Golar LNG Limited Interim Results for Period Ended September 30, 2013
OREANDA-NEWS. Golar LNG ("Golar" or the "Company") reports third quarter 2013 ("third quarter") net loss of USD 13.1 million (including a non-cash loss of USD 8.2 million on interest rate swaps).
EBITDA* generated in the quarter amounts to a loss of USD 3.3 million.
Golar concludes USD 1.1 billion funding facility for eight of its thirteen newbuilds.
Ten year FSRU time charter for the Golar Eskimo concluded with the Hashemite Kingdom of Jordan.
Five year FSRU time charter for the Golar Igloo concluded with the Kuwait National Petroleum Company.
Golar Tundra shipbuilding contract amended to include FSRU capability with a revised delivery date of November 2015.
Spot charter rates hold firm however market remains volatile and inefficient - Gimi and Golar Viking experience prolonged periods of offhire.
Board maintains dividend at USD 0.45 for the quarter.
* EBITDA is defined as earnings before interest, depreciation and amortization equal to operating income plus depreciation and amortization.
Subsequent events
The Company takes delivery of the Golar Seal ("Seal") and Golar Celsius ("Celsius") in October.
Golar Arctic commences scheduled drydock.
Golar receives financing commitment in respect of four of its remaining five unfinanced newbuildings.
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