Q3 2021 Golar LNG Ltd Earnings Call Transcript
Hi, all. And welcome to Golar LNG's Q3 earnings results presentation. We would like to thank you for taking time to dial in. My name is Karl Fredrik Staubo, the CEO of Golar LNG.
Before we get into the quarterly results, please note the forward-looking statements on Slide 2. I'm accompanied today by our CFO, Mr. Eduardo Maranhao, to present this quarter's results.
Turning to Slide 3 and Q3 highlights. We report revenue for the quarter of $107 million, a year-over-year increase of 12%, and an adjusted EBITDA of $74 million, up 30% year-over-year. We expect to continue to see a strong growth in our earnings across both our FLNG segment and Shipping, and we'll get into the details of which throughout this presentation.
Starting off on FLNG, we continued to deliver 100% uptime on Hilli, which now has delivered its 63rd LNG cargo more than any other FLNG globally. Furthermore, we hedged 50% of our TTF linked commodity exposure for Q1 '22 at $28 per MMBtu, implying a Q1 earnings from our Train 3 production of $21.2 million for the quarter
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