Document

6-K 1 golarlngltd6-kq12026.htm 6-K Document

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16 OF THE

SECURITIES EXCHANGE ACT OF 1934

For the month of June 2026

Commission File Number: 000-50113


GOLAR LNG LIMITED
(Translation of registrant’s name into English)

2nd Floor S.E. Pearman Building 9 Par-la-Ville Road Hamilton HM 11 Bermuda
(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F [ X ] Form 40-F [ ]

INFORMATION CONTAINED IN THIS FORM 6-K REPORT

Included is the Overview, Operating and Financial Review for the three months ended March 31, 2026 and the unaudited consolidated condensed financial statements of Golar LNG Limited (the “Company” or “Golar”) as of and for the three months ended March 31, 2026.

The information contained in this Report on Form 6-K (this “Report”) is hereby incorporated by reference into the Company’s registration statement on Form F-3 ASR (File No. 333-294621), which was filed with the U.S. Securities and Exchange Commission (the “Commission”) on March 26, 2026.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.


	GOLAR LNG LIMITED
	(Registrant)


Date: June 18, 2026	By:	/s/ Eduardo Maranhão
	Name:	Eduardo Maranhão
	Title:	Principal Financial Officer

UNAUDITED INTERIM FINANCIAL REPORT

Forward-Looking Statements

Matters discussed in this Report may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts.

We desire to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and are including this cautionary statement in connection with this safe harbor legislation. This Report and any other written or oral statements made by us or on our behalf may include forward-looking statements, which reflect our current views with respect to future events and financial performance. When used in this Report, the words “believe,” “anticipate,” “intend,” “estimate,” “forecast,” “projected,” “plan,” “potential,” “continue,” “will,” “may,” “could,” “should,” “would,” “expect”, “target” and similar expressions identify forward-looking statements.

The forward-looking statements in this Report are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, management’s examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections. As a result, you are cautioned not to rely on any forward-looking statements.

In addition to these important factors and matters discussed elsewhere herein, important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include, among other things:

•our ability to fulfill our obligations under our commercial agreements, including the Liquefaction Tolling Agreement (the “LTA”) for the FLNG Hilli Episeyo (“FLNG Hilli”) and the 20-year Lease and Operate Agreement (the “LOA”) for the FLNG Gimi (“FLNG Gimi”);

•our ability to perform under our agreements with Southern Energy S.A. (“SESA”) for the deployment of FLNG Hilli and MKII FLNG (“MKII FLNG”) in Argentina, including the timely completion of redeployment, conversion and commissioning activities, as well as SESA’s ability to meet its commitments to us;

•our ability to complete the MKII conversion and FLNG Hilli refurbishment in a timely manner and within budget;

•any failure of shipyards to comply with work standards, project schedules, performance specifications or agreed prices;

•an increase in tax liabilities in the jurisdictions where we are currently operating, have previously operated or expect to operate;

•our ability to obtain additional financing or refinance existing debt on acceptable terms or at all;

•the outcome and timing of the Company’s strategic review process, including the possibility that the review may not result in any transaction, strategic alternative, or other outcome; the potential for disruption to operations, commercial activities, financings or relationships during the review process; the ability to identify and execute transactions or structural alternatives that enhance shareholder value or accelerate the FLNG growth pipeline; market, regulatory, financing, and counterparty conditions affecting any potential transaction; and costs, opportunity costs, management distraction, or other uncertainties associated with the process;

•global economic trends, competition, and geopolitical risks, including actions by the U.S. government, trade tensions or conflicts such as those between the U.S. and China or the U.S. and Iran, related sanctions, and the potential effects of any Russia-Ukraine or U.S.-Iran peace settlement on liquefied natural gas (“LNG”) supply and demand;

•continuing volatility in the global financial markets, including commodity prices, foreign exchange rates, interest rates and global trade policy;

•changes in general domestic and international political conditions, particularly where we operate, or where we seek to operate;

•changes in our ability to retrofit vessels as FLNGs, including the availability of donor vessels to purchase, lead times for critical components and the time it takes to build new vessels;

•any material decline or prolonged weakness in tolling rates for FLNGs;

•any failure of our contract counterparties to comply with their agreements with us or other key project stakeholders;

•continuing uncertainty resulting from potential future claims from our counterparties of purported force majeure under contractual arrangements, including our future projects and other contracts to which we are a party;

•our ability to close potential future transactions in relation to equity interests in our vessels or to monetize our remaining investments on a timely basis or at all;

•increases in operating costs as a result of inflation or trade policy, including salaries and wages, insurance, crew and related costs, repairs and maintenance and spares;

•claims made or losses incurred in connection with our continuing obligations;

•the ability of certain parties to meet their respective obligations to us, including indemnification obligations;

•changes to rules and regulations applicable to FLNGs or other parts of the natural gas and LNG supply chain;

•rules on climate-related disclosures promulgated by the European Union, including but not limited to disclosure of certain climate-related risks and financial impacts, as well as greenhouse gas emissions;

•actions taken by regulatory authorities that may prohibit the access of FLNGs to various ports and locations; and

•other factors listed from time to time in registration statements, reports or other materials that we have filed with or furnished to the Commission, including our annual report on Form 20-F for the year ended December 31, 2025, filed with the U.S. Securities and Exchange Commission (“U.S. SEC”) on March 26, 2026 (the “2025 Annual Report”).

We caution readers of this Report not to place undue reliance on these forward-looking statements, which speak only as of their dates. These forward-looking statements are not guarantees of our future performance, and actual results and future developments may vary materially from those projected in the forward-looking statements.

All forward-looking statements included in this Report are made only as of the date of this Report and, except as required by law, we assume no obligation to revise or update any written or oral forward-looking statements made by us or on our behalf as a result of new information, future events or other factors. If one or more forward-looking statements are revised or updated, no inference should be drawn that additional revisions or updates will be made in the future.

Management’s Discussion and Analysis of Financial Condition and Results of Operations

The following is a discussion of our financial condition and results of operations for the three months ended March 31, 2026 and 2025. Throughout this Report, unless the context indicates otherwise, the “Company”, “Golar”, “Golar LNG”, “we”, “us” and “our” all refer to Golar LNG Limited or any one or more of its consolidated subsidiaries, including Golar Management Ltd, or to all such entities. Unless otherwise indicated, all references to “USD” and “$” in this Report are to U.S. dollars. You should read the following discussion and analysis together with the unaudited condensed consolidated financial statements and related notes included elsewhere in this Report. For additional information relating to our operating and financial review and prospects, including definitions of certain terms used herein, please see our 2025 Annual Report.

Overview

Our strategy is to provide market-leading FLNG operations and maintain balance sheet flexibility to maximize shareholder returns through accretive FLNG projects. We offer gas resource holders a proven, capital efficient and timely solution to monetize stranded, associated, flared or otherwise underutilized gas reserves. Our industry leading FLNG operational track record and FLNG growth prospects allow gas resource holders, developers and customers access to a low-cost, low-risk, rapidly deployable solution for natural gas liquefaction.

FLNG projects provide a solution for gas reserves where geographical, technical, political and economic constraints limit monetization through traditional infrastructure. Our standardized FLNG units can be redeployed to new opportunities after producing a field and offer a viable economic alternative to large-scale land-based projects. Our liquefaction solution and accelerated execution model place liquefaction technology onboard an existing LNG carrier, converting such carriers into a fully commissioned FLNG. As of June 18, 2026, we are currently the only company with a proven track-record to deliver FLNG as a service to gas resource owners.

Recent and Other Developments

In addition to the other information set forth in this Report on Form 6-K, please see “Item 5 - Operating and Financial Review and Prospects - Significant Developments since January 1, 2026” of our 2025 Annual Report.

Since March 31, 2026, certain recent and other developments that have occurred are as follows:

•Sale of investment in Logística e Distribuição de Gás S.A.(“LOGAS”)

In April 2026, Macaw Energies Brasil Serviços de Gás Natural Ltda., our wholly owned subsidiary, completed the sale of its entire 58% shareholding in LOGAS to J&F S.A. for a consideration of BRL 55.0 million (approximately $10.5 million), pursuant to a Share Purchase Agreement entered into in December 2025.

•Sale of Gaslin S.r.l. (“Gaslin”)

In April 2026, we completed the sale of our entire shareholding in Gaslin S.r.l. (“Gaslin”) to Snam Energy Terminals S.r.l. (40%), PB Tankers S.p.A. (36%) and Cool Company Management Ltd. (24%) for a total consideration of EUR 10,000 (approximately $11,800), pursuant to a Share Purchase Agreement.

•SESA shareholder loan

In April 2026, SESA drew an additional $1.0 million under the shareholder loan facility. Following such drawdown, an aggregate of $3.6 million has been drawn under the facility.

•SESA capital contribution

In April 2026, we contributed approximately $12.4 million to SESA as an irrevocable contribution against future subscription of shares. The capital injection will be used to fund SESA’s required infrastructure to facilitate for our FLNG operations in Argentina. The contribution is expected to be capitalized on or before December 31, 2026 in accordance with the shareholders’ agreement with SESA. Following this contribution, Golar continues to hold a 10% equity interest in SESA.

•FLNG business development activities

In January 2026, the Company agreed to settle a success fee to third-party consultants in connection with its Latin America FLNG business development activities. The settlement fee replaces the original framework agreement entered into in September 2023. The settlement success-based consideration comprises a $10.0 million cash payment, and 750,000 restricted stock units, with a vesting profile aligned with key milestones of our two FLNG vessels in Argentina. The final vesting milestone of the restricted stock units will be the Commencement of Operations Date (“COD”) of the two FLNGs to operate in Argentina, and aligns the third-party consultants to continue to assist the Company in reaching COD according to schedule.

The settlement of the success-based fees was subject to conditions precedent which was satisfied after March 31, 2026. Therefore the related success fee represents a non-recognized subsequent event as of March 31, 2026. The cash component and the portion of the restricted stock units that vested upon award will be recognized in the second quarter of 2026. The recognition of the remaining restricted stock units is subject to future project milestones, including performance conditions linked to COD of the two FLNGs under the relevant lease arrangements.

•San Matías Pipeline S.A (“San Matías”) capital contribution

In May 2026, we contributed approximately $0.9 million to San Matías Pipeline S.A. as a capital contribution in accordance with the Shareholders’ agreement. Following this contribution, Golar continues to hold a 10% equity interest in San Matías.

•Dividends

On May 20, 2026, we declared a dividend of $0.25 per share in respect of the three months ended March 31, 2026 to shareholders of record on June 1, 2026, which was paid on June 10, 2026.

•2026 Annual General Meeting of Shareholders

On May 20, 2026, at our annual general meeting, shareholders re-elected Tor Olav Trøim, Benoît de la Fouchardiere, Carl E. Steen, Daniel W. Rabun, Lori Wheeler Naess, Mi Hong Yoon, Niels G. Stolt-Nielsen and Stephen Schaefer as directors, approved the re-appointment of Ernst & Young LLP as the Company's independent auditors and approved the remuneration of the directors for the year ending December 31, 2026. Following the annual general meeting, the Board of Directors appointed Carl Steen as Lead Independent Director, effective May 20, 2026. The appointment of a Lead Independent Director reflects the Board’s ongoing commitment to strong corporate governance and alignment with evolving best practices and shareholder expectations.

Operating and Financial Review

See note 4 “Segment Information” of the unaudited condensed consolidated financial statements included herein for additional information on our segments. Reconciliations of consolidated net income to Adjusted EBITDA for the three months ended March 31, 2026 and 2025 are as follows:


(in thousands of $)	2026	2025
Net income	101,804	12,939
Income tax expense	923	179
Income before income tax	102,727	13,118
Depreciation and amortization	16,305	12,638

Unrealized (gain)/loss on oil and gas derivative instruments	(33,501)	25,001

Other non-operating income	(3,314)	—
Interest income	(10,319)	(8,699)
Interest expense, net	24,380	—
(Gains)/losses on derivative instruments, net	(3,587)	6,795
Other financial items, net	1,409	2,292
Net loss/(income) from equity method investments	1,213	(10,209)
Sales-type lease receivable in excess of interest income	10,263	—

Adjusted EBITDA (1)	105,576	40,936

(1) Adjusted EBITDA is a non-U.S. GAAP financial measure and is calculated by taking net income before income taxes, depreciation and amortization, unrealized gains/(losses) on oil and gas derivative instruments, other non-operating income, interest income, interest expense, net, gains/(losses) on derivative instruments, net, other financial items, net, net (loss)/income from equity method investments, and sales-type lease receivable in excess of interest income. Adjusted EBITDA is a financial measure used by management and investors to assess our total financial and operating performance. Adjusted EBITDA increases the comparability of our operational performance from period to period and against the operational performance of other companies without regard to our financing methods or capital structure. Adjusted EBITDA should not be considered as an alternative to net income or any other measure of our financial performance calculated in accordance with U.S. GAAP.

Discussed below are the material changes of our consolidated results of operations for the three months ended March 31, 2026 compared against the three months ended March 31, 2025:

Depreciation and amortization: The increase of $3.7 million for the three months ended March 31, 2026 compared to the same period in 2025 was primarily due to $4.1 million increase in depreciation relating to FLNG Hilli's mooring equipment following remeasurement of the associated asset retirement obligation (“ARO”) in January 2026 (note 17).

Unrealized gains(losses) on oil and gas derivative instruments:


	Three months ended March 31,
(in thousands of $)	2026	2025
Unrealized gain/(loss) on FLNG Hilli’s oil derivative instrument	29,286	(12,559)
Unrealized gain/(loss) on FLNG Hilli’s gas derivative instrument	4,215	(12,442)

Unrealized gains/(losses) on oil and gas derivative instruments	33,501	(25,001)

•Unrealized gain/(loss) on FLNG Hilli’s oil derivative instrument: This reflects the MTM movements related to the changes in the fair value of the FLNG Hilli’s oil derivative instrument embedded in the LTA which we estimated using the discounted future cash flows of the additional payments due to us as a result of Brent linked crude oil prices moving above a contractual oil price floor over the remaining term of the LTA. The increase in unrealized gain of $41.8 million for the three months ended March 31, 2026 compared to an unrealized loss for the same period in 2025 was primarily driven by the volatility in the future Brent linked crude oil price curve over the LTA’s remaining term.

•Unrealized gain/(loss) on FLNG Hilli’s gas derivative instrument: This reflects the MTM movements related to the changes in the fair value of the FLNG Hilli’s gas derivative instrument embedded in the LTA which we estimated using the discounted future cash flows of the additional payments due to us for the 0.2 mtpa incremental LNG capacity over the remaining term of the LTA which is linked to the Dutch Title Transfer Facility (“TTF”) gas prices and forecast Euro/USD exchange rates. The increase in unrealized gain of $16.7 million for the three months ended March 31, 2026 compared to an unrealized loss the same period in 2025 was primarily driven by the volatility in the future TTF linked gas price curve over the LTA’s remaining term.

Other non-operating income: This relates to the $3.1 million gain on the sale of our 2.69% interest in OLT Offshore LNG Toscana S.p.A to SNAM S.p.A., which was fully impaired in 2019. No comparable gain for the same period in 2025.

Interest income: The increase of $1.6 million for the three months ended March 31, 2026 compared to the same period in 2025 was primarily due to:

•$2.8 million increase in interest income from higher short-term money-market deposits, with balances of $792.4 million as of March 31, 2026 compared to $456.8 million as of March 31, 2025; and

•partially offset by $1.1 million decrease in interest income on a shareholder loan to First FLNG Holdings (“FFH”), which was fully repaid in March 2025.

Interest expense, net: The $24.4 million increase in interest expense for the three months ended March 31, 2026 compared to the same period in 2025 was primarily due to:

•higher corporate debt interest expense inclusive of the amortization of related deferred financing costs, following the issuance of the $575 million 2025 Convertible Bonds in June 2025, the $500 million 2025 Senior Unsecured Notes in October 2025 and the refinancing of the $700 million Gimi facility with a new $1.2 billion Gimi facility in November 2025; and

•changes in the capitalization of borrowing costs following the achievement of COD of FLNG Gimi in June 2025, after which borrowing costs were no longer capitalized and were recognized as expense, partially offset by the capitalization of borrowing costs related to MKII.

Gains/(losses) on derivative instruments, net:


	Three months ended March 31,
(in thousands of $)	2026	2025
Unrealized MTM adjustment for interest rate swap (“IRS”) derivatives	3,037	(7,237)
Net interest income on undesignated IRS derivatives	550	442
Gains/(losses) on derivative instruments, net	3,587	(6,795)

•Unrealized MTM adjustment for IRS derivatives: This reflects the MTM movements related to the changes in the fair value of our IRS derivatives. As of March 31, 2026 and 2025, we had an IRS portfolio with notional amounts of $590.6 million and $408.3 million, respectively, none of which are designated as hedges for accounting purposes. The $10.3 million increase in unrealized MTM gain for the three months ended March 31, 2026 compared to an unrealized MTM loss in the same period in 2025 was primarily driven by higher notional values of our swap portfolio, partially offset by fair value adjustments reflecting our creditworthiness and that of our counterparties.

Other financial items, net:


	Three months ended March 31,
(in thousands of $)	2026	2025
Financing arrangement fees and other related costs	(549)	(813)
Foreign exchange loss on operations	(527)	(1,497)

Others	(333)	18
Other financial items, net	(1,409)	(2,292)

•Foreign exchange loss on operations: The decrease of $1.0 million loss for the three months ended March 31, 2026 compared to the same period in 2025 was mainly driven by the weakening of the U.S. Dollar against the Norwegian Krone and British Pound, the currencies used for operations in Norway and the United Kingdom.

Net loss/(income) from equity method investments: Net loss from equity method investments of $1.2 million for the three months ended March 31, 2026 compared to net income of $10.2 million for the same period in 2025 was primarily due to $10.3 million gain on the disposal of our shareholding in Avenir in February 2025, with no comparable gains in 2026.

Sales-type lease receivable in excess of interest income: Amounts recognized as sales type lease revenue is analogous to the interest income component earned, while the principal amortization is treated as a reduction to the lease receivable balance presented in “Net investment in sales-type lease” in the unaudited consolidated balance sheet. "Sales-type lease receivable in excess of interest income" represents the lease receivable principal amortization component of the total amounts invoiced under the FLNG Gimi sales-type lease. We included the total invoiced amounts comprising both interest income and principal repayment in our FLNG Adjusted EBITDA to reflect the total cash earnings and economic performance of the FLNG Gimi. This amount is eliminated from the unaudited consolidated statements of operations in accordance with U.S. GAAP.


Three months ended March 31, 2026
(in thousands of $)	FLNG	Corporate and other	Total Segment Reporting	Elimination	Consolidated Reporting


Liquefaction services revenue	56,222	—	56,222	—	56,222
Sales-type lease revenue	49,977	—	49,977	—	49,977
Vessel management fees and other revenues	25,628	5,727	31,355	—	31,355

Total operating revenues	131,827	5,727	137,554	—	137,554
Vessel operating expenses	(36,662)	(2,070)	(38,732)	—	(38,732)
Administrative expenses	(347)	(12,338)	(12,685)	—	(12,685)
Project development expenses	(2,759)	87	(2,672)	—	(2,672)
Realized gain on oil and gas derivative instruments, net	9,683	—	9,683	—	9,683
Other operating income/(loss)	2,425	(260)	2,165	—	2,165
Sales-type lease receivable in excess of interest income	10,263	—	10,263	(10,263)	—
Adjusted EBITDA	114,430	(8,854)	105,576	(10,263)	95,313


Three months ended March 31, 2025
(in thousands of $)	FLNG	Corporate and other	Total Segment Reporting	Elimination	Consolidated Reporting


Liquefaction services revenue	55,688	—	55,688	—	55,688

Vessel management fees and other revenues	—	5,938	5,938	—	5,938
Time and voyage charter revenues	—	876	876	—	876
Total operating revenues	55,688	6,814	62,502	—	62,502
Vessel operating expenses	(18,785)	(9,685)	(28,470)	—	(28,470)
Administrative expenses	(588)	(8,999)	(9,587)	—	(9,587)
Project development expenses	(2,351)	(968)	(3,319)	—	(3,319)
Realized gain on oil and gas derivative instruments, net	21,213	—	21,213	—	21,213
Other operating loss	—	(1,403)	(1,403)	—	(1,403)

Adjusted EBITDA	55,177	(14,241)	40,936	—	40,936

Adjusted EBITDA: Total segment reporting Adjusted EBITDA increased by $64.6 million for the three months ended March 31, 2026 compared to the same period in 2025, primarily due to the commencement of FLNG Gimi's LOA. The Gimi LOA contributed $85.9 million to operating revenues including sales-type lease receivable in excess of interest income, partially offset by a corresponding increase in vessel operating expenses of $15.7 million. Additionally, vessel operating expenses decreased by $7.6 million due to the termination of the O&M Agreement with LNG Hrvatska for the FSRU LNG Croatia in December 2025, the disposal of Golar Arctic in March 2025 and decrease in repairs relating to the FSRU Italis LNG. On a consolidated basis, Adjusted EBITDA increased by $54.3 million for the three months ended March 31, 2026 compared to the same period in 2025, due to the accounting impact of the sales-type lease receivable, whereby revenue recognized in excess of interest income is eliminated upon consolidation. This increase in Adjusted EBITDA was partially offset by the $11.5 million reduction in realized gains on oil and gas derivative instruments, driven by lower look-back average on Brent and TTF prices.

These movements reflect consolidated changes across all segments. Further details and material movements within specific reportable segments are discussed below.

FLNG segment

This relates to activities of the FLNG Hilli, FLNG Gimi and our other FLNG projects.


	Three months ended March 31,
(in thousands of $)	2026	2025

Liquefaction services revenue	56,222	55,688
Sales-type lease revenue	49,977	—
Vessel management fees and other revenues	25,628	—

Total operating revenues	131,827	55,688
Realized gain on oil and gas derivative instruments, net	9,683	21,213
Vessel operating expenses	(36,662)	(18,785)
Project development expenses	(2,759)	(588)
Administrative expenses	(347)	(2,351)
Other operating income	2,425	—
Sales-type lease receivable in excess of interest income	10,263	—
Adjusted EBITDA	114,430	55,177

Sales-type lease revenue: FLNG Gimi achieved COD in June 2025, as operations commenced in June 2025, with no comparable amounts for the three months ended March 31, 2025. Sales-type lease revenue is comprised of the following components:


	Three months ended March 31,
(in thousands of $)	2026	2025
Sales-type lease revenue	27,537	—
Variable lease revenue	19,898	—
Accretion of unguaranteed residual value	1,501	—

Other	1,041	—
Sales-type lease revenue	49,977	—

•Sales-type lease revenue: This reflects the interest income recognized on the net investment in the sales-type lease on FLNG Gimi, calculated using the implicit rate in the lease.

•Variable lease revenue: This reflects variable payments not included in the fixed consideration of the lease including overproduction, underutilization, and other operational adjustments invoiced since commencement of operations.

•Accretion of unguaranteed residual value: This relates to the periodic accretion in the present value of the unguaranteed residual value of FLNG Gimi, recognized over the lease term using the effective interest method.

•Other: This reflects taxes that are reimbursable under the LOA and accrued demurrage costs.

Vessel management fees and other revenues: Vessel management fees and other revenues reflect the non-lease component of the FLNG Gimi's LOA, representing O&M services. Operations commenced in June 2025, and there are no comparable amounts for the three months ended March 31, 2025. Vessel management fees and other revenues is comprised of the following components:


	Three months ended March 31
(in thousands of $)	2026	2025
FLNG Operation and Maintenance Agreement (“O&M”) service revenue	24,728	—
Amortization of deferred pre-COD cash flows	455	—
Other	445	—
Vessel management fees and other revenues	25,628	—

•O&M service revenue: This reflects the non-lease O&M services component in relation to FLNG Gimi's LOA.

•Amortization of deferred pre-COD cash flows: This reflects the amortization of the non-lease component of pre-COD cash flows received from bp in relation to FLNG Gimi's LOA, recognized over the term of the LOA on a straight-line basis.

•Other: This reflects taxes reimbursable under the LOA, underutilization, and accrued demurrage costs.

Realized gain on oil and gas derivative instruments:


	Three months ended March 31,
(in thousands of $)	2026	2025
Realized gain on FLNG Hilli’s gas derivative instrument	5,796	9,174
Realized gain on FLNG Hilli’s oil derivative instrument	3,887	12,039

Realized gain on oil and gas derivative instruments, net	9,683	21,213

•Realized gain on FLNG Hilli’s gas derivative instrument: This reflects the tolling fee in excess of the contractual floor rate, linked to TTF prices and the Euro/USD foreign exchange movements. The decrease of $3.4 million for the three months ended March 31, 2026, compared to the same period in 2025, was driven by lower one-month look-back average TTF price of €31.32 for the three months ended March 31, 2026, compared to a TTF price of €47.80 for the three months ended March 31, 2025.

•Realized gain on FLNG Hilli’s oil derivative instrument: This reflects the billings above the FLNG Hilli’s base tolling fee when the Brent linked crude oil price is greater than $60 per barrel. The decrease of $8.2 million for the three months ended March 31, 2026, compared to the same period in 2025, was driven by lower three-month look-back average oil price of $64.98/barrel for the three months ended March 31, 2026 compared to $75.56/barrel for the three months ended March 31, 2025.


	Three months ended March 31,
	2026	2025
Other Financial Data:
Liquefaction services revenue	56,222	55,688
Sales-type lease revenue	49,977	—
Vessel management fees and other revenues	25,628	—
Total operating revenues	131,827	55,688
Realized gain on oil and gas derivative instruments, net	9,683	21,213
Amortization of deferred commissioning period revenue, Day 1 gains and deferred pre-COD cash flows, accretion of unguaranteed residual value, accrued tax receipt, over/underproduction and accrued demurrage	(5,024)	(3,970)
Sales-type lease receivable in excess of interest income	10,263	—
FLNG tariff, net (1)	146,749	72,931

(1) FLNG tariff, net is a non-U.S. GAAP financial measure that represents the total cash inflow and economic performance generated by our FLNGs during a given period. It is calculated by taking the total amount invoiced for FLNG services, including liquefaction services revenue, sales-type lease revenue, vessel management fees and other revenue and realized gains on oil and gas derivative instruments, adjusted for the amortization of deferred commissioning period revenue, Day 1 gains (deferred revenues) and deferred pre-COD cashflows that is allocated to the non-lease component, the unwinding of liquidated damages, the accretion of unguaranteed residual value and the accruals and other timing related items including tax reimbursement, underutilization, overproduction revenue and demurrage cost. FLNG tariff, net is intended to enhance the comparability of our FLNG performance across periods and with other operational FLNGs in the industry. FLNG tariff, net should not be considered as an alternative to total operating revenue of the FLNG segment or any other performance measure of our financial performance calculated in accordance with U.S. GAAP.

FLNG Tariff, net: The increase of $73.8 million for the three months ended March 31, 2026, compared to the same period in 2025, was primarily due to FLNG Gimi's operating revenue contribution following commencement of operations, partially offset by lower realized gain on oil and gas derivative instruments on the FLNG Hilli LTA.

Vessel operating expenses: The increase of $17.9 million for the three months ended March 31, 2026 compared to the same period in 2025 was primarily due to:

•a $17.7 million increase in FLNG Gimi's operating expenses following commencement of operations in June 2025;

•a $2.2 million increase in FLNG Hilli's operating expenses primarily due to a $3.8 million increase in crew-related and logistics costs, partially offset by a $1.6 million decrease in spares and repairs; and

•partially offset by a $2.0 million decrease in FLNG Gimi's operating expenses resulting from the 2025 commissioning activities, wherein certain costs incurred toward COD did not meet the criteria for capitalization and instead were deemed essential operating costs to maintain the vessel's exclusive availability and operational readiness. No comparable costs were incurred in 2026.

Other operating income: The $2.4 million recognized for the three months ended March 31, 2026 was primarily due to a $2.0 million reimbursement of capital spares and consumables procured during the conversion and commissioning of the FLNG Gimi in connection with the LOA. This amount was identified but disputed by bp at COD and was subsequently resolved and settled during the three months ended March 31, 2026. No comparable amount in 2025.

Corporate and other segment

This segment includes our legacy shipping activities, vessel management, floating storage and regasification unit services for third parties, LNG carrier transportation operations, administrative services to affiliates and third parties, corporate overhead costs and other strategic investments. We have offices in Bermuda, London and Oslo, which provide corporate management, commercial, technical, accounting, treasury and administrative support.


	Three months ended March 31,
(in thousands of $)	2026	2025

Vessel management fees and other revenues	5,727	5,938
Time and voyage charter revenues	—	876
Total operating revenues	5,727	6,814
Vessel operating expenses	(2,070)	(9,685)
Administrative expenses	(12,338)	(8,999)
Project development expenses	87	(968)
Other operating loss	(260)	(1,403)
Adjusted EBITDA	(8,854)	(14,241)

Vessel management fees and other revenues: The decrease of $0.2 million for the three months ended March 31, 2026, compared to the same period in 2025, was primarily due to $2.4 million decrease in O&M fees following the termination of the O&M Agreement with LNG Hrvatska for the FSRU LNG Croatia in December 2025, partially offset by $2.2 million increase in O&M fees from Snam for the FSRU Italis LNG (formerly known as Golar Tundra).

Time and voyage charter revenues: The $0.9 million revenue for the three months ended March 31, 2025 relates to Fuji LNG, which ceased upon its arrival at CIMC’s yard for conversion in February 2025, with no comparable transactions in 2026.

Vessel operating expenses: The decrease of $7.6 million for the three months ended March 31, 2026 compared to the same period in 2025 was primarily due to:

•a $4.6 million decrease following the termination of the O&M Agreement with LNG Hrvatska for the FSRU LNG Croatia in December 2025 and the disposal of Golar Arctic in March 2025; and

•a $2.8 million decrease in repairs relating to the FSRU Italis LNG.

Administrative expenses: The increase of $3.3 million for the three months ended March 31, 2026, compared to the same period in 2025, was primarily driven by:

•a $3.0 million increase in employee compensation and benefits, professional services and travel expenses and the completed buy-out of our UK defined benefit pension scheme through the purchase of individual annuity contracts, resulting in a settlement of the plan obligations and the recognition of a settlement loss of $2.4 million during the three months ended March 31, 2026, compared to the same period in 2025; and

•partially offset by a $2.7 million higher allocation of management and consultancy fees to vessel operating expenses and project development expenses in our FLNG segment reflecting time spent on FLNG activities.

Project development expenses: The decrease of $1.1 million in project development expenses was primarily driven by higher professional and consultancy costs incurred for existing business venture for the three months ended March 31, 2025 compared to the same period in 2026.

Other operating loss: The decrease of $1.1 million in other operating loss for the three months ended March 31, 2026 compared to the same period in 2025 was primarily due to:

•$0.7 million decrease in credit loss allowance on the Higas Holdings Limited (“Higas”) shareholder loan, reflecting a lower outstanding balance of $1.7 million as of March 31, 2026 (March 31, 2025: $5.8 million); and

•a $0.5 million loss on disposal of the Golar Arctic in 2025, with no comparable loss in 2026.

Liquidity and Capital Resources

Our short-term liquidity requirements are primarily for the servicing of our debt, working capital, potential investments, FLNG modification, FLNG Hilli redeployment capital expenditures, and conversion projects (including MKII FLNG project related commitments). We believe that our existing cash and cash equivalents and short-term bank deposits, cash flow from operations and our planned liquidity-enhancing initiative (see note 1 of our unaudited consolidated financial statements included herein), will be sufficient to support our liquidity and capital requirements for at least the next 12 months.

As of March 31, 2026, we had cash and cash equivalents (including short-term deposits) of $1,061.0 million, of which $53.9 million is restricted cash. Included within restricted cash is $37.1 million pre-COD earnings from the FLNG Gimi and $15.7 million cash belonging to the lessor VIE that we are required to consolidate under U.S. GAAP. Refer to note 10 “Restricted Cash” of our unaudited condensed consolidated financial statements included herein for additional details.

Since March 31, 2026, transactions impacting our cash flows include:

Payments of:

•$63.3 million of scheduled interest repayments, including receipts under interest rate hedging agreements;

•$30.2 million of additions to the asset under development, the MKII FLNG;

•$25.3 million relating to the quarterly dividend;

•$17.7 million of capital expenditure on the FLNG Hilli redeployment, comprised of engineering services and long lead items;

•$7.5 million distribution to First FLNG Holdings in respect of their shareholding in FLNG Gimi;

•$1.7 million relating to FLNG FEED study;

•$0.9 million capital contribution for our equity interest in San Matias;

•$0.9 million relating to drawdown under the shareholder loan provided to SESA; and

•$0.5 million relating to drawdown under the revolving shareholder loan provided to Higas.

Borrowing activities

As of March 31, 2026, we were in compliance with all our covenants under our various loan agreements. See note 15 “Debt” in our unaudited condensed consolidated financial statements included herein for additional information.

Security, Debt and Lease Restrictions

Certain of our financing agreements are collateralized by vessel liens. The existing financing agreements impose certain operating and financing restrictions which may significantly limit or prohibit, among other things, our ability to incur additional indebtedness, create liens, sell capital shares of subsidiaries, make certain investments, engage in mergers and acquisitions, purchase and sell vessels, buy-back additional shares in excess of existing allowances or distribute dividends. In addition, lenders may accelerate the maturity of indebtedness under existing financing agreements and foreclose upon the collateral securing the indebtedness upon the occurrence of certain events of default, including a failure to comply with any of the covenants contained in our debt agreements. Many of our debt agreements contain certain covenants which require compliance with certain financial ratios. Such ratios include maintaining a positive working capital ratio, a tangible net worth covenant and minimum free cash restrictions. With regards to cash restrictions, we have agreed to retain at least $50.0 million of cash and cash equivalents on a consolidated basis.

Cash Flows


	Three months ended March 31,
(in thousands of $)	2026	2025
Net cash provided by operating activities	73,079	100,577

Net cash used in investing activities	(168,904)	(61,965)

Net cash used in financing activities	(58,618)	(60,881)


Net decrease in cash and cash equivalents and restricted cash	(154,443)	(22,269)
Cash and cash equivalents and restricted cash at the beginning of the period	1,215,417	716,582
Cash and cash equivalents and restricted cash at the end of the period	1,060,974	694,313

Operating activities

Our primary source of cash is generated from the operations of FLNG Hilli and FLNG Gimi. We historically also generate cash flows from vessel management services and FSRU O&M contracts, these activities will be terminated during 2026. Cash used in operating activities primarily relates to crew expenses, repairs and maintenance, spares, stores and consumables, and insurance. Additional operating cash outflows include employee compensation and benefits, audit and accounting fees, legal expenses, general corporate overhead, and project development costs for both existing and prospective FLNG business growth initiatives.

Net cash provided by operating activities decreased by $27.5 million for the three months ended March 31, 2026, compared to the same period in 2025, driven by lower realized gains on oil and gas derivative instruments related to FLNG Hilli due to lower oil and TTF prices and the general timing of working capital during the three months ended March 31, 2026 compared with the same period in 2025.

Investing activities

Cash used in investing activities primarily reflects expenditures related to FLNG conversion projects, loans to related parties, and the acquisition of investments. Conversely, cash provided by investing activities is mainly comprised of proceeds from equity subscriptions, disposals of equity method investments and long-lived assets, as well as repayments of loans by related parties.

Net cash used in investing activities increased by $106.9 million for the three months ended March 31, 2026 compared with the same period in 2025, primarily driven by lower non-recurring cash inflows of $100.9 million relating to the proceeds from disposal of our investment in Avenir and the Golar Arctic, non-controlling interest’s equity subscription in Gimi MS Corporation and repayments of loans by related parties. The increase in net cash used was further driven by increase in contribution to equity method investments and loans advanced to related parties of $5.6 million and $2.3 million, respectively for the three months ended March 31, 2026 compared with the same period in 2025.

Financing activities

Cash provided by financing activities primarily consists of proceeds from short-term and long-term debt issuances. Conversely, cash used in financing activities mainly reflects repayments of debt, dividend payments, financing costs, and repurchases of our common shares.

Net cash used in financing activities decreased by $2.3 million for the three months ended March 31, 2026, compared to the same period in 2025, primarily driven by higher cash inflows of $5.2 million from the exercise of share options and lesser scheduled debt repayments of $1.5 million, partially offset by increase in dividends paid to both Golar LNG and Gimi MS Corporation shareholders of $3.9 million.

GOLAR LNG LIMITED

INDEX TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS


												PAGE
Unaudited Consolidated Statements of Operations for the three months ended March 31, 2026 and 2025												13

Unaudited Consolidated Statements of Comprehensive Income for the three months ended March 31, 2026 and 2025												14

Unaudited Consolidated Balance Sheets as of March 31, 2026 and December 31, 2025												15

Unaudited Consolidated Statements of Cash Flows for the three months ended March 31, 2026 and 2025												16

Unaudited Consolidated Statements of Changes in Equity for the three months ended March 31, 2026 and 2025												18

Notes to the Unaudited Condensed Consolidated Financial Statements												19

GOLAR LNG LIMITED

UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS


(in thousands of $, except per share data)	Notes	Three months ended March 31,
		2026		2025
Liquefaction services revenue (including related party of $52.2 million in 2026)		56,222		55,688
Sales-type lease revenue		49,977		—
Vessel management fees and other revenues		31,355		5,938
Time and voyage charter revenues		—		876
Total operating revenues	4, 5	137,554		62,502

Vessel operating expenses (including related party of $1.4 million in 2026)	4	(38,732)		(28,470)

Administrative expenses	4	(12,685)		(9,587)
Project development expenses	4	(2,672)		(3,319)
Depreciation and amortization		(16,305)		(12,638)

Total operating expenses		(70,394)		(54,014)

Realized and unrealized gain/(loss) on oil and gas derivative instruments (including related party of $9.7 million in 2026)	4, 7	43,184		(3,788)
Other operating income/(loss)	4	2,165		(1,403)
Total other operating income/(losses)		45,349		(5,191)

Operating income		112,509		3,297


Other non-operating income	4	3,314		—
Total other non-operating income		3,314		—

Interest income	19, 20	10,319		8,699
Interest expense, net		(24,380)		—
Gains/(losses) on derivative instruments, net	8	3,587		(6,795)
Other financial items, net	8	(1,409)		(2,292)
Net financial loss		(11,883)		(388)

Income before taxes and net income from equity method investments		103,940		2,909
Income tax expense		(923)		(179)
Net (loss)/income from equity method investments	13	(1,213)		10,209
Net income		101,804		12,939





Net income attributable to non-controlling interests		(18,226)		(4,742)



Net income attributable to stockholders of Golar LNG Limited		83,578		8,197

Basic earnings per share ($)	6	$	0.82	$	0.08
Diluted earnings per share ($)	6	$	0.77	$	0.08

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

GOLAR LNG LIMITED

UNAUDITED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME


(in thousands of $)	Notes	Three months ended March 31,
		2026	2025

Net income		101,804	12,939

Other comprehensive income:
Gains associated with pensions, net of tax		1,368	554
Share of equity method investment’s comprehensive (loss)/income(1)		(773)	576
Net other comprehensive income		595	1,130

Comprehensive income		102,399	14,069

Comprehensive income attributable to:

Stockholders of Golar LNG Limited		84,173	9,327
Non-controlling interests		18,226	4,742

Comprehensive income		102,399	14,069

(1) No tax impact for the three months ended March 31, 2026 and 2025.

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

GOLAR LNG LIMITED

UNAUDITED CONSOLIDATED BALANCE SHEETS


		2026	2025
	Notes	March 31,	December 31,
(in thousands of $)		Unaudited	Audited
ASSETS
Current assets
Cash and cash equivalents		1,007,085	1,151,221
Restricted cash	10	15,721	24,695
Trade accounts receivable and accrued income	19	60,718	35,518
Amounts due from related parties	20	22,984	23,228
Current portion of net investment in sales-type lease	5	145,847	146,829

Other current assets	11	65,503	32,013
Total current assets		1,317,858	1,413,504

Non-current assets
Restricted cash	10	38,168	39,501
Equity method investments	13	58,433	45,011
Assets under development	12	1,321,245	1,228,129
Vessels and equipment, net	4, 17	921,719	931,192
Net investment in sales-type lease	5	1,593,673	1,601,452
Intangible assets		2,122	2,070

Non-current amounts due from related parties	20	2,601	1,691
Other non-current assets	14	90,962	63,051
Total assets		5,346,781	5,325,601

LIABILITIES AND EQUITY
Current liabilities
Current portion of long-term debt and short-term debt	15	(286,285)	(301,202)
Trade accounts payable (including related party of $3.0 million in 2025)	19	(41,333)	(123,605)
Accrued expenses	16	(145,441)	(101,619)
Amounts due to related parties	20	(2,712)	—
Other current liabilities	17	(37,152)	(28,914)
Total current liabilities		(512,923)	(555,340)

Non-current liabilities
Long-term debt	15	(2,440,379)	(2,456,822)

Other non-current liabilities	18	(244,733)	(245,885)
Total liabilities		(3,198,035)	(3,258,047)

EQUITY
Stockholders’ equity		(1,910,592)	(1,842,976)
Non-controlling interests		(238,154)	(224,578)

Total liabilities and equity		(5,346,781)	(5,325,601)

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

GOLAR LNG LIMITED

UNAUDITED CONSOLIDATED STATEMENTS OF CASHFLOWS


	Notes	Three months ended March 31,
(in thousands of $)		2026	2025
OPERATING ACTIVITIES
Net income		101,804	12,939


Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		16,305	12,638


Sales-type lease receivable in excess of interest income	4	10,263	—
Compensation cost related to employee stock awards		3,321	3,102
Amortization of deferred financing costs and debt guarantees, net		2,370	903
Net loss/(income) from equity method investments	13	1,213	(10,209)

Net foreign exchange losses	8	527	1,497
Provision for credit loss	4, 20	260	952

Loss on disposal of long-lived asset	4	—	451
Change in fair value of derivative instruments (interest rate swaps)	8	(3,037)	7,237
Change in fair value of oil and gas derivative instruments, commodity swaps and amortization of day 1 gains		(36,593)	21,909
Changes in assets and liabilities:
Trade accounts receivable and accrued income		(25,200)	3,500

Other current and non-current assets		(6,036)	2,976
Amounts due from/to related parties		4,655	580
Trade accounts payable		(10,886)	(1,863)
Accrued expenses		9,844	(481)
Other current and non-current liabilities		4,269	44,446
Net cash provided by operating activities		73,079	100,577



















INVESTING ACTIVITIES
Additions to assets under development		(132,782)	(152,558)
Additions for Hilli redeployment		(17,663)	—
Additions to equity method investments		(15,408)	(9,780)
Loan advanced to related party	20	(2,869)	(521)
Additions to intangibles		(182)	—


Proceeds from repayment of loan advanced to related party		—	17,930

Proceeds from subscription of equity interest in Gimi MS	9	—	18,993
Consideration received for the sale of long-lived asset	4	—	24,828




Proceeds from sale of equity method investments	13	—	39,143
Net cash used in investing activities		(168,904)	(61,965)







FINANCING ACTIVITIES
Repayments of short-term and long-term debt		(33,730)	(35,197)

Cash dividends paid		(30,032)	(26,146)
Financing costs paid		(521)	—
Proceeds from exercise of share options		5,665	462




Net cash used in financing activities		(58,618)	(60,881)


	Notes	Three months ended March 31,
(in thousands of $)		2026	2025









Net decrease in cash and cash equivalents and restricted cash		(154,443)	(22,269)
Cash and cash equivalents and restricted cash at the beginning of the period		1,215,417	716,582
Cash and cash equivalents and restricted cash at the end of the period		1,060,974	694,313

Supplemental note to the unaudited consolidated statements of cash flows

The following table identifies the balance sheet line-items included in cash, cash equivalents and restricted cash presented in the unaudited consolidated statements of cash flows:


(in thousands of $)	March 31, 2026	December 31, 2025	March 31, 2025	December 31, 2024
Cash and cash equivalents	1,007,085	1,151,221	521,434	566,384
Restricted cash	15,721	24,695

SEC Form 6-K filed by Golar Lng Ltd