Core Viewpoint - Flex LNG Ltd. has successfully completed a $175 million JOLCO lease financing for the vessel Flex Courageous, which will enhance its financial position by generating net proceeds of approximately $42 million and reducing the cost of debt by about 1.5% per annum [1][2]. Group 1: Financing Details - The refinancing of Flex Courageous is part of a broader Balance Sheet Optimization Program 3.0, which aims to refinance three vessels and has secured up to 37 years of combined contract backlog [2]. - The company plans to complete the refinancing of Flex Resolute and Flex Constellation in the second half of 2025, expecting to release an additional $120 million in net proceeds [3]. Group 2: Financial Position - As of the end of Q1-2025, Flex LNG reported a cash balance of $410 million, indicating a strong liquidity position supported by substantial charter backlog [4]. - The successful refinancing at attractive terms reflects the company's financial flexibility and the trust from banking partners and lease providers [4].

Investors interested in Transportation stocks should always be looking to find the best-performing companies in the group. Flex LNG (FLNG) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Transportation peers, we might be able to answer that question.Flex LNG is one of 123 companies in the Transportation group. The Transportation group current ...

Core Insights - Flex LNG declared an ordinary dividend of $0.75 per share for the quarter, resulting in a trailing twelve-month yield of 12%, supported by $410 million in cash at the end of Q1 2025 [1] - The company reaffirmed full-year 2025 revenue guidance in the range of $340 million to $360 million [1][8] Financial Performance - The balance sheet optimization program aims to unlock an additional $120 million in free cash, with plans for refinancing ships Flex Resolute and Flex Constellation [2] - At the end of Q1 2025, the company held $410 million in cash and has its first scheduled debt maturity in 2028 [2] - The refinancing initiatives are expected to lower the average cost of capital and extend debt maturities, supporting liquidity [3] Risk Management - Flex LNG increased its interest rate swap portfolio to $700 million notional by the end of Q1 2025, providing 70% hedge coverage over the next 24 months [4] - The company added an additional $150 million in swaps, increasing the total to $850 million at a weighted average rate of approximately 3.5% [5] Contractual Strength - As of May 2025, Flex LNG has a minimum contract backlog of 59 vessel-years, potentially rising to 88 years if charter options are exercised [6][7] - This exceptional contractual coverage provides predictability and cushions earnings against short-term spot rate pressure [7] Future Outlook - Management reaffirmed full-year 2025 revenue guidance of $340 million to $360 million, with debt maturities extended and interest costs reduced [8]

Interim Financial Information Flex LNG Ltd. First Quarter 2025 May 21, 2025 May 21, 2025 - 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, 2025. Highlights: A summary of our financial highlights for the quarter are below: | | Q1 2025 | Q4 2024 | | --- | --- | --- | | 1 Vessel operating revenues | $88.4m | $90.9m | | Net income | $18.7m | $45.2m | | Earnings per share (basic) | $0.35 | $0.84 ...

Company Information - Flex LNG Ltd. is a shipping company focused on the growing market for Liquefied Natural Gas (LNG) [4] - The company operates a fleet of thirteen state-of-the-art LNG carriers equipped with the latest generation two-stroke propulsion systems, which enhance fuel efficiency and reduce carbon footprint compared to older vessels [4] Cash Distribution Details - For the first quarter of 2025, Flex LNG will distribute $0.75 per share to shareholders [3] - The distribution will be made from the Company's Contributed Surplus Account [1] - The payment dates differ for NYSE and OSE shareholders: - NYSE: Payment date is June 20, 2025 [3] - OSE: Payment date is June 25, 2025 [3] - The last day including right for NYSE shareholders is June 5, 2025, and for OSE shareholders, it is June 4, 2025 [3] Settlement Cycle Changes - Starting May 28, 2024, the standard settlement cycle for transactions on the NYSE will change from T+2 to T+1, while the Oslo Stock Exchange will continue with T+2 [2] - This change may affect the timing of share movements between the two exchanges during the interim period [2]

Company Overview - Flex LNG is a shipping company focused on the growing market for Liquefied Natural Gas (LNG) [2] - The fleet consists of thirteen LNG carriers, all equipped with state-of-the-art two-stroke propulsion systems (MEGI and X-DF) [2] - These modern ships provide significant improvements in fuel efficiency and reduce carbon footprint compared to older steam and four-stroke propelled ships [2] Financial Results Announcement - Flex LNG will release its unaudited financial results for the first quarter of 2025 on May 21, 2025, at approximately 07:00 CEST (1:00 a.m. EST) [1] - A live video webcast will be held on the same day at 15:00 CEST (9:00 a.m. EST) [1] - The presentation material will be available on the company's website, and a replay of the webcast will also be accessible [2]

Core Viewpoint - Golar LNG Limited has announced the Final Investment Decision for a 20-year re-deployment charter of the FLNG Hilli and signed agreements for a 20-year charter for the MKII FLNG, both to be operated offshore Argentina, which is expected to significantly enhance the company's earnings backlog and commodity exposure [1][2][4]. Group 1: Charter Agreements - The two FLNG agreements are projected to contribute US$ 13.7 billion in earnings backlog over 20 years, before adjustments based on US-CPI and commodity-linked tariff upside [2]. - For every US$ 1/mmbtu increase above US$ 8/mmbtu, Golar will gain approximately US$ 100 million when both FLNGs are operational [2]. - SESA has the option to reduce the term of the agreement to 12 years for FLNG Hilli and 15 years for MKII FLNG, subject to a 3-year notice and payment of a fee [2]. Group 2: Commodity Linked Tariff - Golar will receive 25% of realized FOB prices above a threshold of US$ 8/mmbtu, with no cap on the upside for gas prices [3]. - A mechanism allows for partial reduction of charter hire if FOB prices fall below US$ 7.5/mmbtu, down to a floor of US$ 6/mmbtu, with a maximum accumulated discount capped at US$ 210 million [3]. - Any outstanding discounted charter hire amounts will be repaid through additional upside sharing if FOB prices exceed US$ 7.5/mmbtu [3]. Group 3: Project Support and Infrastructure - The project has received full support from the National and Provincial Governments in Argentina, including a 30-year LNG export authorization and qualification for the Incentive Regime for Large Investments [5]. - The FLNGs will be located offshore in the Gulf of San Matias, monetizing gas from the Vaca Muerta formation, which is the world's second-largest shale gas resource [6]. - SESA plans to construct a dedicated pipeline from Vaca Muerta to the Gulf of San Matias to ensure gas supply to the FLNGs, enhancing operational efficiencies [6]. Group 4: Company and Market Position - Golar LNG Limited is a leading maritime LNG infrastructure company, recognized for pioneering floating LNG projects and is the only proven provider of FLNG as a service [10]. - The partnership with leading Argentinian gas producers positions Golar to benefit from the vast resources of the Vaca Muerta formation, contributing to Argentina's LNG export capabilities [7].

Group 1 - The 2025 Annual General Meeting of FLEX LNG Ltd is scheduled for May 8, 2025 [1] - The record date for voting at the Annual General Meeting is set for April 1, 2025 [1] - A copy of the Notice of Annual General Meeting and the Company's Annual Report on Form 20-F will be available on the Company's website prior to the meeting [1]

The Zacks Transportation - Shipping industry faces challenges due to high inflation, uncertainty surrounding the Federal Reserve’s future rate cut plans, and tariff-related tensions. and lingering supply-chain disruptions. Geopolitical and environmental woes represent further challenges.Despite the uncertainty concerning demand, the industry demonstrates resilience, especially for companies prioritizing growth and operational efficiency. Companies like Frontline (FRO) , FLEX LNG Ltd. (FLNG) and Golden Ocean ...

Company Overview - Flex LNG is a shipping company focused on the growing market for Liquefied Natural Gas (LNG) [2] - The fleet consists of thirteen LNG carriers, all equipped with state-of-the-art ships featuring the latest generation two-stroke propulsion systems (MEGI and X-DF) [2] - These modern ships provide significant improvements in fuel efficiency and a reduced carbon footprint compared to older steam and four-stroke propelled ships [2] Recent Activities - Flex LNG participated in one-on-one investor meetings at the Deutsche Bank 2025 Virtual Shipping Seminar [1] - The company will host additional investor meetings at DNB's Energy & Shipping Conference 2025 [1] - A presentation used during these meetings is available on the company's web page [1]