FLEX LNG Key Executives
This section highlights FLEX LNG's key executives, including their titles and compensation details.
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FLEX LNG Earnings
This section highlights FLEX LNG's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Last Earnings Results
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|---|---|---|---|---|
| Read Transcript | Q4 | 2024 | 2025-02-04 | $0.51 | $0.57 |
| Read Transcript | Q3 | 2024 | 2024-11-12 | $0.54 | $0.53 |
| Read Transcript | Q2 | 2024 | 2024-08-14 | $0.47 | $0.56 |
| Read Transcript | Q1 | 2024 | 2024-05-23 | $0.55 | $0.70 |
| Read Transcript | Q4 | 2023 | 2024-02-07 | $0.67 | $0.70 |
| Read Transcript | Q2 | 2023 | 2023-08-16 | $0.64 | $0.52 |
| Read Transcript | Q1 | 2023 | 2023-05-16 | $0.74 | $0.65 |
Flex LNG Ltd., through its subsidiaries, engages in the seaborne transportation of liquefied natural gas (LNG) worldwide. As of February 16, 2022, it owned and operated nine M-type electronically controlled gas injection LNG carriers; and four vessels with generation X dual fuel propulsion systems. It also provides chartering and management services. Flex LNG Ltd. was incorporated in 2006 and is based in Hamilton, Bermuda.
$22.37
Stock Price
$1.21B
Market Cap
351
Employees
Hamilton, None
Location
Financial Statements
Access annual & quarterly financial statements for FLEX LNG, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Revenue | $356.35M | $371.02M | $347.92M | $343.45M | $164.46M |
| Cost of Revenue | $148.77M | $143.40M | $138.16M | $134.40M | $82.54M |
| Gross Profit | $207.58M | $227.62M | $209.76M | $209.04M | $81.92M |
| Gross Profit Ratio | 58.25% | 61.40% | 60.29% | 60.90% | 49.81% |
| Research and Development Expenses | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $9.79M | $10.47M | $9.15M | $7.89M | $6.30M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $9.79M | $10.47M | $9.15M | $7.89M | $6.30M |
| Other Expenses | $- | $- | $- | $-1.21M | $- |
| Operating Expenses | $9.79M | $10.47M | $9.15M | $7.89M | $6.30M |
| Cost and Expenses | $158.56M | $153.87M | $147.30M | $142.29M | $88.84M |
| Interest Income | $4.47M | $4.87M | $2.00M | $41.00K | $327.00K |
| Interest Expense | $105.59M | $108.72M | $76.60M | $56.22M | $41.80M |
| Depreciation and Amortization | $75.48M | $73.36M | $72.22M | $69.83M | $41.85M |
| EBITDA | $298.89M | $302.20M | $336.96M | $270.99M | $117.47M |
| EBITDA Ratio | 83.87% | 81.45% | 78.85% | 78.87% | 71.57% |
| Operating Income | $197.79M | $217.16M | $200.62M | $201.16M | $75.62M |
| Operating Income Ratio | 55.51% | 58.53% | 57.66% | 58.57% | 45.98% |
| Total Other Income Expenses Net | $-79.98M | $-97.04M | $-12.47M | $-38.85M | $-67.43M |
| Income Before Tax | $117.82M | $120.12M | $188.14M | $162.30M | $8.19M |
| Income Before Tax Ratio | 33.06% | 32.37% | 54.08% | 47.26% | 4.98% |
| Income Tax Expense | $132.00K | $78.00K | $98.00K | $99.00K | $84.00K |
| Net Income | $117.68M | $120.04M | $188.04M | $162.21M | $8.11M |
| Net Income Ratio | 33.02% | 32.35% | 54.05% | 47.23% | 4.93% |
| EPS | $2.19 | $2.24 | $3.53 | $3.04 | $0.15 |
| EPS Diluted | $2.18 | $2.22 | $3.51 | $3.04 | $0.15 |
| Weighted Average Shares Outstanding | 53.85M | 53.70M | 53.20M | 53.32M | 54.10M |
| Weighted Average Shares Outstanding Diluted | 54.03M | 53.99M | 53.52M | 53.34M | 54.27M |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $90.93M | $90.48M | $84.70M | $90.23M | $97.23M | $94.58M | $86.73M | $92.48M | $97.93M | $91.26M | $84.16M | $74.57M | $114.59M | $81.76M | $65.84M | $81.26M | $67.37M | $33.15M | $25.75M | $38.19M |
| Cost of Revenue | $38.41M | $37.12M | $37.47M | $35.77M | $37.40M | $36.09M | $36.31M | $33.60M | $34.62M | $36.13M | $33.89M | $33.51M | $35.33M | $33.72M | $33.57M | $31.78M | $29.48M | $20.37M | $15.36M | $17.33M |
| Gross Profit | $52.53M | $53.36M | $47.23M | $54.46M | $59.83M | $58.49M | $50.42M | $58.88M | $63.30M | $55.13M | $50.27M | $41.06M | $79.26M | $48.03M | $32.27M | $49.48M | $37.89M | $12.78M | $10.39M | $20.86M |
| Gross Profit Ratio | 57.80% | 59.00% | 55.80% | 60.40% | 61.50% | 61.80% | 58.10% | 63.70% | 64.60% | 60.40% | 59.70% | 55.10% | 69.20% | 58.80% | 49.00% | 60.90% | 56.25% | 38.55% | 40.36% | 54.61% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $2.65M | $1.88M | $2.74M | $2.52M | $2.11M | $2.29M | $2.20M | $3.87M | $2.30M | $2.33M | $1.82M | $2.70M | $1.98M | $1.66M | $2.52M | $1.73M | $1.59M | $1.57M | $1.57M | $1.57M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $2.65M | $1.88M | $2.74M | $2.52M | $2.11M | $2.29M | $2.20M | $3.87M | $2.30M | $2.33M | $1.82M | $2.70M | $1.98M | $1.66M | $2.52M | $1.73M | $1.59M | $1.57M | $1.57M | $1.57M |
| Other Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-1.21M | $- | $- | $- | $- | $- | $- | $- |
| Operating Expenses | $2.65M | $1.88M | $2.74M | $2.52M | $2.11M | $2.29M | $2.20M | $3.87M | $2.30M | $2.33M | $1.82M | $2.70M | $1.98M | $1.66M | $2.52M | $1.73M | $1.59M | $1.57M | $1.57M | $1.57M |
| Cost and Expenses | $41.06M | $39.00M | $40.20M | $38.30M | $39.51M | $38.38M | $38.50M | $37.47M | $36.92M | $38.46M | $35.71M | $36.21M | $37.30M | $35.38M | $36.09M | $33.51M | $31.07M | $21.94M | $16.93M | $18.91M |
| Interest Income | $1.47M | $937.00K | $1.12M | $937.00K | $950.00K | $945.00K | $1.28M | $1.69M | $1.06M | $649.00K | $267.00K | $29.00K | $21.00K | $8.00K | $5.00K | $7.00K | $176.00K | $8.00K | $14.00K | $129.00K |
| Interest Expense | $25.47M | $26.32M | $27.12M | $26.69M | $27.66M | $27.54M | $27.20M | $26.32M | $24.54M | $21.56M | $15.86M | $14.64M | $14.37M | $14.32M | $14.01M | $13.53M | $12.26M | $9.95M | $9.50M | $10.11M |
| Depreciation and Amortization | $19.02M | $19.01M | $18.91M | $18.54M | $18.76M | $18.74M | $18.25M | $17.62M | $18.20M | $18.20M | $18.01M | $17.81M | $18.27M | $18.20M | $17.12M | $16.24M | $13.97M | $10.71M | $8.58M | $8.59M |
| EBITDA | $89.76M | $62.75M | $63.41M | $70.47M | $76.48M | $74.94M | $66.47M | $72.63M | $84.22M | $71.00M | $66.46M | $56.17M | $102.14M | $64.58M | $46.87M | $63.99M | $52.07M | $24.52M | $17.41M | $3.79M |
| EBITDA Ratio | 98.71% | 69.35% | 74.87% | 78.10% | 78.66% | 80.01% | 77.81% | 80.21% | 81.83% | 78.36% | 77.76% | 75.48% | 83.37% | 78.93% | 71.06% | 78.71% | 74.84% | 66.06% | 67.62% | 73.25% |
| Operating Income | $49.88M | $51.49M | $44.49M | $51.94M | $57.72M | $56.20M | $48.22M | $55.01M | $61.01M | $52.80M | $48.45M | $38.36M | $77.28M | $46.38M | $29.75M | $47.75M | $36.30M | $11.21M | $8.83M | $19.29M |
| Operating Income Ratio | 54.85% | 56.90% | 52.53% | 57.56% | 59.37% | 59.42% | 55.60% | 59.49% | 62.30% | 57.85% | 57.57% | 51.44% | 67.44% | 56.72% | 45.18% | 58.76% | 53.88% | 33.81% | 34.27% | 50.50% |
| Total Other Income Expenses Net | $-4.60M | $-34.06M | $-22.59M | $-18.73M | $-38.33M | $-11.07M | $-9.20M | $-38.44M | $-19.53M | $-6.18M | $-4.18M | $17.42M | $-7.78M | $-13.58M | $-16.98M | $-514.00K | $-10.46M | $-7.34M | $-15.44M | $-34.19M |
| Income Before Tax | $45.28M | $17.43M | $21.91M | $33.20M | $19.39M | $45.13M | $39.02M | $16.57M | $41.48M | $46.61M | $44.27M | $55.78M | $69.50M | $32.80M | $12.77M | $47.24M | $25.84M | $3.87M | $-6.62M | $-14.90M |
| Income Before Tax Ratio | 49.79% | 19.26% | 25.87% | 36.80% | 19.95% | 47.72% | 44.99% | 17.91% | 42.36% | 51.08% | 52.60% | 74.80% | 60.65% | 40.12% | 19.39% | 58.13% | 38.35% | 11.66% | -25.69% | -39.02% |
| Income Tax Expense | $62.00K | $18.00K | $72.00K | $-20.00K | $4.00K | $33.00K | $5.00K | $36.00K | $44.00K | $27.00K | $11.00K | $16.00K | $71.00K | $-8.00K | $28.00K | $8.00K | $23.00K | $44.00K | $41.00K | $-24.00K |
| Net Income | $45.22M | $17.41M | $21.84M | $33.22M | $19.39M | $45.10M | $39.02M | $16.53M | $41.43M | $46.59M | $44.26M | $55.76M | $69.43M | $32.81M | $12.74M | $47.23M | $25.82M | $3.82M | $-6.66M | $-14.88M |
| Net Income Ratio | 49.73% | 19.24% | 25.78% | 36.82% | 19.94% | 47.68% | 44.99% | 17.88% | 42.31% | 51.05% | 52.59% | 74.78% | 60.59% | 40.13% | 19.35% | 58.12% | 38.32% | 11.53% | -25.85% | -38.95% |
| EPS | $0.84 | $0.32 | $0.41 | $0.62 | $0.36 | $0.84 | $0.73 | $0.31 | $0.78 | $0.88 | $0.83 | $1.05 | $1.31 | $0.62 | $0.24 | $0.88 | $0.48 | $0.07 | $-0.12 | $-0.27 |
| EPS Diluted | $0.84 | $0.32 | $0.40 | $0.62 | $0.36 | $0.84 | $0.72 | $0.31 | $0.78 | $0.87 | $0.83 | $1.05 | $1.30 | $0.62 | $0.24 | $0.88 | $0.48 | $0.07 | $-0.12 | $-0.27 |
| Weighted Average Shares Outstanding | 53.85M | 53.88M | 53.85M | 53.74M | 53.74M | 53.69M | 53.68M | 53.68M | 53.37M | 53.17M | 53.14M | 53.13M | 53.13M | 53.18M | 53.31M | 53.67M | 54.07M | 54.11M | 54.11M | 54.11M |
| Weighted Average Shares Outstanding Diluted | 54.03M | 54.04M | 54.03M | 53.99M | 53.98M | 53.96M | 53.94M | 53.93M | 53.37M | 53.50M | 53.45M | 53.35M | 53.31M | 53.23M | 53.46M | 53.85M | 54.30M | 54.30M | 54.11M | 54.11M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $437.15M | $410.43M | $332.33M | $200.65M | $128.88M |
| Short Term Investments | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $437.15M | $410.43M | $332.33M | $200.65M | $128.88M |
| Net Receivables | $25.61M | $19.93M | $4.86M | $14.78M | $13.88M |
| Inventory | $4.82M | $5.09M | $5.26M | $6.45M | $3.66M |
| Other Current Assets | $6.79M | $7.62M | $11.60M | $3.00M | $11.34M |
| Total Current Assets | $474.38M | $443.06M | $354.05M | $224.89M | $157.84M |
| Property Plant Equipment Net | $2.15B | $2.22B | $2.27B | $2.34B | $2.15B |
| Goodwill | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $- | $- | $- | $- | $- |
| Long Term Investments | $- | $48.83M | $55.52M | $5.86M | $109.00K |
| Tax Assets | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $40.09M | $- | $-2.33B | $-2.35B | $- |
| Total Non-Current Assets | $2.19B | $2.27B | $2.33B | $2.35B | $2.15B |
| Other Assets | $- | $- | $- | $- | $- |
| Total Assets | $2.67B | $2.71B | $2.68B | $2.57B | $2.30B |
| Account Payables | $2.00M | $3.51M | $1.79M | $2.02M | $3.37M |
| Short Term Debt | $106.71M | $103.87M | $95.51M | $81.47M | $64.47M |
| Tax Payables | $- | $- | $- | $- | $- |
| Deferred Revenue | $37.12M | $32.44M | $32.96M | $26.87M | $25.34M |
| Other Current Liabilities | $12.94M | $13.45M | $22.93M | $21.23M | $38.65M |
| Total Current Liabilities | $158.78M | $153.27M | $153.20M | $131.59M | $131.83M |
| Long Term Debt | $1.70B | $1.71B | $2.22B | $2.26B | $1.92B |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $- | $- | $-597.80M | $-710.45M | $-579.82M |
| Total Non-Current Liabilities | $1.70B | $1.71B | $1.62B | $1.55B | $1.34B |
| Other Liabilities | $- | $- | $- | $- | $- |
| Total Liabilities | $1.86B | $1.86B | $1.77B | $1.68B | $1.47B |
| Preferred Stock | $- | $- | $- | $- | $- |
| Common Stock | $545.00K | $5.45M | $5.45M | $5.41M | $5.41M |
| Retained Earnings | $-277.49M | $-354.87M | $-293.69M | $-295.63M | $-358.91M |
| Accumulated Other Comprehensive Income Loss | $- | $- | $0 | $0 | $-0 |
| Other Total Stockholders Equity | $1.08B | $1.20B | $1.20B | $1.18B | $1.19B |
| Total Stockholders Equity | $806.63M | $847.65M | $907.09M | $889.39M | $835.17M |
| Total Equity | $806.63M | $847.65M | $907.09M | $889.39M | $835.17M |
| Total Liabilities and Stockholders Equity | $2.67B | $2.71B | $2.68B | $2.57B | $2.30B |
| Minority Interest | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $2.67B | $2.71B | $2.68B | $2.57B | $2.30B |
| Total Investments | $- | $48.83M | $55.52M | $5.86M | $109.00K |
| Total Debt | $1.81B | $1.81B | $1.71B | $1.63B | $1.40B |
| Net Debt | $1.37B | $1.40B | $1.38B | $1.43B | $1.27B |
Balance Sheet Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $437.15M | $289.52M | $370.25M | $383.34M | $410.54M | $429.42M | $449.83M | $474.95M | $332.33M | $271.12M | $283.66M | $174.05M | $200.65M | $138.12M | $144.15M | $139.04M | $128.88M | $75.77M | $115.92M | $120.75M |
| Short Term Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $437.15M | $289.52M | $370.25M | $383.34M | $410.54M | $429.42M | $449.83M | $474.95M | $332.33M | $271.12M | $283.66M | $174.05M | $200.65M | $138.12M | $144.15M | $139.04M | $128.88M | $75.77M | $115.92M | $120.75M |
| Net Receivables | $25.61M | $28.12M | $31.92M | $30.66M | $19.93M | $20.95M | $19.11M | $16.13M | $4.86M | $4.55M | $12.00M | $9.93M | $14.78M | $8.89M | $6.87M | $4.93M | $13.88M | $6.79M | $4.92M | $6.83M |
| Inventory | $4.82M | $4.97M | $4.95M | $5.41M | $5.09M | $5.16M | $5.58M | $5.18M | $5.26M | $4.91M | $4.92M | $5.21M | $6.45M | $5.92M | $4.08M | $5.48M | $3.66M | $4.42M | $3.24M | $1.99M |
| Other Current Assets | $6.79M | $9.88M | $8.12M | $10.52M | $7.50M | $8.46M | $7.97M | $13.94M | $11.60M | $7.03M | $8.78M | $4.62M | $3.00M | $3.83M | $2.59M | $7.62M | $11.34M | $11.44M | $12.22M | $10.43M |
| Total Current Assets | $474.38M | $332.49M | $415.25M | $429.92M | $443.06M | $463.99M | $482.50M | $510.20M | $354.05M | $287.61M | $309.36M | $193.81M | $224.89M | $156.75M | $157.69M | $157.07M | $157.84M | $98.42M | $136.31M | $140.00M |
| Property Plant Equipment Net | $2.15B | $2.17B | $2.19B | $2.20B | $2.22B | $2.24B | $2.25B | $2.26B | $2.27B | $2.29B | $2.31B | $2.32B | $2.34B | $2.36B | $2.38B | $2.27B | $2.15B | $1.90B | $1.48B | $1.49B |
| Goodwill | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Long Term Investments | $- | $- | $36.30M | $44.82M | $48.83M | $69.19M | $58.67M | $48.57M | $55.52M | $67.82M | $49.86M | $34.47M | $5.86M | $3.88M | $3.10M | $4.45M | $109.00K | $- | $- | $- |
| Tax Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $40.09M | $25.52M | $- | $- | $- | $-2.31B | $- | $-2.31B | $-2.33B | $-2.36B | $-2.36B | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Non-Current Assets | $2.19B | $2.20B | $2.23B | $2.25B | $2.27B | $2.31B | $2.31B | $2.31B | $2.33B | $2.36B | $2.36B | $2.36B | $2.35B | $2.36B | $2.38B | $2.27B | $2.15B | $1.90B | $1.48B | $1.49B |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-0 | $- | $- | $- | $- |
| Total Assets | $2.67B | $2.53B | $2.64B | $2.68B | $2.71B | $2.77B | $2.80B | $2.82B | $2.68B | $2.64B | $2.67B | $2.55B | $2.57B | $2.52B | $2.54B | $2.43B | $2.30B | $2.00B | $1.62B | $1.63B |
| Account Payables | $2.00M | $2.38M | $2.76M | $2.29M | $3.51M | $3.53M | $5.44M | $4.24M | $1.79M | $5.15M | $2.83M | $4.00M | $2.02M | $3.43M | $665.00K | $5.12M | $3.37M | $1.95M | $292.00K | $2.53M |
| Short Term Debt | $106.71M | $51.10M | $51.04M | $50.69M | $103.87M | $154.12M | $153.69M | $152.74M | $95.51M | $128.04M | $123.10M | $118.30M | $81.47M | $80.60M | $77.67M | $74.10M | $64.47M | $53.74M | $35.93M | $35.71M |
| Tax Payables | $- | $- | $- | $- | $- | $- | $- | $- | $41.48M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $37.12M | $37.03M | $34.07M | $27.01M | $32.44M | $31.63M | $31.77M | $28.88M | $32.96M | $32.04M | $28.55M | $25.27M | $26.87M | $24.16M | $21.61M | $8.41M | $25.34M | $11.35M | $6.12M | $5.61M |
| Other Current Liabilities | $12.94M | $59.61M | $73.73M | $73.59M | $13.45M | $-29.49M | $-25.18M | $-28.03M | $-18.54M | $-12.96M | $-32.49M | $-23.79M | $21.23M | $24.81M | $32.35M | $28.24M | $38.65M | $36.25M | $34.74M | $29.95M |
| Total Current Liabilities | $158.78M | $150.12M | $161.60M | $153.58M | $153.27M | $159.80M | $165.72M | $157.82M | $153.20M | $152.28M | $122.00M | $123.78M | $131.59M | $133.00M | $132.30M | $115.87M | $131.83M | $103.29M | $77.07M | $73.81M |
| Long Term Debt | $1.70B | $1.58B | $1.66B | $1.68B | $2.63B | $2.61B | $2.65B | $2.69B | $2.22B | $2.17B | $2.47B | $2.19B | $2.26B | $1.53B | $1.56B | $1.45B | $1.92B | $1.08B | $726.25M | $735.31M |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $- | $- | $- | $- | $-920.22M | $-872.96M | $-885.80M | $-907.39M | $-597.80M | $-572.11M | $-832.30M | $-665.05M | $-710.45M | $- | $- | $- | $-579.82M | $- | $2.00K | $1.00K |
| Total Non-Current Liabilities | $1.70B | $1.58B | $1.66B | $1.68B | $1.71B | $1.73B | $1.76B | $1.79B | $1.62B | $1.60B | $1.63B | $1.52B | $1.55B | $1.53B | $1.56B | $1.45B | $1.34B | $1.08B | $726.25M | $735.31M |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-0 | $- | $- | $- | $- |
| Total Liabilities | $1.86B | $1.73B | $1.82B | $1.84B | $1.86B | $1.89B | $1.93B | $1.94B | $1.77B | $1.75B | $1.76B | $1.65B | $1.68B | $1.66B | $1.69B | $1.57B | $1.47B | $1.18B | $803.33M | $809.12M |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $1 | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $545.00K | $545.00K | $545.00K | $5.45M | $5.45M | $5.45M | $5.45M | $5.45M | $5.45M | $5.41M | $5.41M | $5.41M | $5.41M | $5.41M | $5.41M | $5.41M | $5.41M | $5.41M | $5.41M | $5.41M |
| Retained Earnings | $-277.49M | $-322.71M | $-340.12M | $-361.95M | $-354.87M | $-327.25M | $-332.08M | $-330.84M | $-293.69M | $-295.17M | $-275.32M | $-279.72M | $-295.63M | $-324.82M | $-336.34M | $-327.76M | $-358.91M | $-379.32M | $-383.14M | $-376.48M |
| Accumulated Other Comprehensive Income Loss | $- | $- | $- | $0 | $-0 | $0 | $-0 | $0 | $0 | $0 | $0 | $0 | $0 | $-0 | $0 | $-104.22M | $-87.98M | $-74.01M | $-63.31M | $-54.73M |
| Other Total Stockholders Equity | $1.08B | $1.12B | $1.16B | $1.20B | $1.20B | $1.20B | $1.20B | $1.20B | $1.20B | $1.18B | $1.18B | $1.18B | $1.18B | $1.18B | $1.18B | $1.18B | $1.19B | $1.19B | $1.19B | $1.19B |
| Total Stockholders Equity | $806.63M | $801.93M | $823.61M | $840.93M | $847.65M | $874.92M | $869.73M | $870.63M | $907.09M | $891.05M | $909.87M | $905.39M | $889.39M | $861.45M | $852.02M | $861.13M | $835.17M | $816.35M | $812.46M | $819.04M |
| Total Equity | $806.63M | $801.93M | $823.61M | $840.93M | $847.65M | $874.92M | $869.73M | $870.63M | $907.09M | $891.05M | $909.87M | $905.39M | $889.39M | $861.45M | $852.02M | $861.13M | $835.17M | $816.35M | $812.46M | $819.04M |
| Total Liabilities and Stockholders Equity | $2.67B | $2.53B | $2.64B | $2.68B | $2.71B | $2.77B | $2.80B | $2.82B | $2.68B | $2.64B | $2.67B | $2.55B | $2.57B | $2.52B | $2.54B | $2.43B | $2.30B | $2.00B | $1.62B | $1.63B |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $2.67B | $2.53B | $2.64B | $2.68B | $2.71B | $2.77B | $2.80B | $2.82B | $2.68B | $2.64B | $2.67B | $2.55B | $2.57B | $2.52B | $2.54B | $2.43B | $2.30B | $2.00B | $1.62B | $1.63B |
| Total Investments | $- | $- | $36.30M | $44.82M | $48.83M | $69.19M | $58.67M | $48.57M | $55.52M | $67.82M | $49.86M | $34.47M | $5.86M | $3.88M | $3.10M | $4.45M | $109.00K | $- | $- | $- |
| Total Debt | $1.81B | $1.63B | $1.71B | $1.79B | $1.81B | $1.84B | $1.86B | $1.89B | $1.71B | $1.69B | $1.71B | $1.61B | $1.63B | $1.61B | $1.63B | $1.53B | $1.40B | $1.13B | $762.18M | $771.02M |
| Net Debt | $1.37B | $1.34B | $1.34B | $1.40B | $1.40B | $1.41B | $1.41B | $1.41B | $1.38B | $1.42B | $1.43B | $1.43B | $1.43B | $1.47B | $1.49B | $1.39B | $1.27B | $1.06B | $646.26M | $650.26M |
Annual Cash Flow
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Net Income | $117.68M | $120.04M | $188.04M | $162.21M | $8.11M |
| Depreciation and Amortization | $75.48M | $73.36M | $72.22M | $69.83M | $41.85M |
| Deferred Income Tax | $- | $- | $- | $-24.24M | $22.82M |
| Stock Based Compensation | $1.06M | $1.75M | $331.00K | $-1.27M | $284.00K |
| Change in Working Capital | $-664.00K | $-19.16M | $14.41M | $6.58M | $9.05M |
| Accounts Receivables | $100.00K | $- | $168.00K | $-1.22M | $1.38M |
| Inventory | $267.00K | $169.00K | $1.19M | $-2.80M | $-970.00K |
| Accounts Payables | $-1.51M | $1.71M | $-222.00K | $-1.36M | $2.79M |
| Other Working Capital | $475.00K | $-21.05M | $13.28M | $11.96M | $5.85M |
| Other Non Cash Items | $-10.77M | $-953.00K | $-55.13M | $1.74M | $7.20M |
| Net Cash Provided by Operating Activities | $182.80M | $175.03M | $219.88M | $214.84M | $89.30M |
| Investments in Property Plant and Equipment | $-4.00K | $-2.00K | $-5.00K | $-265.93M | $-691.39M |
| Acquisitions Net | $- | $- | $- | $- | $- |
| Purchases of Investments | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- |
| Other Investing Activities | $- | $- | $- | $- | $- |
| Net Cash Used for Investing Activities | $-4.00K | $-2.00K | $-5.00K | $-265.93M | $-691.39M |
| Debt Repayment | $-3.21M | $93.83M | $80.26M | $233.16M | $633.34M |
| Common Stock Issued | $1.91M | $- | $15.42M | $- | $- |
| Common Stock Repurchased | $- | $- | $- | $-7.79M | $-1.66M |
| Dividends Paid | $-161.67M | $-181.22M | $-186.09M | $-98.93M | $-10.82M |
| Other Financing Activities | $7.37M | $-9.14M | $1.65M | $-3.34M | $-17.54M |
| Net Cash Used Provided by Financing Activities | $-155.61M | $-96.54M | $-88.76M | $123.10M | $603.32M |
| Effect of Forex Changes on Cash | $-530.00K | $-348.00K | $115.00K | $195.00K | $-1.37M |
| Net Change in Cash | $26.66M | $78.14M | $131.23M | $72.21M | $-136.00K |
| Cash at End of Period | $437.20M | $410.54M | $332.40M | $201.17M | $128.96M |
| Cash at Beginning of Period | $410.54M | $332.40M | $201.17M | $128.96M | $129.10M |
| Operating Cash Flow | $182.80M | $175.03M | $219.88M | $214.84M | $89.30M |
| Capital Expenditure | $-4.00K | $-2.00K | $-5.00K | $-265.93M | $-691.39M |
| Free Cash Flow | $182.79M | $175.03M | $219.88M | $-51.09M | $-602.09M |
Cash Flow Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $45.22M | $17.41M | $21.84M | $33.22M | $19.39M | $45.10M | $39.02M | $16.53M | $41.43M | $46.59M | $44.26M | $55.76M | $69.43M | $32.81M | $12.74M | $47.23M | $25.82M | $3.82M | $-6.66M | $-14.88M |
| Depreciation and Amortization | $19.02M | $19.01M | $18.91M | $18.54M | $18.76M | $18.74M | $18.25M | $17.62M | $18.20M | $18.20M | $18.01M | $17.81M | $18.27M | $18.20M | $17.12M | $16.24M | $13.97M | $10.71M | $8.58M | $8.59M |
| Deferred Income Tax | $- | $- | $- | $- | $-37.99M | $-9.05M | $-10.80M | $- | $- | $- | $- | $- | $-8.19M | $-2.63M | $1.23M | $-14.66M | $-2.75M | $-4.03M | $5.51M | $24.09M |
| Stock Based Compensation | $54.00K | $288.00K | $363.00K | $358.00K | $363.00K | $353.00K | $341.00K | $692.00K | $72.00K | $89.00K | $76.00K | $94.00K | $-1.25M | $62.00K | $-154.00K | $72.00K | $74.00K | $73.00K | $73.00K | $64.00K |
| Change in Working Capital | $3.59M | $566.00K | $9.01M | $-13.83M | $-2.75M | $-9.57M | $9.35M | $-15.84M | $-5.99M | $21.19M | $-1.85M | $1.05M | $-1.15M | $-5.40M | $17.61M | $-4.48M | $14.35M | $9.64M | $-4.28M | $-10.67M |
| Accounts Receivables | $71.00K | $-201.00K | $424.00K | $-194.00K | $-117.94K | $325.28K | $-81.90K | $-850.00K | $21.93K | $-2.55M | $-925.00K | $35.00K | $-2.78M | $-2.49M | $7.49M | $4.05M | $-1.32M | $-2.03M | $1.46M | $3.27M |
| Inventory | $144.00K | $-17.00K | $455.00K | $-315.00K | $64.67K | $426.00K | $-406.00K | $82.00K | $-350.00K | $14.00K | $282.00K | $1.25M | $-538.00K | $-1.84M | $1.40M | $-1.82M | $767.00K | $-1.19M | $-1.25M | $695.00K |
| Accounts Payables | $-379.00K | $-377.00K | $465.00K | $-1.22M | $-58.27K | $-1.91M | $1.20M | $2.44M | $-3.36M | $2.31M | $-1.17M | $1.99M | $-1.41M | $2.77M | $-4.46M | $1.75M | $1.43M | $1.66M | $-2.24M | $1.95M |
| Other Working Capital | $3.76M | $1.16M | $7.66M | $-12.11M | $-2.64M | $-8.42M | $8.64M | $-17.51M | $-2.30M | $21.42M | $-34.00K | $-2.22M | $3.58M | $-3.83M | $13.18M | $-8.46M | $13.48M | $11.19M | $-2.25M | $-16.58M |
| Other Non Cash Items | $-15.60M | $10.89M | $-2.84M | $35.73M | $61.63M | $593.00K | $-15.29M | $19.27M | $-369.00K | $-14.14M | $-8.35M | $-32.27M | $2.25M | $1.25M | $-1.26M | $-497.00K | $155.00K | $-500.00K | $627.00K | $6.92M |
| Net Cash Provided by Operating Activities | $52.28M | $48.17M | $47.28M | $34.86M | $59.40M | $46.16M | $40.87M | $38.28M | $53.35M | $71.93M | $52.15M | $42.45M | $79.36M | $44.29M | $47.30M | $43.90M | $51.62M | $19.70M | $3.86M | $14.12M |
| Investments in Property Plant and Equipment | $- | $-4.00K | $3 | $- | $43 | $-9 | $-2.00K | $-4.53M | $-98 | $-1.00K | $-3.00K | $-1.00K | $-17.00K | $-2.00K | $-129.32M | $-136.85M | $-259.05M | $-432.45M | $- | $- |
| Acquisitions Net | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Purchases of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $260.00K | $- | $- | $- | $- | $91.00K | $15.00K |
| Net Cash Used for Investing Activities | $- | $-4.00K | $- | $- | $43 | $-9 | $-2.00K | $-4.53M | $-98 | $-1.00K | $-3.00K | $-1.00K | $-17.00K | $258.00K | $-129.32M | $-136.85M | $-259.05M | $-432.45M | $91.00K | $15.00K |
| Debt Repayment | $137.09M | $-87.33M | $-26.50M | $-26.46M | $-25.00M | $-26.40M | $-25.89M | $171.12M | $19.51M | $-25.42M | $104.31M | $-29.27M | $25.83M | $-27.13M | $110.11M | $124.35M | $272.81M | $378.06M | $-9.26M | $-8.27M |
| Common Stock Issued | $- | $- | $884.00K | $- | $- | $- | $- | $- | $14.49M | $934.00K | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $140.82K | $-2.15M | $-379.00K | $-5.26M | $-1.66M | $- | $- | $- |
| Dividends Paid | $-40.57M | $-40.40M | $-40.40M | $-40.30M | $-44.04M | $-41.46M | $-41.68M | $-53.68M | $-40.90M | $-59.18M | $-39.86M | $-39.85M | $-40.24M | $-21.29M | $-21.32M | $-16.09M | $-5.41M | $- | $- | $-5.41M |
| Other Financing Activities | $-687.00K | $-1.26M | $6.25M | $4.99M | $-1.45M | $-15.00K | $-156.00K | $-7.53M | $12.80M | $7.43M | $-7.43M | $-20.00K | $-2.07M | $- | $-1.27M | $- | $-5.00M | $-6.00M | $-32.00K | $-6.51M |
| Net Cash Used Provided by Financing Activities | $95.83M | $-129.00M | $-60.65M | $-61.78M | $-80.68M | $-66.67M | $-66.31M | $109.91M | $6.85M | $-83.49M | $57.02M | $-69.14M | $-16.48M | $-50.57M | $87.15M | $103.01M | $260.75M | $372.06M | $-9.30M | $-20.19M |
| Effect of Forex Changes on Cash | $-486.00K | $156.00K | $91.00K | $-291.00K | $255.00K | $95.00K | $-113.00K | $-585.00K | $1.03M | $-975.00K | $30.00K | $30.00K | $151.00K | $-21.00K | $-12.00K | $77.00K | $-167.00K | $510.00K | $535.00K | $-2.25M |
| Net Change in Cash | $- | $-370.25M | $-13.08M | $-27.20M | $-18.96M | $-20.42M | $-25.55M | $143.07M | $61.23M | $-12.54M | $109.20M | $-26.66M | $63.01M | $-6.04M | $5.11M | $10.13M | $53.15M | $-40.18M | $-4.81M | $-8.30M |
| Cash at End of Period | $- | $- | $370.25M | $383.34M | $410.54M | $429.50M | $449.92M | $475.47M | $332.40M | $271.17M | $283.70M | $174.51M | $201.17M | $138.16M | $144.21M | $139.09M | $128.96M | $75.81M | $115.99M | $120.80M |
| Cash at Beginning of Period | $- | $370.25M | $383.34M | $410.54M | $429.50M | $449.92M | $475.47M | $332.40M | $271.17M | $283.70M | $174.51M | $201.17M | $138.16M | $144.21M | $139.09M | $128.96M | $75.81M | $115.99M | $120.80M | $129.10M |
| Operating Cash Flow | $52.28M | $48.17M | $47.28M | $34.86M | $59.40M | $46.16M | $40.87M | $38.28M | $53.35M | $71.93M | $52.15M | $42.45M | $79.36M | $44.29M | $47.30M | $43.90M | $51.62M | $19.70M | $3.86M | $14.12M |
| Capital Expenditure | $- | $-4.00K | $3 | $- | $43 | $-9 | $-2.00K | $-4.53M | $-98 | $-1.00K | $-3.00K | $-1.00K | $-17.00K | $-2.00K | $-129.32M | $-136.85M | $-259.05M | $-432.45M | $- | $- |
| Free Cash Flow | $52.28M | $48.16M | $47.48M | $34.86M | $59.40M | $46.16M | $40.87M | $33.74M | $53.35M | $71.93M | $52.14M | $42.45M | $79.34M | $44.28M | $-82.02M | $-92.95M | $-207.43M | $-412.75M | $3.86M | $14.12M |
FLEX LNG Dividends
Explore FLEX LNG's dividend history, including dividend yield, payout ratio, and historical payments.
Dividend Yield
13.09%
Dividend Payout Ratio
137.38%
Dividend Paid & Capex Coverage Ratio
1.13x
FLEX LNG Dividend History
| Dividend | Adjusted Dividend | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $0.75 | $0.75 | February 20, 2025 | February 20, 2025 | March 05, 2025 | February 03, 2025 |
| $0.75 | $0.75 | November 27, 2024 | November 27, 2024 | December 11, 2024 | November 12, 2024 |
| $0.75 | $0.75 | August 29, 2024 | August 29, 2024 | September 12, 2024 | August 13, 2024 |
| $0.75 | $0.75 | June 10, 2024 | June 10, 2024 | June 21, 2024 | May 22, 2024 |
| $0.75 | $0.75 | February 22, 2024 | February 23, 2024 | March 08, 2024 | February 06, 2024 |
| $0.875 | $0.875 | November 27, 2023 | November 28, 2023 | December 08, 2023 | November 07, 2023 |
| $0.75 | $0.75 | August 30, 2023 | August 31, 2023 | September 05, 2023 | August 16, 2023 |
| $0.75 | $0.75 | May 30, 2023 | May 31, 2023 | June 16, 2023 | May 16, 2023 |
| $0.75 | $0.75 | February 22, 2023 | February 23, 2023 | March 07, 2023 | February 13, 2023 |
| $0.75 | $0.75 | November 30, 2022 | December 01, 2022 | December 09, 2022 | November 14, 2022 |
| $1.25 | $1.25 | September 07, 2022 | September 08, 2022 | September 13, 2022 | August 24, 2022 |
| $0.75 | $0.75 | May 24, 2022 | May 25, 2022 | June 10, 2022 | May 10, 2022 |
| $0.75 | $0.75 | March 01, 2022 | March 02, 2022 | March 18, 2022 | February 15, 2022 |
| $0.75 | $0.75 | December 01, 2021 | December 02, 2021 | December 14, 2021 | November 17, 2021 |
| $0.4 | $0.4 | September 01, 2021 | September 02, 2021 | September 16, 2021 | August 24, 2021 |
| $0.4 | $0.4 | June 01, 2021 | June 02, 2021 | June 16, 2021 | May 20, 2021 |
| $0.3 | $0.3 | March 02, 2021 | March 03, 2021 | March 17, 2021 | February 16, 2021 |
| $0.1 | $0.1 | December 02, 2020 | December 03, 2020 | December 17, 2020 | November 19, 2020 |
| $0.1 | $0.1 | March 10, 2020 | March 11, 2020 | March 25, 2020 | February 27, 2020 |
| $0.1 | $0.1 | December 04, 2019 | December 05, 2019 | December 18, 2019 | November 20, 2019 |
FLEX LNG News
Read the latest news about FLEX LNG, including recent articles, headlines, and updates.
Dividend Power Dogs: 3 Top Dividend Picks For March
Three top Dividend Power stocks, Golden Ocean, Diversified Energy, and Saratoga Investment Corp, offer "safer" dividends with free cash-flow yields exceeding dividend yields. The Dividend Power strategy focuses on high earnings yield and top dividend yield stocks, creating a resilient portfolio for both downturns and bull markets. Analysts predict significant net gains (39.97% to 168.6%) for the top ten Dividend Power stocks by March 2026, with an average net gain of 77.96%.
Flex LNG - Company presentation March 2025
HAMILTON, Bermuda , March 6, 2025 /PRNewswire/ -- Flex LNG Ltd ("Flex LNG") (NYSE: FLNG) (OSE: FLNG) participated in one-on-one investor meetings at the Deutsche Bank 2025 Virtual Shipping Seminar this week, and will host additional investor meetings at DNB's Energy & Shipping Conference 2025 today. The presentation used is attached hereto and is also available on our web page.
Flex LNG - Filing of 2024 Annual Report on Form 20-F
HAMILTON, Bermuda , Feb. 28, 2025 /PRNewswire/ -- Flex LNG Ltd (the "Company") announces that its annual report on Form 20-F for the year ended December 31, 2024 (the "Annual Report") has been filed with the U.S. Securities and Exchange Commission (the "Commission"). The attached Annual Report can also be downloaded from the Company's website, www.flexlng.com/category/annual-reports/ and is available on the website of the Commission, www.sec.gov.
FLEX LNG: 11% Yield On LNG Shipping, Outperforming In 2025
FLEX LNG Ltd. benefits from long-term charters, insulating it from current low spot market rates and decreased European LNG imports. Despite lower TCE rates and earnings in 2024, FLNG maintains a high dividend yield of 11.55%, with a stable payout ratio. FLNG's valuations are higher than industry averages, leading to a cautious stance on acquiring new shares despite strong dividend coverage.
FLEX LNG Ltd. (FLNG) Q4 2024 Earnings Call Transcript
FLEX LNG Ltd. (NYSE:FLNG ) Q4 2024 Earnings Conference Call February 4, 2025 9:00 AM ET Company Participants Oystein Kalleklev - Chief Executive Officer Knut Traaholt - Chief Financial Officer Oystein Kalleklev Hi, everybody, and welcome to Flex LNG's Fourth Quarter 2024 Result Presentation where we will also go through the numbers for the full year.
LNG Shipping Stocks: Sideways Cruises
The UP World LNG Shipping Index (UPI) gained 0.40%, while the S&P 500 lost 1%, reflecting stable market conditions and cold weather in Europe. LNG tankers are diverting from Asia to Europe due to lower gas consumption in Asia and higher demand in Europe. Spot rates for LNG shipping are falling, with rates below operating costs, impacting companies like Awilco LNG and Chevron negatively.
FLNG Gimi Received First Gas From the GTA Field
Golar LNG Limited (“Golar”) is pleased to announce that on January 18, 2025, FLNG Gimi received feed gas from the bp operated FPSO on the Greater Tortue Ahmeyim (“GTA”) project offshore Mauritania and Senegal. Full commissioning of the FLNG has now commenced. Prior to achieving this key milestone, gas from the LNG carrier British Sponsor was being used to undertake advanced commissioning work. Receipt of gas from the FPSO allows the full commissioning activity to ramp up. The first LNG export cargo is now expected within Q1 2025, and full Commercial Operations Date (“COD”) is expected within Q2 2025, subject to all conditions being met.
Flex LNG - Invitation to the 2024 Fourth Quarter Presentation
HAMILTON, Bermuda , Jan. 21, 2025 /PRNewswire/ -- Flex LNG Ltd ("Flex LNG" or the "Company") will release its unaudited financial results for the fourth quarter of 2024 on Tuesday February 4, 2025, on or about 07:00 CET (1:00 a.m. ET). In connection with the earnings release, a live video webcast will be held at 15:00 CET (9:00 a.m.
Golar Acquires All Outstanding Minority Interests in the FLNG Hilli
Golar LNG Limited ("Golar" or "the Company") is pleased to announce that the company has acquired Seatrium's and Black & Veatch's minority ownership interests in the FLNG Hilli. The acquisitions comprise all third-party interests in the asset, including a total of 5.45% common units, 10.9% Series A shares and 10.9% Series B shares. The transaction is equivalent to ~8% of the full FLNG capacity. The total consideration for the acquisitions is $90.2 million, of which $59.9m is in equity and $30.3 million is a pro-rata share in the existing FLNG Hilli debt facility. The full economic interest of the increased ownership in FLNG Hilli will be effective from 1st of January 2025.
LNG Shipping Stocks: An Uncertain Future Amid Spot Rate Pressures
The LNG shipping sector faces challenges with declining UPI TCE rates and pressured spot rates, exacerbated by rising gas prices and market uncertainties. Tankers are being diverted to Europe and potentially used for floating storage, which may stabilize or reverse spot rate declines. Key players like Tsakos Energy Navigation and Flex LNG experienced significant losses, while New Fortress Energy and Awilco LNG saw gains, indicating a mixed industry outlook.
Flex LNG - Announces 15-year Time Charter for Flex Constellation
HAMILTON, Bermuda , Nov. 29, 2024 /PRNewswire/ -- Flex LNG Ltd ("Flex LNG" or the "Company") (NYSE: FLNG) (OSE: FLNG) is pleased to announce it has agreed a new Time Charter Agreement ("TC") for Flex Constellation for 15-years. Commencement of the charter will occur during the first or second quarter of 2026 with maturity in 2041.
FLEX LNG: Great Company, Abysmal Market
FLEX LNG remains a reliable and shareholder-friendly LNG transportation company, despite market headwinds. The company reported stable earnings in line with guidance, declared its 13th consecutive dividend, and projected a 2024 EBITDA of $272 million, slightly down from $290 million in 2023. The global order book equivalent to 50% of the current fleet and the rise of a shadow fleet threaten asset prices and growth prospects in the LNG transportation sector.
FLEX LNG: When A New Fleet And Appealing Yields Are Not Enough, Rating Downgrade
FLEX reported $90.5 million revenue in 3Q24, compared to $94.6 million in 3Q23. On the other hand, QoQ revenue increased by 6.4%. It declared $17.4 million net income and $0.32EPS. FLEX has a 208% Total Debt to Equity. The company reported $289 million cash and $330 million fully undrawn revolving tranches. For 3Q24, FLEX announced a $0.75/share dividend. The LTM yield is 11.85%. The payout ratio is 143%.
Interim results for the period ended September 30, 2024
Highlights and subsequent events Final Investment Decision (“FID”) for MK II 3.5mtpa FLNG for delivery within 2027. Received reservation notice for FLNG Hilli under definitive agreements with Pan American Energy (“PAE”) for 20-year FLNG deployment in Argentina.
Flex LNG secures Time Charter extension for Flex Courageous and Flex Resolute by up to 10 years from 2029
HAMILTON, Bermuda , Nov. 7, 2024 /PRNewswire/ -- Flex LNG Ltd ("Flex LNG" or the "Company") (NYSE: FLNG) (OSE: FLNG) is pleased to announce it has agreed with the Charterer of Flex Courageous and Flex Resolute, a Supermajor, to amend the existing Time Charter Agreements ("TC") for the two LNG carriers where the parties have agreed a new firm period from 2029 to 2032 which may be extended by an additional seven years in total until 2039. As communicated by the Company on November 1, 2021, Flex LNG and the Charterer then agreed TCs for the two ships with commencement during the first quarter of 2022 where the firm period was three years for each of the LNG carriers and where the Charterer could extend each ship by two additional two-year periods.
Flex LNG - Invitation to the 2024 Third Quarter Presentation
HAMILTON, Bermuda , Nov. 5, 2024 /PRNewswire/ -- Flex LNG Ltd ("Flex LNG" or the "Company") will release its unaudited financial results for the third quarter of 2024 on Tuesday November 12, 2024, on or about 07:00 CET (1:00 a.m. EST). In connection with the earnings release, a live video webcast will be held at 15:00 CET (9:00 a.m.
New Fortress Energy Provides Update on its Initial FLNG Asset
NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (“NFE” or the “Company”) is pleased to announce that its initial Fast LNG unit has completed its third cargo loading today. The cargo has been loaded onto the BW Pavilion and is setting sail for NFE's operation in Puerto Rico. The unit is producing at or above its nameplate capacity of 1.4 MTPA. “We are excited that we have achieved full nameplate performance and believe there is room for further production gains as we continue t.
Flex LNG - Company presentation October 2024
HAMILTON, Bermuda , Oct. 16, 2024 /PRNewswire/ -- Flex LNG announces that CFO Knut Traaholt will be meeting with investors in the US and Canada as part of a non-deal roadshow. The presentation used is attached hereto and is also available on our web page.
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