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Flex LNG is making investors happy and being cautious about how it manages a current bonanza as a substantial shipper of LNG. FLEX LNG is happy for the good times, but has no plans to purchase more capacity; it doesn't want to jeopardise the dividend. It might consider accretive acquisitions.
FLNG yields 9.2%, and goes ex-dividend on 11/30/22. Earnings continued their strong trend in Q3, with adjusted EPS up 39%.
FLEX LNG Ltd. (NYSE:FLNG ) Q3 2022 Results Conference Call November 15, 2022 9:00 AM ET Company Participants Oystein Kalleklev - CEO Knut Traaholt - CFO Conference Call Participants Omar Nokta - Jefferies Anders Karlsen - Kepler Cheuvreux Oystein Kalleklev Hi, and welcome to FLEX LNG's Third Quarter Presentation.
Flex LNG (FLNG) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
FLEX LNG currently has a combination of long-term tailwinds and short-term catalysts that may push the share price higher. Adoption and consumption of natural gas, fleet age and efficiency, and management are the durable drivers for the company.
Management declared another $.75 quarterly dividend, plus a $.50 special dividend. Q2 2022 revenues grew 28% vs. Q2 '21. Adjusted net income rose more than 36%.
FLEX LNG's second quarter earnings demonstrated the company's consistently strong results and improving balance sheet. With charters on all vessels through 2023, and most well beyond that, Flex's results are expected to remain predictably solid.
FLEX LNG Ltd. (NYSE:FLNG ) Q2 2022 Earnings Conference Call August 24, 2022 9:00 AM ET Company Participants Oystein Kalleklev - Chief Executive Officer Knut Traaholt - Chief Financial Officer Conference Call Participants Unidentified Company Representative Hi, and welcome to today's FLEX LNG Webcast, where we will be presenting our Second Quarter Results, as well as discussing the latest development in the Company and in the LNG markets.
FLNG yields 10.5%, with a 69% payout ratio. It has paid three $.75/share quarterly dividends in a row.
The stock price of FLEX LNG Ltd (NYSE: FLNG) increased by over 11% pre-market today. This is why.