The following is a summary of the Golar LNG Limited (GLNG) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Golar LNG reported operating revenues of $65 million for Q3 2024.

• Adjusted EBITDA for the quarter was $59 million, consistent with the previous quarter despite pre operational expenses.

• Net loss for the quarter was $35 million, primarily due to non-cash adjustments and mark-to-market changes in interest rates.

• The company declared a dividend of $0.25 per share.

Business Progress:

• Golar LNG ordered its third FLNG, the Mark II, with a delivery expected in Q4 2027.

• Hilli FLNG's contract will be redeployed under a new 20-year charter in Argentina post July 2026.

• Accelerated commissioning has started for FLNG Gimi with full operations expected in Q2 next year.

• The company secured an option for a second Mark II FLNG for delivery within 2028.

Opportunities:

• Golar LNG's business is primarily driven by the FLNG market, with potential charters lined up for the Mark II FLNG, targeting a charter agreement within 2025.

• The only open capacity of the total FLNG fleet is Golar's recently ordered Mark II FLNG, providing a key advantage in time to market against competitors.

Risks:

• Potential risks include delays or technical challenges in FLNG commissioning and deployment, impacting revenue and operational efficiency.

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