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Flex LNG Ltd. reports developments for an LNG shipping company that charters modern liquefied natural gas carriers to customers. Its fleet is described as thirteen LNG carriers using latest-generation two-stroke MEGI and X-DF propulsion, with revenue generated through vessel operations and time-charter employment.
Recurring updates cover quarterly results and presentations, annual reports, time-charter agreements and extensions for vessels such as Flex Aurora, Flex Resolute, Flex Courageous and Flex Constellation, fleet status, shareholder meeting notices and AGM voting results. Company communications also address LNG freight-market conditions, contract backlog, vessel operating revenues, and governance matters for the Bermuda issuer listed on the New York Stock Exchange under FLNG.
Flex LNG has announced its upcoming 2025 Annual General Meeting scheduled for May 8, 2025. The company has made available the Notice of Annual General Meeting along with associated documentation, including the 2024 Annual Report on Form 20-F, which can be accessed through the company's website at www.flexlng.com.
Flex LNG (NYSE: FLNG) (OSE: FLNG) has announced its upcoming 2025 Annual General Meeting, scheduled for May 8, 2025. The company has set April 1, 2025 as the record date for voting eligibility at the meeting. Shareholders can expect to receive detailed information, including the Notice of Annual General Meeting and the Company's Annual Report on Form 20-F, which will be made available on the company's website at www.flexlng.com before the meeting.
Flex LNG (NYSE: FLNG) (OSE: FLNG) has announced its participation in key investor events in March 2025. The company engaged in one-on-one investor meetings at the Deutsche Bank 2025 Virtual Shipping Seminar and is scheduled to conduct additional investor meetings at DNB's Energy & Shipping Conference 2025. The company has made the presentation materials publicly available on their website.
Flex LNG (NYSE/OSE: FLNG) has announced the filing of its 2024 Annual Report on Form 20-F with the U.S. Securities and Exchange Commission. The report is accessible through the company's website and the SEC website.
Flex LNG operates a modern fleet of thirteen LNG carriers equipped with latest-generation 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. The company specializes in the growing Liquefied Natural Gas (LNG) shipping market.
Flex LNG (FLNG) has announced its Q4 2024 dividend distribution details. Shareholders on the Oslo Stock Exchange will receive USD 0.75 per share, with shares trading ex-dividend from February 19, 2025, and payment expected around March 10, 2025. For NYSE shareholders, shares will trade ex-dividend on February 20, 2025, with payment scheduled for around March 5, 2025.
The company operates a modern fleet of thirteen LNG carriers equipped with latest-generation two-stroke propulsion systems (MEGI and X-DF), offering improved fuel efficiency and reduced carbon footprint compared to older vessels. Flex LNG is dual-listed on both the NYSE and Oslo Stock Exchange.
Flex LNG has announced the release of its fourth quarter 2024 financial results presentation, which will be delivered through a live video webcast on February 4, 2025, at 15:00 CET (09:00 a.m. EST). The company has also published a teaser video highlighting the quarter's key points, accessible through their website and YouTube. A Q&A session will follow the presentation, with instructions for submitting questions provided at the start of the session.
Flex LNG reported strong Q4 2024 financial results with vessel operating revenues of $90.9 million, up from $90.5 million in Q3. Net income significantly increased to $45.2 million ($0.84 per share) from $17.4 million ($0.32 per share) in Q3.
The company maintained a steady Time Charter Equivalent (TCE) rate of $75,319 per day and achieved adjusted EBITDA of $68.7 million. Notable developments include completing $430 million in new financings with $97 million net proceeds and expanding revolving credit facility capacity to $413.7 million.
Key achievements include extending time charters for Flex Courageous and Flex Resolute through 2032, and securing a new 15-year charter for Flex Constellation until 2041. The company declared a quarterly dividend of $0.75 per share, payable March 5, 2025.
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.