Group 1 - The article does not provide any relevant content regarding the company or industry [1]

Core Insights - FLEX LNG is positioned to benefit from the anticipated third wave of LNG growth, with expectations of double-digit dividends due to refinancing efforts that enhance liquidity [1] Company Research - The analyst has over 10 years of experience researching various companies across multiple sectors, including commodities and technology, which informs their investment insights [1] - The focus on metals and mining stocks is highlighted, although the analyst is also comfortable covering consumer discretionary, staples, REITs, and utilities [1]

Financial Data and Key Metrics Changes - The company reported revenues of $86 million for Q3 2025, or $84 million excluding EUAs related to the EU Emission Trading System, with a fleet average TCE of $70,900 per day [3] - Net income for the quarter was $16.8 million, translating to an EPS of $0.31, while adjusted net income was $23.5 million, or adjusted EPS of $0.43 [3][12] - The company achieved an all-time high cash balance of $479 million after refinancing FLEX Resolute and FLEX Constellation, with no debt maturity prior to 2029 [4][12] Business Line Data and Key Metrics Changes - FLEX Constellation is fully booked for Q4 2025 and Q1 2026, starting a 15-year time charter [4] - The company has a minimum firm backlog of 53 years, which could grow to 80 years if all options are declared [5][6] - Operating expenses for the quarter were $18.8 million, or approximately $15,700 per day, aligning with the full-year guidance of $15,500 [9][10] Market Data and Key Metrics Changes - Global LNG trading volumes increased by 3% year-on-year, reaching 350 million tons from January to October 2025, with the US leading the growth [15] - LNG exports from the US surged to 87 million tons, a 22% increase year-on-year, while European imports grew by 26% [15][16] - The spot market for LNG has shown signs of improvement, with current rates for modern two-stroke vessels around $70,000 per day [14] Company Strategy and Development Direction - The company is committed to maintaining a shareholder-friendly dividend policy, with a declared dividend of $0.75 per share, marking the 17th consecutive dividend [4][7] - The company aims to leverage its solid contract backlog and financial flexibility to navigate the current LNG shipping market [13] - The outlook for LNG shipping remains positive, with expectations of increased LNG volumes and a strong contract pipeline [20][22] Management's Comments on Operating Environment and Future Outlook - Management noted a positive shift in the spot market, driven by record LNG volumes and strong demand from regions like Egypt [14][15] - The company is optimistic about the next few years, anticipating more term market opportunities and a high wave of scrapping in the LNG fleet [25] - The management highlighted the importance of maintaining a solid balance sheet and available liquidity to ensure commercial flexibility [26] Other Important Information - The company has distributed nearly $730 million to shareholders since Q4 2021 [4] - The average cost of drydocking was $5.6 million, with all scheduled drydockings completed safely and efficiently [8] - The company has seen a significant reduction in interest expenses, down $10 million compared to the previous year, due to improved financing terms [10][11] Q&A Session Summary Question: What is the likelihood of the FLEX Aurora option being declared? - Management expressed optimism regarding the FLEX Aurora option, noting the current momentum in the spot market may influence decisions [23][24] Question: What are the opportunities in the term market? - Management indicated that FLEX Artemis is covered throughout 2025 and expects more term requirements for prompt deliveries and beyond [24][25] Question: How is the company managing its cash balance? - The company emphasized a strict capital discipline, prioritizing returns to shareholders while maintaining liquidity for market opportunities [26] Question: What is the status of the delisting from the Oslo Stock Exchange? - Management confirmed the delisting occurred on September 16, 2025, and encouraged remaining shareholders to transfer their shares to the New York Stock Exchange [27]

Financial Performance & Guidance - The company expects approximately $340 million in revenues and adjusted EBITDA of approximately $250 million[9, 10] - The average cost of the four drydockings was approximately $5.6 million per vessel[19] - The company completed $355 million of new financing, releasing $94 million[27] - All-time high cash position of $479 million[27] Market Dynamics - Global LNG exports year-to-date 2025 amounted to 350 MT, a 3% increase year-over-year[33] - European LNG imports increased by 26% year-over-year, reaching 102.6 MT, while Asian imports decreased[33] - US LNG exports have seen strong growth, with Freeport exports up 32% year-over-year and Plaquemines seeing significant increases[36, 37] Fleet & Operations - All four drydockings were completed on time and on budget[14] - The average fleet age is 60 years as of November 2025[27] Newbuild & Scrapping Trends - Newbuild prices have stabilized at approximately $245 million, curbing new orders year-to-date[38, 42] - LNG vessel scrapping is at a new high in 2025[43]

Core Points - U.S. stock futures are up, with Nasdaq futures increasing by approximately 100 points [1] - FLEX LNG Ltd reported quarterly earnings of 43 cents per share, missing the analyst consensus estimate of 46 cents per share, while quarterly sales of $85.680 million exceeded the consensus estimate of $85.188 million [1] - FLEX LNG shares fell 8.4% to $24.31 in pre-market trading [2] Company Movements - Biohaven Ltd shares dropped 7.7% to $7.86 after announcing a $150 million offering [4] - Samsara Inc shares declined 7.4% to $36.87 [4] - Dingdong (Cayman) Ltd shares fell 5.1% to $1.68 following disappointing quarterly earnings [4] - Stitch Fix Inc shares decreased by 4% to $4.21 [4] - Rezolve AI PLC shares fell 3.8% to $3.29 [4] - Daqo New Energy Corp shares declined 3.7% to $34.29 [4] - Xpeng Inc – ADR shares dropped 3.5% to $27.09 after an 8% gain on Tuesday [4] - Daqo New Energy Corp shares also saw a decline of 3.1% to $34.50 [4]

November 12, 2025 November 12, 2025 - Hamilton, Bermuda Interim Financial Information Flex LNG Ltd. Third Quarter 2025 Flex LNG Ltd. ("we", "us", "our", "Flex LNG", or the "Company") today announced its unaudited financial results for the quarter ended September 30, 2025. Highlights: A summary of our financial highlights for the quarter are below: | | Q3 2025 | Q2 2025 | | --- | --- | --- | | 1 Vessel operating revenues | $85.7m | $86.0m | | Net income | $16.8m | $17.7m | | Earnings per share (basic) | $0.3 ...

Core Insights - FLNG (NYSE: FLNG) is currently offering a dividend yield of approximately 12%, making it the second-highest among shipping stocks, just behind SFL, which has a yield of 12.6% [1] Company Analysis - FLNG's dividend yield positions it favorably within the shipping industry, indicating strong potential for income-focused investors [1]

Core Points - Flex LNG Ltd will release its unaudited financial results for Q3 2025 on November 12, 2025, at approximately 07:00 CET (1:00 a.m. EST) [1] - A live video webcast will take place on the same day at 15:00 CET (9:00 a.m. EST), with a Q&A session following the presentation [1] - The presentation material will be available on the company's website, and a replay of the webcast will also be accessible [2] Company Overview - Flex LNG is a shipping company focused on the Liquefied Natural Gas (LNG) market, operating a fleet of thirteen state-of-the-art LNG carriers [2] - The vessels utilize the latest generation two-stroke propulsion systems (MEGI and X-DF), which enhance fuel efficiency and reduce carbon footprint compared to older ship models [2] - Flex LNG is listed on the New York Stock Exchange under the ticker FLNG [2]

Group 1 - FLEX LNG (NYSE: FLNG) owns and operates a fleet of 13 modern LNG carriers, playing a crucial role in the global LNG industry [1] - The company is positioned to benefit from potential macro improvements expected by 2025 [1] - The analyst has over 10 years of experience researching various companies across multiple sectors, including commodities and technology [1]

Company Overview - FLEX LNG (NYSE: FLNG) owns and operates a fleet of 13 modern LNG carriers, playing a crucial role in the global LNG industry [1] Analyst Experience - The analyst has over 10 years of experience researching companies across various sectors, including commodities and technology, which enhances the quality of insights provided [1] Investment Focus - The analyst has transitioned from writing a blog to a value investing-focused YouTube channel, where extensive research on numerous companies has been conducted [1]