Golar LNG Limited
golarlng.comWhat Do They Do?
Runs floating facilities that liquefy natural gas for gas resource owners and energy companies.
20-F for FY2025, filed Mar 26, 2026We design, convert, own and operate marine infrastructure for the liquefaction of natural gas, and are a leading provider of FLNG as a…View ↗
Our strategy is to provide market-leading FLNG operations and maintain balance sheet flexibility to maximize shareholder returns through…View ↗
Our FLNG units are under long-term contracts, including the MKII FLNG which is still under conversion, with international energy companies…View ↗
How Do They Make Money?
Gas resource owners pay for liquefaction capacity under customer contracts, with liquefaction services billed monthly. Golar also earns vessel-management and other service fees, lease income and vessel-charter income.
20-F for FY2025, filed Mar 26, 2026For liquefaction services revenue, the provision of liquefaction services capacity is considered a single performance obligation recognized…View ↗
Year ended December 31, (in thousands of $) 2025 2024 2023 Liquefaction services revenue (note 7.1) 226,794 224,959 245,418 Sales-type…View ↗
(8) Comprised of revenue earned from various vessel management, administrative and vessel operation and maintenance services which we…View ↗
$393.5M
-
20-F for FY2025, filed Mar 26, 2026
$393.5M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Liquefaction services revenue
Recurring
20-F for FY2025, filed Mar 26, 2026 |
58%
FY2022: 80%
|
Liquefaction services revenue, FY2025
$226.8M Sources
|
Recurring |
|
Sales-type lease revenue
|
23% |
Sales-type lease revenue, FY2025
$91.5M Sources
|
|
|
Vessel management fees and other revenues
|
19%
FY2022: 16%
|
Vessel management fees and other revenues, FY2025
$74.4M Sources
|
|
|
Time and voyage charter revenues
|
0.2%
FY2022: 3.6%
|
Time and voyage charter revenues, FY2025
$876K Sources
|
Who Are Their Customers?
Golar contracts with international energy companies and regional partners for FLNG services.
20-F for FY2025, filed Mar 26, 2026Our FLNG units are under long-term contracts, including the MKII FLNG which is still under conversion, with international energy companies…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 17 cents of every revenue dollar as net income in FY2025.
20-F for FY2025, filed Mar 26, 2026
How Are They Changing?
Growing. Revenue grew 51% in 4 years, from $260.3M in FY2021 to $393.5M in FY2025, about 11% a year.
Exit from LNG shipping
The older report describes LNG shipping alongside floating liquefaction, while the latest report says Golar has fully exited its legacy shipping business and focuses on floating liquefaction.
20-F for FY2022, filed Mar 31, 2023 20-F for FY2025, filed Mar 26, 2026
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