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0 -0.00278487165287513 -0.00210757811784115 -0.00238646369109036 -0.00278487165287513 -0.0055737273853681 -0.0115458627325208 -0.0103546229267846
Stock impact report

Flex LNG signals $340M 2025 revenue target and boosts contract backlog amid rising LNG volumes [Seeking Alpha]

FLEX LNG Ltd. Ordinary Shares (FLNG) 
Company Research Source: Seeking Alpha
H. Foss, Interim CEO & Chief Commercial Officer, reported that "during the quarter, we said in $86 million or $84 million, excluding the EUAs related to the EU emission trading system. The fleet average TCE during the quarter ended up Quick Insights FLEX LNG reports a solid contract backlog with 53 years minimum firm commitments, potential to reach 80 years if options are exercised, and visibility matching 80% of available 2025 days, supporting long-term earnings stability. Management is optimistic about market momentum and employment for the next 3-4 years, highlighting ongoing marketing for available vessels in 2026 and full bookings for major ships; they expect robust long-term contract activity and growing LNG demand. The company maintains strict capital discipline, prioritizing returns to shareholders with an 11% yield, record-high cash balance of $479 million, ample liquidity, limited CapEx, and no major debt maturities before 2029, enabling commercial flexibility. Mo Show less Read more
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