Golar LNG Limited preliminary fourth quarter and financial year 2023 results

February 29, 2024

https://www.globenewswire.com/news-release/2024/02/29/2837745/0/en/Golar-LNG-Limited-preliminary-fourth-quarter-and-financial-year-2023-results.html

Highlights and subsequent events

FLNG Hilli: Continued her market leading operational track record and exceeded her contracted 2023 production volume resulting in a release of the remaining 2022 contract year underutilization balance of $29 million to the income statement and the recognition of $0.3 million of 2023 over production revenue. Q4 2023 Distributable Adjusted EBITDA1 from FLNG Hilli, which excludes the non-cash $29 million underutilization balance released, was $89 million, of which Golar’s share was $84 million, an $11 million increase compared to Q3 2023, driven by higher Brent oil prices.

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