Energy -
Oil & Gas Midstream - NYSE - BM
$ 21.815
-0.841 %
$ 1.18 B
Market Cap
10.01
P/E
1. INTRINSIC VALUE
Balance Sheet
FLEX LNG Ltd.
| Current Assets | 443 M |
| Cash & Short-Term Investments | 410 M |
| Receivables | 19.9 M |
| Other Current Assets | 12.7 M |
| Non-Current Assets | 2.27 B |
| Long-Term Investments | 48.8 M |
| PP&E | 2.22 B |
| Other Non-Current Assets | 0 |
| Current Liabilities | 153 M |
| Accounts Payable | 3.51 M |
| Short-Term Debt | 104 M |
| Other Current Liabilities | 45.9 M |
| Non-Current Liabilities | 1.71 B |
| Long-Term Debt | 1.71 B |
| Other Non-Current Liabilities | 0 |
EFFICIENCY
Earnings Waterfall
FLEX LNG Ltd.
| Revenue | 371 M |
| Cost Of Revenue | 143 M |
| Gross Profit | 228 M |
| Operating Expenses | 10.5 M |
| Operating Income | 217 M |
| Other Expenses | 97.1 M |
| Net Income | 120 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
FLEX LNG Ltd.
| Net Income | 120 M |
| Depreciation & Amortization | 73.4 M |
| Capital Expenditures | -2 K |
| Stock-Based Compensation | 1.75 M |
| Change in Working Capital | -19.2 M |
| Others | -22 M |
| Free Cash Flow | 175 M |
Wall Street Analysts Price Targets
FLEX LNG Ltd.
Wall Street analysts predict an average 1-year price target for FLNG of $24.5 , with forecasts ranging from
a
low of
$24 to a high of $25 .
FLNG Lowest Price Target
Wall Street Target
24 USD
10.02%
FLNG Average Price Target
Wall Street Target
24.5 USD
12.31%
FLNG Highest Price Target
Wall Street Target
25 USD
14.60%
4. DIVIDEND
ANALYSIS
2.95%
DIVIDEND YIELD
0.75 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
FLEX LNG Ltd.
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|
7. News
Flex LNG - Ex Date Q4 2024
HAMILTON, Bermuda , Feb. 19, 2025 /PRNewswire/ -- The shares in Flex LNG Ltd. (Ticker: FLNG) traded on Oslo Stock Exchange ("OSE") and registered with Euronext Securities Oslo will trade ex-dividend of USD 0.75 per share as of today, February 19, 2025.
prnewswire.com
- 1 week ago
Eni Rejects Exmar's FLNG Bonus Claim in Congo LNG Dispute
E rejects Exmar's demand for a bonus on the FLNG Tango, a key part of the Congo LNG project, sparking a contractual dispute between the two energy firms.
zacks.com
- 2 weeks ago
FLEX LNG: 11% Yield On LNG Shipping, Outperforming In 2025
FLEX LNG Ltd. benefits from long-term charters, insulating it from current low spot market rates and decreased European LNG imports. Despite lower TCE rates and earnings in 2024, FLNG maintains a high dividend yield of 11.55%, with a stable payout ratio. FLNG's valuations are higher than industry averages, leading to a cautious stance on acquiring new shares despite strong dividend coverage.
seekingalpha.com
- 3 weeks ago
FLEX LNG Ltd. (FLNG) Q4 2024 Earnings Call Transcript
FLEX LNG Ltd. (NYSE:FLNG ) Q4 2024 Earnings Conference Call February 4, 2025 9:00 AM ET Company Participants Oystein Kalleklev - Chief Executive Officer Knut Traaholt - Chief Financial Officer Oystein Kalleklev Hi, everybody, and welcome to Flex LNG's Fourth Quarter 2024 Result Presentation where we will also go through the numbers for the full year.
seekingalpha.com
- 3 weeks ago
LNG Shipping Stocks: Sideways Cruises
The UP World LNG Shipping Index (UPI) gained 0.40%, while the S&P 500 lost 1%, reflecting stable market conditions and cold weather in Europe. LNG tankers are diverting from Asia to Europe due to lower gas consumption in Asia and higher demand in Europe. Spot rates for LNG shipping are falling, with rates below operating costs, impacting companies like Awilco LNG and Chevron negatively.
seekingalpha.com
- 3 weeks ago
Flex LNG - Fourth Quarter 2024 Presentation
HAMILTON, Bermuda , Feb. 4, 2025 /PRNewswire/ -- Please find enclosed the presentation of Flex LNG Ltd.'s fourth quarter 2024 results which will be presented in a live video webcast today at 15:00 CET (09:00 a.m.
prnewswire.com
- 3 weeks ago
Flex LNG - Fourth Quarter 2024 Earnings Release
HAMILTON, Bermuda , Feb. 4, 2025 /PRNewswire/ -- Flex LNG Ltd. ("Flex LNG" or the "Company") today announced its unaudited financial results for the three months and year ended December 31, 2024.
prnewswire.com
- 3 weeks ago
Flex LNG - Key information relating to the cash distribution for the fourth quarter 2024
HAMILTON, Bermuda , Feb. 4, 2025 /PRNewswire/ -- Key information relating to the cash distribution to be paid by Flex LNG Ltd. ("Company") for the fourth quarter 2024.
prnewswire.com
- 3 weeks ago
BP Achieves Milestone in GTA Project With First FLNG Gas
BP's GTA project advances with FLNG Gimi commissioning, unlocking long-term value with 20 years of LNG production.
zacks.com
- 1 month ago
FLNG Gimi Received First Gas From the GTA Field
Golar LNG Limited (“Golar”) is pleased to announce that on January 18, 2025, FLNG Gimi received feed gas from the bp operated FPSO on the Greater Tortue Ahmeyim (“GTA”) project offshore Mauritania and Senegal. Full commissioning of the FLNG has now commenced. Prior to achieving this key milestone, gas from the LNG carrier British Sponsor was being used to undertake advanced commissioning work. Receipt of gas from the FPSO allows the full commissioning activity to ramp up. The first LNG export cargo is now expected within Q1 2025, and full Commercial Operations Date (“COD”) is expected within Q2 2025, subject to all conditions being met.
globenewswire.com
- 1 month ago
Flex LNG - Invitation to the 2024 Fourth Quarter Presentation
HAMILTON, Bermuda , Jan. 21, 2025 /PRNewswire/ -- Flex LNG Ltd ("Flex LNG" or the "Company") will release its unaudited financial results for the fourth quarter of 2024 on Tuesday February 4, 2025, on or about 07:00 CET (1:00 a.m. ET). In connection with the earnings release, a live video webcast will be held at 15:00 CET (9:00 a.m.
prnewswire.com
- 1 month ago
Golar Acquires All Outstanding Minority Interests in the FLNG Hilli
Golar LNG Limited ("Golar" or "the Company") is pleased to announce that the company has acquired Seatrium's and Black & Veatch's minority ownership interests in the FLNG Hilli. The acquisitions comprise all third-party interests in the asset, including a total of 5.45% common units, 10.9% Series A shares and 10.9% Series B shares. The transaction is equivalent to ~8% of the full FLNG capacity. The total consideration for the acquisitions is $90.2 million, of which $59.9m is in equity and $30.3 million is a pro-rata share in the existing FLNG Hilli debt facility. The full economic interest of the increased ownership in FLNG Hilli will be effective from 1st of January 2025.
globenewswire.com
- 2 months ago
8. Profile
Summary
FLEX LNG Ltd. FLNG
COUNTRY
BM
INDUSTRY
Oil & Gas Midstream
MARKET CAP
$ 1.18 B
Dividend Yield
2.95%
Description
Flex LNG Ltd., through its subsidiaries, engages in the seaborne transportation of liquefied natural gas (LNG) worldwide. As of February 16, 2022, it owned and operated nine M-type electronically controlled gas injection LNG carriers; and four vessels with generation X dual fuel propulsion systems. It also provides chartering and management services. Flex LNG Ltd. was incorporated in 2006 and is based in Hamilton, Bermuda.
Contact
Par-La-Ville Place, Hamilton, HM08
https://www.flexlng.com
IPO
Date
June 17, 2019
Employees
10
Officers
Mr. Lars Pedersen
Chief Technical Officer of Frontline Management & MD of Flex Fleet Management
Ms. Jannicke Eilertsen
Compliance Officer
Mr. H. Marius Foss
Chief Commercial Officer of Flex LNG Management AS
Mr. Oystein M. Kalleklev
Principal Executive Officer
Mr. Knut Traaholt
Principal Financial Officer
Mr. Naren Senaratne
Chief Accounting Officer of Flex LNG Management Ltd
Mr. James Ayers
Company Secretary