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) is an LNG shipping company whose news flow reflects its role in the liquefied natural gas transportation market and its presence on the New York Stock Exchange. Company announcements describe a fleet of thirteen modern LNG carriers equipped with MEGI and X-DF two-stroke propulsion, and many news items relate to how this fleet is employed, financed and maintained.
Investors following Flex LNG news can expect regular earnings releases and result presentations for quarterly and half-year periods. These updates, often furnished to the SEC on Form 6-K, discuss vessel operating revenues, net income, Time Charter Equivalent (TCE) rates, adjusted EBITDA, charter backlog, cash balances, and dividend declarations. The company also announces dates and registration details for live video webcasts and Q&A sessions where management presents financial results.
Flex LNG’s news also covers capital allocation and financing actions, including term loan facilities with international shipping banks, sale and leaseback agreements with Asian-based lease providers for specific vessels, and share repurchase programs authorized by the board. Press releases describe how these transactions affect debt maturities, financing costs and available liquidity, and how they relate to the company’s Balance Sheet Optimization Program.
Other news items include corporate governance and incentive developments, such as the approval of a long-term incentive plan granting synthetic options to management and employees, and announcements about executive appointments, including the naming of a new CEO for Flex LNG Management AS. Operational updates, such as the completion of scheduled drydockings and special surveys for vessels like Flex Aurora, Flex Resolute, Flex Artemis and Flex Amber, also feature in the company’s communications.
By monitoring the FLNG news page, readers can track how Flex LNG reports its financial performance, manages its LNG carrier fleet, structures its financing, and makes board-level decisions that shape its capital structure and leadership, all based on official press releases and regulatory disclosures.
Flex LNG has announced its cash distribution details for the fourth quarter 2024, with a payment of $0.75 per share. The distribution will be made from the Company's Contributed Surplus Account. Due to the NYSE transitioning to T+1 settlement from May 28, 2024, while OSE maintains T+2, there are different key dates for shareholders on each exchange.
For NYSE shareholders, the ex-date and record date are February 20, 2025, with payment scheduled for March 5, 2025. For OSE shareholders, the ex-date is February 19, 2025, record date February 20, 2025, with payment in NOK scheduled for March 10, 2025. The distribution was approved on February 3, 2025.
Flex LNG has announced it will release its unaudited financial results for the fourth quarter of 2024 on Tuesday, February 4, 2025, at approximately 07:00 CET (1:00 a.m. ET). A live video webcast will be held at 15:00 CET (9:00 a.m. ET) on the same day to discuss the earnings release.
Participants are encouraged to register 5-10 minutes before the webcast begins. The presentation will include a Q&A session, with instructions for submitting questions provided at the start. Questions can also be submitted via email to ir@flexlng.com. Presentation materials will be available on www.flexlng.com, and a replay of the webcast will be accessible on both the company website and Flex LNG YouTube channel.
Flex LNG (NYSE/OSE: FLNG) announced upcoming investor meetings and the release of their company presentation for December 2024. The company operates a modern fleet of thirteen LNG carriers equipped with state-of-the-art two-stroke propulsion systems (MEGI and X-DF). These vessels offer enhanced fuel efficiency and reduced carbon footprint compared to older steam and four-stroke propelled ships. Flex LNG maintains dual listings on both the New York Stock Exchange and Oslo Stock Exchange under the ticker FLNG.
Flex LNG (NYSE: FLNG) has secured a new 15-year Time Charter Agreement for Flex Constellation, commencing in Q1/Q2 2026 with maturity in 2041 and extension option until 2043. The vessel, built in 2019, is a 173,400 cbm LNG carrier currently on a 10-month charter until Q1 2025. After the current charter ends, the vessel will trade spot/short-term for approximately 12 months before starting the new long-term charter. The new charter rate aligns with existing rates. Following this agreement, Flex LNG has 64 years of firm backlog, potentially extending to 98 years with extension options. The company has 11.2 out of 13 ships on firm Time Charter at an average rate of $80,000 per day.
Flex LNG (FLNG) has announced a dividend payment of USD 0.75 per share for Q3 2024. Shares traded on Oslo Stock Exchange will trade ex-dividend on November 26, 2024, with payment expected around December 16, 2024. For NYSE-traded shares, the ex-dividend date is November 27, 2024, with payment scheduled for December 11, 2024. The company operates a fleet of thirteen LNG carriers equipped with modern two-stroke propulsion systems (MEGI and X-DF), offering improved fuel efficiency and reduced carbon footprint compared to older vessels.
Flex LNG reported Q3 2024 financial results with vessel operating revenues of $90.5 million, up from $84.7 million in Q2. Net income was $17.4 million with EPS of $0.32, down from $21.8 million and $0.41 in Q2. The company achieved an average TCE rate of $75,426 per day and Adjusted EBITDA of $70.4 million. Key developments include completion of $270 million bank facility for two vessels, $160 million JOLCO lease closure, and time charter extensions for Flex Courageous and Flex Resolute until 2032. The company declared a quarterly dividend of $0.75 per share. Management noted pressure on freight market due to high fleet growth and small arbitrage between Europe and Asia.
Flex LNG has announced a cash distribution of $0.75 for the third quarter 2024, to be paid from the Company's Contributed Surplus Account. Due to the NYSE settlement cycle changing from T+2 to T+1 from May 28, 2024, while OSE maintains T+2, there will be different distribution dates for NYSE and OSE shareholders. NYSE shareholders' payment is scheduled for December 11, 2024, while OSE shareholders will receive payment around December 16, 2024. The company operates thirteen LNG carriers with modern two-stroke propulsion systems, offering improved fuel efficiency compared to older vessels.
Flex LNG announced its third quarter 2024 results presentation, which will be delivered through a live video webcast on November 12, 2024, at 15:00 CET (09:00 a.m. EST). The presentation includes a Q&A session, and the company has also released a teaser video highlighting the quarter's results. The materials are accessible through the company's website at www.flexlng.com. The presentation complies with Norwegian Securities Trading Act disclosure requirements.
Flex LNG has secured a significant time charter extension for two LNG carriers, Flex Courageous and Flex Resolute, with a Supermajor. The new agreement adds a firm three-year period from 2029 to 2032, with options to extend up to 2039 through three additional periods (2+2+3 years). This extension builds upon existing charter agreements from 2022, where the Charterer has already exercised the first two-year extension option until 2027, with another option remaining until 2029. The new extension demonstrates Flex LNG's strategy of securing longer-duration contracts at higher rates.
Flex LNG announced it will release its Q3 2024 unaudited financial results on Tuesday, November 12, 2024, around 07:00 CET. The company will host a live video webcast at 15:00 CET the same day, featuring a presentation followed by a Q&A session. Participants are encouraged to register 5-10 minutes before the start. Questions can be submitted during the presentation or via email to ir@flexlng.com. Presentation materials will be available on the company's website, and a replay will be accessible on both the website and Flex LNG's YouTube channel.