Golar LNG Ltd. reported its financial results, showing a 4% decrease in total operating revenues for the period, amounting to $62.5 million compared to $64.9 million in the previous period. The company also highlighted a significant drop in adjusted EBITDA, which fell by 36% to $40.9 million from $63.6 million. Net income for the period was reported at $12.9 million, a decrease from $15.0 million in the previous quarter. Golar's share of contractual debt increased by 24% to $1.5 billion from $1.2 billion. The company did not provide specific outlook or guidance figures, citing the inability to reconcile certain forward-looking non-GAAP measures due to uncertainties such as oil and gas prices and exchange rates. The financial report reflects Golar's ongoing business performance and includes insights into areas such as vessel operating expenses and administrative expenses, which were reported at $28.5 million and $9.6 million, respectively, for the period.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.