ALNG Q2 net loss holds at USD 6.4 million; freight income falls to USD 7.3 million

Reuters2026/08/18 05:31

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ALNG posted a net loss of USD 6.4 million in Q2 2026, unchanged from Q1 2026; loss per share narrowed to USD 0.03.
Freight income fell to USD 7.3 million from USD 8.2 million in Q1, while EBITDA eased to USD 0.6 million from USD 0.9 million.
Vessel utilization dipped to 66% from 68%, while net TCE slipped to USD 32,600 per day from USD 42,600 a year earlier.
Cash climbed to USD 33.3 million from USD 7.8 million, following a subsequent offering raising about USD 3 million gross proceeds.
Management said spot rates were volatile amid Middle East disruptions; WilPride fixed a six-month charter above USD 70,000 per day.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ALNG ASA published the original content used to generate this news brief on August 18, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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ALNG Q2 net loss holds at USD 6.4 million; freight income falls to USD 7.3 million

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