FLNG Stock Recent News

Three energy stocks may achieve significant breakthroughs in 2024 based on their robust financial health and strategic advantages. This article highlights three energy stocks with strong fundamentals, making them prime candidates for such breakthroughs.

FLEX LNG's (FLNG) operating costs are likely to have been high in Q2.

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (“NFE” or the “Company”) today is pleased to provide an update on its initial Fast LNG asset located offshore Altamira, Mexico (“FLNG”). NFE's FLNG asset is performing well as expected. The asset is scheduled to conclude commissioning and its preproduction run on Friday, August 9th, with the first partial LNG cargo set to be loaded onto the Energos Princess. This cargo will then be delivered to NFE's La Paz, Mexico terminal in th.

FLEX LNG Ltd. (NYSE:FLNG ) Q1 2024 Earnings Conference Call May 23, 2024 9:00 AM ET Company Participants Oystein Kalleklev - Chief Executive Officer Knut Traaholt - Chief Financial Officer Oystein Kalleklev [Call Starts Abruptly] Management and I will be joined by my colleague, Knut Traaholt, our CFO, who will run you through the numbers a bit later in the presentation.

FLEX LNG: Bet On Resilient Demand For LNG Carriers

There are multiple reasons dividend stocks are the first choice for many investors. First, these stocks provide regular cash flows that serve as a passive income source.

The article discusses various aspects of a company's profile, fleet, earnings, guidance, new business, industry trends, dividends, taxes, insiders, profitability & leverage, debt & liquidity, performance, analysts' price targets, and valuations. FLNG yields over 11%, but has received a downgrade from Jefferies due to potential future dividend cuts. FLNG's dividend payout ratio was above 100% in 2023 on an Adjusted EPS and an Operating Cash Flow basis.

Recent weeks witnessed a rebase of the company's equity currency to an 11% - 12% dividend yield on the back of shifting LNG market fundamentals. The company's strong liquidity position and FCFE generation are key to the $0.75 per share dividend distribution despite challenges in the LNG spot market. Investors should tread with caution since any prolonged price weakness may prompt management to adjust the distribution strategy to a more sustainable yield.

Today's ‘Halftime Report' Investment Committee, Jenny Harrington, Kari Firestone, Joe Terranova and Steve Weiss give their top picks to watch for the second half.

The LNG market seems oversupplied, considering the record-high order book. Going deeper, however, reveals growth potential. FLEX LNG is one of the best ways to play those dynamics. The company has a young fleet equipped with the last generation of power plants. Having a new fleet pays off. FLNG has superior margins, an 81.1% gross margin, and a 76.2% EBITDA margin. FLNG has leveraged its capital structure due to its intensive capital investments.