Welcome to our dedicated page for Flex Lng news (Ticker: FLNG), a resource for investors and traders seeking the latest updates and insights on Flex Lng stock.
Flex LNG Ltd (FLNG) operates a modern fleet of liquefied natural gas carriers, specializing in efficient fuel solutions and long-term charter contracts within the maritime transport sector. This news hub provides investors with essential updates on company developments, financial performance, and operational milestones.
Access authoritative information on FLNG's strategic moves including new vessel acquisitions, charter agreements, and regulatory compliance updates. Our curated collection features press releases covering earnings reports, fleet expansions, and technological advancements in LNG transportation.
Discover updates about FLNG's market positioning through coverage of partnership announcements, environmental initiatives, and industry recognition. The company's focus on advanced propulsion systems and contract backlog management remains central to all reporting.
Bookmark this page for streamlined access to FLNG's verified announcements. Regularly updated content ensures stakeholders maintain current awareness of operational developments impacting the LNG shipping sector.
Flex LNG has announced a cash distribution of $0.75 per share for the first quarter of 2024. This distribution will be made from the company's Contributed Surplus Account. NYSE shareholders will receive their payment on or about June 21, 2024, while OSE shareholders will receive theirs on or about June 26, 2024. Important dates include the ex-date of June 10, 2024, for NYSE and June 7, 2024, for OSE. The shortened settlement cycle from T+2 to T+1 on the NYSE starting May 28, 2024, may restrict share movements between NYSE and OSE during interim days.
Flex LNG reported its unaudited financial results for Q1 2024, with revenues of $90.2 million, down from $97.2 million in Q4 2023.
Net income rose to $33.2 million from $19.4 million in the previous quarter, with EPS increasing to $0.62.
Adjusted net income and EPS remained steady at $37.9 million and $0.70, respectively.
Despite lower revenues, the company extended contracts for multiple vessels, adding 6.2 years to its backlog.
Flex LNG declared a $0.75 per share dividend, maintaining a strong balance sheet with $383 million in cash.
CEO Øystein M. Kalleklev emphasized the company's increased earnings visibility and protection against market weaknesses.
Flex LNG has released its first quarter 2024 earnings report and will hold a live video webcast on May 23, 2024, at 15:00 CEST (09:00 a.m. EST) to discuss the results. A Q&A session will follow. The presentation and a short teaser video highlighting the quarter's key points are available on their website.
For further details, contact Knut Traaholt, CFO, via phone or email.
Flex LNG will release its unaudited financial results for the first quarter of 2024 on Thursday, May 23, 2024. A live video webcast will accompany the earnings release at 15:00 CEST on the same day. Investors can register to attend the webcast and participate in a Q&A session. Presentation materials will be available on the company's website, with a replay also accessible on the Flex LNG YouTube channel.
Flex LNG, announced a new Time Charter agreement with a large Asian LNG importer for the vessel Flex Constellation. The charter commenced on May 7 with a minimum duration of 312 days, extendable up to first quarter 2026. The ship is equipped with modern technology to reduce boil-off rates. The company's CEO highlighted the addition of 6.2 years of firm backlog this year, securing 100% charter coverage for the remainder of the year.
FLEX LNG held its 2024 Annual General Meeting where audited financial statements for 2023 were presented. They passed resolutions on director appointments, auditor selection, remuneration, and capital adjustments.
FAQ
What is the current stock price of Flex Lng (FLNG)?
What is the market cap of Flex Lng (FLNG)?
