Golar LNG Ltd (NASDAQ:GLNG) Reports Mixed Q2 2025 Earnings Amid Strong Backlog Growth

Golar LNG Ltd (NASDAQ:GLNG) reported its second-quarter 2025 earnings, delivering mixed results relative to analyst expectations. The company posted revenue of $75.67 million, falling short of the consensus estimate of $83.18 million. Earnings per share (EPS) came in at $0.26, below the projected $0.2856. Despite the miss, the stock saw a pre-market gain of approximately 3.14%, suggesting investor optimism around the company’s long-term growth prospects and backlog expansion.

Key Financial Metrics vs. Estimates

• Revenue: $75.67M (actual) vs. $83.18M (estimated) – a 9.0% miss
• EPS: $0.26 (actual) vs. $0.2856 (estimated) – an 8.9% miss

The underperformance in revenue and earnings was partly offset by strong operational updates and new contract signings, which may have contributed to the positive pre-market reaction.

Market Reaction & Sentiment

Despite missing estimates, GLNG’s stock has shown resilience:

• Pre-market: +3.14%
• Last month: -0.42% (minimal impact)
• Last week: -2.95% (likely pre-earnings caution)

The market’s muted negative reaction and subsequent pre-market rebound suggest investors are focusing more on the company’s long-term contracted revenue streams rather than the quarterly miss.

Key Highlights from the Earnings Report

1. Strong Contract Backlog Expansion

   • Added $13.7B in Adjusted EBITDA backlog, including:
     • A 20-year charter for FLNG Hilli in Argentina ($5.7B backlog).
     • A 20-year charter for the MKII FLNG with SESA ($8B backlog).
   • Commodity upside potential: ~$100M annually for every $1/MMBtu above $8.

2. Operational Milestones

   • FLNG Gimi reached Commercial Operations Date (COD) in June 2025.
   • FLNG Hilli maintained strong uptime, with 137 cargoes delivered since 2018.

3. Financial & Corporate Updates

   • Closed a $575M convertible notes offering.
   • Repurchased 2.5M shares at $41.09 per share.
   • Declared a $0.25 per share dividend.

4. Future Growth Plans

   • Progressing development of a fourth FLNG unit.
   • Exploring additional FLNG opportunities, with potential orders expected in Q3 2025.

Outlook vs. Analyst Estimates

While the earnings release did not provide explicit forward guidance, analysts currently project:

• Q3 2025 Revenue: $134.03M
• Full-Year 2025 Revenue: $423.08M
• Full-Year 2025 EPS: $1.51

Given Golar’s strong contracted backlog and operational execution, the company appears well-positioned to meet or exceed these estimates, particularly if commodity prices remain favorable.

Conclusion

Golar LNG’s Q2 earnings fell short of expectations, but the market’s reaction indicates confidence in its long-term growth trajectory, driven by substantial contract wins and operational execution. The company’s focus on expanding its FLNG fleet and securing long-term charters provides visibility into future cash flows, which may justify the stock’s resilience despite the earnings miss.

For more detailed earnings estimates and historical performance, visit Golar LNG’s earnings page.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research before making any financial decisions.