The EPS miss is a modest negative, but the strong revenue beat, 920% net income surge, and strategic review with Goldman Sachs create a mixed catalyst. Watch for updates on the strategic review outcome and the 4th FLNG order, which could unlock significant shareholder value. The stock may trade on the strategic review narrative rather than the quarterly miss.
Price Chart
Executive Summary
Golar LNG reported Q1 2026 EPS of $0.39, missing the $0.41 consensus by 4.9%, while revenue of $137.6M beat the $128.0M estimate by 7.5%. Net income surged 920% YoY to $83.6M, driven by strong FLNG operations and $37M in non-cash gains. The company initiated a strategic review with Goldman Sachs, declared a $0.25 dividend, and is targeting a 4th FLNG order in 2026.
Key Financial Metrics
Key Facts
- Q1 2026 EPS $0.39 vs consensus $0.41 (-4.9% miss)
- Q1 2026 revenue $137.6M vs consensus $128.0M (+7.5% beat)
- Net income attributable to Golar $83.6M, up 920% YoY from $8.2M
- Adjusted EBITDA $105.6M, up 158% YoY from $40.9M
- Total Golar Cash $1.05B as of March 31, 2026
- Declared $0.25/share dividend payable June 10, 2026
- Goldman Sachs engaged to evaluate strategic alternatives including potential sale
- Targeting 4th FLNG order within 2026; key long-lead items reserved in May 2026
- FLNG Gimi overproduced 19% vs contractual committed volume
- SESA signed 8-year LNG supply agreement with SEFE for up to 2M tonnes/year starting 2027
Financial Impact
EPS miss of $0.02 (-4.9%) vs consensus; revenue beat of $9.6M (+7.5%); net income up 920% YoY to $83.6M
Risk Factors
- Strategic review may not result in any transaction or value-enhancing outcome
- FLNG Hilli contract in Cameroon ends Q3 2026; redeployment to Argentina carries execution risk
- Commodity price volatility could impact FLNG tariff upside
- MKII FLNG conversion remains on budget but faces construction and timeline risks
- EPS miss for the third consecutive quarter (Dec 2025, Sep 2025, Jun 2025 all missed consensus)
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3298304 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 4d ago | 6-K | $45.61 | awaiting T+20 | — | $45.64 (+0.07%) |
Oct 19, 2026 8d ago | 6-K | $44.85 | awaiting T+20 | — | $45.64 (+1.76%) |
Oct 19, 2026 8d ago | Press Release | $44.85 | awaiting T+20 | — | $45.64 (+1.76%) |
Oct 7, 2026 20d ago | 6-K | $49.14 | awaiting T+20 | — | $45.64 (−7.12%) |
Sep 24, 2026 4w ago | 6-K | $49.61 $45.61 | ▲ +8.06% | ▲ +6.59% | $45.64 (+8.00%) |
Sep 24, 2026 4w ago | Press Release | $49.61 $45.61 | ▲ +8.06% | ▲ +6.59% | $45.64 (+8.00%) |
Sep 21, 2026 5w ago | 6-K | $51.36 $44.85 | ▼ −12.68% | ▼ −11.77% | $45.64 (−11.14%) |
Sep 21, 2026 5w ago | Press Release | $51.36 $44.85 | ▼ −12.68% | ▼ −11.77% | $45.64 (−11.14%) |
Aug 19, 2026 9w ago | 6-K | $52.24 $50.79 | ▼ −2.78% | ▼ −0.82% | $45.64 (−12.63%) |
Aug 13, 2026 10w ago | 6-K | $51.21 $52.89 | ▲ +3.28% | ▲ +5.03% | $45.64 (−10.88%) |
US Market Status
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