Quarterly revenue of $145.7 million, remaining stable from Q4 2020
Net loss was $39.5 million, as compared to the Q4 2020 net loss of $0.5 million, which was primarily a result of higher LNG cost in Q1 2021 vs. Q4 2020 as well as costs associated with Hygo and GMLP acquisitions
Operating Margin
(4) decreased by $28.1 million in Q1 2021 vs Q4 2020, which is line with our expectations due to higher LNG cost
Average daily volumes sold in Q1 2021 were approximately 1.4 million GPD Operating Margin is a non-GAAP financial measure. For definitions and reconciliations of non-GAAP results please refer to the exhibit to this press release.
Please refer to our Q1 2021 Investor Presentation (the Presentation ) for further information about the following terms: