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Golar LNG announces its 4Q18 results

Published by
LNG Industry,


Golar LNG Partners L.P. has published its preliminary 4Q18 and financial year 2018 results:

Highlights:

  • Exclusive of its interest in FLNG Hilli Episeyo, Golar LNG Partners LP generated operating income of US$31.8 million for 4Q18.
  • After accounting for US$27.5 million of non-cash interest rate swap losses, the partnership reported a net loss attributable to unit holders of US$19.0 million for 4Q.
  • Generated distributable cash flow1 of US$34.4 million for the fourth quarter resulting in a distribution coverage ratio1 of 1.20.
  • Completed dry-dock and modifications of FSRU Golar Freeze and repositioned vessel to new contract location in Jamaica.
  • Achieved 100% utilisation of carrier Golar Mazo.
  • Methane Princess completed dry-dock and recommenced its charter to Shell.

Subsequent events

  • Charterers of FSRU Golar Igloo exercised option to extend charter for 1-year.
  • Charterers of the LNG carrier Golar Grand exercised option to extend charter by 1-year.
  • Declared a distribution for the fourth quarter of US$0.4042 per unit.

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/28022019/golar-lng-announces-its-4q18-results/

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