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 ...

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 ...

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 Ltd. (NYSE:FLNG) Q4 2023 Earnings Conference Call February 7, 2024 9:00 AM ET Company Participants Øystein Kalleklev - Chief Executive Officer Knut Traaholt - Chief Financial Officer Conference Call Participants Øystein Kalleklev Hi, everybody and welcome to Flex LNG's Fourth Quarter and Full Year 2023 Presentation. I'm Øystein Kalleklev, CEO of Flex LNG management and I will be joined later today by our CFO, Knut Traaholt, who will run you to the numbers. As usual, we will conclude with a Q&A sess ...