FLEX LNG: Bet On Resilient Demand For LNG Carriers [Seeking Alpha]
FLEX LNG Ltd. Ordinary Shares (FLNG)
Company Research
Source: Seeking Alpha
Despite the high order book, LNG shipping still offers upside potential. 93% of the incoming ships are booked, plus many LNG carriers with steam turbines will be redelivered in 24/25. The steamers will slowly go out of service, leaving place for the vessels with last-generation engines. FLNG realized adequate revenue and income growth, though disappointing net income and EPS. The company keeps a healthy balance sheet with ample liquidity; the next debt maturity is in 2028. Given FLNG fleet quality, robust liquidity position, and attractive dividends, I give a Buy rating. Note: I previously covered FLEX LNG ( NYSE: FLNG ) in February. I extensively discussed the LNG market and LNG carrier propulsion systems (steamers vs. MEGA/MEGI and X-DF). I reviewed FLNG fleet specifications (age and propulsion), discussed the company's financials, and estimated its value. FLNG has a top-notch Recommended For You Recommended For You About FLNG Stock
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FLNG
News
- Flex LNG - Annual General Meeting 2024PR Newswire
- Flex LNG - Mandatory notification of trade by PDMR [Yahoo! Finance]Yahoo! Finance
- Flex LNG - Mandatory notification of trade by PDMRPR Newswire
- Flex LNG - Time Charter for Flex Endeavour extended to 2032 [Yahoo! Finance]Yahoo! Finance
- Flex LNG - Time Charter for Flex Endeavour extended to 2032PR Newswire
FLNG
Earnings
- 2/7/24 - Beat
FLNG
Sec Filings
- 4/23/24 - Form 6-K
- 4/16/24 - Form 6-K
- 3/5/24 - Form 20-F
- FLNG's page on the SEC website