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Golar LNG Q3 Net Income $141.1M

Profitability: Net income attributable to Golar of $141.1 million for the quarter, including: A $57.0 million realized gain (100% basis) on the FLNG Hilli Brent oil and TTF
byBenzinga Newsdesk
November 16, 2022
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  • Profitability: Net income attributable to Golar of $141.1 million for the quarter, including:
    • A $57.0 million realized gain (100% basis) on the FLNG Hilli Brent oil and TTF natural gas linked derivative instruments.
    • A $12.4 million unrealized gain (100% basis) on the FLNG Hilli Brent oil and TTF natural gas linked derivative instruments.
    • A $51.4 million unrealized mark-to-market gain recognized on Golar’s then 12.4 million NFE shares based on a September 30, 2022 carrying value of $43.71 per share.
    • A $25.5 million unrealized gain on interest rate swaps.
    • A $14.4 million reversal of Q1 and Q2 overproduction fees accrued in respect of FLNG Hilli.
    • $10.0 million of net income from affiliates.
 
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