FLEX LNG (FLNG) is scheduled to release second-quarter 2024 earnings results on Aug 14. The shipping company's earnings surpassed the Zacks Consensus Estimate in three of the last four quarters and missed on the remaining occasion, the average beat being 7.1%. The Zacks Consensus Estimate for the to-be-reported quarter's earnings is pegged at 47 cents per share. The metric has remained stable in the past 60 days. The bottom-line projection indicates a year-over-year contraction of 9.6%. Against this backdro ...

Golar LNG Ltd. ("Golar"), and bp, as Operator of the Greater Tortue-Ahmeyim LNG Project, have executed agreements to implement a commercial reset for FLNG Gimi. The commercial reset agreement simplifies contractual cash flows and settles previous disputes related to payment mechanisms for pre-commercial operations date ("Pre-COD") contractual cash flows. Golar and bp have agreed an updated schedule of daily payments until the Commercial Operations Date ("COD"). The daily payments have step-up mechanisms bas ...

Oystein Kalleklev - Chief Executive Officer Knut Traaholt - Chief Financial Officer And as usual, we have some nice gifts for you, for the best question. The best question wins the Flex LNG Summer kit, consisting of, of course, our caps, the Flex and the city sunglasses, both in pink and black. We have a water bottle, so you can hydrate. This nice Flex, Just Flex It T-shirt, running shirt, I was using it yesterday and with sunny Oslo now 26 degrees, it's also nice to have some sunscreen, Flex on the Beach s ...

A summary of our financial highlights for the quarter are below: May 23, 2024 May 23, 2024 - Hamilton, Bermuda Flex LNG Ltd. ("we", "us", "our", "Flex LNG", or the "Company") today announced its unaudited financial results for the three months ended March 31, 2024. Highlights: Interim Financial Information Flex LNG Ltd. First Quarter 2024 (1) Time Charter Equivalent rate, Adjusted EBITDA, Adjusted net income/(loss) and Adjusted earnings/(loss) per share are non-GAAP measures. A reconciliation to the most di ...

HAMILTON, Bermuda, May 8, 2024 /PRNewswire/ -- Flex LNG, Ltd. ("Flex LNG" or the "Company") (OSE/NYSE: FLNG) is pleased to announce a new Time Charter agreement with a large Asian LNG importer, for the vessel, Flex Constellation. The Time Charter commenced on May 7 with a minimum period of 312 days i.e. until end of first quarter of 2025. The charterer has the option to extend the charter by an additional one-year period until end of first quarter 2026. Flex Constellation is a large 173,400 cbm LNG carrier ...

SHanscheNote: I previously covered FLEX LNG (NYSE:FLNG) in February. I extensively discussed the LNG market and LNG carrier propulsion systems (steamers vs. MEGA/MEGI and X-DF). I reviewed FLNG fleet specifications (age and propulsion), discussed the company’s financials, and estimated its value. FLNG has a top-notch fleet of ships fitted with last-generation engines, while keeping liquidity to service its debts and operations. FLNG distributes dividends with an attractive yield above 10%. My conclusion ...

HAMILTON, Bermuda, April 12, 2024 /PRNewswire/ -- Flex LNG, Ltd. ("Flex LNG" or the "Company") (OSE/NYSE: FLNG) is pleased to announce that the charterer of Flex Endeavour has exercised an option to extend the firm period of the Time Charter by 500 days, from the third quarter 2030 to the first quarter of 2032. As announced on November 23, 2022, in connection with the extension of three ships, the charterer has one further option to extend the Time Charter period by one additional year to 2033. Øystein Kall ...

There are multiple reasons dividend stocks are the first choice for many investors. First, these stocks provide regular cash flows that serve as a passive income source. Further, dividend stocks, in general, are low-beta and provide stability to the portfolio. It’s a bonus for investors if there are undervalued dividend stocks to buy. Once the valuation gap is filled, total returns can be robust.This column discusses three undervalued dividend stocks that have been sideways to lower in the last 12 months. C ...

SHanscheKey Takeaway In my previous equity research note on Flex LNG (NYSE:FLNG) from February 2023, I recommended the company with a Hold as a robust investment choice within the shipping sector, particularly for investors seeking a stable dividend income stream. Since that assessment, Flex LNG has distributed approximately $170 million or $3.875 per share, consistent with my initial expectations. Upon revisiting my analysis, almost a year later, I find that not much has changed over the past year, exc ...

With Presidential elections around the corner in the United States, portfolios can be fine-tuned. It’s worth noting that Donald Trump’s chances of winning the 2024 Presidential election have increased to 50%. Therefore, it makes sense to look at some sectors and stocks that will likely benefit if Trump is back to power.During the first term, the Trump administration had focused on “expediting infrastructure projects including oil and gas pipelines and LNG plants.” If Trump assumes power, I would be bullish ...