FLEX LNG .(US:FLNG)2024-11-12 15:43Q3 2024 Performance & Guidance - Q3 2024 revenues reached $90.5 million, aligning with the guidance of approximately $90 million[6, 8] - Net income was $17.4 million, with adjusted net income at $28.7 million[6] - Earnings per share (EPS) stood at $0.32, while adjusted EPS was $0.53[6] - The company anticipates Q4 Time Charter Equivalent (TCE) earnings of around $73,000-$75,000 per day and revenues close to $90 million[6] - Q4 Adjusted EBITDA is expected to be near $70 million[6] Contractual Agreements & Backlog - Flex LNG extended the charters for Flex Resolute and Flex Courageous by up to 10 years from 2029[6] - Secured additional firm contract backlog for Flex Courageous and Flex Resolute with a minimum 3-year firm period from Q1 2029 to Q1 2032, with extension options to 2039[10] - The company has secured 50 years of minimum charter backlog, potentially growing to 82 years with charterer's extension options[11] Financial Position & Dividends - A quarterly dividend of $0.75 per share was declared, resulting in a dividend per share of $3.00 over the last twelve months, yielding approximately 13%[6, 7] - The company finalized a $430 million refinancing in early October, yielding net proceeds of $97 million[6] - The company has a solid cash position of $450 million after completion of refinancings[23]