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FLEX LNG .(FLNG) - 2023 Q4 - Annual Report
2024-03-04 16:00
13 certain commercial seagoing vessels flying the flag of an EU member state may be recycled only in facilities included on the European list of permitted ship recycling facilities. Apart from that, any vessel, including ours, is required to set up and maintain an Inventory of Hazardous Materials from December 31, 2018 for EU flagged new ships and from December 31, 2020 for EU flagged existing ships and non-EU flagged ships calling at a port or anchorage of an EU member state. Such a system includes informa ...
FLEX LNG: Quality Fleet, Superior Margins, And Attractive Yields
Seeking Alpha· 2024-02-14 01:08
SHansche Introduction FLEX LNG (NYSE:FLNG) is an enticing investing idea for shipping investors. The company operates in the LNG shipping industry. It has a young fleet equipped with new-generation propulsion plants. FLNG has leveraged its capital structure due to its intensive capital investments over the last few years. Having new ships with efficient propulsion pays off, and FLNG scores the highest margins against its peers. LNG carrier's supply side seems to be oversaturated. The order book is 51%. ...
FLEX LNG .(FLNG) - 2023 Q4 - Earnings Call Transcript
2024-02-07 18:44
Øystein Kalleklev - Chief Executive Officer Knut Traaholt - Chief Financial Officer Revenues for the quarter came in at $97.2 million. This was in line with the guidance provided for Q4 of around $97 million to $99 million. Net income and adjusted net income came in at $19.4 million and $37.8 million, respectively. Just a reminder, we have a rather big portfolio of interest rate derivatives, where we've hedged ourself against higher interest rate we are today experiencing. And in the adjusted numbers, we on ...
FLEX LNG .(FLNG) - 2023 Q4 - Annual Report
2024-02-06 16:00
Note 3: Earnings per share Basic earnings per share amounts are calculated by dividing the net income/(loss) by the weighted average number of ordinary shares outstanding during that period. Diluted earnings per share amounts are calculated by dividing the net income/(loss) by the weighted average number of shares outstanding during the period, plus the weighted average number of ordinary shares that would be outstanding if all the dilutive potential ordinary shares were issued, excluding those purchased by ...
FLEX LNG .(FLNG) - 2023 Q3 - Earnings Call Presentation
2023-11-17 06:52
1 FLEX LNG Third Quarter 2023 Result Presentation FORWARD-LOOKING STATEMENTS THE FORWARD-LOOKING STATEMENTS IN THIS PRESENTATION ARE BASED UPON VARIOUS ASSUMPTIONS, MANY OF WHICH ARE BASED, IN TURN, UPON FURTHER ASSUMPTIONS, INCLUDING WITHOUT LIMITATION, MANAGEMENT'S EXAMINATION OF HISTORICAL OPERATING TRENDS, DATA CONTAINED IN THE COMPANY'S RECORDS AND OTHER DATA AVAILABLE FROM THIRD PARTIES. ALTHOUGH FLEX LNG BELIEVES THAT THESE ASSUMPTIONS WERE REASONABLE WHEN MADE, BECAUSE THESE ASSUMPTIONS ARE INHERENT ...
FLEX LNG .(FLNG) - 2023 Q3 - Earnings Call Transcript
2023-11-08 21:00
Oystein Kalleklev - Chief Executive Officer Conference Call Participants Hi, everybody. IÂ'm Oystein Kalleklev, CEO of FLEX LNG. Today, we are presenting our third quarter numbers. I will be joined later in the presentation by our CFO, Knut Traaholt, who will walk you through the numbers. So with all the ships back in operation and a stronger spot market positively impacting Flex Artemis, which is on a variable hire, that is the key reason for revenues growing from the second quarter to the third quarter. T ...
FLEX LNG .(FLNG) - 2023 Q3 - Quarterly Report
2023-11-07 16:00
Interest expense was $27.5 million in the third quarter 2023, compared to $27.2 million in the second quarter 2023. Net income for the third quarter 2023 was $45.1 million and basic earnings per share were $0.84, compared to a net income of $39.0 million and basic earnings per share of $0.73 for the second quarter 2023. Adjusted EBITDA was $74.7 million for the third quarter 2023, compared to $66.2 million for the second quarter 2023. 2 2 Adjusted net income for the third quarter 2023 was $36.1 million and ...
FLEX LNG .(FLNG) - 2023 Q2 - Earnings Call Presentation
2023-08-17 03:18
Second Quarter 2023 Result Presentation August 16, 2023 1 Flex Endeavour in dry-dock April 2023 FORWARD-LOOKING STATEMENTS MATTERS DISCUSSED IN THIS PRESENTATION MAY CONSTITUTE FORWARD-LOOKING STATEMENTS. THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 PROVIDES SAFE HARBOR PROTECTIONS FOR FORWARD-LOOKING STATEMENTS IN ORDER TO ENCOURAGE COMPANIES TO PROVIDE PROSPECTIVE INFORMATION ABOUT THEIR BUSINESS. FORWARD-LOOKING STATEMENTS INCLUDE STATEMENTS CONCERNING PLANS, OBJECTIVES, GOALS, STRATEGIES, FUTURE ...
FLEX LNG .(FLNG) - 2023 Q2 - Earnings Call Transcript
2023-08-17 03:18
FLEX LNG Ltd. (NYSE:FLNG) Q2 2023 Earnings Conference Call August 16, 2023 9:00 AM ET We also have, then your Just Flex It, Running T-Shirt, which we will be using in Oslo Marathon next month. And lastly, we have a new addition of Flex LNG sunglasses. So I hope you do send in some good questions. It's always the most fun part of these presentations. So, as I mentioned, we've been busy doing drydockings this year. We docked Flex Endeavour in March, Singapore. We did our sister ship Flex Enterprise in Singapo ...
FLEX LNG .(FLNG) - 2023 Q2 - Quarterly Report
2023-08-15 16:00
Second Quarter 2023 August 16, 2023 FLEX LNG Interim Financial Information Flex LNG Ltd. August 16, 2023 - Hamilton, Bermuda Flex LNG Ltd. ("Flex LNG" or the "Company") today announced its unaudited financial results for the three months and six months ended June 30, 2023. Highlights: • Vessel operating revenues of $86.7 million for the second quarter 2023, compared to $92.5 million for the first quarter 2023. • Net income of $39.0 million and basic earnings per share of $0.73 for the second quarter 2023, c ...