Interim results for the period ended 30 September 2018
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).
Established small-scale LNG entity Avenir LNG Limited ("Avenir") in conjunction with Stolt-Nielsen Limited ("Stolt-Nielsen") and Höegh LNG Holdings Limited ("Höegh").
FLNG Hilli Episeyo maintains 100% commercial uptime following acceptance. Export of the vessel's 10th LNG cargo currently in progress.
Shipping market improvement continues. Expected 4Q 2018 TCE1 based on fixtures to date in range of $70,000 - $80,000 for all ships and $85,000 - $95,000 for TFDE vessels.
The Board approved an increase in the quarterly dividend to $0.15 cents per share in light of a solid cash position, a s....