash and potential debt [44]