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Flex Lng (FLNG)
:FLNG
Earnings Data
Report Date
May 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.5Last Year’s EPS
0.7Same Quarter Last Year
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 04, 2025
|% Change Since: -8.10%
|Next Earnings Date:May 30, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook with strong financial performance, stable revenues, and successful long-term charter extensions. However, challenges such as declining freight rates, geopolitical uncertainties, and regulatory pressures present significant hurdles. The company's strategic backlog and financial stability position it to weather near-term challenges, while long-term prospects depend on market recovery and regulatory adaptation.Company Guidance
In the fourth quarter of 2024, Flex LNG reported revenues of $90.9 million, slightly exceeding their guidance of $89.5 million, with a significant contribution of $1.4 million from EU ETS Carbon Emissions compensation. The company achieved a net income of $30.8 million, largely driven by a $20.1 million derivative income, resulting in adjusted earnings per share of $0.57. Flex LNG declared a dividend of $0.75 per share, totaling $3 per share for the year, reflecting a 12% yield. The company reinforced its robust financial position with $437 million in cash and a strong backlog, ensuring steady expectations for 2025. The anticipated time charter equivalent earnings for 2025 are in the mid-$70,000 range, with revenues projected between $340 million and $360 million, and an EBITDA forecast of $250 million to $270 million. Despite market challenges, Flex LNG remains optimistic with extensive contract coverage extending to 2032 and beyond, and plans to delist from the Oslo exchange to streamline compliance costs.Stable Revenue and Earnings
Revenues for Q4 2024 came in at $89.5 million, in line with guidance, with net income driven by derivative income of $20.1 million, resulting in adjusted net income of $30.8 million. Earnings per share were $0.84 or $0.57 on an adjusted basis.
Long-Term Charter Extensions
Flex LNG secured extensions for ships Flex Resolute and Flex Courageous until 2032, with options to 2039, and a new 15-year charter for Flex Constellation starting in Q1 or Q2 2026, extending to 2041.
Strong Cash Position and Dividends
Flex LNG holds a cash balance of $437 million and declared a dividend of $0.75 per share, resulting in a total dividend of $3 for 2024, implying a running yield of about 12%.
Operational Efficiency
Achieved 99.7% technical uptime and zero lost time injuries in 2024, indicating strong operational performance and safety standards.
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FLNG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FLNG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 04, 2025 | $24.94 | $25.24 | +1.20% |
| Nov 12, 2024 | $22.53 | $23.36 | +3.68% |
| Aug 14, 2024 | $23.75 | $23.68 | -0.29% |
| May 23, 2024 | $25.86 | $25.41 | -1.74% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Flex Lng (FLNG) report earnings?
Flex Lng (FLNG) is schdueled to report earning on May 30, 2025, TBA Not Confirmed.
What is Flex Lng (FLNG) earnings time?
Flex Lng (FLNG) earnings time is at May 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FLNG EPS forecast?
FLNG EPS forecast for the fiscal quarter 2025 (Q1) is 0.5.
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