# ALNG ASA Q2 2026 report.pdf

- Press release: ALNG ASA – Second quarter 2026 results (2026-08-18)
- Original: https://api3.oslo.oslobors.no/v1/newsreader/attachment?messageId=680038&attachmentId=331305
- Local copy: discarded after extraction (re-fetchable from Original)

**TL;DR —** ALNG ASA reported a net loss of $6.4 million in Q2 2026, consistent with Q1, driven by volatile spot rates, geopolitical disruptions, and lower vessel utilization, despite a capital raise of approximately $29 million.

## Takeaways
- **Net Loss:** ALNG reported a net loss of $6.4 million in Q2 2026, matching Q1 2026, and a first-half net loss of $12.8 million.
- **Net TCE:** The net Time Charter Equivalent (TCE) was $32,600 per day in Q2 2026, down from $34,200 in Q1 2026, and significantly lower than $42,600 per day in Q2 2025.
- **Vessel Utilization:** Vessel utilization for Q2 2026 was 66%, a slight decrease from 68% in Q1 2026.
- **EBITDA:** Q2 2026 EBITDA was $0.6 million, down from $0.9 million in Q1 2026, and substantially lower than $3.9 million in Q2 2025.
- **Capital Raise:** The company completed a subsequent offering in June 2026, raising NOK 29.6 million (approx. $3.0 million), following a private placement in April that raised NOK 251.3 million (approx. $26 million).
- **Cash Position:** Cash and cash equivalents increased to $33.3 million at the end of Q2 2026, up from $7.8 million at the end of Q1 2026.

*Generated 2026-09-25 via google/gemini-2.5-flash*