Golar LNG (GLNG) Reports Q3 Revenues Above Consensus

Golar LNG (NASDAQ: GLNG) reported Q3 revenue for the quarter came in at $123.1 million versus the consensus estimate of $89.63 million.

• Golar LNG Limited ("Golar" or "the Company") reports net income of $66.2 million for the third quarter of 2018 ("3Q").
• Total operating revenues of $123.1 million reported for the quarter.
• Adjusted EBITDA1 of $83.5 million for the quarter excluding $77.5 million of unrealized Brent oil linked mark-to-market derivative instrument income.
• Net financial expenses of $37.8 million including mark-to-market derivatives related to interest and equity swaps of $10.7 million.
• Completed the sale of initial equity interest in Golar Hilli LLC to Golar LNG Partners LP ("Golar Partners" or the "Partnership").
• Joint venture Golar Power Limited ("Golar Power") closed $235.5 million financing facility for FSRU Golar Nanook and took delivery of vessel.
• The shipping fleet records Time Charter Equivalent1 ("TCE") earnings of $41,200 per day ($48,100 for TFDE vessels and $11,000 for steam vessels).

For earnings history and earnings-related data on Golar LNG (GLNG) click here.

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