Golar LNG Limited (0HDY.L) Q2 2024 Earnings Report

Golar LNG Limited reported Q2 2024 (QQ2 2024) revenue of $64.689 million with a gross profit of $17.924 million and EBITDA of $51.275 million. Operating income stood at $8.546 million, while net income was $25.907 million driven predominantly by non-operating items, as total other income and expenses contributed $28.949 million to pre-tax earnings. After a minimal tax expense of $0.140 million, net income reached $25.907 million, yielding a net margin of approximately 40%. The strong non-operating inflows, coupled with disciplined operating expense management, produced a solid quarterly result but mask a relatively modest core operating performance. On the cash flow front, operating cash flow was $54.467 million and free cash flow was $27.986 million, underpinning a cash balance of $547.13 million at quarter-end.