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Complete financial analysis of FLEX LNG Ltd. (FLNG) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of FLEX LNG Ltd., a leading company in the Oil & Gas Midstream industry within the Energy sector.
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FLEX LNG Ltd. (FLNG)
About FLEX LNG Ltd.
Flex LNG Ltd., through its subsidiaries, engages in the seaborne transportation of liquefied natural gas (LNG) worldwide. As of February 16, 2022, it owned and operated nine M-type electronically controlled gas injection LNG carriers; and four vessels with generation X dual fuel propulsion systems. It also provides chartering and management services. Flex LNG Ltd. was incorporated in 2006 and is based in Hamilton, Bermuda.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 371.02M | 347.92M | 343.45M | 164.46M | 119.97M | 77.21M | 27.33M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cost of Revenue | 143.40M | 138.16M | 134.40M | 82.54M | 57.45M | 43.57M | 37.57M | 743.00K | 815.00K | 870.00K | 1.16M | -2.26M | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 227.62M | 209.76M | 209.04M | 81.92M | 62.51M | 33.64M | -10.25M | -743.00K | -815.00K | -870.00K | -1.16M | 2.26M | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit Ratio | 61.35% | 60.29% | 60.87% | 49.81% | 52.11% | 43.56% | -37.49% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 10.47M | 9.15M | 7.89M | 6.30M | 7.51M | 4.64M | 2.37M | 725.00K | 1.41M | 1.51M | 3.05M | -12.54M | 13.43M | 10.21M | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 10.47M | 9.15M | 7.89M | 6.30M | 7.51M | 4.64M | 2.37M | 725.00K | 1.41M | 1.51M | 3.05M | -12.54M | 13.43M | 10.21M | 0.00 | 0.00 |
| Other Expenses | 0.00 | 0.00 | -1.21M | 0.00 | -3.39M | 0.00 | 0.00 | 2.00K | 3.00K | 1.00K | -209.97M | 301.26M | 112.29M | 98.69M | 10.66M | 14.77M |
| Operating Expenses | 10.47M | 9.15M | 7.89M | 6.30M | 7.51M | 4.64M | 2.37M | 727.00K | 1.41M | 1.51M | -206.92M | 288.71M | 125.72M | 108.90M | 10.66M | 14.77M |
| Cost & Expenses | 153.87M | 147.30M | 142.29M | 88.84M | 64.96M | 48.21M | 39.94M | 1.47M | 2.23M | 2.38M | -205.77M | 286.45M | 125.72M | 108.90M | 10.66M | 14.77M |
| Interest Income | 4.87M | 2.01M | 41.00K | 327.00K | 1.07M | 607.00K | 123.00K | 9.00K | 20.00K | 3.00K | 21.00K | 88.00K | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 108.72M | 76.60M | 56.22M | 41.81M | 33.88M | 17.64M | 234.00K | 314.00K | 267.00K | 35.00K | 3.00K | -10.15M | 222.00K | 393.00K | 2.79M | |
| Depreciation & Amortization | 73.36M | 72.22M | 69.83M | 41.85M | 28.75M | 17.41M | 2.00K | 2.00K | 3.00K | 1.00K | 32.00K | 116.00K | 146.00K | 211.00K | 250.00K | 0.00 |
| EBITDA | 302.20M | 336.96M | 270.99M | 117.47M | 83.75M | 46.41M | -10.16M | -1.47M | -2.21M | -2.59M | -4.56M | -298.63M | -135.73M | -108.47M | -10.02M | -11.98M |
| EBITDA Ratio | 81.45% | 78.85% | 78.87% | 71.57% | 70.61% | 60.67% | -45.70% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Operating Income | 217.16M | 200.62M | 201.16M | 75.62M | 55.01M | 29.00M | -12.61M | -1.49M | -2.23M | -2.59M | 205.47M | -298.32M | -125.72M | -108.90M | -10.66M | -14.77M |
| Operating Income Ratio | 58.53% | 57.66% | 58.57% | 45.98% | 45.85% | 37.56% | -46.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Total Other Income/Expenses | -97.04M | -12.48M | -38.85M | -67.43M | -37.86M | -17.23M | 2.22M | -305.00K | -247.00K | -32.00K | 3.00K | -301.79M | -10.15M | 222.00K | 393.00K | 2.79M |
| Income Before Tax | 120.12M | 188.14M | 162.30M | 8.19M | 17.15M | 11.77M | -10.39M | -1.79M | -2.48M | -2.62M | 205.48M | -298.74M | -135.87M | -108.68M | -10.27M | -11.98M |
| Income Before Tax Ratio | 32.37% | 54.08% | 47.26% | 4.98% | 14.29% | 15.24% | -38.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | 78.00K | 98.00K | 99.00K | 84.00K | 182.00K | -10.00K | 17.00K | -1.00K | 7.00K | 13.00K | 15.00K | 57.00K | 88.00K | 173.00K | 186.00K | 0.00 |
| Net Income | 120.04M | 188.04M | 162.21M | 8.11M | 16.97M | 11.78M | -10.41M | -1.79M | -2.49M | -2.64M | 205.46M | -298.80M | -135.96M | -108.66M | -10.17M | -11.98M |
| Net Income Ratio | 32.35% | 54.05% | 47.23% | 4.93% | 14.14% | 15.26% | -38.08% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| EPS | 2.24 | 3.53 | 3.04 | 0.15 | 0.31 | 0.29 | -0.34 | -0.14 | -0.20 | -0.21 | 16.30 | -23.90 | -11.31 | -9.62 | -0.90 | -1.37 |
| EPS Diluted | 2.22 | 3.51 | 3.04 | 0.15 | 0.31 | 0.29 | -0.34 | -0.14 | -0.19 | -0.21 | 16.30 | -23.87 | -11.31 | -9.62 | -0.90 | -1.37 |
| Weighted Avg Shares Out | 53.70M | 53.20M | 53.32M | 54.10M | 54.11M | 40.45M | 30.61M | 12.79M | 12.43M | 12.66M | 12.60M | 12.50M | 12.02M | 11.29M | 11.29M | 8.77M |
| Weighted Avg Shares Out (Dil) | 53.99M | 53.52M | 53.34M | 54.27M | 54.25M | 40.59M | 30.76M | 12.79M | 12.78M | 12.66M | 12.60M | 12.52M | 12.02M | 11.29M | 11.29M | 8.77M |
Flex LNG - First Quarter 2024 Presentation
HAMILTON, Bermuda , May 23, 2024 /PRNewswire/ -- Please find enclosed the presentation of Flex LNG Ltd.'s first quarter 2024 results which will be presented in a live video webcast today at 15:00 CEST (09:00 a.m.
Flex LNG - Invitation to the 2024 First Quarter Presentation
HAMILTON, Bermuda , May 8, 2024 /PRNewswire/ -- Flex LNG Ltd ("Flex LNG" or the "Company") will release its unaudited financial results for the first quarter of 2024 on Thursday May 23, 2024, on or about 07:00 CEST (1:00 a.m. EST)....
Flex LNG - New Time Charter for Flex Constellation
HAMILTON, Bermuda , May 8, 2024 /PRNewswire/ -- Flex LNG, Ltd. ("Flex LNG" or the "Company") (OSE/NYSE: FLNG) is pleased to announce a new Time Charter agreement with a large Asian LNG importer, for the vessel, Flex Constellation.
LNG Shipping Stocks: Preparation For A Bullish Move
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Flex LNG - Annual General Meeting 2024
HAMILTON, Bermuda, April 30, 2024 /PRNewswire/ -- FLEX LNG LTD. (the "Company") advises that the 2024 Annual General Meeting of the Shareholders of the Company was held on April 29, 2024 at 12:00 hrs, at Hamilton Princess and Beach Club,...
Flex LNG - Mandatory notification of trade by PDMR
HAMILTON, Bermuda , April 17, 2024 /PRNewswire/ -- Flex LNG Ltd. (the "Company") has received trade notifications from the following persons discharging managerial responsibilities ("PDMR"): Øystein Kalleklev, CEO of Flex LNG Management AS, has in the period April 15 th and...
FLEX LNG: Bet On Resilient Demand For LNG Carriers
FLEX LNG: Bet On Resilient Demand For LNG Carriers
Flex LNG - Time Charter for Flex Endeavour extended to 2032
HAMILTON, Bermuda, April 12, 2024 /PRNewswire/ -- Flex LNG, Ltd. ("Flex LNG" or the "Company") (OSE/NYSE: FLNG) is pleased to announce that the charterer of Flex Endeavour has exercised an option to extend the firm period of the Time Charter by...
Flex LNG - AGM Notice
HAMILTON, Bermuda , April 5, 2024 /PRNewswire/ -- FLEX LNG LTD. (the "Company") announces that its 2024 Annual General Meeting will be held on April 29, 2024.
Flex LNG - 2024 Annual General Meeting
HAMILTON, Bermuda , March 26, 2024 /PRNewswire/ -- FLEX LNG Ltd. (NYSE: FLNG) (OSE: FLNG) ("FLNG" or the "Company") advises that the 2024 Annual General Meeting of the Company will be held on April 29, 2024.
Source: https://incomestatements.info
Category: Stock Reports