Golar LNG (US:GLNG)2021-08-09 16:22Financial Highlights - Golar LNG reported a gain of $575 million from the closing of Hygo and GMLP transactions, leading to an increase in liquid assets by approximately $700 million[3] - The company's Q2 cash balance stood at $287 million[3] - Net income for Q2 2021 was $471 million, primarily driven by net income from discontinued operations and unrealized gain on Brent oil derivative[3, 6] - Adjusted EBITDA for Q2 2021 was $67 million[3] FLNG Operations - Hilli Episeyo achieved 100% uptime and offloaded its 59th cargo[3] - Increased capacity utilization for Hilli agreed for 2022, with an option for a sustained increase from 2023, potentially adding $113 million in adjusted EBITDA backlog at TTF forward curve or $373 million on current TTF price[3, 41] - Gimi construction is 72% technically complete, targeting sail-away in Q1 2023 and contract start-up in Q4 2023, with an adjusted annual EBITDA of $215 million (on 100% basis) and an adjusted EBITDA backlog of $4.3 billion[3, 23] Shipping Operations - Q2 TCE was $46700, including loss of hire proceeds[3] - A 5-year vessel charter was agreed, increasing shipping revenue backlog to $259 million[3] - The company anticipates Q3 2021 TFDE TCE to be around $47000 per day, with utilization expected to be around 98%[29]