FLEX LNG .(FLNG)

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FLEX LNG .(FLNG) - 2021 Q3 - Earnings Call Presentation
2021-11-16 15:51
1 FLEX LNG Third Quarter 2021 Results Presentation November 16, 2021 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 EVENTS OR PERFORMANCE, AND ...
FLEX LNG .(FLNG) - 2021 Q2 - Earnings Call Transcript
2021-08-17 20:11
Call Start: 09:00 January 1, 0000 10:05 AM ET Flex LNG Ltd. (NYSE:FLNG) Q2 2021 Earnings Conference Call August 17, 2021 09:00 ET Company Participants Øystein Kalleklev - Chief Executive Officer Knut Traaholt - Chief Financial Officer Conference Call Participants Randy Givens - Jeffries Greg Lewis - BTIG J. Mintzmyer - Value Investor's Edge Operator Good day and thank you for standing by, and welcome to the Flex LNG Q2 2021 Earnings Presentation Conference Call. Currently, all participants are in a listen-o ...
FLEX LNG .(FLNG) - 2021 Q2 - Earnings Call Presentation
2021-08-17 16:39
| --- | --- | --- | |-------|-------|-------| | | | | | | | | 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 EVENTS OR PERFORMANCE, AND UNDERL ...
FLEX LNG .(FLNG) - 2021 Q1 - Earnings Call Transcript
2021-05-21 20:16
Financial Data and Key Metrics Changes - The company reported revenues of $81.3 million for Q1 2021, up from $67.4 million in the previous quarter, aligning with guidance of $80 million to $90 million [14][44] - Adjusted net income for Q1 was $34.2 million or $0.64 per share, compared to $24 million or $0.45 per share in the previous quarter [16][47] - Operational net income was $47.2 million for the quarter, translating into $0.88 per share, reflecting a significant increase from approximately $28 million or $0.48 per share in the previous quarter [16][46] Business Line Data and Key Metrics Changes - The company secured about 22 years of minimum fixed hire employment since the last reporting, enhancing employment visibility and reducing freight exposure [9][29] - The time charter equivalent (TCE) for the quarter was $75,400 per day, slightly ahead of $73,700 in the previous quarter [16][44] - Operating expenses were $14.3 million in Q1, down from $14.5 million in Q4, resulting in a decrease in operating expenses per day from $15,300 to $12,900 [45] Market Data and Key Metrics Changes - The LNG market experienced a strong recovery, with Asian and European spot LNG prices significantly higher than the previous year, with JKM and TTF prices around $10 and $9 respectively [21][69] - LNG exports in Q1 2021 were close to 102 million tons, in line with the previous year, despite disruptions [56][57] - European gas inventories were at only 33.5%, significantly lower than the previous year, indicating a potential for increased gas prices and volatility [73] Company Strategy and Development Direction - The company aims to secure long-term contracts to enhance revenue stability, having fixed several ships on term charters with major trading houses [25][26] - The strategy includes maintaining a strong liquidity position and utilizing cash for dividends and stock buybacks, with a recent increase in dividend from $0.30 to $0.40 per share [18][20] - The company is focused on expanding its fleet management capabilities in-house to improve operational control and performance [22][23] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the LNG market's recovery, expecting 7% to 8% growth in LNG demand in 2021, supported by a healthy global economy [11][59] - The company anticipates a strong Q4 2021, with revenues expected to approach $100 million, driven by high booking levels and a favorable market environment [39][76] - Management highlighted the importance of maintaining a flexible approach to fleet management, allowing for strategic decisions based on market conditions [66][75] Other Important Information - The company has a robust cash position of $139 million at the end of Q1, providing ample liquidity for future investments and shareholder returns [17][49] - The company has initiated a share buyback program, purchasing 593,000 shares in Q1, with plans to increase the buyback capital [20][53] - The company has hedged interest rate risks with swaps for a nominal amount of $674 million, ensuring a comfortable debt maturity profile [55] Q&A Session Summary - There were no questions during the Q&A session, indicating a clear presentation and understanding of the company's current status and future outlook [77]
FLEX LNG .(FLNG) - 2021 Q1 - Earnings Call Presentation
2021-05-21 14:37
Q1-2021 Presentation May 21, 2021 FLEX CONSTELLATION FLEX LNG FLNG LISTED OSLO BØRS NYSE 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 EVENTS ...
FLEX LNG .(FLNG) - 2020 Q4 - Annual Report
2021-03-17 20:16
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________________ to _________________ OR ☐ SHELL COMPANY REPOR ...
FLEX LNG .(FLNG) - 2020 Q4 - Earnings Call Transcript
2021-02-17 23:56
Flex LNG Ltd. (NYSE:FLNG) Q4 2020 Earnings Conference Call February 17, 2021 9:00 AM ET Company Participants Øystein Kalleklev - Chief Executive Officer Harald Gurvin - Chief Financial Officer Conference Call Participants Operator Ladies and gentlemen, thank you for standing by and welcome to the Flex LNG Fourth Quarter 2020 Earnings Presentation. At this time, all participants are in listen-only mode. After the speaker presentation, there will the question-and-answer session. [Operator Instructions] I must ...
FLEX LNG .(FLNG) - 2020 Q4 - Earnings Call Presentation
2021-02-17 17:01
FLEX LNG Q4-2020 Presentation February 17, 2021 FLNG LISTED NYSE OSLO BORS 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 EVENTS OR PERFORMANC ...
FLEX LNG .(FLNG) - 2020 Q3 - Earnings Call Transcript
2020-11-17 18:49
Flex LNG Ltd. (NYSE:FLNG) Q3 2020 Earnings Conference Call November 17, 2020 9:00 AM ET Company Participants Øystein Kalleklev - Chief Executive Officer Harald Gurvin - Principal Financial Officer Operator Good afternoon, ladies and gentlemen, and thank you for standing by. Welcome to the Flex LNG Q3 2020 Earnings Presentation Conference Call. At this time, all participants will be in a listen-only mode. After the speaker presentation, there will a question-and-answer session. [Operator Instructions]. I mus ...
FLEX LNG .(FLNG) - 2019 Q4 - Annual Report
2020-04-17 20:21
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________________ to _________________ OR ☐ SHELL COMPANY REPOR ...